Saturday, February 17, 2018


Today's Best Mansion.


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


#1      2676 East Kauapea Road, Kilauea, HI 96754 with  6 bedrooms, 8 baths and 

11,708 sq.ft. is listed for sale at $70,000,000.




The moment you set foot on this property it is clear there is no better property in the Hawaiian islands or perhaps anywhere. The ultimate in privacy, function and view. This home is a sanctuary, a haven. The bluff top location offers incredible views of pristine water, a historic lighthouse and rich volcanic mountains. A world class white sandy beach is at the end of your private steps. This compound is significant.  Do not miss it.  The estate consists of a main house and two guest pavilions totaling four bedroom, six and a half bath and a two bedroom, two bath nearby caretaker's residence resting on 15 acres that includes an active farm with exotic palms, citrus and coconut trees. A 1600 sqft infinity pool and Jacuzzi are a highlight. 

The main house consists of four pavilions, with over 10,000 sqft of interior living space and more than 8000 sqft of exterior decks, pools, covered areas and lanais. The Central Pavilion features an expansive gourmet kitchen, dining area, living room, office and bedroom with a king-sized bed and bathroom. Every room in the Central Pavilion has covered lanais and expansive views of the ocean and the Kilauea Lighthouse. On the ground floor there is a media room, full bathroom with shower, a state-of-the-art exercise room, and a full bar that serves the swimming pool area as well as the lower level. The Master Bedroom Pavilion is over 1,100 sqft, including a bedroom, living area, and bar as well. The Master Pavilion bathroom features an indoor and outdoor shower with lanai, double sinks, and generous dressing room, two additional Bedroom Pavilions, featuring king-sized beds, bar with refrigerator, full bathroom, and lanais.  Property allows more buildings; homes, athletic courts, spa or pool facilities.   Secluded and private, however, the quaint town of Kilauea, with restaurants, coffee shop and bakery is a five minute bike ride. World class golf at Princeville and the town of Hanalei are close.































Today's Top Real Estate News


U.S. Home Construction Rose 9.7% in January


By Laura Kusisto and Josh Mitchel             
Realtor.com| 



us-home-construction-jan-18             




Housing construction got off to a strong start in 2018, which could help boost economic growth and ease home-price increases in the coming months.
The number of new housing units under construction rose 9.7% from a month earlier to an annual rate of 1.326 million, the Commerce Department said Friday. That marked the third increase in four months.

Builders also showed signs they are planning to ramp up construction later this year. The number of permits they lined up to build units rose 7.4% last month to an annual pace of 1.396 million.

Nonetheless, economists said the numbers suggest that 2018 will continue a trend of gradual improvement in new-home construction that will remain well below normal levels.
“This is a generational issue because we’ve fallen so far behind in supply that we’re still playing catch up,” said Robert Frick, corporate economist with Navy Federal Credit Union. “We’ve still got years to go before we see these numbers improve to normal levels.”

Housing starts numbers are volatile and can be subject to big revisions. The margin of error for the January rise of 9.7% was plus or minus 16.8 percentage points.

Economists said the report was encouraging because starts rose despite frigid January weather across many parts of the country.

More disappointing was that last month’s gains were overwhelmingly driven by an increase in multifamily starts, which tend to be especially volatile and are unlikely to remain at such high levels, economists said.

Apartment starts surged 24% in January, while construction of single-family homes rose just 3.7%. Permits for buildings with five units or more likewise were up more than 25%, while permits for single-family homes fell 1.7%.

Over the longer-term, new-home construction is picking up. Total starts rose 7.3% in the 12 months through January, while single-family starts rose 7.6% during that period.

January’s numbers offer the first glimpse into the impact of a tax overhaul bill passed in late December that reduced incentives for homeownership that are especially important in higher cost markets. The bill also cut individual tax rates and slashed the corporate tax rate to 21% from 35%, along with other changes benefiting small businesses.

Tendayi Kapfidze, chief economist at LendingTree, said the tax code changes could boost builder margins by 10% to 15%, which could in turn encourage them to build more homes at  the low end, where profit margins are thinnest.

