Friday, August 10, 2018

Today's Best Mansions: 

#1   2820 Scott Street, San Francisco, CA 94123 is listed for sale at $29,900,000.

The median home value in 94123 is $2,577,200. 94123 home values have declined -4.7% over the past year and it is predicted they will rise 1.5% within the next year.

Magnificent 7 bedroom, 11 bath,16,000 square foot mansion with panoramic views of the Golden Gate Bridge, Palace of Fine Arts, Alcatraz, Angel Island. Completely renovated with exquisite architectural detailing, 7 bedrooms, 8 fabulous full bathrooms and 3 half baths, and 8 marble fireplaces. Elevator to all floors including huge roof deck. Close to distinguished schools and Union and Fillmore Street stores and restaurants. Prestigious 2008 San Francisco Decorator Showcase.

#2    Hildreth Lane, Sagaponack, NY 11962 is listed for sale at $20,000,000.

The median home value in  Wainscott is $3,533,400. Wainscott home values have gone up 0.4% over the past year and it is predicted they will rise 9.5% within the next year.

This stunning 7 bedroom, 7 bath, 13,000 sq. ft. custom contemporary sits on 1.25 private acres in coveted Sagaponack. A unique estate includes floor-to-ceiling custom windows and glass doors, surrounding an infinity edge pool. Open the front door to a show stopping foyer that leads to a vast living room with stacked stone open fireplace and grand piano. 8 bedrooms, 8.5 baths, 4 fireplaces, amazing eat in gourmet kitchen (you have never seen any thing like it) and a 4-car garage do not even begin to describe thefirst level! The lower level includes an immense dining hall, huge wine cellar, guest suite, theater and spa. An infinity edge pool glistens serenely, overlooking Poxabogue Pond and spell-binding western sunsets to capture and soothe your senses. You have heard of "must see's"...this one truly is!! 

#3    2009 La Mesa Drive, Santa Monica, CA 90402 is listed for sale at  $19,800,000

The median home value in  90402 is $3,911,500. 90402 home values have gone up 6.9% over the past year and it is predicted they will rise 2.5% within the next year.

This property presents a once in a lifetime opportunity to own an estate with 7 bedrooms, 
9 baths and  over 200 feet of frontage on the north side of La Mesa Drive with unobstructed views of the Riviera Country Club. The property is developed in such a way as to preserve the estate grounds including the front, back and side yards. The location features a circular driveway with two curb cuts, two entry gates and iron fencing along the front property line. The back yard has an infinity edge pool with the potential for a build out of the under deck space of over 2000 square feet. This is an Historical Landmark Period Revival residence combining elements of both the English Cottage and Tudor Revival styles. The architect is Elmer Grey. Architect Elmer Grey is credited as being one of the most influential practitioners of the Period Revival Style in Southern California. Along with his contemporaries including, John Byers, Roland Coate, Myron Hunt, Gordon Kaufmann, Wallace Neff, and George Washington Smith, Grey was an excellent designer who was able to master the use of historical precedents and combine them with Southern California landscape to create highly successful architectural environments that were highly site sensitive. Grey is responsible for two important residences in Santa Monica, the Landmark Robert Gillis House at 406 Adelaide Drive, and the 2009 La Mesa Drive. There may never be another chance to own a double lot on La Mesa and a true masterpiece of a home.

#4   145 Paradise By The Sea Blvd., Seacrest, Florida 32461 is listed for sale at $14,470,000.

The median home value in 32413 is $279,500. 32413 home values have gone up 12.1% over the past year and it is predicted they will rise 6.1% within the next year

Paradise by the sea! Only  Gulf estate with 7 bedrooms, 9 baths and 10,035 sq.ft. now available to buy in this gated development adjacent to Alys Beach. The east end of scenic HWY 30-A is the place to invest in your legacy estate. Fabulous Gulf view from this home with privacy wall and gated courtyard,  Main Living Area on 2nd floor has media room with bar, baby grand piano area, dining room for 12 amd large living space. Custom Cabinetry creates a gourmet kitchen. Master suite is entire 3rd floor with an elevator.  It all has Million $$ view, work-out room, huge bedroom with fireplace and luxurious bath. Custom home designed with family in mind, 2 separate wings have parent and children's rooms,  2nd living area w/ kitchenette on 1st floor. Pool and 3 car garage.

#5    7376 Brodiaea Way, La Jolla, CA 92037 is listed for sale at $10,900,000.

The median home value in 92037 is $1,608,700. 92037 home values have gone up 2.8% over the past year and it is predicted they will rise 3.7% within the next year.

