Saturday, August 4, 2018

Today's Best Mansions: 

#1    10  Cypress Drive, Pebble Beach, CA 93593 is listed for sale at $35,000,000. 

The median home value in 93953 is $1,685,000. 93953 home values have gone up 6.4% over the past year and it is predicted they will rise 5.7% within the next year.


An elegant estate in an unmistakable setting along the famed 18th Fairway of the Pebble Beach Golf Links. Inspired by the sophistication of French County style, architect John Matthams designed a thoughtful five bedroom home, destined to define the Pebble Beach lifestyle. Its central location between The Lodge at Pebble Beach and The Beach Club places you in the heart of all the activities that Pebble Beach offers. A private courtyard with outdoor fireplace welcomes you into Far Niente, and, once inside, the ocean and golf views will pull you onto the back patio, which features 151 feet of golf course frontage and sweeping ocean views from Pescadero Point across Stillwater Cove and Carmel Beach to Point Lobos. The home offers a formal living room, formal dining room, comfortable kitchen/family room with casual dining area, a second family room and an adjacent wine cellar with dining table for 10. 

#2    9826 La Jolla Farms Road, La Jolla, CA 92037 is listed for sale at $30,000,000. 

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

Razor House with 6 bedrooms, 6 baths and 11,954 sq.ft.  was named after Razor Point- fitting for a property that pays homage to a cinematic landscape where cliffs meet the infinity of ocean. White concrete, stainless steel and glass rise in a cantilevered design, offering some of the most hypnotic panoramas of the Pacific. Nature passes through the house via floor-to-ceiling walls of glass. A detached guesthouse and stunning outdoor terraces, including a rooftop entertaining space with outdoor kitchen and spa reveal a reverence for the surroundings.

#3    1705 Whisky Ridge, Edwards, Colorado 81632 is listed for sale at $29,000,000.

The median home value in 81632 is $913,300. 81632 home values have gone up 7.9% over the past year and it is predicted they will fall -0.6% within the next year. 

This 10,515 square foot single family home has 7 bedrooms and 9.0 bathrooms. It is located  4 mi. from Downtown Edwards. Stunning home designed by Arch. Digest Top 100 recipient, Annabelle Selldorf ( 10,515 sf house with magnificent views of NY Mountains. Adjacent to own private pond & built around central landscaped courtyard, the open, light filled meticulous design fuses the architecture w/ the outdoors. Add'l caretaker's unit 1,354 sf, Gym, outdoor pool, greenhouse & Chicken Coop. Two additional houses and ADUs up to 15,000 sf each can be built on the property.

#4    1251 Shadow Hill Way, Beverly Hills, CA 90210 is listed for sale at $27,350,000.

The median home value in 90210 is $4,953,100. 90210 home values have gone up 8.4% over the past year and it is predicted they will rise 0.2% within the next year.

The best price per square foot for a brand new modern in Prime Beverly Hills! Located at the end of a private cul-de-sac, this absolutely incredible home is now offered for sale. At over 11,000 sq. ft. and with over 180-degree panoramic views, on a high corner lot, it's simply jaw dropping. Enter this 5 bedroom, 7 bath masterpiece with breathtaking views through floor to ceiling retractable glass doors. The oversized chef's kitchen features top of the line appliances. The upstairs level offers a spacious and sleek master suite, two guest rooms, and terrace putting green. The main terrace has one of the most incredible infinity pools built. Soak in the city views, multiple living and dining areas, and a stunning 6-car auto gallery. Entertain on the lower level with a large movie theater, bar, and wine cellar. The most beautiful living wall brings light and nature inside. Views from every level span from Downtown Los Angeles to the ocean and make this home simply the best available.

#5     385 Great Plains Road, Southampton, NY 11968 is listed for sale at $22,000,000.

The median home value in 11968 is $1,470,900. 11968 home values have declined -3.7% over the past year and it is predicted they will rise 9.9% within the next year.

In the heart of Southampton's Estate Section, this superb estate with 10 bedrooms,
10 baths and 13,000 sq.ft. is on 3.4+/- acres, designed by renowned architect Peter Schulte, expresses the classic grandeur of the Village while providing the amenities for gracious 21st century living in a beautifully landscaped, gated and private setting just a few minutes to some of the best beaches in the world. The magnificent 13,000+/- sq. ft. gambrel home, with ten bedrooms, eight full and two half baths, is a home to live in and enjoy life to the fullest. Designed with European flair, all the details and furnishings have been carefully and thoughtfully selected by the owner. At once grand and elegant, yet inviting and welcoming, the home is ideal for entertaining, both indoors and out. Celebrate summer in two screened porches, or on the columned porches and brick patios extending across the rear of the home. In the extensive manicured grounds are the heated saltwater gunite pool with a pool house shared with the sunken tennis court, set away from the house and surrounded by hedges. Off the foyer the light-filled living room features an ornate fireplace and flows to a delightful sunroom. Fireplaces are found in many of the principal rooms, including the sunroom, formal dining room and den. In the spacious, eat-in chef's kitchen, equipped with Viking Professional appliances, find generous counter space, an oversized central island and two pantries; an adjacent informal dining room flows out through French doors to patio areas. The formal dining room features exquisite hand-painted walls, and a wonderful library with custom built-in shelving is a place for quiet conversation or relaxation. Upstairs is the exquisite master suite with its own sitting room, two walk-in closets, luxurious bath and a large office. Six beautifully appointed en-suite guest bedrooms are also on the second floor. The finished lower level hosts a mirrored gym and provides extensive storage space. Outdoors, past the porte cochere, are two detached garages and parking for eight cars. Experience the singular pleasures of Southampton Village estate living in this distinctive home, which is being sold furnished with the exception of artworks. 





