Wednesday, January 17, 2018





Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      1500 South Ocean Blvd, Palm Beach, Florida 33480 with 10 bedrooms, 14 baths and 44,187 sq.ft. is relisted for sale at $95,000,000.


The estate previously listed for sale at $137 million was just reduced by $42 million!  Built in 1930, Il Palmetto at 1500 S. Ocean Blvd. underwent a multi-year restoration after Netscape co-founder, Jim Clark bought it for a recorded $11 million in 1999. Society architect Maurice Fatio designed the house, which is today considered his masterpiece.  This very private complex features a truly grand main house with a separate tropical lake and oceanfront guest houses.The 44,187 square foot main house sits on a 5.48 acre lot,  Craftsmanship of the highest caliber obtained from around the globe is evident throughout this magnificent compound. Certainly one of the islands most prominent landmark estates.
























Today's Top Real Estate News 

Palm Beach Notches Big-Ticket Home Sales

By Candace Taylor
Realtor.com

palm beach featured



Maureen Donnell sits on the shaded terrace of her Palm Beach estate, where a sweeping lawn meets her private dock on the Intracoastal Waterway. Swathed in a high-necked purple blouse with gold bracelets jangling at her wrists, Ms. Donnell points out a row of antique French statues depicting the four seasons by the swimming pool. A housekeeper in a crisp blue and white uniform appears bearing iced tea and cookies.

Just a mile to the north, it is far less peaceful. Here, police cars with flashing lights encircle the Mar-a-Lago Club, where President Donald Trump is spending the holidays. Nearby, Trump supporters hold signs saying “Proud Deplorable” and “Welcome First Family.”

Ms. Donnell—widow of John R. Donnell, whose family founded Marathon Oil —has spent decades wintering in Palm Beach, where waterfront homes like hers are among the priciest in the world.

In particular, the narrow stretch of South Ocean Boulevard just south of Mar-a-Lago is known as “Billionaires Row,” with residents that include Blackstone CEO Stephen Schwarzman and rock star Rod Stewart.

The posh Florida town has made headlines lately not only because of frequent presidential visits, but because of an unusually high number of big-ticket home sales.

Worth Avenue in Palm Beach is home to upscale stores and restaurants         



Last January, Chicago hedge-fund manager Kenneth Griffin paid $85 million to buy an estate adjacent to the massive oceanfront parcel he assembled in 2012 for a total of nearly $130 million, according to public records.

In April, former Los Angeles Dodgers owner Frank McCourt Jr. bought an oceanfront home next to Mr. Griffin’s property for a recorded $77.06 million. Down the street, Gerald Herz of Switzerland in March bought a spec home on the Intracoastal Waterway for $31.59 million, according to property records.

“This past year has been unusually active in the high end,” said Cristina Condon, an agent at Sotheby’s International Realty.

The flurry of mega-sales may be due, in part, to the publicity Palm Beach has received during the president’s visits. But residents say these large deals also might stem from a broader sea change emerging in the area.

Once viewed as a bastion of older high-society snowbirds, Palm Beach is becoming a little younger as hedge-funders such as Mr. Griffin and Paul Tudor Jones flock to the island, drawn by low taxes, picturesque scenery and sunshine.

“This town has changed in a very big way,” says investor Jeff Greene, who bought a beachfront home on Billionaires Row in 2009 and lives there full time with his wife, Mei Sze Greene, and three young children.

In the past, “I never cared for this area,” he said, describing the Palm Beach of yore as an “old-world society town.” But after spending some time in Palm Beach, “we found it was very different,” he said. “For families, it’s great.”

The oceanfront home of Jeff Greene and his wife, Mei Sze Greene, on ‘Billionaires Row’ in Palm Beach (exterior seen above)         



Seventy miles north of Miami, Palm Beach is a narrow barrier island sandwiched between the Atlantic Ocean and the Intracoastal Waterway. The town of Palm Beach has about 8,700 residents, according to census data, but the population swells to roughly 15,000 during the winter season, according to the Palm Beach Chamber of Commerce.

Just south of Mar-a-Lago, South Ocean Boulevard, the island’s main north-south artery, swings away from the shore, allowing an elite few to possess estates with direct ocean access. That’s what drew Mr. Greene to his 4-acre beachfront home, which originally was designed by famed architect Addison Mizner in the 1920s.

Sitting barefoot on a terrace just steps from the sand, he notes pelicans flying overhead. “See? That’s what you don’t get anywhere else—the connection with the ocean.”

The dining room of the home the Greenes share with their three children.         



After buying the roughly 9,000-square-foot house for $24 million, he rebuilt much of it and expanded the footprint to about 40,000 square feet. Beyond a swimming pool, a wooden walkway leads to the sand, where the orange and white striped umbrellas of Mar-a-Lago are  visible a few hundred feet away. An elaborate play structure for Mr. Greene’s children sits beneath palm trees.

