Saturday, August 18, 2018

Today's Best Mansions: 

#1     60 Clear Creek Road, Napa, CA 94558 is listed for sale at $25,500,000.  

The median home value in 94558 is $660,100. 94558 home values have gone up 4.1% over the past year and it is predicted they will rise 5.5% within the next year.

Located on approximately 285 acres on a crest of the Mayacamas Mountains, above the valley floor off the Oakville Grade, this immaculate 8 bedroom, 8 bath, 10,592 sq.ft. estate includes spectacular panoramic views of Napa Valley and Vineyards. Interiors by Russell Groves combines sophisticated resort ranch living with California indoor-outdoor architecture. Featured in Architectural Digest and GQ, this trophy residence presents an unparalleled opportunity to purchase not only a piece of architecture with enveloping views, but also a chance to own a frame of mind - one of privacy, peace and tranquility. The estate comprises three parcels: an approximately 123-acre parcel with main house and guest home, an approximately 67-acre parcel, and a 95-acre buildable parcel. The main residence is approximately 9,502 square feet with 6 bedrooms and 5.5 bathrooms. Majestic open-plan living areas ideal for entertaining with triple height ceilings open to expansive terraces, level lawns and infinity edge swimming pool and manicured, drought tolerant gardens. Additional highlights include a gourmet kitchen, butler's kitchen, wine room, home theater, office/library, and spa-worthy master bathroom with a private meditation garden and outdoor shower. Top of the line appliances, state of the art home audio and security, and master craftsmanship throughout further the allure. The guest house located near the tennis court and a childrens play ground is approximately 1,090 square feet with 2 bedrooms, 2 bathrooms and a kitchenette. No detail or expense has been spared on this awe-inspiring hilltop retreat. 

#2     92 Laight Street, New York, NY 10013 is listed for sale at $24,600,000.

The median home value in 10013 is $3,089,100. 10013 home values have declined -4.7% over the past year and it is predicted they will rise 2.0% within the next year.

92 Laight St Apt 8 A, New York, NY 10013

High above the Hudson River, at the point where it widens toward New York Harbor, this glamorous penthouse with 44 bedrooms, 5 baths and 3,944 sq.ft. is a true home. Surrounded on three sides with a 10 foot wide terrace, gorgeously planted, the views are nothing short of spectacular. Floor to ceiling windows, and the ability to step out onto the terrace from nearly every room make this lovely, comfortable apartment a constant pleasure.


#3      930 West Oceanfront, Newport Beach, CA 92661 is listed for sale at $10,295,000.

The median home value in 92661 is $2,871,500. 92661 home values have gone up 7.9% over the past year and it is predicted they will rise 5.2% within the next year. 


Custom-built Eric Mossman designed oceanfront with 5 bedrooms, 6 baths and 5,000 sq.ft. offers sweeping white water views from Newport to Balboa Piers. Large 40'x102' lot-home (approx. 5,000 sq. feet per owner). Home includes completely remodeled kitchen, bathrooms and attached guest quarters & 4-car garage. Excellent floor plan w/ large family rm & mstr up opening to view. Large center island in gourmet kitchen & more. Ledger stone & copper gutters accentuate stucco exterior. Highly sought after location on one of the largest single lots on the Oceanfront.

930 W OCEANFRONT, Newport Beach, CA 92661

930 W OCEANFRONT, Newport Beach, CA 92661

#4     500 Oleander Lane, Delray Beach, Florida 33483 is listed for sale at $7,895,000.

The median home value in 33483 is $556,400. 33483 home values have gone up 8.2% over the past year and it is predicted they will rise 4.2% within the next year.

This Beautiful Custom Built One Story Gated Estate with 4 bedrooms, 5 baths, and 
5,357 sq.ft. is situated on an Intracoastal Point Lot with over 253+/- of Water frontage in a desirable ''Slow Wake Zone.'' This is truly one of the Best lots in East Delray. The property is only Blocks to Atlantic Avenue and the Beach. Features Include an Open Concept Floor plan. Volume Ceilings, a Large Great Room with Fireplace, an eat in Kitchen boasting a huge center island, a beautiful brick designed Stove area and separate formal Dining Room, an Office/Den off the Master which includes a sitting area, a large Exercise Room and a glorious master bath. There's a separate ''wing'' with 3 en suite bedrooms which surround their own family Room The outdoor area is a dream w/a huge covered loggia, summer kitchen with pizza oven and Dockage for a large Yacht!