Welcome to Paradise. This luxury 7 bedroom, 10 bath, 10423 sq.ft. estate is incredibly situated on the Pinnacle of the Country Club in La Jolla. Enjoy endless sunsets and expansive Pacific Ocean and City night views. Boasting 10000+ square feet of living space that features 7 bedrooms, 9 full baths, Chefs dream kitchen with views, theater-game room, exercise room with steam shower & sauna, spacious entertainment room with bar rooftop view deck and an expansive patio with vanishing edge pool and spa. Experience luxury as it is known.

#6   10631 County Road 250, Durango, Colorado 81301 is listed for sale at $9,950,000

The median home value in  81301 is $434,700. 81301 home values have gone up 4.5% over the past year and it is predicted they will rise 3.3% within the next year.

10631 County Road 250, Durango, CO 81301

Beaumont Ranch with 5 bedrooms, 8 baths and 7,274 sq,ft, is nestled in the heart of the Animas Valley, a stunning 20-minute drive north of Durango, surrounded by scenery carved by ancient glaciers and peaks that rise nearly 13,000 feet. The 53-acre estate features immaculately maintained residences (3) and ancillary structures (4), perfectly manicured grounds, approximately 1200 feet of Animas river frontage and ample water rights. Beaumont is the ultimate legacy property and retreat for family. Unlike many mountain ranches, Beaumont enjoys easy accessibility to countless recreational opportunities and city conveniences alike. The remarkable and private inner channel of the Animas River flows on the western boundary of the ranch, with first-class trout fishing. In addition, enjoy six productive ponds stocked with rainbow trout. Awe-inspiring mountain views can be seen from every vantage point of the property with Engineer Mountain as the headliner. The 53-acres consists of two separately deeded parcels featuring a 7274 SF main residence, 2100 SF cottage, 2257 SF detached garage & gear room, 1922 SF heated "south barn", 1450 SF staff house, and 1934 SF "middle barn". The main residence is discretely set back from the county road and is surrounded by specimen trees and gardens of beautiful plantings and sculptural boulders.

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

10631 County Road 250, Durango, CO 81301

#7   16550 Shore Drive, Lake Forest Park, WA 98155  is listed for sale at  $6,995,000

The median home value in 98155 is $607,400. 98155 home values have gone up 13.5% over the past year and it is predicted they will rise 7.4% within the next year.

Everything you need to embrace the waterfront lifestyle! This luxury home was built by Parmenter Homes in 2015 with the estate consisting of 5 bedrooms, 6 bahs and 8,190 sq ft of living space and 80 feet of sandy beach waterfront. This home offers classic architectural structure with vanishing window walls that instantly transform the inside space to an outdoor environment. The grand scale of the interior balances seamlessly with the ease of waterfront living. Deeded into the coveted private Sheridan Beach Club.

Today's Mortgage Rates
Lowest Mortgage Rates in Several Weeks
Aug 9 2018, 3:58PM

Mortgage rates finally did what they were supposed to do today.  Specifically, they fell in response to bond market improvement.  That's the way it should be, but over the past two days the typical relationship between bonds and mortgage lenders' rates has been a bit inconsistent due to the timing of market movement throughout the day.

On Tuesday, bonds weakened throughout the day.  This would normally coincide with rates moving higher, but the bond market weakness didn't happen quickly enough for most lenders to take action.  As such, they were left to make the adjustment the following morning.  Then on Wednesday, bonds improved, but not quickly enough for most lenders to bring rates lower.  That left us with a bit of an advantage to start the day today. 

Before most lenders published their first rate sheet of the day, bonds improved even more thanks to weaker inflation data.  This allowed the average lender to move rates to their lowest levels in several weeks.  As nice as that might sound, the range has been narrow recently, so we're not talking about huge improvements.

Additionally, there is a risk that tomorrow's inflation report (even more important than today's) will come in stronger than expected.  That could lead markets and mortgage lenders to reconsider today's rate-friendly move.  To be clear, I'm not saying this is any more probable than other scenarios--simply that it's a risk to the near-term outlook.  Bottom line: after today's inflation data, markets are expecting something similar from tomorrow's.  If they don't get it, there could be a quick rebound back to previous levels.

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.70%4.72%-0.023.84%4.79%
15 Yr FRM4.16%4.18%-0.023.12%4.22%
FHA 30 Year Fixed4.40%4.42%-0.023.35%4.50%
Jumbo 30 Year Fixed4.45%4.47%-0.024.10%4.81%
5/1 Yr ARM3.99%4.02%-0.033.10%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