In 2016, Mr. Greene founded an elementary school, the Greene School, to serve the burgeoning population of area families.

Mr. Greene said he was inspired by another Palm Beach resident, William I. Koch, who started the high school Oxbridge Academy in 2011. A billionaire industrialist, Mr. Koch’s brothers are major political donors Charles and David Koch. William and David, who are twins, both have homes on South Ocean Boulevard.

The area also attracts people in other fields, Mr. Sammons noted. Or as he put it: “There are cool people moving into Palm Beach.”

Casino mogul Steve Wynn paid $20 million for his lakefront property in 2014; he’s now listed it for $24.5 million. Bottega Veneta Creative Director Tomas Maier in 2014 paid $16.6 million for Concha Marina, the landmark former home of Mr. Trump’s ex-wife Ivana.

Christopher Leavitt, an agent at Douglas Elliman Real Estate, cited the recent renovation of the 1950s-era Royal Poinciana Plaza, which houses a Hermès store. Palm Beach is becoming “much hipper,” he said. “It is no longer the place where you went to visit your grandparents.”

Longtime resident Eddy Louis lives in a columned Regency-style home designed around 1959 by the architect Clarence Mack.         



Longtime Palm Beacher Eddy Louis lives south of Mar-a-Lago, in a sky-blue columned Regency-style home designed around 1959 by the architect Clarence Mack. His half-acre property is located in a cul-de-sac off South Ocean Boulevard.

He put his roughly 6,000-square-foot home on the market for $12.95 million in 2015 before changing his mind about selling. He refers to himself as “the poor guy on the block.”

“There are homes that have 40 bedrooms,” he said. “I only have seven.”

Mr. Louis put his Palm Beach home on the market for $12.95 million in 2015, but said he later changed his mind about selling.

Of his neighbor, Mr. Trump, Mr. Louis said whatever your politics, “it’s a pain in the neck when he’s in town. It kills that peaceful serenity. Once he leaves we’re like, ‘ahhhh.’ ”

It is unclear what, if any, effect the presence of a sitting president is having on the local real-estate market. Despite the recent big-ticket deals, the overall luxury market in Palm Beach has suffered during the past year, along with high-end markets nationwide.

In the third quarter of 2017, the average sales price for a luxury home in Palm Beach dropped 33% to $8.68 million, down from $12.98 million for the same period in 2016, according to a quarterly market report from real-estate brokerage Douglas Elliman.
Despite these numbers, agents said the market has picked up in recent months.

There are a number of Billionaires Row estates lingering on the market. 

In 2016, Il Palmetto, a lake-to-ocean estate owned by Netscape co-founder Jim Clark, hit the market for $137 million. The restored 1930s Italian Renaissance mansion saw its price reduced to $115 million before being taken off the market this past fall and just relisted for $95 million.

Villa Venezia, a lakefront Venetian-style residence owned by the estate of the late investment banker Damon Mezzacappa, has been on the market for more than a year. Initially, it was priced at $67.5 million but it has been reduced to $59.5 million.



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 is $1,858,600. La Jolla home values have gone up 7.0%         over the past year and Zillow predicts they will rise 3.9% within the next year.

The median home value in Solana Beach is $1,227,700. Solana Beach home values have gone up 8.3% over the past year and Zillow predicts they will rise 3.6% within the next year.               The median home value in Del Mar is $2,251,000. Del Mar home values have gone up 0.3% over the past year and Zillow predicts they will rise 3.2% 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      4 Buccaneer Way, Coronado, CA 92118 with 7 bedrooms, 9 baths and 
8,200 sq.ft. is listed for sale at $8,299,995.




This spectacular estate has been beautifully redesigned with a contemporary flair. A spacious 7 bedroom 7 bathrooms home has ocean views from every room including the 3rd floor office and roof deck. Its 160ft. private dock on the water is the largest boat slip in the Cays that accommodates 3 yachts and smaller boats and water toys! Its 12-person spa tucked in a private enclave flows into the wrap-around pool with swim up bar. The home boasts an underground 4,700 bottle wine cellar, steam room and sauna.





















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      1450  Blue Jay Way, West Hollywood, CA 90069 with 5 bedrooms, 7 baths and 6,377 sq.ft. is listed for sale at $15,900,000.



This newly-constructed, architectural home highlights the most coveted neighborhood in Los Angeles, the Bird Streets. Deftly executed by KAA Design, it presents a sophisticated, site-specific living experience with sweeping city views. A serene courtyard oasis leads to a twelve-foot glass-enclosed great room with cedar plank ceilings and linen finished limestone floors, open dining area and sophisticated Italian kitchen. A pool and spa terrace serves as a natural extension of the interiors. Therefined master suite features a fireplace, dual showroom closets and an elegant bathroom with sliding glass doors opening to a private garden. Two ensuite guest bedrooms complete the main level. A voluminous lower level includes a lounge and game room, wine display, entertainment room, guest suite and gym with steam shower. Savant home automation, two-car garage, three-car off-street parking, and masterful landscaping crown this offering of rare architectural pedigree. 