“Home builders are able to be a little more aggressive in terms of getting out there and building homes,” he said.

Today's Best San Diego Mansion


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The median home value in San Diego County is $565,000. San Diego County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.5% within the next year. 
The median home value in Coronado is $1,572,800. Coronado home values have gone up 3.8% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in La Jolla is $1,899,900. La Jolla home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.2% within the next year.
               
The median home value in Solana Beach is $1,265,000. Solana Beach home values have gone up 13.9% over the past year and Zillow predicts they will rise 3.7% within the next year. 

The median home value in Del Mar is $2,309,800. Del Mar home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.8% within the next year. 


The median home value in Rancho Santa Fe is $2,764,200. Rancho Santa Fe home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.7% within the next year.



#1      258 Coast Blvd., La Jolla, C 92037 with 4 bedrooms, 5 baths and 4,099 sq.ft. is listed for sale at $10,900,000.



La Jolla has only a handful of ocean front, beach properties.  This estate on Coast Blvd. is the one you have been waiting for with the beach as it backyard overlooking tide pools and the ocean.















Today's Best Los Angeles Mansion


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The median home value in Orange County is $699,500. Orange County home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Los Angeles County is $595,700. Los Angeles County home values have gone up 8.6% over the past year and Zillow predicts they will rise 3.3% within the next year.

The median home value in Newport Beach is $1,741,900. Newport Beach home values have gone up 5.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Santa Monica is $1,520,800. Santa Monica home values have gone up 9.0% over the past year and Zillow predicts they will rise 3.2% within the next year. 

The median home value in Pacific Palisades is $2,944,500. Pacific Palisades home values have gone up 9.8% over the past year and Zillow predicts they will rise 3.8% within the next year.

The median home value in Malibu is $3,169,400. Malibu home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Bel Air is $3,513,900. Bel Air home values have gone up 6.7% over the past year and Zillow predicts they will rise 3.1% within the next year. 

The median home value in Beverly Hills, 90210 is $5,217,600. 90210 home values have gone up 9.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

#1     617 Georgina Avenue, Santa Monica, CA 90402 with 5 bedrooms, 10 baths and 10,114 sq.ft. is listed for sale at $11,995,000.




Situated near the ocean, this contemporary gem has been impeccably redesigned as the ultimate entertainer's dream. The prominent and extraordinarily stylish façade instantly mesmerizes guests upon entering the home. Inside, the interiors are replete with sumptuous floor-to-ceiling windows, a seamless open floor plan, and the finest details to create a superb flow for entertaining. Between over-sized living spaces with Venetian walls & contemporary chandeliers, a gourmet Chef's kitchen with Miele appliances, and an elegant dining space with soaring walls of glass revealing the tranquil terrace, the main level masterfully showcases the modern marvel's indescribable beauty. A grand sculptural staircase climbs the 3 stories to reveal the generous master suite. The property also includes a large game room, state-of-the-art movie theater, and guest quarters with utility kitchen. The exterior is complete with a pool and spa, BBQ and fire-pit, while the rooftop offers impeccable ocean views. 






















Today's Best San Francisco Mansion


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The median home value in San Francisco County is $1,293,700. San Francisco County home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Marin County is $1,094,700. Marin County home values have gone up 6.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 

The median home value in Santa Clara County is $1,196,600. Santa Clara County home values have gone up 21.3% over the past year and Zillow predicts they will rise 8.5% within the next year.


The median home value in Tiburon is $2,638,200. Tiburon home values have gone up 6.1% over the past year and Zillow predicts they will rise 4.7% 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 $3,010,700. Palo Alto home values have gone up 21.0% over the past year and Zillow predicts they will rise 8.3% within the next year.

The median home value in Los Altos is $3,262,900. Los Altos home values have gone up 17.9% over the past year and Zillow predicts they will rise 7.6% within the next year.     
  
    
The median home value in Saratoga is $2,816,200. Saratoga home values have gone up 18.0% over the past year and Zillow predicts they will rise 7.8% within the next year. 

