Saturday, August 25, 2018

Today's Top  Mansions 

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

#1    2020 Meadow Lane, Southampton, NY 11968 is listed for sale at $38,000,000.    

Encompassing nearly 8 acres of combined Atlantic Ocean frontage and Shinnecock Bay frontage this home boasts spectacular water views and dunescape views from most of the principal living spaces. A gracious 7 bedroom, 8 bath,  7,250 sq.ft. modern floor plan suited for seaside living and entertaining on 2 levels. The main level includes a grand living room, a high-ceilinged dining room and separate library, the newly renovated and installed kitchen is for the most discerning chef. The master suite with glamorous new bathroom and access to the elevated swimming pool offers ocean views and English Garden views. Rolling lawns with flowering borders of established landscaping and trees create an ideal country setting. 


#2    44 Beverly 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. 

#3   1500 South Ocean Blvd., Lantana, Florida 33462 is listed for sale at $24,900,000.

Flawless design, unparalleled construction & craftsmanship elevate this oceanfront masterpiece to a true work of art. This gated 6 bedroom,12 bath, 11,673 sq.ft. home designed by Randall Stoft Architects and constructed by Terry Cudmore Builders was crafted to be one of the finest estates in Palm Beach County. This impressive Ocean to Lake architectural marvel is sited on 178 feet of direct ocean waterfront providing a perfect panoramic experience of the best views living on the water has to offer. The home offers 139 feet of Intracoastal waterfront with a 60 foot concrete dock complete with water and electricity. This elegant estate encompasses 6 bedrooms, 9 full baths, 3 half baths, an Office, a Media/Club Room, Loft, Gym, Office, Elevator, Natural Gas, 4 car garage, Generator, Infinity Edge Pool and Spa. 

The 100 Top Luxury Real Estate Markets Medium Home Values

"Today's Top 3 Mansions"

#1   The median home value in 11968 is $1,464,400. 11968 home values have declined -5.8% over the past year and Zillow predicts they will rise 4.4% within the next year. 

#2     The median home value in 90210 is $4,910,900. 90210 home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.8% within the next year.

#3      The median home value in 90210 is $4,910,900. 90210 home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.8% within the next year.

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Edge Higher, Then Lower
Aug 24 2018, 7:17PM

Mortgage rates began the day slightly higher.  In fact, for several lenders, it was the biggest day-over-day move higher in more than 2 weeks.  The key word here is "was."  Things quickly changed in the mid-morning hours after Fed Chair Jerome Powell delivered his opening address at the Jackson Hole Symposium. 

To make a long story short, Powell's comments erred on the side of being rate-friendly.  It's not that he said the Fed would stop hiking rates or stop winding down its bond buying, but he did saw that the justifications for rate hikes and the bond-buying wind-down weren't especially troubling or urgent at the moment.  

Markets were left with the impression that the Fed was a bit more willing to consider leveling-off its trajectory of tightening.  "Tightening" is usually another word for "higher rates" when it comes to Fed policy and its impact on the mortgage market.  

As underlying bond markets rallied on Powell's comments, more than a few lenders adjusted their rates back in line with yesterday's latest levels, effectively keeping our super flat trend intact for yet another day.
52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.63%4.62%+0.013.84%4.79%
15 Yr FRM4.14%4.13%+0.013.12%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 ARM3.95%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