Monday, February 19, 2018


Today's Best Mansion.


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


#1      706 North Canon Drive, Beverly Hills, CA 90210 with 7 bedrooms, 7 baths and 10,888 sq.ft. is listed for sale at $23,800,000.

 


Distinguished 10,000+ square foot Mediterranean style residence designed by architect Peter Choate, available for only the second time in over 60 years. Extremely rare double lot of approx. 1.2 private, park-like acres in the heart of the Beverly Hills flats. Property includes a guest house, swimming pool, lighted sports court, large gated courtyard entry with magnificent trees and fountains. Open plan interior with lustrous wood floors and wide views onto tranquil gardens. Gorgeous exposed-beamliving room; formal dining with coffered wood ceiling; handsome great room with dramatic double-height truss ceiling, fireplace, wet bar, loft. Entertainer's kitchen has breakfast area, center island, stainless appliances, and butler's pantry. Private screening room has hand-painted ceiling. Glamorous master with fireplace, palatial bath, walk-in closet. Gym with private bath and sauna. Majestic yard has fruit trees, rose garden, broad lawn, and flowering vines. A masterpiece of refined style. 
























Today's Top Real Estate News


U.S. Luxury Prices Return to ‘Normal’.  Miami and Park City, Utah, are buyers’ markets, San Francisco and Seattle are for sellers.

By Becky Strum
Mansion Gobal





1750 92nd Avenue NE,  Bellevue WA with 5 bedrooms, 5 baths and 7,716 sq.ft. in one of the fastest-moving luxury markets in the country, is selling for $12.880,000. This Clyde Hill elegant trophy residence-takes its place among the great estates of the Northwest. Private gated entry opens to the sprawling shy 1.5 acre grounds overlooking Seattle skyline, Lake Washington, and the Olympics. 

U.S. luxury markets have entered a “new normal” of subdued price growth after eight years of frenzied appreciation post-recession, according to a report Tuesday by Coldwell Banker Global Luxury.

Across nearly 50 U.S. markets, there are signs of slower, more sustainable growth ahead, according to data covering the top 10% and top 5% of sales in 2017. The report underscores high-end price stabilization that Mansion Global has previously reported in markets including New York and Los Angeles.

“The luxury real estate market led the general housing market out of the global recession, and during that explosive upswing, we saw some of the largest year-over-year price gains ever,” said Diane Hartley, general manager for The Institute for Luxury Home Marketing, Coldwell Banker Luxury’s partner in data collection for the report.

“Now we are simply seeing a return to a more typical pricing and sales paradigm—especially for single-family detached properties,” Ms. Hartley added.

Buyers’ markets

For some major metropolitan areas, talk is more of softness than of stabilization. In cities such as Miami and Park City, Utah, wealthy buyers are benefiting from oversupply and negotiability.

Coldwell Banker and the Institute for Luxury Home Marketing looked at metrics like new listing inventory, list-to-sales-price ratio and days on market to identify the top cities where buyers have the upper hand in luxury transactions.

Despite strong activity in South Florida, well-heeled buyers are likely to have an edge in Boca Raton and Delray Beach, Florida, as well as in Miami proper. Many snowbirds flocking from the Northeast, Canada and even California benefit from comparatively cheap luxury homes in Florida.

“The majority of our buyers are moving from the Northeast and California, where they’re accustomed to paying up to $3,000 to $4,000 per square foot,” said Jonathan Postma, sales associate at Coldwell Banker Residential Brokerage in Boca Raton, in the report. “Here, they can find brand-new construction and fully furnished properties for around $1,000 per square foot.”

For ski bunnies, Park City is one of the nation’s top luxury buyer markets. And sun worshippers have the upper hand in the Santa Barbara, California, and Scottsdale, Arizona, markets, according to the report.

Sellers market

A handful of U.S. luxury markets have too little inventory to meet demand, causing bidding wars and giving sellers the upper hand.

Such is the case where industry is hot and companies are attracting and spawning new millionaires to an area. Take Silicon Valley, where the average luxury condo sold for nearly 8% more than the asking price in 2017.

“The No. 1 factor is obviously the huge number of well-paid tech workers and executives,” said Brett Caviness, a sales associate at Coldwell Banker Residential Brokerage in Menlo Park, in the report. “There is also a large number of buyers from Asia and Europe with greater financial resources than local buyers who are looking at their purchase for long-term appreciation.”

In Seattle, the median luxury single-family home was on the market for less than a week and a half, one of the fastest markets in the country.  Sellers are also benefiting from a friendly market in San Francisco, Nashville, Tennessee; and Denver, according to the report

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      16250 Rambla De Las Flores, Ranco Santa Fe, CA 92067 with 5 bedrooms,  
8 baths and 12,553 sq.ft. is listed for sale at $8,000,000.



Extraordinarily elegant single-level Mediterranean inspired estate located in the highly desired Rancho Santa Fe Covenant exudes sophistication, refinement & luxury. Through regal gates, enter this tranquil, private sanctuary replete with beautiful fountains, cascading waterfalls to the pool/spa & multiple private courtyards. With $3M in upgrades recently lavished on the inside & out of this magnificent home, no expense was spared in the attention to detail, from the chef's kitchen/wine cellar to the most intricate features.
















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      19 Needle Grass, Irvine, CA 92603 with 5 bedrooms, 8 baths and 10,193 sq.ft. is listed for sale at $10,995,000.

