Friday, August 3, 2018

Today's Best Mansions: 

#1     24818 Pacific Coast Highway, Malibu, CA 90265 is listed for sale at $27,500,000.

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

Spanning more than 1.7 bluff-top acres in the heart of Malibu, this magnificent 6 bedroom,
7 bath, 13,000 sq.ft. French Regency style estate showcases unrivaled craftsmanship, spectacular grounds and breathtaking ocean and city light views. On par with the world's finest resorts, the two-story main house features an ocean-view great room, voluminous chef's kitchen with a marble center island and breakfast area, adjacent formal dining room, theater, billiards room and six expansive bedroom suites, including an elegant ocean-view master with dual baths and showroom closets. Two guest houses are privately sited on the property; a charming one-bedroom, one-bath cottage with a full kitchen, living room and fireplace, and a second guest house with a gym, voluminous suite and one-bedroom, one-bath staff quarters with a kitchen. Meticulously landscaped grounds showcase expansive lawns, old-world gardens, an ocean-view swimming pool, championship lighted tennis court, entertaining areas and private stairs to Malibu Road. 

#2     944 Mecox Road, Bridgehampton, NY 11932 is listed for sale at $19,950,000

The median home value in 11932 is $2,629,600. 11932 home values have gone up 18.6% over the past year and the prediction is they will rise 6.9% within the next year.

Custom construction estate by master builder Michael Davis, designed by noted architect Eric Woodward. Interior design Alexa Hampton. In coveted Bridgehampton South location situated on 2 single and separate lots (1.87 acres) first time offering of most luxuriously appointed and by the highest standards constructed shingled Traditional. The 10,234 sq. ft. main house offers 6 en suite bedrooms, 8 baths,  formal dining, living room, library and sunroom, superb state of the art eat-in kitchen, mudroom, finished lower level, oversized gunite pool and 3 story pool/guest house adding 2 additional bedrooms plus lounge. The sumptuous master suite provides a sunroom sitting area, a dressing room with custom built closets and make up vanity with views overlooking the grounds to Mecox Bay. Throughout the finishes are top of the line. Nanz and Rocky Mountain hardware, Chesney's custom fireplace mantels, all bathrooms offer white Thassos marble and radiant heated flooring. 6 fireplaces wood burning but set up for gas, Kolbe and Kolbe custom windows, Lefroy Brooks polished nickel plumbing fixtures and so much more. This home truly sets itself apart in amenities and quality. Every detail offers the best of the best.

130 Banyan Road, Palm Beach, Florida 33480 is listed for sale at $15,950,000.

The median home value in 33480 is $691,200. 33480 home values have gone up 8.5% over the past year and it is predicted they will rise 6.4% within the next year.

First time on the market. Gorgeous Tudor style estate situated on 1 acre +/- estate lot. With 7 bedrooms, 6 baths, and 9,653 sq.ft. .  Attached guest house, 1BR/1BA staff quarters, and 8 car garage complete this fabulous estate. Spectacular outdoor spaces include cabana with wet bar, swimming pool, Har-Tru tennis court, and covered loggia. Expansive master suite with fireplaces, sitting room, his and her baths, and balcony overlooking beautifully manicured grounds.

#4    7404 Hillside Drive, La Jolla, CA 92037 is listed for sale at $13,000,000.

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

Exceptionally private, top-of-the-world marvel with out-of-this-world views. An impressive driveway leads to the 3-acre/2-parcel property, featuring a 3 bedroom, 7 bath, 4,863 sq.ft. mid-century modern gem, guest house and endless possibilities! 14-ft ceilings & expansive, picture-perfect windows capture dazzling sunsets & 180-degree ocean & coastline views. Art & architectural fans will appreciate the extraordinary design elements that make this property so incomparable.

#5    681 Mountain Laurel Drive, Aspen, Colorado 81611 is listed for sale at $8,995,000.

The median home value in 81611 is $1,386,200. 81611 home values have gone up 13.1% over the past year and it is predicted they will rise 1.4% within the next year. 

This recently remodeled 6 bedroom,10 bath, 6,815 sq.ft. custom home features tasteful finishes and captivating views from Independence Pass to Mt. Sopris. The open floor plan and spacious outdoor terraces are perfect for entertaining. The master suite, office and living spaces are all on the entry level. The family room and 2 guest master suites occupy the middle level and the large entertainment space and 3 additional guest rooms are on the lower level. Two outdoor hot tubs, snowmelt driveway, and oversized two car garage complete this offering just a few minutes east of the center of Aspen.

#6    1437 Hamilton Avenue, Palo Alta, CA 94301 is listed for sale at $7,500,000.

The median home value in 94301 is $4,345,500. 94301 home values have gone up 20.2% over the past year and it is predicted they will rise 6.1% within the next year.

A charming fountain and flowering pots welcome you to this 4 bedroom, 4 bath, 3,195 sq.ft.  Cape Cod style home, situated in sought-after Crescent Park on an ~.26 acre (11,250 sq.ft.) lot. The side entry and lush garden provide privacy and security, and you will love the spacious, sun-filled rooms - especially the sunroom off the family room with intimate views of the back garden and brick entertaining patio with covered dining area and flowering arbor. The charming studio guest cottage has a full bath, electric fireplace, Saltillo tile floor and vaulted ceiling. 2-car garage. Palo Alto schools.

#7    4430 94th Avenue NE , Yarrow Point, WA 98004 is listed for sale at $3,098,000.

The median home value in 98004 is $1,574,400. 98004 home values have gone up 10.8% over the past year and it is predicted they will rise 7.9% within the next year.

New custom home by Milestone Builders in the heart of Yarrow Point. Open floor plan filled with natural light. Smart and sophisticated w/ extraordinary details and materials. Fabulous island kitchen, slab quartz, mud room, bedroom/guest suite w/3/4 bath on main floor, Miele appliances. Covered patio w/ BBQ and bar seating. Gorgeous master suite with huge walk in closet, high ceilings and custom finishes. Huge lower recreational room and upstairs bedroom.

Today's Mortgage Rates

Mortgage Rates Higher, But Not Because Of The Fed
Aug 1 2018, 4:21PM

Mortgage rates were slightly higher today, but not because of the Fed.  Today brought a Fed policy announcement which can be quite a big deal for rates, depending on the particulars.  This time around, those particulars were almost exactly the same as the previous Fed statement.  Investors will sometimes read some significance into such an absence of change, but that wasn't a factor today.

Of far greater importance to rates was an update from the Treasury department that spelled out near-term borrowing plans.  Government spending is funded in large part by the issuance of Treasury debt.  The more debt issued, the greater the supply and Econ 101 tells us what happens when supply rises: prices fall!

While falling prices might sound like a good thing, in the case of Treasury debt, it means investors are paying less to buy bonds.  As bond prices decrease, yields--or interest rates--rise.  While Treasuries don't directly dictate mortgage rates, they are highly correlated.  In general, when 10yr Treasury yields are at long-term highs, mortgage rates will be able to make the same claim, or close to it.  With that in mind, both 10yr yields and mortgage rates hit their highest levels in more than 2 months today.  That said, the move was more apparent in Treasuries.  Mortgage rates just moved back up to Monday's levels, for the most part (which were 2-month highs at the time).

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.73%4.72%+0.013.84%4.79%
15 Yr FRM4.20%4.19%+0.013.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.50%4.50%--4.10%4.81%
5/1 Yr ARM4.02%4.00%+0.023.10%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