Sunday, August 19, 2018

Today's Top  Mansions

Which one is your favorite?  Check out "Today's Top 3 Mansions" everyday

#1      44 Beverly Park Circle, Beverly Hills, CA 90210 is listed for sale at $33,000,000

Superbly refined European Villa located behind the ultra-exclusive gates of Beverly Park North. Sited on over 1.8 lush acres, this opulent residence offers 7 bedrooms, 13 baths and 17,100 sq.ft. of exquisite living space. Artisan quality finishes are highlighted by soaring 30-foot ceilings, hand-painted murals, and Italian stone floors. The palatial master bedroom affords dual spa-inspired baths and two boutique worthy walk-in closets. Six additional en-suite bedrooms complete the main house. The guest residence is nothing short of magnificent with a formal living area, kitchen, & large sleeping quarters. An elevator leads to a spacious game room and 12 seat theater, & world-class gym with dry sauna steam shower and spa area. The heart of the home is a lavish chef's kitchen with Onyx counters, large breakfast room, and jewel-like La Cornue Stove. Private park like grounds are highlighted by rolling lawns, pool, spa, & cabana. A true oasis in one of Beverly Hills most prestigious enclaves.  


#2      918 Castle Creek Road, Aspen, Colorado 81611 is listed for sale at $14,950,000.

Land, water and legacy describe this 11.3 acre riverfront property adjacent to the city of Aspen that has been in the same ownership for the last 60 years. This represents a true connection to the river with the 4,333 sq.ft, 6 bedrooms, and 5 baths.  Enjoy the guest house which is literally on the water's edge and impossible to recreate today. Just as important is the private bridge that takes you over Castle Creek to a park-like setting with vast lawn areas, fire pit and a trail to S. 7th Street. This rare opportunity to engage with nature is less than a mile from Aspen.  

#3    701 Gage Drive, San Diego, CA 92106 is listed for sale at $13,750,000.

Situated on one of Point Loma’s largest lots Casa Magnifica offers extraordinary access to the luxury lifestyle. Years in the making, the primary residence boasts 4 bedrooms, 10 baths and 13,340 sq.ft. Enjoy a colossal Master Floor centered around views that harmonize ocean, bay and an active city skyline plus two 1+bedroom guest houses. Relax on the many balconies or plush green lawns while enjoying ocean breezes and watching ships pass by. The amenities here are rich and varied and in part consist of the following: multiple entertainment areas, a magnificent formal dining room, 2,500+ bottle wine cellar, his and her offices, manicured grounds, resort pool/spa, separate lap pool, game room, gym, and tennis court. Two independent guest suites are situated over the secondary garage which offers additional parking housing up to ten vehicle.  Come “live the good life”! 

The Top Luxury Real Estate Markets with Medium Home Values

"Today's Top 3 Mansions"

#1      The median home value in Beverly Hills, 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.

#2      The median home value in Aspen, 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.

#3      The median home value in San Diego 92106 is $1,106,700. 92106 home values have         gone up 8.9% over the past year and it  is predicted they will rise 1.9% within the next year

Zip Code     Location                        County                   2017 Medium Sale Price

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%

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