 

One of Shady Canyon's finest custom properties,this estate melds the romance of a timeless European estate with modern luxuries; blending vintage finishes with a floor plan designed for contemporary living. Here, on the highest promontory in Shady Canyon, your gaze is drawn across scenic hills to city lights and the Pacific. Flowing effortlessly from one to the next, the large, airy rooms feature massive windows and glass doors with lovely views. An appealing palette of light neutral tones - matte Venetian plaster, reclaimed wood beams, tumbled stone, white oak floors - evokes the warm, sunlit beauty of the Italian countryside and creates a relaxed, welcoming ambiance. Entertain in spacious rooms - dining room, great room, living room, gallery, wine room - all of which open to the central courtyard with fireplace, the large-scale heated loggia with fireplace, or the enchanting gardens with centuries-old olive trees. Five bedrooms, eight bathrooms include a serene master wing with spectacular views, spa bath suite, expansive dressing room and private terrace. Other highlights include chef's kitchen, full secondary kitchen, tower studio + loft, infinity pool/spa, open-air pool house, 4-car garage with private gated drive, on a quiet, single-loaded lane. 






















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      47 Chenery Street, San Francsico, CA 94131 with 10 bedrooms, 11 baths and 9,966 sq.ft. is listed for sale at $10,250,000.

 


Set on one of the largest private lots in the City, this extraordinary estate features a unique Neo Classical- style main residence with a double staircase leading to one of the most grand-scale rooms in San Francisco, a huge indoor swimming pool with retractable glass roof and stunning view of the Skyline, Bridge and City. Surrounded by extensive park-like grounds dotted with sculptures, classical lamp-posts, murals and other art pieces, this one-of-a-kind compound includes a separate three-unit building, cottage, and parking for up to 15 cars (zoned as four condominium units- w/ income of $20,777.34/month). With it's colorful history and larger-than-life scale evocative of Tales of the City - this is truly Quintessential San Francisco!


















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      70 Cascade Ky, Bellevue, WA 98006 with 4 bedrooms, 5 baths ad 4,960 sq.ft. is listed for sale at $5,488,000.


Positioned on one of the most coveted streets in Newport Shores sits this architecturally amazing estate size property sprawling over 1.6 acres of lush and level grounds. This lakeside retreat offers 110ft of prime SW facing Lake Washington waterfront with endless views and savory sunsets. Still want more? Plans have been permitted for a new construction manse that will elevate the status of this lot and command your attention. Live now, build later. Take in all the wonders of lakefront living.



















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       41817 North Stone Cutter Drive, Scottsdale, AZ 85262 with 5 bedrooms, 7 baths and 6,533 sq.ft. is listed for sale at $3,200,000.


Welcome to a destination resort style community second to none. This residence provides you a blend of traditional luxury and modern convenience. Enter via the artisan canterra door and enjoy breathtaking views and fine attention to detail. A fortunate family will enjoy high end luxury finishes and unexpected extras such as solar power, climate controlled garage, an outdoor private shower and 3 discrete laundry spaces. Enjoy open air indoor and outdoor living with approx. 50 lineal feet oftelescoping window walls accessing thousands of square feet of covered and uncovered patio with negative edge pool/spa and firepit. Guests will love the The two BR two Bath guest house with great views and separate entrance.






























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      2083 Day Break Ridge Road, Avon, CO 81620 with 6 bedrooms, 10 baths and 10,564 sq.ft. is listed for sale at $13,995,000.



Opportunity to own a true trophy property on the mountain with perfect ski-in/ski-out access. Amazing backyard to rival any within the Vail Valley with 2 fire pits, water feature, extensive landscaping. Great interior/exterior spaces remodeled to create perfect entertaining options. Grand great room with massive trusses framing the Gore Range. Plush bedrooms, spa-like bathrooms, game room, chef's kitchen, central a/c, humidification, 4-car garage, all in this rare and special mountain home.

























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      1510 West 25th Street, Miami Beach, Florida 33140 with 6 bedrooms, 9 baths and 10,100 sq.ft. is listed for sale at $26,000,000.


Progressive thinking & sophisticated design curated for island living. This idyllic sanctuary designed by Max Strang with interiors by Michele Bonan takes bold risks by standing taller than the rest. Setting the new standard in sustainable, architecturally significant homes with 40’ of elevation, this is the house of the future in Miami Beach. A home encompassed with glass, teak & stone, Canal House was inspired by its natural landscape boasting an entryway surrounded by reflective ponds & gardens. Situated just off Miami Beach, located on the exclusive Sunset Island, this estate embraces & celebrates its ever changing surroundings, ensuring its grand vision can be enjoyed for generations to come.  



             



1510 W 25th St, Miami Beach, FL 33140

Today's Best New York Mansion


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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      150 Reade Street, New York, NY 10013 with 5 bedrooms, 7 baths and 6,685 sq.ft. is listed for sale at $12,500,000.

 

Great estate situated on a quaint Tribeca enclave between Hudson and Greenwich streets, is an impeccably designed 6-story townhouse with finished cellar level amassing over 6600 square feet. Renovated by Manhattan-based SP Wong Architects, this spacious home has 5 bedrooms, 6.5 bathrooms, an elevator, Nublado marble stone floors, and several private outdoor areas including a finished roof deck with southern views of One World Trade.The first floor massive chef's kitchen is equipped with professional grade appliances and beautiful glass tread staircase leading to the dining room.The second floor consists of a double-height living room with wood-burning fireplace and a beautiful view on to Reade Street as well as a formal dining room complete with an outdoor dining area. There is a private master bedroom floor, plus 4 additional bedrooms. All in perfect move-in condition.

















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. 

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!