The median home value in Atherton is $7,257,800. Atherton home values have gone up 16.9% over the past year and Zillow predicts they will rise 7.4% within the next year.

#1     The Estate, Los Altos Hills, CA 94022 with 5 bedrooms, 7 baths and 10,464 sq.ft. is listed for sale at $13,888,000.



Tucked away on just over an acre of sun-swept land, this home is truly inspired resort style living located in the heart of Silicon Valley. Envisioned and built by renowned Peninsula builders and designers, nothing was overlooked in the creation of this relaxed resort style dream home. Every luxury has been accounted for - from the vaulted ceilings, enormous garages, Japanese teahouse style guest house, cinema room with movie theater seating for 9, sprawling lawns, pool fountain, to the pool cabana. Throughout, the living spaces have been meticulously crafted, sophisticated and warm, with fine finishes, hand-selected materials, evoking understated elegance and a luxurious ambiance. Customized gallery lighting overhead blends in dramatically with ceilings that are architectural works of art. Providing a seamless connection with the outdoors are walls of glass overlooking the grounds and glass doors that open out to the terrace where a pool, spa, entertainment cabana, and self-sufficient guest house await. Topping it all off is a close-in location that puts everything needed for the best of Silicon Valley living all within easy reach. At a Glance: * Masterfully crafted architecture, envisioned and created leading Bay Area design firms * Private 1.1 acre parcel (per town records) * Three levels serviced by elevator * 5 bedrooms and 6.5 bathrooms; approximately 10,400 square feet (including guest house) * Library, office, theatre, game room, fitness center, and 2,000 bottle wine cellar * Private and peaceful 1-bedroom, 1-bath guest house * Detached 5-car garage with electric charger and room for lifts for additional vehicles * Beautifully landscaped grounds with small ponds, Japanese garden, and meditative walking paths * Top-rated Los Altos schools: Gardner Bullis Elementary, Egan Middle, Los Altos High (buyer to confirm) * Close-in location just minutes to the Los Altos Village and Palo Alto tech centers.













Today's Best Seattle Mansion

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The median home value in King County is $608,000. King County home values have gone up 15.4% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $727,500. Kirkland home values have gone up 21.3% over the past year and Zillow predicts they will rise 6.9% within the next year

The median home value in Seattle is $718,700. Seattle home values have gone up 16.2% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Bellevue is $881,000. Bellevue home values have gone up 17.5% over the past year and Zillow predicts they will rise 5.8% within the next year.

The median home value in Mercer Island is $1,441,600. Mercer Island home values have gone up 8.1% over the past year and Zillow predicts they will rise 4.0% within the next year. 

The median home value in Clyde Hill is $2,680,500. Clyde Hill home values have gone up 18.3% over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Medina is $2,720,300. Medina home values have gone up 13.0% over the past year and Zillow predicts they will rise 5.8% within the next year.

#1      1637 77th Avenue NE, Medina, WA 98039 with 6 bedrooms, 6 baths and 
8,531 sq.ft. is listed for sale at $7,288,000.


This custom luxury Medina estate is informed by tranquil beauty where unfolding artisan materials combine in alluring alchemy. Seagrass stone, Calcutta marble, Sucapira flooring and LaCanche, are only the top layer of luxury. Stunning and modern finishes, inviting amenities make this your ideal retreat. A rare street to street property located in the golden zone of Medina with great outdoor entertaining spaces. You'll love walking to Overlake Golf course, Medina Beach and award winning schools.























Today's Best Phoenix Mansion


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The median home value in Maricopa County is $252,400. Maricopa County home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Scottsdale is $435,800. Scottsdale home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Carefree is $743,200. Carefree home values have declined -1.0% over the past year and Zillow predicts they will rise 0.4% within the next year. 

The median home value in Paradise Valley is $1,641,900. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1      5829 East Jean Avenue, Phoenix, AZ 85018 with 5 bedrooms, 5 baths and 
7,000 sq.ft. is listed for sale at $6,900,000.