#5     3800 Pleasant Ridge Road, Boulder, Colorado 80301 is listed for sale at $7,999,000.

The median home value in 80301 is $566,500. 80301 home values have gone up 5.7% over the past year and it is predicted they will rise 4.4% within the next year.

Quiet, secluded location with panoramic views of Flatirons and Foothills; 12.6 acres with mature trees, peaceful paradise surrounded by dedicated farmland. Contemporary, spacious 3 bedrooms, 4 baths and 4,617 sq.ft. 2-story built for entertaining, gourmet chef''s kitchen, wraparound porch, and heated pool and spa, separate studio/guesthouse, 8+ stall Gardner barn with 6 loafing stalls, hay storage, tack room, outdoor arena, two fenced pastures, water rights, well plus lefthand. Truly, just 10 minutes to downtown Boulder.

#6     39788 Calle Contento, Temecula, CA 92591 is listed for sale at $5,500,000.

The  median home value in 92591 is $451,400. 92591 home values have gone up 6.3% over the past year and it is predicted they will rise 2.8% within the next year.

If you are dreaming of getting started in the winery business, dream no more. This small boutique winery and only distillery in Wine Country could expand into a much larger venture. Alex's Red Barn Winery and Distillery is situated on approximately 25 acres of pristine vineyards in the Temecula Wine Country. This winery could also be grown into a full hospitality venture with a 50 room hotel, bed and breakfast and more. The 25 acres are currently divided into two parcels of approx. 10 and 15 acres each. There is a 4 bedroom, 5 bath,  4,200 sq. ft. superbly built single story custom home on the 15 acres that could not only be the residence of the winery owner but could function superbly as a vacation rental or wedding venue, or yet, become a second winery. The home is loaded with upgrades and custom finishes. Granite counters and stainless appliances adorn the open kitchen that opens to the family room. The 2000 sq. ft. winery itself is located on 10 acres with a tasting area, two bathrooms with 500 sq. ft. of refrigeration as well as all the necessary equipment to produce and bottle the wine on site. The winery produces old vine varietals such as Sauvignon Blanc, Johannisberg Riesling, and Cabernet Sauvignon. A specialty of the winery is a solera style Cream Sherry. The distillery produces four brandies. Sale also includes address 39820 Calle Contento .

#7    12 Evergreen Lane, Mercer Island, WA 98040 is listed for sale at $4,495,000.

The median home value in 98040 is $1,569,900. 98040 home values have gone up 11.1% over the past year and it is predicted they will rise 7.4% within the next year.


Rare,elegant 4 bedroom, 4 bath, 6.050 sq.ft. residence in prime West Mercer location. Evergreen Lane is an enchanted enclave of select homes in a park-like setting. Nearly 2 acre property adorned by a sweeping lawn, magnificent trees, split rail fence, & rich landscaping creates the setting. 1930's original home transformed and expanded by noted NW masters Bumgardner architect and Schultz Miller. Main floor level living of sophisticated scale, dramatic spaces, rich ambiance and character. Private outlook. Darling 1 bedroom, 1 bath guest house.

Today's Mortgage Rates
Mortgage Rates Almost Perfectly Unchanged This Week
Aug 17 2018, 4:29PM

Mortgage rates were almost perfectly unchanged today.  That leaves them right in line with last Friday's levels.  I devoted a considerable number of words in yesterday's article to explaining why most other articles about mortgage rates were inaccurate yesterday.  Suffice it to say that the absence of change compared to last Friday fully drives home the point I was making.  In short, due to the primary source data that most news organizations use for their big mortgage story each week, the average article proclaimed a nice drop in rates.  In actuality, that drop happened at the end of last week.  From there, rates have barely budged.  

These rates aren't the worst we've seen and they're not the best.  They're pretty comparable to most of the past few months.  You'd have to go back to May 2018 to see anything appreciably worse, but if you go back much farther, rates would look better and better (until you get to 2011, and then they'd look worse again).  The bottom line is that we're kicking the can sideways just off long-term highs.  Ups and downs have been small in recent weeks/months as underlying bond markets come to terms with a new, higher-rate reality.  There's no telling when that range will give way, but when it does, rates should move with a greater sense of urgency.

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%4.37%--3.35%4.50%
Jumbo 30 Year Fixed4.37%4.38%-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

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Tom Furino