Monday, August 6, 2018

Today's Best Mansions:

#1     9555 Heather Road, Beverly Hills, CA 90210 is listed for sale at $22,500,000.

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.

9555 Heather Rd, Beverly Hills, CA 90210

Maison Roger, a gated compound with 9 bedrooms, 15 baths and 9,987 sq.ft., rests on approximately 1.3 acres. Originally built by Paul Williams in 1941, the estate was renovated in 2010. The private grounds invite guests to relax in an abundance of private loggias and enjoy the pool/spa, putting green, dry sauna and a waterfall-adjoined Koi pond. 3 separate structures totaling approximately 15,000 SF encompass the lush grounds. The main house boasts 3 ensuite bedrooms, 2 master suites, 2 staff quarters, 7 bathrooms, 3 powder rooms, a formal living room with vaulted ceilings, a chef's kitchen with Viking appliances, an office with private bar, and a media room with wet bar and wine cellar. The separate guest house has a private entrance and includes a 2-car garage, 2 bedrooms, 2 bathrooms, a living room and powder room. The entertainment structure overlooking tennis court boasts a vintage bowling alley that opens to a billiard and game room, VIP bar, and powder room.

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

#2   2345 Lake Avenue, Miami Beach, Florida 33140 is listed for sale at $14,250,000.

The median home value in 33140 is $476,400. 33140 home values have declined -4.6% over the past year and it is predicted they will fall -0.3% within the next year.

Built in 2000 by Bart Reines, Miami''s premier luxury home builder, this 8 bedroom, 8 bath, 6,639 sq.ft. Mediterranean waterfront estate is nestled on a 19,281 square foot lot in the prestigious guard-gated community, Sunset Island III. The estate wraps around an enchanting ivy covered courtyard offering natural light through the spacious formal dining and family room''s arched windows and wood vaulted ceilings. Oversized island kitchen with breakfast area. Master Suite includes private balcony, snack bar and his and hers walk-in closets. Exterior includes 156 feet waterfrontage with dock, wide water views of Sunset Lake, pool and spa, covered entertaining area with built in barbecue and kitchen. 2-story guest house overlooking the pool, additional guest house with kitchenette, and service quarters.

#3    840  Sagaponack Main Street, Sagaponack, NY 11962 is listed for sale at $12,995,000.  

The median home value in 11962 is $3,533,400. 11962 home values have gone up 0.4% over the past year and it is predicted they will rise 9.5% within the next year.

First offering, a stunning marriage between contemporary and country charm best describes this Sagaponack Farmhouse with 8 bedroom, 9 bath, 9,200 sq.ft. estate with, formal dining room, beautifully equipped chef's kitchen with its own living room, first and second floor great rooms, finished lower level with bedroom and bath, playroom and fully equipped gym with full bath. Separate guest quarters feature a 2 bedroom, 1 bath apartment with full kitchen and living room. The outdoor living space allows entertaining poolside with a fully equipped outdoor kitchen, a custom built fire pit with seating, outdoor shower, pool house with fireplace, flatscreen TV, shower, and bathroom. The meticulously maintained grounds boast a raspberry and blueberry orchard that further enhances the beauty and charm of this very special home. A short distance to one of the most beautiful beaches in the world. 

#4   10687 Evans Ridge Road, Parker, Colorado 80134 is listed for sale at $12,950,000.

The median home value in 80134 is $465,800. 80134 home values have gone up 6.5% over the past year and Zillow predicts they will rise 4.1% within the next year.

Originally built as a family/corporate retreat. This amazing residence and horse property has approximately 45,212 sf with an elegant floor plan suited for entertaining on a grand scale. Features include impeccable furnishings, exquisitely detailed finishes, an entertainment wing, formal and informal dining areas, world-class sized wine cellar, and garage parking for 29 cars.The remarkable gated grounds encompass a long private driveway, stocked pond, expertly manicured gardens, and separate caretaker's residence, all set against sweeping panoramic views of the Rocky Mountains. Property Includes all furnishings, art collection, and wine.

The media
 home value in 94941 is $1,550,200. 94941 home values have gone up 5.6% 
the past year and it is predicted they will rise 4.7% within the next year.

This classic-contemporary, shingled estate with 6 bedrooms, 5 baths and 6,785 sq.ft. rests atop a completely private knoll with uninterrupted 360-degree panoramic views of the San Francisco skyline, San Francisco Bay, Alcatraz, the Bay Bridge, the Marin Headlands and Mount Tamalpais. Gated and approached down an extensive private drive, motor court and circular driveway, the approximately 6,785 square foot residence is designed for family living and entertaining on a grand scale, and is located on over five acres of private woodlands, meadows, an extensive trail system and numerous scenic outlooks. The stately home comprises two levels. The main level features a dramatic triple-height foyer, spacious formal living and dining areas, a guest suite with a private entrance, a chef's kitchen with a 10-foot long center island and breakfast area, two wood-burning fireplaces and a massive family room with French doors opening directly onto a wraparound view deck. The upper level has a large living area with direct deck access, an expansive master suite complete with a spa-like bath, dressing room and a sitting area. There are also three additional bedrooms, one of which is en suite, a home office, as well as a sunny exercise room with its own entrance off the upper deck. In addition to the indoor living space, this estate includes a large three-car garage, lots of storage, a covered front porch and sprawling level lawns. This classic hilltop retreat is minutes from San Francisco, yet a world away from it.


#7       685 Ocean Blvd., Coronado, CA 92118 is listed for sale at $10,000,000. 

The median home value in 92118 is $1,781,600. 92118 home values have gone up 3.7% over the past year and Zillow predicts they will rise 4.1% within the next year.

This 3729 square foot single family home has 4 bedrooms and 5.0 bathrooms. Amazing corner lot on Ocean Blvd with incredible PANORAMIC ocean views!! First time on the market in 47 years!! Ocean Front with 180* views from the Hotel Del Coronado to Point Loma. Lot is 10,988 sf allows for 2 dwellings. Remodel or build your ULTIMATE CORONADO BEACH House!

Property photo for 685 Ocean Boulevard, Coronado, CA 92118

1015 Ocean Blvd, Coronado, CA 92118

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