Saturday, December 30, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

It's lavish. It's huge. It's grand. It's expensive.

#1       46 Star Island Drive, Miami Beach, Florida with 10 bedrooms, 12 baths and 20,000 sq.ft. previously listed for sale at $65,000,000 will be auctioned without any reserve on January 31, 2018.

46 Star Island Dr, Miami Beach, FL 33139

This Historic Masterpiece built by Miami Beach Pioneer Carl Fisher that was previously asking $65 million is headed to auction.  The  20,000-square-foot Mediterranean estate was built by Miami Beach pioneer Carl Fisher in 1923.  This estate with more than 40 rooms throughout was completely renovated in 2016 giving meticulous attention to it's original integrity. Soaring ceilings, ballroom size living room, 3000 bottle wine cellar, 3 offices, staff quarters and more. It is situated on the tip of Star Island, the most sought after address in Miami Beach, with over 61,000 sq.ft. of land and 255' of panoramic waterfront views. This is the most important iconic trophy estate in Dade Broward and Palm Beach since the sale of Mar-a-Lago Estate to Donald Trump.

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139
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46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

Today's Top Real Estate News

Hawaii, Colorado See Biggest Luxury Price Surges of 2017.Only three primary markets were in the top 10 for luxury price appreciation. 

By Beckie Strum
Realtor.com

New York, came in at No. 3, with average price rising 30% in 2017. Seattle and its suburbs (King County) came in at No. 8, with luxury prices rising 14%, and San Francisco’s wealthy bedroom community of Marin County came in at No. 10, as prices climbed 11.6%.

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A surge in wealth in the United States over the past 12 months has stimulated second-home markets in states like Hawaii and Colorado, according to data from realtor.com.

Maui, Hawaii, and Eagle County, Colorado, saw the country’s fastest luxury price growth, even beating out metropolitan housing hubs like New York City and San Francisco and their expensive suburbs, according to the data.

In Maui, luxury prices, defined as the top 5% of sales, increased nearly 33% to an average of $2.485 million in 2017 compared to the year prior, according to Realtor, which will release its full report on Jan. 4.

The  US. led the world in wealth gains over the past year, tallying more than a million new millionaires in the last year as stock prices surged, according to Credit Suisse’s Global Wealth Report published last month.

“So far, the Trump presidency has seen businesses flourish and employment grow, though the ongoing supportive role played by the Federal Reserve has undoubtedly played a part here as well, and wealth inequality remains a prominent issue,” said Michael O'Sullivan, CIO for International Wealth Management at Credit Suisse.

The Hawaiian islands have dominated price growth as constrained inventory pushes prices up in the mainstream market, too. In Maui, median sales prices soared 9.5% in the mainstream market.

While Maui topped the list last year, more islands have crept into Realtor’s top 10 in terms of  luxury price appreciation. Kauai came in at No. 4 in the country with a 25% leap in average luxury price in 2017. The Big Island (Hawaii) came in No. 5 with a 24.8% price increase in 2017.

Realtor’s rankings compare 74 counties, all have which have seen at least 100 home transactions valued at least $1 million.

Eagle County, home to trendy ski resorts like Vail and Beaver Creek, ranked No. 2 in the country for luxury price growth as the area transforms into a year-round retreat. Average prices jumped 31.5% in 2017 to $2.89 million.

“More than anything people look at property here as a blue chip asset in a real estate portfolio,” said Matthew Blake, a Vail-based broker for LIV Sotheby’s International Realty. “There are more golf courses than stop lights in Eagle County.”

Stock market gains have led to a flurry of activity in the area this year, including the two most expensive sales in Vail’s history, one house for $23 million and another for $28.7 million, Mr. Blake said.

Summit County, Utah, was another ski resort hub with double-digit price growth. It ranked ninth for fastest luxury appreciation, increasing 12.2% in 2017 with an average price of $2.122 million thanks to the rising attraction of Park City and Deer Valley.


Today's Top San Diego Luxury Estates.


The median home value in San Diego County is $560,800. San Diego County home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.7% within the next year
The median home value in Coronado is $1,553,700. Coronado home values have gone up 3.5% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in La Jolla, 92037 is $1,573,200. 92037 home values have gone up  6.4% over the past year and Zillow predicts they will rise 3.7% within the next year.

The median home value in Solona Beach, 92075 is $1,277,500. 92075 home values have increased 8.1% over the past year and Zillow predicts they will rise 3.6% within the next year.  


The median home value in Del Mar, 92014 is $1,678,200. 92014 home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in Rancho Santa Fe is $2,733,200. Rancho Santa Fe home values have gone up 4.1% over the past year and Zillow predicts they will rise 2.9% within the next year.

