Wednesday, August 15, 2018

Today's Best Mansions: 

#1    1451 Brickell Avenue, #1, Miami, Florida 33131 is listed for sale at $42,000,000.

The median home value in 33131 is $403,100. 33131 home values have declined -3.3% over the past year and it is predicted they will rise 4.7% within the next year.

Personally designed by Carlos Ott, the Penthouse at Echo Brickell with 4 bedrooms, 8 baths and 9,425 sq.ft. is the only residence occupying the upper floors of this iconic building . Featuring a two-story layout with breathtaking views of Biscayne Bay, the Atlantic Ocean, and Downtown Miami. The residence offers direct elevator access, an indoor 26-foot lap pool, private gym, sky garden, and over 2,000 square feet of 8-foot deep terraces. Interiors feature 23-foot ceilings, with floor-to-ceiling windows, marble flooring, 7-foot Italian entry doors, and Poliform kitchen cabinets. The building has full concierge services. Echo Brickell is an innovative, contemporary tower at the epicenter of Miami's fastest growing metropolitan neighborhood.

#2     7 West End Road, East Hampton, NY 11937 is listed for sale at $24,500,000.

The median home value in 11937 is $1,494,600. 11937 home values have gone up 18.7% over the past year and Zillow predicts they will rise 11.1% within the next year.

Rare opportunity. 3.6 +/- oceanfront acres with a Sheffer designed residence overlooking beautiful gardens and over-sized pool. In addition, perched high on the dunes is a separate 2-bedroom beach cottage. With 136' ocean frontage and possibilities for a new 10,000 square foot house.  This extraordinary oceanfront property presents a unique opportunity to have a stunning estate. The existing main residence can be replaced with a substantial home along with a pool and pool house with room for tennis. The sprawling lawn leads to the ocean where you will find the oceanfront beach cottage that is sure to amaze. This pre-existing structure is something that cannot be recreated and is truly special. The property is located in a non-hazardous FEMA zone. Ideally located on one of the best oceanfront streets in the Hamptons this is a rare chance to have a magnificent compound.   

#3    280 Robin Road, Hillsborough, CA 94010 is listed for sale at $11,880,000.

The median home value in 94010 is $2,779,600. 94010 home values have gone up 14.3% over the past year and it is predicted they will rise 5.4% within the next year.

Casa Sola with 5 bedrooms, 6 baths and 7,319 sq.ft. is located in the premier estate area of Hillsborough. It is a magnificent Spanish inspiration. Although only eight years old, gracious ambiance and masterful craftsmanship create a sense of stately old world style. A spacious floor plan with six bedrooms, five en-suite, formal living and dining rooms, fabulous kitchen-great room, studies, huge patio, and land for estate enhancement, and impeccable use of materials make this property the ultimate statement of quality and taste.


#4     30333 Morning View Drive, Malibu, CA 90265 is listed for sale at $5,000,000

The median home value in 
90265 is $2,987,400. 90265 home values have gone up 10.4% over the past year and it is predicted they will rise 3.4% within the next year. 

A once in a lifetime opportunity to acquire a wondrous Malibu Ocean View Estate with 9 bedrooms, 10 baths and 12,350 sq.ft.. Rarely does such a value come to the market. Set on nearly 5.5 mostly level acres a block to the ocean. Located on a prestigious street surrounded by multi million dollar homes. Fenced and gated with its own wide roadway assures utmost Privacy. Large in scale, the one of a kind Entry and voluminous Ballroom set this property aside from the rest. Multi usage 9 bedroom suites and 9 baths with approximately 12,000 sq. ft. of living space. Vast outdoor lawns, decking, pool and spa for entertaining. Pro Equestrian Facilities Barn and Arena set this world class estate apart. Seller, associated with a prominent Winery plan 5,000 Wine grape plants. A subdivision with 2 estate parcels and added 2nd home underway.

#5     115 Via De La Valle, Del Mar, CA 92014 is listed for sale at $5,495,000

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.

Location, Luxury, Lifestyle! This 4 bedroom, 5 bath, 4,000 sq.ft. home has unobstructed views of the Del Mar Racetrack, white water ocean views, La Jolla & beyond. Walk to dog beach, shops and restaurants. Complete renovation has the feel of a brand new home. Enjoy gorgeous white oak floors and floor to ceiling windows. Master Retreat facing SW, offers incredible sunsets views & oversized terrace. Boca Del Mar is a private, gated enclave of 7 detached homes w/ little to no maintenance. Ideal primary or second home with the ability to lock and go

#6     234500 North Long Ridge Drive, Toponas, Colorado 80479 is listed for sale at $4,495,000

The median home value in 80479 have a median listing price of $194,000

Exciting and rare opportunity to become an exclusive partner of the King Creek Ranch, a 5,000 +/- acre private retreat nestled in the Rocky Mountains of Colorado. Protected and preserved by a Colorado Open Lands conservation easement the ranch is home to seven family's private residences each on individual 35+ acre parcels. The offering includes a 4,459 +/- sq.ft., 3-bedroom, 4-bath home situated on 40 +/- acres and a 1/7th partnership in the ranch.

#7     5552 NE Windermere Road, Seattle, WA 98105 is listed for sale at $3,950,000.

The median home value in 98105 is $1,013,700. 98105 home values have gone up 10.4% over the past year and it is predicted they will rise 5.9% within the next year.

Remarkable opportunity! First time available! Custom, Modern home with 5 bedrooms, 6 baths and 6,610 sq.ft. in prize location. Richly appointed from the landscaping to the interior details. Sweeping drive, Italian Cypress, and magnificent street presence. Exciting spaces include two story entry, living and dining rooms. Opulent use of glass welcomes natural light. Polished limestone floors, brushed steel railings, and dramatic split staircase. Private Outdoor BBQ terrace, Close to Windermere Park and Beach. Extraordinary!

Today's Mortgage Rates

Mortgage Rates Edge Higher Ahead of Retail Sales Data
Aug 14 2018, 3:04PM

Mortgage rates were sideways to slightly higher today, depending on the lender. With the exception of the past two days, this leaves us at the best levels in more than 3 weeks.  In general, that move was made possible by financial drama in Turkey, but caveats abound. 

It's taken a massive amount of pain in Turkish markets/currency to result in a fairly modest move for US interest rates in the bigger picture.  Moreover, US rates continue paying attention to multiple sources of inspiration.  Turkey was just one among many in that regard, and even then, only when Turkish market movement was its most extreme. 

More so than yesterday, today brought some hope that the worst is over for Turkey.  While that's good for Turkey, it's not good for rates in the US, all other things being equal.  That said, it may not be incredibly bad either.  Case in point, Turkish Lira rallied somewhat significantly today, yet US rates are fairly close to 'unchanged.'  

The remainder of the week brings more domestic economic data, which could take over as a primary source of inspiration.  Among those, tomorrow's Retail Sales data is the biggest.  If it's stronger than expected, rates would be under pressure to continue higher tomorrow.  But if it's weaker, we could continue to hold this ground, regardless of the de-escalation of Turkey's currency crash.
52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.65%4.64%+0.013.84%4.79%
15 Yr FRM4.15%4.14%+0.013.12%4.22%
FHA 30 Year Fixed4.38%4.37%+0.013.35%4.50%
Jumbo 30 Year Fixed4.39%4.39%--4.10%4.81%
5/1 Yr ARM3.96%3.95%+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