Wednesday, July 25, 2018

Today's Best Mansions: 

#1   133 West 11th Street, New York, NY 10011 is listed for sale at $23,000,000.

The median home value in 10011 is $1,770,800. 10011 home values have gone up 0.8% over the past year. It is predicted they will rise 7.6% within the next year


The ultimate West Village home that offers every possible modern and traditional aspect of Townhouse living. This 4 bedrooms, 8 bath, 6,574 sq.ft. newly constructed home is 22 ft. 4 in. wide with 6 levels and over 1,600 sf of outdoor space in its private garden and 2 rooftop terraces. Features of this single family home also include a private elevator, 4 bedrooms with en-suite bathrooms, 4 powder rooms and 2 fireplaces. Additionally, this Townhouse is uniquely set apart with 24 hour concierge and maintenance services,direct access to the private valet parking garage and exclusive membership to the Greenwich Lane's state-of-the-art fitness center, including: a 25 meter swimming pool, whirl pool, steam rooms, golf simulator, and treatment room all managed by The Wright Fit. This Townhouse also enjoys the central garden and reflecting pool, residents' lounge, dining room with chef's kitchen, a luxurious 21-seat screening room, Roto-designed playroom, and bicycle and cold storage. A beautifully landscaped front garden and gate provide a distinguished entrance to the home. Past the painted steel entry door is a foyer with marble mosaic flooring, powder room, a library facing the garden and the formal gallery featuring a handcrafted, sky-lit, oval staircase. The spacious eat-in chef's kitchen is equipped with Wolfe, Miele, and Sub-Zero appliances; featuring custom-paneled cabinetry with grey marble slab countertops and opens to the private garden of this home through a state-of-the-art, floor-to-ceiling, glass NanaWall. The second level is a classic parlor floor with formal dining room and expansive living room with marble fireplace. The luxurious master suite occupies the entire third floor including a wood burning fireplace, banks of generous closets, a private dressing room, and a windowed, marble-clad master bathroom. The fourth level has three secondary bedrooms with en-suite baths. The fifth level features a powder room, and north and south facing private terraces and a gas grill. Additional features include: custom millwork and light fixtures designed by Thomas O'Brien, laundry chute to cellar level, utility room with sink, dark-stained hard wood floors, and four-pipe HVAC system with zoned climate control for maximum year-round flexibility. 

#2    421 North Salrair Avenue, Los Angeles, CA 90049 is listed for sale at $19,500,000.

The median home value in 90049 is $2,697,800. 90049 home values have gone up 6.2% over the past year. It is predicted they will rise 4.4% within the next year.

Spectacular ocean view private architectural compound with 6 bedrooms, 9 baths and 
8,837 sq.ft. is on rare street-to-street lot with approx. 250 ft of frontage. Enter thru a gated spacious circular motorcourt to this newly remodeled and expanded home with huge spacious yard and sprawling indoor/outdoor entertaining space for large events. Large inviting living room and dining room all opening with french doors to impeccable landscaped yard and courtyards. Chef's eat-in kitchen with family room open to beautiful deck for outdoor DINING.

#3   6545 Redwood Retreat Road, Gilroy, CA 95020 is listed for sale at $15,000,000.  

The median home value in 95020 is $795,900. 95020 home values have gone up 15.8% over the past year.  It is predicted they will rise 12.0% within the next year.

Just south of Morgan Hill, a few miles from Watsonville Road and on the Santa Clara Wine Trail, is the turn off to Redwood Retreat Road and the way to Bates Ranch Vineyard. This 6 bedroom, 7 bath, 4,144 sq.ft. residence on 932 acres was once a historic stagecoach trail leading to the tranquility of the country, and a haven for poets and writers. The feeling of leisure begins when you have left the broad striped highway for a more humble road as written in A Cabin in the Hills by Allan R. Bosworth many years ago. Today, that haven still exists in the bucolic  Bates Ranch, which has been in the same family since the late 1950s. A beautifully preserved William Wurster designed main house watches over the park setting, surrounded by heritage oaks and serene gardens that greet you as you pull up the classic gravel drive. A number of settings await your new dream home. These private lands and vineyards await the next steward who values the opportunity to enjoy a week-end retreat, a summer place or full-time ranch.  

#4  225 Mocking Bird Trail, Palm Beach, Florida 33480 is listed for sale at  $7,195,000.

The median home value in 33480 is $682,000. 33480 home values have gone up 7.5% over the past year. It is predicted they will rise 6.8% within the next year.