Extraordinary Home situated at the base of Camelback Mt on almost 2 acres, 7000 sq ft with TOP of the line finishes!enter through private auto/electronic gates.front court yard with water feature,gas fireplace,travertine/synthetic grass with Camelback MT. views!!HOPES WINDOWS throughout,solid WALNUT floors, interior doors r solid walnut w/concealed hinges!Chef's kitchen w/wolf appliances.all cabinets r custom walnut with inset doors, custom hood west side of home has work out room,mother-in -law area,LR, private entrance form/din area w/custom temperature controlled wine area.recessed linear vents ,ALL lighting throughout this home is FULL CRESTRON automation,TRUFIG recessed lighting outlets throughout recessed custom linear vents, master closet custom walnut inset cabinets,waterfall edges on all counter tops in bathrooms and kitchen ,spa like steam shower ,electronic shades in master.high end bath room fixtures throughout. Master bedroom has own sitting area w/custom fireplace, powered by Crestron Surround Amp's ,build in walnut shelving with its own exit to the back yard...Kids wing has large living area w/exit to private outside play area with synthetic grass.1 bedroom with private bathroom/walk in closet other 2 bedrooms share the custom designed bathroom Home has 5 gas fireplaces... Resort like back yard with large jacuzzi , putting green,fire pit, heated 56,000 gallon 90%negative edge pool,Crestron custom landscape lightening and back patio gas fireplace and TV. also has recessed heaters in the walnut ceiling ,patio speakers Sonance invisible surround sound .speakers in Main family room and Kids family room also Sonance Invisible Surround Lutron Homeworks outside custom lightening. Back yard built in BBQ, Crestron Landscape path lightening,step lightening,speakers..DSC NEO security sysytem , Camera system PENTAIR IntelliTouch, Pool and Spa CRESTRON . Enterprise network system for internet. Crestron 16x16 video Matris &Crestron controls whole house. HVAC high efficient multi stage Carrier units SEER 24 commercial grade....SO much































Today's Best Colorado Mansion


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The median home value in Denver is $393,900. Denver home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Avon is $587,800. Avon home values have gone up 6.0% over the past year.     

The median home value in Vail is $890,200. Vail home values have gone up 8.3% over the past year.   

The median home value in Snowmass Village is $1,043,900. Snowmass Village home values have declined -0.9% over the past year

The median home value in Aspen is $1,453,600. Aspen home values have gone up 2.6% over the past year.

#1     81 Herron Hollow Road, Aspen, CO 81611 with 6 bedrooms, 7 baths and 
7,862 sq.ft. is listed for sale at $13,900,000.



Re-envisioned by David Easton and remodeled down to the studs in 2003, this classically modern residence has been stunningly recast as a work of art. The expression of architecture-as-art captures the senses, as manifested through the mindful application of the finest materials, lighting and sound. Set directly above a flowing stream, the home basks in its Southern exposure and awe-inspiring views of Aspen Mountain, Highlands, Buttermilk, Pyramid Peak and Mt. Sopris. Custom furnishings, carpets and fabrics, wall coverings, cabinetry and hardware blend into one sophisticated palette, inspired by the Aspen landscape. Multiple private terraces reveal majestic panoramic mountain views.





























Today's Best Florida Mansion






The median home value in Naples 34102 is $602,800. Naples home values have declined -3.9% over the past year and Zillow predicts they will fall -0.1% within the next year. 

The median home value in Palm Beach is $907,800. Palm Beach home values have gone up 7.8% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Key Biscayne is $1,106,500. Key Biscayne home values have declined -6.0% over the past year and Zillow predicts they will fall -4.5% within the next year.

The median home value in Boca Grande is $1,409,600. Boca Grande home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.9% within the next year. 

 #1      4255 Gordon Drive, Naples, Florida 34102 with 3 bedrooms, 4 baths and 
4,037 sq.ft. is listed for sale at $8,600,000.




