Thursday, July 26, 2018

Today's Best Mansions: 

#1   2727 Benedict Canyon Drive, Beverly Hills, CA 90210 is reduced for sale from $85,000,000 to $68,000,000.

The median home value in 90210 is $4,955,500. 90210 home values have gone up 8.8% over the past year.  It is predicted they will fall -1.4% within the next year.

The property was home to legendary music icon Cher in the 1970s and was later sold to actor Eddie Murphy. Its current owner acquired the address in 1994 and went on to purchase four adjacent parcels in different waves to form the full 16-acre expanse. It was previously listed in 2016 for $85,000,000.  It is off the famed Benedict Canyon, only minutes from Rodeo Drive and The Beverly Hills Hotel, lies one of the most incredible and secluded compounds with 11 bedrooms, 17 baths and 32,000 sq.ft. in all of Beverly Hills. Behind these amazing gates, is over 14 acres of pure magic that has been accumulated over many years to create the ultimate 5 parcel paradise. Escape from the day to day in this tranquil wonderland. Drive up this magnificent driveway past your 7,000 square foot Moroccan guest house, that has soaring arched windows that disappear into the walls, to give you the indoor/outdoor California lifestyle. Walk over to a stunning tennis court with cabana to watch over the games. From there, roam the grounds where horses and nature trails will take you away. There is a non-finished 20,000 square foot main house with pool overlooking the beautiful landscaping. This is the ultimate equestrian environment with a five deluxe stables; a pair of pristine and white-graveled riding rings lavishly landscaped grounds, and more. 

This gated estate in Los Angeles counts Hollywood stars Cher and Eddie Murphy among its previous occupants.

2727 Benedict Canyon Drive - Interior

Cher Former Beverly Hills Mansion

#2    800 Corte Madera Avenue, Corte Madera, CA 94925 is listed for sale at $25,000,000.

The median home value in 94925 is $1,397,400. 94925 home values have gone up 9.2% over the past year. It is predicted they will rise 2.3% within the next year. 

Iconic Bill Graham 11-acre estate with 7 bedrooms, 14 baths and 13,635 sq.ft. just  miles from S.F. with dazzling views of the SF skyline; Rock n roll history was made here! Designed by renown green architect Sim Van der Ryn, this stunning modern estate has it all: pool, spa, water slide, huge lawn, cabana, music studio/home theatre, regulation racquetball court, and extensive organic gardens & orchard. Spacious 2-bd, 2-bath guesthouse. Why go to Napa, when this estate is minutes away!

#3  50 West Street, PH 58A, New York, NY 10006 is listed for sale at $18,260,000.

The median home value in 10006 is $929,900. 10006 home values have gone up 5.3% over the past year and Zillow predicts they will rise 15.9% within the next year.

Massive Half-Floor Penthouse home with 3 bedrooms, 4 baths and 3,653 sq.ft. features a wall of curved glass windows providing unrivaled panoramic views of East River, NY Harbor, Statue of Liberty, World Trade Center and Manhattan Skyline. 50 West, a 64-story residential tower located in the center of the New Downtown, features unparalleled views of the New York Harbor, the Hudson and East Rivers, the Statue of Liberty, and Ellis Island. Internationally-acclaimed architect Helmut Jahn has designed the approximately 780' skyscraper to feature floor-to-ceiling curved glass windows. The expansive interior layouts, ranging from one to five bedrooms and featuring an array of duplex and double height spaces, were designed and finished by Thomas Juul-Hansen.

50 West St #60A

#4    12198 40th Street S, Wellington, Florida 33449 is listed for sale at $13,500,000.

The median home value in Wellington is $383,200. Wellington home values have gone up 5.4% over the past year. It is predicted they will rise 3.3% within the next year.

