Saturday, July 28, 2018

Today's Best Mansions: 

#1   296 Gray Head Lane, Telluride, Colorado 81435 is listed for sale at $27,500,000.

The median home value in 81435 is $861,400. 81435 home values have gone up 5.3% over the past yea. It is  predicted they will fall -0.8% within the next year.

Sunset Ridge's sense of arrival can only be described as awe-inspiring - cliff-side, on a private peninsula with a breath taking mountainous panorama. The 7 bedroom, 10 bath, 11,835 sq.ft residence's bold, yet simplistic, linear architecture naturally draws a first time visitor to a glass, entryway door offering a first hint of the refinement of finishes and viewscape beyond. The owner along with the renowned Aspen architect, Bill Poss, have artfully designed a residence that not only frames the view, but seemingly integrates the mountains as an intrinsic element to the structure. Overlooking a pond reflecting the mountain peaks beyond and fed by a cascading stream running beneath the master suite bridge over waterfalls to the pond below, finishes and appointments were painstakingly and globally sourced by the design team.

#2    17141 Collins, Avenue, #2801, Sunny Isles Beach, Florida is listed for sale at $18,900,000.

The median home value in 33160 is $345,900. 33160 home values have gone up 4.9% over the past year. It is predicted they will rise 5.5% within the next year.


The Muse Residences, Ultra Exclusive Boutique Building. Offering Amazing Panoramic Direct Ocean & Skyline Views. Unit features 7 Bedrooms 8 Baths  and 7,534 sq.ft.Open Floor plan 14'foot ceilings. Natural lighting encompasses entire unit. Floor plan is two units combined into one, redesigned by one of the top Interior Design Firms in Florida TROY DEAN INTERIORS to be completely finished by the end of October. Unit includes 5 valet parking spaces, wine storage & 2 private elevators.

#3   1375 Beverly Estate Drive, Beverly Hills, CA 92101 is listed for sale at $15,900,000. 

The median home value in Beverly Hills is $3,480,500. Beverly Hills home values have gone up 9.8% over the past year. It is predicted they will fall -1.1% within the next year.

1375 Beverly Estates Dr, Beverly Hills, CA 90210

This extremely private gated Estate was Liz Taylor's former residence she shared with second husband, British actor Michael Wilding. It features 6 bedrooms, 7 baths and 7,781 sq.ft. with exceptional ocean views,  a large car parking area and three-car garage, open patio, fountain courtyard, four fireplaces, art studio, atrium and guest room/maid quarters. There's also a large office  Built in 1953, the six-bedroom, seven-bath property offers sweeping views of downtown Los Angeles, the Pacific Ocean and the valley below. The secluded 52,919-square-foot estate basks in the backdrop of palm trees, zen landscaping, and the glow of a panoramic pool and spa. This estate was also previously owned by Eddie Murphy. The current owners (who bought the home for $2 million) tapped architect Budd Holden (who designed estates for A-list celebrities like Barbra Streisand and Cher in the 1980s and 1990s) to update interiors with geometric bedrooms, a wood-framed living room, coffered ceilings, floor-to-ceiling windows, wood paneling, and a new kitchen. The estate awaits new Owners to complete the renovations.


1375 Beverly Estates Dr, Beverly Hills, CA 90210

1375 Beverly Estates Dr, Beverly Hills, CA 90210

Dining room

1375 Beverly Estates Dr, Beverly Hills, CA 90210

#4   550 West 29th Street, PH, New York, NY 10001 is listed for sale at $12,500,000  

The median home value in 10001 is $2,151,200. 10001 home values have gone up 0.9% over the past year and Zillow predicts they will fall -1.1% within the next year.

A breathtaking expanse of sky and Hudson River views greet you upon entering Penthouse B at 550 West 29th Street. Spanning 3,290 square feet of light filled interior space, and an exquisite 541-square-foot private terrace, this one-of-a-kind, 4-bedroom, 5 bathroom duplex residence is the culmination of architect Cary Tamarkin's vision for this boutique new development. The keyed elevator opens directly into the private foyer leading to light a flooded and dramatic double height living and entertaining area that is wrapped in a cascade of casement windows. The dining room is elegantly separated by a gas fireplace, while the terrace is perfectly situated adjacent to both the living and entertaining area, and a separate den or bedroom which includes an en-suite bath. The large, custom-designed, eat-in chef's kitchen is also wrapped in windows and is finely appointed with custom milled, European Oak cabinetry, elegant Pietra Cardosa countertops, and top-of-the-line Wolf, Sub-Zero and Miele appliances. A separate pantry and wet bar complete the spectacular kitchen and dining area. Terminating in a sky-framing window, a gracious stair draws you to the upper level with its dynamic cat-walk. The master bedroom and two additional bedrooms, all with en-suite bathrooms, complete the upper floor which affords more captivating views of the river and this truly unique Penthouse residence.