One of a kind property located on prestigious south Gordon Dr. with approximately 131 ft of big beautiful waterfront vistas and perfectly situated to overlook Cutlass Cove all the way out into Admiralty Bay. Charming house with 4,037 Sq.ft. of living space with features such as wood siding, pine tongue and groove ceiling detail, wood flooring, custom millwork, fireplace and large balcony with water views. Eligible for immediate Port Royal membership as well as the Cutlass Cove Beach Club. The Cutlass Cove Beach Club allows beach access and private tranquility only a short stroll away. Don't miss one of the best opportunities in Port Royal today!    































Today's Best New York Mansion



The median home value in Brooklyn is $769,800. Brooklyn home values have gone up 12.6% over the past year and Zillow predicts they will rise 3.4% within the next year. 

The median home value in Manhattan is $1,396,100. Manhattan home values have gone up 17.7% over the past year and Zillow predicts they will rise 3.9% within the next year.

The median home value in Southampton is $1,507,400. Southampton 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 Bridgehampton is $1,897,700. Bridgehampton home values have gone up 8.2% over the past year and Zillow predicts they will rise 3.1% within the next year

The median home value in SoHo is $2,691,500. SoHo home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.3% within the next year

The median home value in Tribeca is $3,111,100. Tribeca home values have declined -0.6%  over the past year and Zillow predicts they will rise 0.2% within the next year.

#1      101 West 78th Street #4A, New York, NY 10024 with 4 bedrooms, 5 baths and 4,820 sq.ft. is listed for sale at $12,450,000.




Designed by Emile Gruwe and completed in 1886, one hundred and one West 78th Street is a bold and distinctive landmark building located on the corner of 78th Street and Columbus Avenue, directly across the street from its architectural contemporary, the American Museum of Natural History. This turn-of-the-century treasure has been thoughtfully restored and thoroughly modernized to preserve the historical fabric of the building and create an elegant, modern boutique condominium for the 21st Century. Stephen Sills, an Architectural Digest "AD 100" designer, has fashioned the building's lobby, amenity spaces, and a collection of carefully conceived two-to-five-bedroom residences.  This large eight-room residence of four bedrooms, four bathrooms and a powder room includes a 37-foot-long corner living room, a large formal dining room, gracious eat-in kitchen and a library which is convertible to a fifth bedroom. Finished ceiling heights throughout the building measure up to ten and a half feet, while window sizes are ample. 






101 W 78th St Unit 4 A, New York, NY 10024


101 W 78th St Unit 4 A, New York, NY 10024







Today's Best Mortgage Rates.


Mortgage Rates Catch a Break Before Long Weekend

Feb 16 2018, 3:49PM

Financial markets in the US will be closed for President's Day on Monday. Thus, mortgage lenders will not be open, nor will they be accepting locks. Given that mortgage rates took the road less traveled in 2018 and actually moved lower, it's worth having a chat with your mortgage professional if you have a loan in process. 

Of course, many of you may not be reading this until after the lock window has passed for today, so let's take a look at next week's risks and opportunities.  The biggest risk is the same one that's been with us all year.  Simply put, rates have been trending higher in a steady but highly convicted fashion, quickly adding a half a percentage point or more to the average 30yr fixed rate quote.  As we've been saying all year, it doesn't make sense to bet against that trend until it shows clear signs of cooling, and today's modest improvement doesn't cut it.

The opportunity is the same one that's cropped up on several occasions in the past few months.  Rates have generally circled the wagons with 2 stable or stronger days in a row to end the week.  Every time that happens, there's a chance it will grow into a broader show of support.  The emphasis here is on "chance."  It hasn't been a chance worth taking, and the pain of locking too early only to see rates improve is more tolerable than the pain of anticipating a top in rates and being wrong.
52 Week Mortgage Rate Range
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.53%4.57%-0.043.84%4.57%
15 Yr FRM3.89%3.92%-0.033.12%3.92%
FHA 30 Year Fixed4.33%4.35%-0.023.35%4.35%
Jumbo 30 Year Fixed4.53%4.57%-0.044.10%4.60%
5/1 Yr ARM3.49%3.50%-0.012.99%3.50%

Looking for more information?  Have a comment regarding any of today's mansions? 
Please text or email me at 619-944-8749 or furtree@msn.com.   Most importantly have a great day!

Cordially,  

Tom Furino  

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