Idyllically located on a quiet street in the desirable North Beach section of Palm Beach, this 5 bedroom, 6 bath, 4,199 sq.ft. estate home has been completely renovated including a new second-floor addition. Masterfully designed interior by Bungalow Design dominated by soothing hues of white creating an oasis of calm tranquillity. Custom built using the finest materials, craftsmanship and mill work, the first floor hosts a grand entrance leading into expansive living and dining areas flowing seamlessly into a family room and delightful top line designer kitchen. A first-floor master wing and an additional wing with two en-suite bedrooms grace the main floor with two additional guest suites on the second floor. This North Beach location includes a private beach pavilion and Intracoastal lake trail access. 

#5    173 South Fairway Drive, Avon, Colorado 81620 is listed for sale at $6,200,000.

The median home value in 81620 is $649,900. 81620 home values have gone up 7.6% over the past year and Zillow predicts they will fall -4.2% within the next year.     

Discover the magic of this private location 5 bedroom, 7 bath, 6,686 sq.ft. estate within Beaver Creek Resort, nestled along the Creek and 3rd Fairway yet within a magnificent forest of Blue Spruce on over half an acre. Multiple decks and a wall of windows across the back of the home allows one to soak in the magic setting, high in the trees. The 5 bedroom residence has been completely remodeled to the highest level of detail and offers indulgences such as a cinema room, game room and separate catering kitchen.

#6   311 W Highland Dr, Seattle, WA 98119 is listed for sale at $5,850,000 

The median home value in 98119 is $964,900. 98119 home values have gone up 13.5% over the past year.  It is  predicted they will rise 6.8% within the next year.

Rare legacy estate with only 2 owners since 1934. This magnificent Mediterranean with 5 bedrooms, 5 baths and 6,234 sq.ft. is located on the highly esteemed South Slope. Panoramic views of Space Needle, skyline, Mt. Rainer, Sound from all 3 levels. Timeless romantic style and authentic elegance invigorate the home with warmth. Stucco walls, 8-panel doors, arched doorways imbue an old-world flavor. Luxurious updates, entertaining spaces. Master suites on both main and upper. Daylight lower. View deck overlooks pool, patios, lush gardens.

#7   16964 Circa De Notre, Rancho Santa Fe, CA 92067 is listed for sale at $5,500,000.

The median home value in 92067 is $2,803,200. 92067 home values have gone up 0.2% over the past year.  It is predicted they will rise 0.2% within the next year.


Captivating panoramic views, stunning architecture, an immaculate interior, and prime location within coveted guard-gated Fairbanks Ranch make this 4 bedroom, 6 nath, 6,748 sq.ft. estate one that dreams are made of! Designed by acclaimed architect Allard Jansen and masterfully constructed by Oakhurst Builders, this exquisite Italian Villa exudes quality and timeless style. The heart of the home is a spacious great room, including a professionally-designed kitchen, breakfast nook and family room with rich hardwood floors, gorgeous custom cabinetry and multiple doors and windows framing the stunning vistas. Entertain guests in the charming formal living and dining rooms, each with custom fireplaces, lovely ceiling detail and French doors leading to intimate patios with bubbling fountains. A luxurious master suite, gym, and library complete the entry level. Upstairs you''ll find three more bedrooms, each with their own full bath, walk-in closet and flagstone balcony. A unique detached tower adds an inviting ground-level loggia with stone fireplace, a temperature-controlled wine cellar and tasting room below, and a well-appointed office above, taking maximum advantage of the never-ending views. The tranquil infinity-edge pool and spa, trellis-covered flagstone patios, and gardens with lush, mature landscaping - most of which is drought tolerant - complete this exquisite property

Today's Mortgage Rates

Mortgage Rates Continue Higher Despite Market Stability
Jul 24 2018, 5:26PM

Mortgage rates rose again today, even though underlying bond markets managed to indicate modest improvements.  There are two reasons rates ignored those improvements.  First of all, they weren't really intact at the beginning of the day when lenders were compiling rate sheets.  Even then, most lenders were still in worse shape at the end of the day when bonds gave them the green light to offer lower rates. 

The other issue is that lenders had almost all repriced negatively in the middle of the day yesterday, and they did so before the bond market losses had run their course.  Markets have to move by a certain amount for the average lender to go to the trouble of changing rates in the middle of the day.  If markets don't move enough to prompt mid-day reprices, the direction of the movement is often reflected in the following day's rates.  That's why this morning's rate sheets were noticeably worse than yesterday's. 

While the market stability is a potential early indication that this rate spike has run its course, it's too soon to bank on it.  There are past examples where we've had a quick little market recovery like today only for things to get worse in subsequent days.  That may not happen this time around, but that fact that it has happened (and COULD happen again) is enough to suggest caution. 

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.72%4.70%+0.023.84%4.79%
15 Yr FRM4.20%4.18%+0.023.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.52%4.52%--4.10%4.81%
5/1 Yr ARM4.01%4.00%+0.013.10%4.02%

The Top Luxury Real Estate Markets with Medium Home Values

Zip Code     Location                        County                   2017 Medium Sale Price

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Tom Furino