#1      2337 Calle Chiquita, La Jolla, CA 92037 with 6 bedrooms, 8 baths 
and 11,098 sq.ft. is now reduced to $10,995,000.



A stunning home that is second to none! This custom built contemporary has high ceilings, wall of glass which provide an abundance of natural light, resort-like grounds, privacy and large, beautiful spaces throughout. There is an 8 car garage, a large gym and a state-of-the-art home theater! Situated in La Jolla Shores just minutes from the beach and village of The Shores the life-style this home offers can be enjoyed by all year round! Easy to get into and out of La Jolla is a plus! This is easily one of the most beautiful homes in La Jolla. It is a dynamic contemporary residence offering grace, livability and an energizing vitality. It was featured in 'LUXE INTERIORS + DESIGN', Fall, 2001 issue. You are in for a gorgeous surprise!

















Today's Top LA Luxury Estate.


The median home value in Orange County is $692,900. Orange County home values have gone up 4.1% over the past year and Zillow predicts they will rise 1.7.% within the next year. 

The median home value in Los Angeles County is $588,000. Los Angeles County home values have gone up 67.8% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in Newport Beach is $1,704,700. Newport Beach home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.2% within the next year. 

The median home value in Santa Monica is $1,502,700. Santa Monica home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Pacific Palisades is $2,884,200. Pacific Palisades home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Malibu is $3.081,600. Malibu home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Bel Air is $3,455,900. Bel Air home values have gone up 5.0% over the past year and Zillow predicts they will rise 2..2% within the next year.

The median home value in Beverly Hills, 90210 is $5,092,600. 90210 home values have gone up 7.5% over the past year and Zillow predicts they will rise 2.5% within the next year.

#1      20906 Pacific Coast Highway, Malibu, CA 90265 with 2 bedrooms, 2 baths and 2,500 sq.ft. is listed for sale at $6,350,000.



This utterly striking Malibu home situated on the beach at Los Flores - aka Dog Beach - exudes class, luxury, style and warmth in a contemporary property built for beachfront living. The multi-level home boasts incredible ocean views from every room for days where dolphins frolic in the waves just outside your back door. Features include copper roof, slate shingles, upgraded appliances, a gourmet kitchen and so much more.The décor and design showcase on-trend warm coastal tones, coupled with features like stacking sliders, bringing the beauty of the sky and oceanscape indoors. The home sleeps up to six and offers three stylish yet comfortable levels, with 2 bedrooms, 2 baths, a large office, secret room, and plenty of entertaining areas, including a gourmet kitchen, and open floor design from kitchen to living room. The second story offers a large balcony with dining area, two seating areas, and a fire pit. The first floor has another living space, custom built bar (mini-kitchen), and an incredible patio leading to a hot tub, and another fire pit.  Live the Malibu life as you surf your own secret break, play fetch with your dog, relax on the deck, roast smores, enjoy low-tide walks on the secluded beach, entertain friends, hike the nearby canyon, eat at world-famous restaurants and get away from it all in this spectacular home. The home can also serve as turnkey vacation rental, and with great reviews from past guests, or keep this private piece of Malibu paradise all to yourself!












Today's Top Phoenix Luxury Estate 

A photo showing the skyline of Phoenix, looking north.  It shows the various buildings of the downtown area, as well as Sunnyslope Mountain in the background

The median home value in Maricopa County is $251,200. Maricopa County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Scottsdale is $434,700. Scottsdale home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.4% within the next year.

The median home value in Carefree is $747,800. Carefree home values have gone up 0.8% over the past year and Zillow predicts they will rise 1.3% within the next year. 

The median home value in Paradise Valley is $1,638,100. Paradise Valley home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.5% within the next year.

#1      5296 East Roadrunner Road, Paradise Valley, AZ with 5 bedrooms, 7 baths and 8,459 sq.ft. is listed for sale at $6,200,000.



Sitting high and elegantly in the coveted Paradise Valley, this custom estate is the epitome of luxury living. Designed by Mark Candeleria, and located near Paradise Valley Country Club, is a masterpiece of design and impeccable craftsmanship. The interior spaces reflect transitional glamour with beautiful white marble floors from the Greek Island of Thassos and counters of limestone, marble and onyx. Sophisticated finishes and classic architectural elements include hand-carved groin vaulted ceilings, custom cabinetry throughout, a mahogany library/office and lavish spa-like master suite. The exquisite chefa(tm)s kitchen is clad with premium finishes and opens to great room with wine room and wet bar. Entertaining abounds with state-of-the-art theatre room, separate guest house, six fireplaces and picturesque courtyards. Incredible views of sweeping mountains wrap around a tranquil outdoor retreat with custom tiled pool and spa, 22ft BBQ bar, fireplace and fire pit.  With its elegance, serenity and unparalleled views, this is the ultimate estate for your most discerning clients who are seeking life's best. 




