#5   1291 Felder Road, Sonoma, CA 94756 is listed for sale at $7,200,000.

The median home value in Sonoma is $736,200. Sonoma home values have gone up 6.0% over the past year. It is predicted they will rise 7.5% within the next year.

Exclusive wine country compound with two state-of-the-art residences exemplifying extraordinary design and indoor/outdoor living. Both homes offer 3 bedrooms, 4 baths and 5,777 sq.ft. with dramatic views, green design, Smart-Home technology, and modern luxury amenities. Technology includes whole house AV system, Lutron lighting, security, HVAC, pool and solar accessed and controlled via smart devices. Completed in 2018, Residence One features dramatic reflecting pools and rock fountain entry. Greatrooms soaring ceilings showcase dramatic views through Schuco windows and sliders. The space also includes wine room, dining area, chefs quality kitchen, and breakfast nook. Top of the line Meile appliances, custom cabinetry and quartz counters are some of the luxury amenities thoughtfully chosen for this kitchen. The Master suite overlooks the pool and hills beyond. Large dressing room has custom cabinetry and rain-sensing skylights. Master bath includes illuminated Vitraform double vanity, Bain Ultra bath with hot air jets and aroma cloud/light therapy, walk in shower, and radiant underfloor heating.The saltwater pool uses a heat pump for a longer eco-friendly swim season. The courtyard includes a spacious recreation studio, with indoor-outdoor fireplace and infrared sauna, and fully outfitted outdoor kitchen. Residence Two features many of the same materials and Smart-Home systems as Residence One. Ten foot ceilings, oak and concrete polymer flooring, central vacuum, Octal fireplace, wrap around decks, and two fountains. The kitchen features Thermadore and Miele appliances, custom cabinetry, Italian tile and quartz counters. Master suite includes an enviable bathroom with Duravit spa bath and walk in shower. Although zoned for one bedroom, it lives like a three bedroom home, plus office and lounge.This private estate consists of two luxury residences on separate lots behind shared gates located minutes from the historic town of Sonoma, and 45 minutes from San Francisco. 

#6      9519 La Jolla Farms Road, La Jolla, CA 92037 is listed for sale at $6,490,876.

The median home value in La Jolla is $1,649,100. La Jolla home values have gone up 1.5% over the past year.  It is predicted they will rise 2.1% within the next year.

#7     6610 East Mercer Way, Mercer Island, WA 98040 is listed for sale at $5,650,000.

The median home value in 98040 is $1,569,900. 98040 home values have gone up 11.1% over the past year and Zillow predicts they will rise 7.4% within the next year.

WOW! Rare Opportunity to own 173 feet of waterfront with expansive Lake Washington views! Take in the spectacular views from the existing 4 bedroom, 3 bath,2,530 sq.ft.  Mid-Century Modern or build new Prestigious Properties! Fantastic investment opportunity ~ Over 1 acre of level PRIME LAND, Sub-Dividable for 2 or 3 lots! Water-ski from your upgraded dock, entertain on your Yacht, or stargaze on your Private sandy beach. Enjoy spectacular Views of City Skyline, VMAC (Seahawks camp), and Mount Rainier. Quiet Island Living close to all of the amazing amenities that Seattle & Bellevue have to offer! Buyer to verify all information 

Today's Mortgage Rates
Volatility Could Return Next Week For Mortgage Rates
Jul 27 2018, 6:56PM

Mortgage rates were unchanged today, making for an anticlimactic end to a week that saw the sharpest rise in months.  The lack of movement was all the more interesting considering the bond market's reaction to this morning's GDP data (bonds dictate rates). 
Even though GDP came in at 4.1%, markets were widely prepared for such strength.  Paradoxically, bonds improved, but only moderately.  Even so, bond market improvement typically helps rates fall.  Today was a bit of an exception for 2 reasons.  First, bonds lost ground yesterday afternoon, but not enough for most mortgage lenders to raise rates in the middle of the day.  As such, they were left to begin today at a slight disadvantage. Beyond that, the bonds that underlie mortgages specifically didn't improve as much as US Treasuries.

Next week brings a slew of important economic reports and calendar events including the big jobs report and a policy announcement from the Fed.  While the Fed isn't expected to make any changes to rates, Fed Chair Powell will be holding a press conference.  This will give him a chance to address market speculation about the President's recent comments on Fed policy and the need for low rates.

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.72%4.72%--3.84%4.79%
15 Yr FRM4.19%4.19%--3.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.50%4.50%--4.10%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