Friday, July 20, 2018

Today's Best Mansions: 

#1   1313 West Buttermilk Road, Aspen, Colorado 81611 is listed for sale at $25,000,000.

The definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 8,000 square feet. Mega Mansion range from 20,000 sq,ft. and Super Mansions over 50,000 sq.ft. Until the mid 20th century most "mansions" would have a hall, two or three salons or drawing rooms, library, billiards room, ball room, dining room, breakfast room, morning room, study and numerous bedrooms but only 2-3 bathrooms. 

Explore the truly extraordinary, at Buttermilk Ranch. This legacy property comprises stunning acreage and an awe-inspiring, 5 bedroom, 6 bath, 7,855-square-foot residence just 3.5 miles from downtown Aspen. Features include 5 bedrooms, an open floorplan, gourmet kitchen, massive entertainment room, and full gym. From the living areas, enjoy breathtaking views of all 4 ski areas, replete with rolling pastures, wildflower fields, open meadows, and aspen groves. The hot tub and expansive patio are the perfect place to enjoy incredible views of Snowmass Mountain, Mt. Daly, the Upper Roaring Fork Valley, and vibrant sunsets. This is a one of a kind Aspen legacy property.

#2   77 Oregon Road, Bedford Corners, NY is listed for sale at $29,995,000.  

Gated & set up on a hill in one of the most sought-after estate areas of Bedford & featuring a breathtaking countryside vista stretching well into the Hudson Valley, this beautiful brick Georgian estate is unrivaled. An unsurpassed level of luxury and style, light-filled spaces feature custom millwork, wide hardwood floors, beautiful paneling, high ceilings & graceful archways. Broad entry w/dramatic staircase; a living room opening to a brick conservancy & covered terrace; a paneled library, expansive chef's kitchen & family room w/ fireplace & light-filled galley-walk stepping up to a gabled rec room & garden room w/brick floor all create a perfect setting. 2nd floor master w/raised paneling, fireplace, balcony & marble bath w/dressing closets. With an added 3 suites, it creates an addtl 7 bedrooms. Guest house; pool; cabana w/fireplace, bar area & changing room; tennis court & putting greens. Maple, apple, pear trees complement grounds & create an incomparable estate setting.

#3   3 Harbor Island, Newport Beach, CA 92660 is listed for sale at $18,000,000.    

Located on the prestigious, gated Harbor Island, this meticulously remodeled 4 bedroom, 7 bath, 8,765 sq.ft.residence is one of just thirty homes on the most exclusive and prestigious enclaves in all of coastal Orange County. A grand, two-story, sweeping spiral staircase greets guests and opens to the sunken living room with grand fireplace and an impressive, bespoke Onyx bar, fully equipped with extensive cabinetry for glass and bottle storage, refrigerator, and bar sink. The newly remodeled kitchen is fully equipped with three ovens, multiple refrigerated beverage drawers, freezer drawers and built-in refrigerator/freezer. The kitchen opens to a beautifully wood paneled family room. The master suite features beautiful waterfront views from the new windows and balcony, two interior sitting areas, and a romantic fireplace. Three remodeled bedroom suites, and an exercise room complete the second floor. The subterranean level has been completely updated with newly sealed sea wall and is ready to for your own touches to create a theater, game room, or wine cellar. This level also features a cleverly appointed wrapping and craft room, a guest bathroom and remodeled laundry room. New retractable living room doors open to the brick patio, sparkling pool and spa, grassy area, and private pier and slip, which will accommodate up to a 65ft vessel and a smaller Duffy. Three Harbor Island is a rare opportunity to enjoy waterfront living on the most exclusive location on the bayfront. Come home to Harbor Island. 

#4   West San Marino Drive, Miami Beach, Florida 33139 is listed for sale at $13,900,000.  

Contemporary Bali style custom home with 6 bedrooms, 6 baths and 6,233 sq.ft. has highly sought after downtown SW sunset views. Large master bedroom with spacious outdoor patio. New outdoor kitchen and large outdoor dining table. This home built for entertaining grand living room space and with four spacious outdoor entertaining areas. Pie shape lot with over 100 feet of waterfront. Infinity pool with hot tub and pagoda. Jet ski lift and dock. This stunning home to be seen to be appreciated!

