Thursday, August 16, 2018

Today's Best Mansions: 

#1    1577 Napa Rd, Sonoma, CA 95476 is listed for sale at $15,997,000

The median home value in 95476  is $741,100. 95476 home values have gone up 6.1% over the past year and Zillow predicts they will rise 7.3% within the next year

Now is First time offering for this unique home with 5 bedrooms, 8 baths and 14545 sq.ft. It is substantial and spacious yet comfortable. Built with 2,000 tons of cement, 1,000 tons of steel and more than 110 slabs of granite, featuring a chef's kitchen with state of the art appliances, media room, multiple entertaining spaces and home offices. 5 en suite bedrooms plus a grand master, views of the vineyards, water features and mature gardens. Includes 6 car garages plus stainless wine facility.

#2      116 Sullivan Street, New York, NY 10012 is listed for sale at $15,995,000

The median home value in 10012  is $2,557,300. 10012 home values have gone up 0.8% over the past year and Zillow predicts they will fall -1.2% within the next year.


This 24'-wide townhome features9 bedrooms, 6 baths and 7,448 square feet of magnificent interior living space, plus an additional approximately 2,078 square feet of incredible outdoor space in the expansive, multi-level garden and spectacular roof deck.Originally built in 1832, this landmarked home has been meticulously renovated with thoughtful attention to detail and boasts the finest modern appointments. Astounding room proportions and grand windows allowfor abundant natural light throughout. Advanced home systems include a Control 4 smart-home system managing the lights and sound, quiet multi-zone Mitsubishi HVAC, a security/alarm system, and irrigation in the garden, roof deck, and front planters. Other superb house appointments include automated shades, Walnut hardwood flooring, 3 fireplaces and hydronic radiant heat flooring throughout the Parlor Floor, tiled bathrooms, stoop and sidewalk. This high-efficiency home is built to Passive Standards with a Zehnder fresh air exchange, Lochinvar boiler and water storage.

#3     9145 Irvine Cove Court, Laguna Beach, CA 92651 is listed for sale at $13,995,000.

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.

This is an amazing opportunity to acquire one of the largest homes in the coveted, gated community of Irvine Cove. Never before on the market, this magnificently crafted 6 bedroom, 10 bath, 10,107 sq.ft. estate on half an acre was designed by internationally acclaimed interior architect, Juan Pablo Molyneux, and offers the splendors of neoclassical elements creating a palatial masterpiece. Meticulous design details begin from the curbside with the grassy driveway naturally blending with the beautifully landscaped and lush grounds. The stately home boasts a very livable 3 level floor plan showcasing a grand foyer, mahogany rich library, formal living room and dining room, family room and 6 ensuite bedrooms with multiple walk-out terraces and balconies. The expansive master suite encompasses a generous walk-in closet and elegant sitting area opening to a spectacular ocean-view terrace. Notable features include exquisite French doors and hardware, antique fireplace mantles from Mallett's, 12 and 10 foot ceilings, wine cellar, home gym, theatre room, elevator, cabana with full-service bar and outdoor bathroom, and a 5-car garage. Perched high in the gentle hills on a cul-de-sac with Crystal Cove State Park as a pristine backdrop and stunning ocean and sunset views to the front, the privacy of the estate is unmatched. Regarded as one of the most exclusive beach communities, Irvine Cove offers a private beach, tennis courts, park and the luxurious, coastal lifestyle of the Southern California Riviera. 

#4     899 Nelson Walk, Naples, Florida 34102 is listed for sale at $13,500,000.

The medium home value in 34102 is $874,400. 34102 home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.6% within the next year.

Gracious, custom waterfront estate with Expansive Bay Views! Ideally situated on 1.5 lots overlooking Buccaneers Bay and stretching down to Galleon Cove. Spacious floorplan with classic finishes, generously sized rooms and soaring ceilings. Grand entrance through porte cochere with circular drive and fountain leads into an elegant formal living room. Large open kitchen with island, breakfast bar, eating area. Adjacent family room boasting wood burning fireplace, built in bar and a plethora of windows affording breathtaking views of the water. Additional gathering spaces include Florida room, formal dining space and media room. All on one level. Impressive Master Suite with fireplace, sitting area, incredible Master Bath, walk in closets and access into the study. Four guest bedrooms all with ensuite baths. Idyllic outdoor oasis perfect for relaxing or entertaining. Lushly landscaped grounds, pool and spa with fountains, palatial marble patios, new retractable awning, pool bath, outdoor shower, ample green space and more. Floating boat dock with no bridges to the Gulf. Oversized 3 car garage, air-conditioned and tiled. Eligible for immediate Port Royal Club Membership.

