Friday, August 24, 2018

Today's Top  Mansions 

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

#1   979 Red Mountain Road, Aspen, Colorado 81611 is listed for sale at $29,000,000

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Designed by acclaimed Aidlin-Darling this Red Mountain home is a modern architectural masterpiece with 6 bedrooms, 10 baths and 9,737 sq.ft.. Classic meets contemporary with a masterfully-curated mix of organic finishes. This home is the pinnacle of indoor-outdoor living with an 80 foot infinity pool, expansive travertine patio and outdoor kitchen.Recently installed new media room with the latest in technology.A home gym that is ready for your workouts. Numerous upgrades since the home was built. An absolute stunning home with spectacular views.

979 Red Mountain Rd


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#2   60-80 Clear Creek Road, Napa, CA 94558 is listed for sale at $25,500,000.

Located on approximately 285 acres on a crest of the Mayacamas Mountains, above the valley floor off the Oakville Grade, this immaculate 8 bedrooms, 8 bath, 10,592 sq.ft. estate with spectacular panoramic views of Napa Valley and Vineyards. Interiors by Russell Groves combines sophisticated resort ranch living with California indoor-outdoor architecture. Featured in Architectural Digest and GQ, this trophy residence presents an unparalleled opportunity to purchase not only a piece of architecture with enveloping views, but also a chance to own a frame of mind - one of privacy, peace and tranquility. The estate comprises three parcels: an approximately 123-acre parcel with main house and guest home, an approximately 67-acre parcel, and a 95-acre buildable parcel. The main residence is approximately 9,502 square feet with 6 bedrooms and 5.5 bathrooms. Majestic open-plan living areas ideal for entertaining with triple height ceilings open to expansive terraces, level lawns and infinity edge swimming pool and manicured, drought tolerant gardens. Additional highlights include a gourmet kitchen, butler's kitchen, wine room, home theater, office/library, and spa-worthy master bathroom with a private meditation garden and outdoor shower. Top of the line appliances, state of the art home audio and security, and master craftsmanship throughout further the allure. The guest house located near the tennis court and a childrens play ground is approximately 1,090 square feet with 2 bedrooms, 2 bathrooms and a kitchenette. No detail or expense has been spared on this awe-inspiring hilltop retreat. 

#3   7046 North 59th Place, Paradise Valley, AZ 85253 is listed for sale at $22,880,000.

Welcome to Bella Paradiso. Perched high on the southern side of Mummy Mountain, among the breathtaking landscape of Paradise Valley, lies one of the region's most important residences. In addition to uncompromising luxury in a resort like setting, the immaculately designed living spaces with 5 bedrooms, 10 baths and 20,000 sq.ft. combines beautifully with 180-degree views of the spectacular mountains. The residence is approached by a gated driveway where you are greeted by a classic European style façade, whose elegance is a subtle indication of the magnificence of the interiors. Through the elaborate glass and iron front doors, you are initially stunned by the scale of the rooms, the quality of the finishes, and the mountain view. The large open plan formal living space includes the living room, dining room, and game room with a full bar with a lavish environment rich in detail created by renowned NY designer Jamie Herzlinger. The floorplan flows into another extraordinary room which features the kitchen, family room and casual dining area. In a home built to entertain in style, the kitchen delivers unparalleled capacity to cater with two huge center islands, beautiful and rare imported marble counter tops, the finest appliances and a full butler's pantry. Large doors from the dining area lead you to the rear balcony, where you experience the luxury, scale and facilities of a five star hotel. Steps lead down to a generous patio with hot tub and a large classic swimming pool, offering the ultimate sophisticated space to enjoy the warm Arizona climates. The exquisite master bedroom suite continues the theme of exceptional quality and refinement with a large bright bedroom, fireplace, private sitting room, a star inspired bathroom, and fitted closets. To set this home apart in its ability to entertain, it includes an extraordinary ballroom with a private entrance and the ability to accommodate up to 200 guests in an aesthetically beautiful setting, which can also be used as a garage to showcase up to 20 vehicles. Bella Paradiso is unique in its ability to function as an intimate family home of incredible elegance, and entertain the grandest of events with ease.

The 100 Top Luxury Real Estate Markets Medium Home Values

"Today's Top 3 Mansions"

#1    The median home value in Aspen, Colorado 81611 is $1,369,000. 81611 home values have gone up 10.8% over the past year and it is predicted they will rise 9.7% within the next year.

#2     The median home value in Napa Valley, CA 94558 is $660,000. 94558 home values have gone up 4.2% over the past year and it is predicted they will rise 5.7% within the next year.

#3    The median home value in Paradise Valley, AZ 85253 is $1,495,300. 85253 home values have gone up 2.7% over the past year and it is predicted they will rise 5.9% within the next year.

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Extend Impressively Flat Trend
Aug 23 2018, 4:55PM

Mortgage rates have been more or less unchanged since August 10th.  That's an impressively boring streak even by summertime standards.  Why does summertime matter?  Simply put, rates are ultimately a factor of trading that's conducted directly or indirectly by humans.  Humans tend to feel and act more "vacationy" in August, whether they're in the office or not!  While this dynamic can sometimes create imbalances that cause volatility, the typical result is lower volatility.  We've seen 2 great examples of this so far this summer--first in late June through late July, and now over these past 2 weeks.

The flat trend will change sometime fairly soon, but HOW soon is anyone's guess.  Tomorrow brings the Federal Reserve's Jackson Hole symposium, which has been an event that has broken such stalemates in the past.  It's been less prone to do so in the past few years, but the wildcard is that this will be the first year with the new Fed Chair Jerome Powell.  Given that he has a few opportunities to address recently hot topics, there's some small chance that rates begin to perk up as early as tomorrow.  
52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM
15 Yr FRM4.13%4.13%--3.12%4.22%
FHA 30 Year Fixed4.37%4.37%--3.35%4.50%
Jumbo 30 Year Fixed4.34%4.34%--4.10%4.81%
5/1 Yr ARM3.96%3.96%--3.10%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