A magnificent opportunity to own a one of a kind custom built home located on a 5.5 acre lot with 13,000 sq.ft., 9 bedrooms, 8 full baths and three half baths. This is a beautiful gated Equestrian home located in the heart of Wellington. Indulge in enormous walk-in closets, Marble flooring throughout the entire home. All impact glass windows and doors,home theater (doubles as a safe room and dance floor). As you enter through the impressive front gates,the circular drive paves the way to the portico and you are surrounded by lush landscaping and tropical fruit trees. As you enter the front of the home, you are welcomed by an inviting foyer leading to the main rooms of the home. A Gourmet kitchen with breakfast bar offers granite counter tops, sub-zero refrigerator and Island Kitchen. The property boasts a 1 Acre pond stocked with Tilapia, Koi , Gold Fish and Catfish. The Pond displays a Sparkling Waterfall and a water fountain that replenishes it. 

#5     6811 La Valle Plateada, Rancho Santa Fe, CA 92067 is listed for sale at $8,950,000.

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.

An unrivaled Covenant estate, this 7,400 square foot single family home has 6 bedrooms and 7.0 bathrooms. Rancho Santa Fe's esteemed Covenant enclave creates the ideal canvas on which to display this refined and unparalleled masterpiece.

#6     3444 County Road 5, Fraser, Colorado is listed for sale at $8,000,000.

The median home value in Fraser is $278,100. Fraser home values have gone up 2.0% over the past year

This is an extremely rare opportunity in Grand County. The EE Farms Ranch spreads over 193 acres and is located just 3 miles from Fraser and fewer than 20 minutes from Winter Park Resort. Make yourself at home in the 4 bedroom, 4 bath, 6,620 sq.ft. house with incredible mountain and meadow views, gourmet farmhouse kitchen, wine cellar, hot tub and fully equipped game room with full bar, pool table, shuffleboard, and game table and media areas. The home is located on 35 acres and is ready for all of your farming needs with multiple outbuildings including a large greenhouse, 2 large barns, 3 chicken coops, a stable with riding yard, 3 grain silos, sheds, caretaker apartment and full solar support. The ranch also includes water rights with 4 domestic drilled wells and stretches over the neighboring parcels for a total of over 193 acres. Neighboring parcels are within the Grand County growth area for high density development and can be sub-divided under Grand County''s Sub-ex Guidelines. 

#7      97th Avenue SE, Mercer Island, WA 98040 is listed for sale at $7,750,000

The median home value in Mercer Island is $1,558,200. Mercer Island home values have gone up 12.1% over the past year and Zillow predicts they will rise 8.3% within the next year.

This rare waterfront treasure with 2 bedrooms, 5 baths and 6,895 sq.ft. is like none other. Pristine, ultra-private estate on over ½ acre of lush, manicured grounds.100' stunning waterfront with yacht & seaplane dock. Truly exquisite finish work; like a fine work of art. Reminiscent of a world-class manor, evokes a feeling of timelessness grandeur. Stupendous outdoor living spaces with expansive view decks. Award-winning commercial kitchen, world travel inspired library and movie room. Enjoy 14 car collector's dream & loft or simply expand.

Today's Mortgage Rates

Mortgage Rates Start Steady But End Day Under Pressure
Jul 25 2018, 4:57PM

Mortgage rates began the day in a fairly hopeful way.  Underlying bond markets were just slightly stronger and a few lenders offered modest improvements over yesterday's latest offerings.  Things began to change in the afternoon following news that Trump and the EU's Juncker struck a deal to avert a trade war between the US and EU.

This hurts rates largely because the threat of additional trade tensions is one of the things that's been helping rates.  As such, any development that helps ease trade tensions runs the risk of putting upward pressure on rates. 

Several lenders have already recalled rates sheets and published higher rates this afternoon.  More could join them in the last few hours of business.  While we're not talking about massive changes here, every little bit hurts considering rates are already operating near their highest levels in more than a month.  

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.72%4.72%--3.84%4.79%
15 Yr FRM4.20%4.20%--3.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.50%4.52%-0.024.10%4.81%
5/1 Yr ARM4.00%4.01%-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