#5   1230 Oakwood Lane, Saint Helena, CA 94574 is listed for sale at $7,125,000.  

Contemporary living in this St. Helena home on 6 private acres near Meadowood CC. Main level has Master Suite, Chef's Kitchen, Living/Dining. 4 additional en suite Bedrooms; Media/Entertainment room w/Bar, Large Wine Cellar. Numerous outdoor Patios, Decks, Cabanas & Infinity Edge Pool take advantage of the Stunning Views. Outdoor Kitchen/Dining, 3 car garage, Elevator. The ultimate Wine Country entertaining home.

#6   8360 La Jolla Drive, La Jolla, CA 92037 is listed for sale at $4,200,000.

Recently built 2013 home with 4 bedrooms, 4 baths and 3,769 sq.ft. boast a detached 1 bed, 1 bath, full kitchen GUEST HOUSE. Approximately 400 sq ft of modern amenities with private entrance. Sliding doors opening off living space to a grassy green space and patio. Perfect for Nanny or in-law quarters. Home includes approximately 850 additional sq ft included in the floor to area ratio. Boundless opportunities to enlarge this homes interior space or enhance existing space already wired for audio and TV. Elevator opens to patio with 360 D views.  

#7   1521 2nd Avenue, #3301, Seattle, WA 98101 is listed for sale at $3,400,000.

You will never tire of the magnificent views of ferries, Cascade Mtns, Seattle skyline & stellar sunsets over the Olympics. One of the most expansive kitchens, spa bath, hardwoods, pantry, custom cabinetry, storage/2 parking sps/charging. 24-5 star concierge, rooftop, BBQ, gym, yoga studio, kids room, dog lounge & proximity to Pike Place Market. Option to secure work studio & wine cellar.


Today's Mortgage Rates

Mortgage Rates Back to Flat After Starting Higher
Jul 19 2018, 2:53PM

Mortgage rates had a scare today, as they began the day at their highest levels of the month (depending on the lender) only to fall back in line with yesterday (or better!).  The reason for the back-and-forth movement has to do with esoteric behind-the-scenes stuff in the bond market.  I should be able to make it tangible enough for you, so let's give it a shot.
Bonds are the backbone for all interest rates.  The bonds that underlie mortgages tend to move almost exactly like 10yr Treasury yields.  Treasuries are a great case study to follow when it comes to rates because they are abundant, more actively traded, and essentially risk-free.  That risk-free part is important because it means Treasuries can be used as a benchmark to assess the value of other bonds that aren't guaranteed by the full faith and credit of the US government (note: I realize that "full faith and credit of the US government" might not sound like a big deal to everyone, but in the bond world, it's as risk-free as it gets).

With all of the above in mind, it makes a lot of sense for MBS (the mortgage-backed-securities dictate mortgage rates) to move when the comparable Treasury security moves.  That means we don't necessarily need to be near any important levels in MBS in order to see interesting movement, as long as Treasuries are near interesting levels.

That was the case today as the 10yr Treasury yield (the most widely-accepted benchmark against which MBS are measured) broke above a key short-term ceiling.  When yields break such ceilings, it can serve as a sign for traders to keep pushing rates higher or as a sign that they've pushed enough and can now buy bonds again, thus bringing rates lower.  In today's case, the ceiling prompted buying.  Long story short: rates began the day in higher territory due to lingering weakness from yesterday, but as bonds improved, most lenders offered pricing improvements that brought rates back in line with yesterday morning's levels.

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.64%4.64%--3.84%4.79%
15 Yr FRM4.14%4.14%--3.12%4.22%
FHA 30 Year Fixed4.37%4.36%+0.013.35%4.50%
Jumbo 30 Year Fixed4.51%4.52%-0.014.10%4.81%
5/1 Yr ARM3.97%3.96%+0.013.10%4.02%

The Top Luxury Real Estate Markets with Medium Home Values

Zip Code     Location                        County                   2017 Medium Sale Price

Thanks for reading Today's Best Mansions. Today's Best Mansions has been read by over 150,000 individuals!  Check it out everydayat :

Looking for more information?  Have a comment regarding any of today's mansions?  Please email me at  Most importantly have a great day!


Tom Furino