#5   1920 4th Avenue, #3001, Seattle, WA 98101 is listed for sale at $11,500,000.

The median home value in 98101s $639,600. 98101 home values have gone up 21.9% over the past year and Zillow predicts they will rise 7.1% within the next year.

1920 4th Ave #802, Seattle, WA 98101

Live life elevated in this 3 bedroom, 4 bath, 5,170 sq.ft.  penthouse that inspired FIFTY SHADES OF GREY , one of Seattle''s most iconic novel & movie series. Walls of windows & a wraparound deck frame glimmering city views. Perched above it all, formal & informal spaces afford all one needs for a complete in-city experience w/ a media room, chef''s kitchen, sitting area, & sumptuous master suite. Escala''s suite of amenities includes 24/hr concierge, spa, lap pool, gym, yoga studio, theatre, catering kitchen & private dining.

#6    165 River Park Drive, Breckenridge, Colorado 80424 is listed for sale at $10,000,000

The median price of homes currently listed in 80424 is $1,124,500

This one-of-a-kind European inspired 5 bedroom, 7  bath, 9,025 sq.ft. estate begins its story on the river. Nestled quietly on the Blue River just moments from downtown, it is rare that a home in Breckenridge captures a sense of place through location, unparalleled luxury finishes, impeccable attention to detail, mountain vistas and the enchanting river as does "The Castle On The Blue." This incredible home graciously blends the elegance of Europe and the warmth of the West. Completed in 2009, step through one of the 8-foot solid hand-carved wooden doors into a spellbinding architectural masterpiece. This unique property was constructed with large river rock and locally hand-hewn squared timber logs and beams, with no detail spared. Stepping over the threshold, dare to dream as you gaze upward to the hundreds of subtle LED lights imbedded in the stone of every archway. Award-winning native landscaping wraps around the home in every direction. Stroll through the massive gardens on the stone path past sculptures and benches, leading you to the river with secluded spaces to absorb unimaginable natural beauty. The expansive gourmet kitchen and accompanying hearth room features a tremendous island and separate wet-bar. Two sparkling imported copper sinks capture your attention immediately. Handcrafted in France, the La Cornue black and brass range and double ovens provide limitless baking features. An additional Viking oven complements the amazing La Cornue. Refrigeration and freezer space is almost unlimited with an oversized, custom Bosch refrigerator/freezer and two each high-performance refrigerator and freezer drawers installed in the kitchen cabinets. Beautiful kitchen corbels artfully disguise storage spaces, and whether you want to enjoy a cup of coffee, a latte, espresso, cappuccino or macchiato, the plumbed Miele coffee machine is just a finger-touch away. There is room for everyone in the adjoining great room. Gather around one of two fireplaces accentuated by a floor to ceiling rock hearth. With a view to the river, this space combines with a dining area featuring a magnificent 14-seat table. Every en-suite bedroom opens to a serene private deck that either plays to the river, the mountain views or both, each oriented to subtly accent the relaxing setting. Your guests will ind the utmost comfort in every custom bathroom with details such as antique vanities, copper tubs, onyx showers, glowing onyx and bronze sinks, and a hand-cut medallion featuring exotic stones. Enjoy the convenience of smart home technology with adjustments for music, light, audio and video intercom and temperature control. Take the glass elevator, descending gracefully alongside of the great room, to the highest point on the fourth floor, opening to a private hot tub with an outdoor stone fireplace, one of three copper ceilings, a marvelous view and the sounds of the river below. Children will be enchanted when they discover their very own finished and furnished, secret playhouse. Riding down to the first floor, choose to stay at home with friends and family to watch a movie in the eloquent theatre room, designed to rival a boutique opera house in Paris. Choose from any of the 300 interchangeable DVDs stored for your viewing pleasure while savoring the smells from the free-standing popcorn machine. Stepping into the nearby powder room, notice the walls finished with original 1900's New York Times newspapers. Or, shoot your best pool game in the recreational multi-purpose room, stepping out to the largest of the many outdoor decks featuring a gourmet barbeque kitchen and corner fire pit.

