Wednesday, August 1, 2018

Today's Best Mansions: 

#1   1802 Ocean Front, Del Mar, CA 92014 is listed for sale at $21,980,000.    

The median home value in 92014 is $1,817,400. 92014 home values have gone up 2.7% over the past year and it is predicted they will rise 3.3% within the next year. 

Belle of the Beach!  Experience the Hamptons on the Del Mar Beach! This magnificent 4 bedroom, 4 bath, 3,500 sq.ft. ocean front Estate is defined by exquisite details and romantic charm on a grand scale. Custom built by High-End builder SWEIG construction-this could not be duplicated again on this lot. Live the sumptuous beach lifestyle in an estate that lives like its brand new. Oversized gourmet kitchen open to great room with ocean frontage.  If Martha Stewart lived in Del Mar, this would be her home. The quality and design details are so thoughtful and the space flows incredibly well, while at the same time providing a beautiful and private setting.


#2    120 Mcknight Drive, Laguna Beach, CA 92651 is listed for sale at $16,800,000.

The median home value in 92651 is $2,179,600. 92651 home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.7% within the next year.

So many attributes of this oceanfront home are extraordinary; the sizable and extra wide parcel with a perfect position at the end of McKnight Drive; the uninterrupted cove, coastline and sunset views; the incredibly rare, single-story configuration; its impeccable condition after an extensive and just-completed renovation; and its highly preferred North Laguna Beach location. There is simply no other property on the market with such high marks in all categories. The spacious, light, and open plan is perfect for seaside living and entertaining as all of the main rooms open to a generous oceanfront terrace and incredible panorama. Filled with natural light and elegantly appointed, the palette of tan, crème and gray complements the striking emerald and aqua waters of the ocean. Set dramatically atop the cliff reminiscent of the Cote d'Azur, the views of the waves in the cove below and Emerald Bay are sensational. Recent improvements include a newly outfitted kitchen with Italian marble counters and select appliances, imported limestone floors, a sumptuous new marble-lined master bath, new fully retractable sliding doors along the oceanfront, and myriad designer appointments. Perfectly refitted and ready to move in, this is the home many buyers seek but never find in such a competitive and limited marketplace.

#3    18 Schoolhouse Road, Pound Ridge, NY 10576 is listed for sale at $12,000,000  

The median home value in 10576 is $795,700. 10576 home values have declined -1.2% over the past year and it is predicted they will rise 0.1% within the next year.

This state-of-the-art horse estate was masterfully created as a world where horses thrive. Equestrians will immediately recognize that there was no spared expense in creating a peaceful, private retreat. Enter this tranquil 21.9 acre compound through a row of Japanese cherry trees to 4 oversized paddocks, an indoor/outdoor ring, 4 sand rings, 2 homes, a 3bd/2ba with elevator and a greenhouse, the other 5bd / 3ba. An equipment house, an indoor salt water pool house and ultimate in custom built post and beam framed barn with 12 stalls, 2 floors of octogonal recreation/dressing rooms with tray ceilings and major a fire suppression system, full generator back up for each building and your own gas/diesel station. This is the only available residential horse farm in Pound Ridge that allows 12 horses and borders the Ward Pound Ridge Reservation delivering direct access to the 4,500 acres of preserved land and desired horse trails! Very close to many horse shows and one hour to NYC.

#4    14275 Siesta Road, Largo, Florida 33774 is listed for sale at $11,900,000.  

The median home value in 33774 is $231,100.  33774 home values have gone up 8% over the past year and it predicted they will rise 7.6% with the next year.

This magnificent gated, 4 bedroom, 9 bath, 17,599 sq.ft. Italianate -style waterfront estate fronting the Intracoastal Waterway on a 4.5 acre lot boasts incredible architectural design and extraordinary custom amenities throughout. Formal entertaining areas include a grand salon and a two story dining room that can seat 20 with an adjoining covered terrace serviced by a catering kitchen. Relax in front of the marble faced gas fireplace in the spacious family room open to the gourmet granite and stainless kitchen which overlook the heated infinity pool. Or escape to the "man cave" with wood interiors, cozy fireplace and wet bar. The master retreat is a dream come true with an unbelievable luxury bathroom and two custom walk-in closet rooms. Guests will love the privacy of the 900 square foot three room apartment with a private terrace designed just for them. Depart from the boat dock for some water sports, sit by the fire pit or practice your golf strokes on the covered putting green. Additional rooms, lavish features and high end materials in this incredible 2010 custom residence are just too numerous to mention.

#5    20 Linda Vista Avenue, Atherton, CA 94027 is listed for sale at $9,150,000

The median home value in 94027 is $6,747,500. 94027 home values have gone up 12.1% over the past year and it is predicted they will rise 3.7% within the next year.

Rare opportunity to own a flat buildable acre+ of land in Atherton. Prime location close to Circus Club. Nice home on the property perfect for rental during permitting process. 3 bedrooms and 3 baths with incredible back yard and pool. Amazing rectangular massive back yard, with exceptional potential to build a fabulous custom estate.

#6    706 East Hyman, Aspen, Colorado is listed for sale at $8,888,000.  

The median home value in Aspen is $1,417,500. Aspen home values have gone up 13.3% over the past year and it is predicted they will rise 7.6% within the next year.

Prime downtown Aspen location for this impeccable 3 bedroom, 4 bath, 2,584 sq.ft. townhome. Light and bright with an open kitchen and living with views toward Aspen Mountain. Beautiful remodel including walnut floors, bronze detailing, slab-limestone and a very efficient layout (the home lives larger than you might expect). Nice deck, hot tub, garage and additional parking. Walk everywhere including only three blocks to the gondola!

#7    515 11th Avenue W, Kirkland, WA 98033 is listed for sale at $3,498,000

The median home value in 98033 is $966,800. 98033 home values have gone up 10.7% over the past year and Zillow predicts they will rise 8.2% within the next year.

This smart design and floorplan with 4 bedrooms, 6 baths, and 4,998 sq.ft. features an open great room with vaulted ceilings, integrated professional appliances and streamlined wood-work throughout. The main floor includes a full guest suite and office, the lower level is complete with a state of the art movie theater, wet bar and flex room. Two additional bedroom suites, laundry and an expansive master suite with sweeping lake Washington views. 5 piece spa bathroom enjoys water views all year long. Just seconds to DT Kirkland Lake Washington School District.

Today's Mortgage Rates

Mortgage Rates Edge Lower; Volatility Potential Remains
Jul 31 2018, 5:08PM

Mortgage rates fell modestly today, bringing them back in line with last Friday's levels.  Most of the inspiration for the improvement came from overnight developments in Japan, where the country's central bank doubled down on its commitment to keep easy money policies flowing for an extended period of time.  In general, when large central banks commit to maintaining such policies, it's good for interest rates.  Last night was no exception, but much of the benefit went to Japan's bond market (unsurprisingly) with US markets just getting a small token of the gains.

It should be noted that by the time such news filters through to the world of mortgage rates, the improvements are barely detectable for the average borrower.  Many mortgage seekers will be seeing the exact same quote compared to yesterday.  Those who see better quotes will almost certainly still be seeing the same interest rate, but with marginally lower upfront costs (something around $100 for every $100k financed).

From here on out the rest of the week is busier in terms of scheduled events that could impact rates.  The potential for volatility is higher, culminating with Friday's big jobs report.  Bottom line: rates are already near the highest levels in more than 2 months, but if the incoming economic data isn't 'rate-friendly,' they could keep moving higher.

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.72%4.73%-0.013.84%4.79%
15 Yr FRM4.19%4.20%-0.013.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.50%4.51%-0.014.10%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