Friday, August 31, 2018

Today's Top  Mansions 

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

#1    1028 Skyland Drive, Zepher Cove, Nevada 89448 is listed for sale at $34,500,000.

This 20,752 square foot single family home has 8 bedrooms and 13.0 bathrooms This luxurious estate built originally in 1963 by William Harrah, was completely Re-Desgined and Re-Modeled in 2018. With over 20,000 SF of interior space and impeccable amenities and finishes not found in 5-Star Resorts, which includes a Himalayan Salt Cave and Cold Plunge Baths. The property was built to maximize beautiful Lake Tahoe and the amazing mountain views, with private beach access into Lake Tahoe.

#2    387 Ocean Blvd., Golden Beach, Florida 33160 is listed for sale at $27,500,000.

Live where the ocean meets the sky. This rare beachfront home with 6 bedrooms, 9 baths, and 11,599 sq.ft., one of only a few found exclusively on Golden Beach, is a true masterpiece with beyond extraordinary direct ocean views. Sitting on a 41,750 SF lot with 150 ft of direct oceanfront on the sparkling Atlantic Ocean, this estate is perfect for an elegant outdoor lifestyle with a private deeded beach, large outdoor entertainment areas, a captivating oval-shaped pool, a pool cabana and catering kitchen. The residence also includes a fitness studio, movie theater, guest house with a living room and kitchen and an additional guest apartment. Feel like you're on a permanent vacation in this unprecedented oceanfront estate offering a once-in-a-lifetime opportunity for a unique and tranquil living experience.

#3   1050 Cold Springs Road, Santa Barbara, CA 93108 is listed for sale at $13,500,000.

A youthful spirit lives here! Crafted from a singular vision, Ca di Sopra (meaning "House Above the Clouds") is a modern day heirloom estate with 7 bedrooms, 8 baths and 13,053 sq.ft. embracing the style, design and romance of the Golden Age of architecture from the early 1900's. Architectural pedigree and authenticity marry graciously with modern sensibility and luxe amenities for living the much sought-after California way of life. With a nod to the past and a step into the present, this revitalized Mediterranean residence, located on a prominent lane of world class estates, stands alone as an enviable property on over 6 ocean view acres. Offering unlimited possibilities, Ca di Sopra is not just a home, but a lifestyle - be yourself here!

The 100 Top Luxury Real Estate Markets Medium Home Values

"Today's Top 3 Mansions"

#1     The median home value in Zepher Cove, Nevada 89448 is $782,100. 89448 home values have gone up 15.7% over the past year and it is predicted they will rise 13.0% within the next year.

#2   The median home value in Sunny Isles' Golden Beach, Florida is $409,200. Sunny Isles Beach home values have gone up 4.7% over the past year and it is predicted they will rise 4.6% within the next year.

#3   The median home value in Santa Barbara, CA 93108 is $3,042,500. 93108 home values have gone up 4.0% over the past year and it is predicted they will fall -0.1% within the next year.

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates
Mortgage Rates: If You Like Boring, You're in Luck!
Aug 30 2018, 3:17PM

Mortgage rates didn't move at all, again today.  There really hasn't been any meaningful movement for more than 3 weeks.  The same thing happened from late June through mid July.  And if we broaden our definition of "sideways" just a bit, we can legitimately fit most of 2018 into the same conversation.  Just about the only thing that's interesting about recent rate movement is that it continues to keep us generally closer to the highest levels in 7 years.

Part of the current problem is simply the time of year.  It's not uncommon to see underlying bond markets consolidate at some point in the summertime months before breaking higher or lower in September.  The difference this time around is that part about 2018 being broadly sideways for the entire year.  That would seem to suggest indecision among traders as to whether or not long-term rates (like 10yr Treasury yields and mortgages) really need to move any higher.  After all, the fact that they "needed" to move higher was (and still is) so abundantly clear based on market fundamentals that traders are making a record amount of bets on rates continuing to rise.  Paradoxically, this could be a blessing in disguise because when everyone is making the same bet in financial markets, no one makes money and something has to change.  
52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.66%4.66%--3.84%4.79%
15 Yr FRM4.17%4.17%--3.12%4.22%
FHA 30 Year Fixed4.38%4.38%--3.35%4.50%
Jumbo 30 Year Fixed4.35%4.35%--4.10%4.81%
5/1 Yr ARM3.99%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