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      7560 North Silvercrest Way, Paradise Valley, AZ 85253 with 6 bedrooms, 8 baths and 9,094 sq.ft. is listed for sale at $10,600,000.

7560 N Silvercrest Way, Paradise Valley, AZ 85253

The Cutting-edge of modern luxury, this architectural statement features panoramic views of the entire southern horizon in guard-gated Clearwater Hills. Situated on 5 acres, this private hillside masterpiece is forged with walls of glass and steel focused on Camelback Mountain providing expansive 270 degrees views of sunrise, sunset, city lights and endless mountaintops. A spacious and practical floor plan that provides flexibility for all types of living and endless opportunities for entertaining. The outdoor space takes center stage with 2 pools including a suspended lap pool that floats over the valley below, a negative edge pool centered on Camelback Mountain and 2 spas. There are multiple sundecks and outdoor dining areas, a built-in BBQ station with wetbar and professional landscaping. The main house includes an oversized great room with large bar and integrated formal dining room, a media room, office, gym, and the master bedroom is split from the 3 bedroom guest wing with 2 elevators; one on each wing. Interior details include Italian piasentina stone and teakwood flooring, marble slab and ceramic tile surfaces and Brazilian Rosewood custom cabinetry and millwork. The separate guest house includes a kitchen with living and dining space in addition to the large bedroom/bath and has a private viewing balcony. The lower level of the guest house includes a wine room with cooled wine storage for 1,000+ bottles. A 5-car, climate controlled garage completes the residence. 

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253

7560 N Silvercrest Way, Paradise Valley, AZ 85253


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      268 Mallorca Way, San Francisco, CA 94123 with 5 bedrooms, 6 baths, 
and 5,003 sq.ft. is listed for sale at $7,000,000.



EAG Studio's brilliant design transformed the residence into a handsome, contemporary single-family home w/ comfortable gathering spaces & au pair/income suite. Indoor-outdoor living was the priority, along w/ floor plan designed for today's lifestyle. A symphony of natural tones, providing a perfect backdrop for art & furnishings. The result is bold, daring & incredibly chic. Tailor-made to balance privacy w/ togetherness, serenity w/ rambunctiousness, & high style w/ durability - this home really works. The harmonious architecture maintains a respectful relationship to the neighborhood, while offering a new vision. Upper level w/ partial views & terraces, retractable skylight leads to pano roof deck. Beautiful & smart. Come see the magic. 




















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      14301 SE Evergreeen Highway, Vancouver, WA 98683 with 4 bedrooms, 6 baths and 5,581 sq.ft. is listed for sale at $3,700,000.



If you demand the best, this is one you will not want to miss! An architectural masterpiece situated on the Columbia River, offering panoramic views of the river, mountain and Portland Hilltops. Escape to the Master Wing complete with expansive dressing room, fireplace and featuring a spa like bathroom with heated floors and sauna. Not one single detail was overlooked. Open the large sliding doors to create your indoor/outdoor living.








Today's Best Mortgage Rates
Mortgage Rates Still Working on That Ceiling
Jan 16 2018, 3:20PM

Mortgage rates didn't move much today.  Most lenders were just slightly lower/better this morning, but mid-day market weakness prompted several of them to reissue higher rates.  In the bigger picture, however, the past several days represent a welcome stint of relative calm.  The general trend had been toward higher rates beginning in mid-December.

Granted, that general trend could continue and the past few business days could merely be a pause.  But the point is, whether it's a pause or the beginning of a reversal, either would begin the same way.  The important development in underlying bond markets has been resilience at the weaker (read: higher rate) levels.  Using 10yr Treasury yields as a benchmark for rate in general, we'd want 2.60% to continue to act as a ceiling.

The ingredient we're still missing is the move below an important floor.  In the current case, 2.52% would be a good first step.  A move to 2.42% would likely correspond with top tier 30yr fixed mortgage rates returning to 4.0% on average
                                                                                                                           52 Weeks
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.14%4.15%-0.013.84%4.39%
15 Yr FRM3.48%3.48%--3.12%3.61%
FHA 30 Year Fixed3.80%3.80%--3.35%4.05%
Jumbo 30 Year Fixed4.29%4.30%-0.014.10%4.60%
5/1 Yr ARM3.21%3.22%-0.012.98%3.25%
Looking for more information?  Have a comment regarding any of today's 
mansions?  Need a Realtor referral?  Please text or email me at 619-944-8749 
or furtree @msn.com. Most importantly, have a great day.

Cordially,

Tom


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