Wednesday, August 22, 2018

Today's Top  Mansions 

Check out "Today's Top 3 Mansions" everyday at  

Which one is your favorite?

#1     44 Sagaponack Road, Sagaponack, NY 11962 is listed for sale at $13,750,000  

Enjoy this beautiful 2-acre waterfront setting in Sagaponack featuring 300 feet of frontage and direct access to Sagg Pond via your 200' private dock. This recently renovated 6,100 sq.ft., 6 bedroom, 8 bathroom home offers a traditional facade with modern interior features. Inside the home you will find large bay windows providing expansive water views of Sagg Pond. Exquisite details throughout this luxurious two-story home include extensive molding, Brazilian cherry hardwood floors, three fireplaces, a superbly wood-paneled library, and an expansive first floor jr. master bedroom. The decadent kitchen is complete with marble countertops and top of the line Wolf and SubZero appliances.On the second level, you'll find the luxurious master retreat which features a custom fireplace, a balcony, and an expansive modern bath with double sinks, an air-spa tub, glass enclosed shower, and marble floors. Four additional immaculate guest suites and a laundry room complete this level. Soak in the water views on a sunny midafternoon from the comfort of your covered porch in the back of the house, or cool off in the heated gunite pool and spa while listening to the soothing sounds of the manmade koi pond and waterfall. Tranquility, convenience, appeal, and beauty anticipate the discerning purchaser in this waterfront masterpiece, located just a short distance to ocean beaches and Bridgehampton's Main Street.

#2   1108 Via Mirabel, Palos Verdes Estates, CA 90274 is listed for sale at $10,900,000.   

Situated on nearly an acre of lushly landscaped grounds, this  custom-built estate awaits. Majestic, yet comfortable, this 6 bedroom, 8 bath, 10,079 sq.ft.  home has it all. An impressive entry immediately sets the tone with dual staircases. Multiple living spaces include a grand living room overlooking the amazing backyard, a handsome "man-cave" / library, a large formal dining room and a spectacular family room. The chef's kitchen has a center island and adjacent breakfast room. There's even a homework / computer room off the kitchen. Upstairs, you'll find 5 large bedroom suites, including the palatial master-suite, complete with his and her separate bathrooms, 2 walk-in closets, and a large sitting room. Outdoors, you'll find numerous verandas and patios, a large grassy yard, as well as a sparkling pool and spa. Do you like wine? Enjoy a magnificent wine cellar with tasting room. Last, but certainly not least, guests will enjoy a private two-room Guest House, complete with fireplace. The gated driveway leads to the spacious 4 car garage. Air conditioning, high ceilings with crown molding, and expansive views of the ocean, coastline and city lights are just a few of the "extras". 

#3      355 14th Street, Del Mar, CA 92014 is listed for sale at $8,500,000.

This 6000 square foot single family home has 5 bedrooms and 7.0 bathrooms..Privately situated on close to a half acre lot in the Village of Del Mar, this enchanting English Tudor estate boasts panoramic ocean views, a full-sized tennis court, a sparkling pool, a detached guest house w/ full bathroom, kitchen & washer/dryer, & lush gardens throughout making it one of the most incredible & rare opportunities in the area. Walk to award winning restaurants, the best shopping & beautiful white sand beaches. Do not miss this special opportunity with unlimited potential!!

The Top Luxury Real Estate Markets with Medium Home Values

"Today's Top 3 Mansions"

#1      The median home value in Sagaponack, NY 11962 is $2,675,400. 11962 home values have gone up 17.2% over the past year and it is predicted they will rise 9.4% within the next year.

#2      The median home value in Palos Verdes Estates, CA  90274 is $1,790,900.  90274 home values have gone up 2.2% over the past year and Zillow predicts they will rise 5.1% within the next year.

#3     The median home value in Del Mar, CA 90214 is $1,817,400. 92014 home values have gone up 2.7% over the past year and Zillow predicts they will rise 3.3% within the next year. 

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates
Mortgage Rates Little-Changed Ahead of Fed Minutes
Aug 21 2018, 4:08PM

Mortgage rates were generally unchanged again today although several lenders were in just slightly better territory.  That makes this the 8th straight business day with almost no change in mortgage rates.  During that time, underlying bond markets have improved slightly.  Normally, those improvements would translate to modest improvements in rates, but lenders are waiting for a bigger breakout that, thus far, has failed to materialize.

If there is an event on the near-term horizon that will prompt such a breakout, it's not clear what it will be.  Tomorrow brings the occasionally-important Fed Minutes release.  This isn't a new policy announcement, nor is it a venue for the Fed to make any changes to rates or bond buying protocol.  Rather, it's just a detailed account of the Fed meeting that took place 3 weeks ago.  That meeting was fairly ho-hum, best we can tell from the policy announcement that followed, but there's always some chance that the Fed talked about something that will change the way investors feel about interest rate risks going forward.
52 Week Range                                         Today  Yesterday                                  Low/High 

30 Yr FRM4.63%4.63%--3.84%4.79%
15 Yr FRM4.13%4.13%--3.12%4.22%
FHA 30 Year Fixed4.37%4.37%--3.35%4.50%
Jumbo 30 Year Fixed4.35%4.36%-0.014.10%4.81%
5/1 Yr ARM3.97%3.98%-0.013.10%4.02%
Looking for more information?  Have a comment regarding any of my choices for Today's Top 3 Mansions?  Please email me at  Most importantly have a great day!

Tom Furino