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,276,000. San Francisco County home values have gone up 12.9% over the past year and Zillow predicts they will rise 4.3% within the next year. 

The median home value in Marin County is $1,081,500. Marin County home values have gone up 7.2% over the past year and Zillow predicts they will rise 3.9% within the next year.9
The median home value in Santa Clara County is $1,152,300.  Santa Clara County home values have gone up 17%.6 over the past year and Zillow predicts they will rise 8.8% within the next year.

The median home value in Sausalito is $1,362,900. Sausalito home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. 

The median home value in Tiburon is $2,580,200. Tiburon home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year

The median home value in Palo Alto is $2,883,600. Palo Alto home values have gone up 15.6% over the past year and Zillow predicts they will rise 8.4% within the next year.         
            
The median home value in Los Altos is $3,118,100. Los Altos home values have gone up 13.1% over the past year and Zillow predicts they will rise 7.3% within the next year.         

The median home value in Saratoga is $2,715,800. Saratoga home values have gone up 14.5% over the past year and Zillow predicts they will rise 8.2% within the next year.    

The median home value in Atherton is $6,939,400. Atherton home values have gone up 11.8% over the past year and Zillow predicts they will rise 4.3% within the next year.

#1      748 Adobe Canyon Road, Kenwood, CA 95452 with 4 bedrooms, 5 baths and 6,142 sq.ft. is listed for sale at $11,950,000.


This wine country estate exemplifies fine architecture with quality finishes in every detail. All rooms open to gorgeous country views looking over vineyards down into Kenwood. This home offers a luxurious poolside entertaining area, fabulous massage room and sauna in addition to its en-suite bedrooms & loggias.















Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $602,200. King County home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.3% within the next year

The median home value in Kirkland is $717,100. Kirkland home values have gone up 20.1%  over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Seattle is $708,600. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.2% within the next year.

The median home value in Bellevue is $871,100. Bellevue home values have gone up 16.6% over the past year and Zillow predicts they will rise 6.3% within the next year.

The median home value in Mercer Island is $1,422,600. Mercer Island home values have gone up 7.9% over the past year and Zillow predicts they will rise 4.2% within the next year. 

.The median home value in Clyde Hill is $2,650,900. Clyde Hill home values have gone up 18.7% over the past year and Zillow predicts they will rise 7.1% within the next year.

 The median home value in Medina is $2,708,900. Medina home values have gone up 14.1% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1      498 Davison Head Drive, Friday Harbor, WA 98250 with 3 bedrooms,3 baths and 3,912 sq.ft. is listed for sale at $3,205,000.


Cobblestones, recovered warehouse beams, and extensive masonry are the hallmarks of this beautifully appointed 3900+/- sf south-facing waterfront home with a private and protected deep water dock including a 65'+/- float. Enjoy the wonderful patio about 15' above the water just perfect for admiring your vessel. Located in the Roche Harbor area just one lot in from the eastern tip of Davison Head.
















Today's Best Mortgage Rates
Mortgage Rates Unchanged For 2nd Straight Day
Dec 29 2017, 3:38PM

Mortgage rates were unchanged again today, keeping them at the same stronger levels achieved on Wednesday afternoon.  Wednesday's gains were much-needed as they went a long way toward erasing the damage from a quick spike that took rates to the highest levels in months last week. 

The caveat to the back-to-back weeks of volatility is that this is the end of December. Mortgage rates are driven primarily by trading in bond markets, and trading in bond markets becomes exceptionally sparse this time of year.  In market speak, the word is "illiquid."  Imbalances between buyers and sellers always cause some movement, but illiquidity means that rates move much more than they otherwise would.

Thankfully, this week's illiquidity worked in our favor, and rates returned to the dominant range of the third quarter of 2017.  We could be waiting for the 2nd full week of January before we get a clear sense of how traders are approaching the bond market in 2018.
                                                                                                                                  52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.04%4.04%--3.84%4.39%
15 Yr FRM3.37%3.37%--3.12%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.05%
Jumbo 30 Year Fixed4.19%4.19%--4.10%4.60%
5/1 Yr ARM3.20%3.21%-0.012.98%3.25%

Looking for more information?  Have a comment?  Need a Realtor referral?  Please call, text or email me at 619-944-8749 or furtree @msn.com. Most importantly, have a great day.

Cordially,


Tom


PS.   Happy New Year!  Thank you for reading my blogs. Today's Best Mansions has now been read by over 150,000 individuals!