#7   15839 River Trail, Rancho Santa Fe, CA 92067 is listed for sale at $5,950,000.    

The median home value in 92067 is $2,780,800. 92067 home values have declined -1.1% over the past year and it is predicted they will fall -0.8% within the next year.


Now is Exceptional custom features are evident throughout this refined 5 bedroom, 7 bath, 10,632 sq.ft.  smart-house residence, one of just thirteen homes located behind the impressive gates of The River Estates in Rancho Santa Fe. Superior finishes and sophisticated materials differentiate this stunning five-bedroom estate from the ordinary. Special features include radius walls, hand-carved crown molding, custom fireplaces, fine cabinetry, hand-wrought iron, and exotic slabs of onyx, granite and travertine. The functional open floorplan consists of an informal great room with a two-sided stone fireplace that opens to a separate bar and game room; formal living and dining rooms that provide a serene ambiance; and a professionally equipped open kitchen that is ideal for entertaining. The wood-paneled office, with large fireplace and handsome box-beam ceiling, opens to a private patio. On the main level, the private master-bedroom retreat has its own fireplace, large customized closets with built-in dressers, and a resort-like master bathroom with spa tub, steam shower, sauna and furniture-quality cabinetry. The auxiliary main-floor bedroom has been converted to a home theater featuring state-of-the-art components that could easily be converted back to a second bedroom. Three oversized bedroom suites on the upper level are complete with unique baths and generous walk-in closets. The outdoors provides ample room for extensive entertaining and boasts a cooking station with pizza oven and BBQ, a resort-inspired pool and spa with slide and two waterfalls, and a separate air-conditioned studio apartment or spacious pool house with kitchen and bath, all surrounded by a lush lawn and exquisite landscaping complete with majestic palms. An attached four-car garage provides ample parking and storage. Ideally located in Rancho Santa Fe with convenient proximity to local schools, shopping, freeways and beaches, this spectacular custom estate will captivate, inspire and delight.

Today's Mortgage Rates
Mortgage Rates Barely Lower Despite Bond Market Cues
Aug 15 2018, 1:29PM

Mortgage rates fell only modestly today despite a much stronger move in broader bond markets.  I spend a lot of time espousing the fact that rates are based on bonds, so it's fair to wonder how days like today happen.

Indeed, interest rates are based on bonds, but there are a wide variety of rates and bonds!  It's a common misconception that mortgage rates are actually and firmly linked to the 10yr Treasury yield.  In reality, this only appears to be the case because the bonds that underlie mortgage tend to move in the same direction as 10yr Treasuries.  The magnitude of their moves is also generally the same, but there are notable exceptions.  Today was one such exception.

In terms of bond prices, 10yr Treasuries did twice as well as mortgage bonds (technically MBS or 'mortgage-backed securities') today.  Even then, there's one more degree of separation between markets and the mortgage rates available to consumers. 

Mortgage lenders are tasked with creating rate sheets, electronic or otherwise, that spell out what they're willing to guarantee to borrowers on any given day at any given moment.  The rates offered on those rate sheets don't change from minute to minute as bond markets gyrate throughout the day, but if markets gyrate enough, lenders can "re-price" in the middle of a business day.  This generally happens on 1-2 days on any given week, and rarely more than once or twice during those days.

With all of the above in mind, today's mortgage rate situation suffers from two problems.  First, Treasuries are doing a lot better than MBS (the bonds that underlie mortgages and mortgage rates).  Second, much of today's strength in bonds happened after lenders put out their first rate sheet and we haven't seen quite enough for the average lender to reprice.  The upside to all this is that tomorrow mornings rates should be even better, assuming bond markets remain in their present territory overnight.  

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.64%4.65%-0.013.84%4.79%
15 Yr FRM4.14%4.15%-0.013.12%4.22%
FHA 30 Year Fixed4.37%4.38%-0.013.35%4.50%
Jumbo 30 Year Fixed4.38%4.39%-0.014.10%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