#6    9614 Palmetto Park Road, Boca Raton, Florida is listed for sale at $13,000,000.   

The median home value in Boca Raton is $331,200. Boca Raton home values have gone up  4.6% over the past year and it is predicted they will rise 4.4% within the next year. 

Villa Florentyn with 7 bedrooms, 8 baths and 11,500 sq.ft. is a estate just listed. This expansive 5 acre property offers complete privacy amidst a lushly landscaped setting. The outside of this home has been as meticulously considered as the inside. Outdoor amenities include a 37-foot waterfall, a stylish pool with paver bricks, several large ponds, Koi fish pond with over 40 Koi and new tennis courts. Due to the sheer acreage of this estate and multiple use zoning, the life-style it offers can be versatile. The owner recently added spectacular lights and laser lights throughout the property, which brings it to life at night. An extensive walking path weaves throughout the gorgeous property grounds with majestic animal statues discreetly hidden amongst the foliage. Its truly a magical wonderland.The home is a chefs dream as it offers a modern kitchen with high end appliances. The living room brings the outdoors in, with panoramic views of lush foliage and water accents. Unique architectural details are around every corner, some of which have taken the owner 20 years to develop.One may relax by the pool, play a game of tennis, exercise in the 800-square foot gym or watch a movie in the stereo soundproof home theater room as well as having access to all the amenities Boca Raton is known for just minutes away. A membership with the Boca Raton Resort & Club is also included. Travel is a breeze when you have both the Boca Raton and Fort Lauderdale Airports in close proximity.This property is truly unique in that its zoned as residential, commercial, mixed-use and agricultural. The property could serve well as a private residence, an exclusive and luxurious rehabilitation treatment center, or equestrian house or development for a boutique sized condo tower. Half the property is serviced by Gas and the other half electric power. Another important feature of this home is its energy savings ability, as many of the homes features may qualify for LEED certifications which stands for Leadership in Energy and Environmental Design. For example, the walls are insulated concrete, the roof is completely insulated form, and stem wall construction of the foundation. Half the property is serviced by Gas and the other half by electric power (the Master Bedroom suite side of the estate).This Boca Raton gem truly offers the best of both worlds: unparalleled luxury in a pristine location. A standout property in a sea of water-centered listings, the expansive estate will make you feel as if you are living a resort lifestyle, miles away from it all.

#7   9501 NE 1st Street, Bellevue, WA 98004 is listed for sale at $4,595,000

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. 

Exquisite 4 bedroom, 6 bath, 5,720 sq.ft.  view home custom built in 2010 to exacting specs with custom finishes and extras throughout. The SW exposure takes in sprawling views of Meydenbauer Bay from all levels. Open floor plan, oversized rms, high ceilings, spacious kitchen, generous entertaining spaces, temp controlled wine rm and outdoor living spaces all perfect for today's lifestyle. All the best of Bellevue; blocks from Old Main, parks, beaches, restaurants, shopping and more. A stunning urban hideaway. Bellevue Schools!


Today's Mortgage Rates

Mortgage Rates See Glimmer of Hope After Jobs Data
Aug 3 2018, 2:12PM

Mortgage rates fell again today after the jobs report showed slower payroll growth in July and persistently flat wage growth.  On average, this is the most important piece of economic data for interest rates over the years as it speaks both to economic strength and implied inflation (because higher wages are thought to beget higher inflation).  Growth and inflation are two of the most basic building blocks for interest rates.  The higher they are, the higher rates would go, unless there was some special circumstance such as the Fed's bond buying regime during the initial recovery from the Great Recession.  

The bottom line is that today's jobs data didn't do anything to suggest growth or inflation was any higher than anyone thought heading into today.  As such, bonds were able to improve a bit and lenders offered token improvements on rate sheets.  The caveat is that we haven't seen the actual NOTE rate change (the rate that most people are thinking and talking about when it comes to mortgages)--just the EFFECTIVE rate.  The latter takes microscopic changes to upfront costs into account and translates them in terms of an imaginary interest rate.  In other words, if the EFFECTIVE rate is 4.72%, most loan quotes would be 4.75% and a few would be around 4.625%.  If the EFFECTIVE rate moves down to 4.71%, it would imply that the closing costs for your 4.75% quote got slightly lower.

With today's gains, rates have a CHANCE at forming a bigger picture ceiling at this week's highs.  But notably, rates also had a tough time making it through some key floors.  We'd still need to see confirmation of today's improvement before abandoning a defensive, lock-biased stance.

52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.72%4.73%-0.013.84%4.79%
15 Yr FRM4.18%4.19%-0.013.12%4.22%
FHA 30 Year Fixed4.42%4.42%--3.35%4.50%
Jumbo 30 Year Fixed4.48%4.49%-0.014.10%4.81%
5/1 Yr ARM4.00%4.01%-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