Wednesday, September 19, 2018

Today's Best Mansions

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

#1      4541 Brighton Road, Corona Del Mar, CA 92625 is listed for sale at $27,995,000. 


Dedicated to a lifestyle rich in amenities, the essence of eclectic-contemporary harmonizes with seaside elements and enhances the paramount panoramas of the Pacific. Perched on an oceanfront platform, this Cameo Shores Estate with 4 bedrooms, 6 baths and 7,000 sq.ft. provides the finest in location, design and meticulous attention to detail. Executing visionary conception to ultimate completion was a painstakingly four-year mastery that is evident in the concluding structure and character the home exudes. Inspiring spaces, soaring beamed ceilings, walls of glass, and open concept outline 4-bedroom suites plus den. A massive chef's kitchen supplies dual-dishwashers, three ovens, six-burner range with griddle, Miele fridge, bonus double-drawer fridge, butler's pantry with fridge, teak cabinetry, and 2 kitchen islands - one prepping and one breakfast bar. Enriching a sun-drenched coveted coastal location, the infinity pool is tranquilized by the 29-foot waterfall and adjacent to extra amenities of heated loggia, luxurious outdoor bathroom, private guest access, and walls of glass to the lower level entertaining spaces. The private theatre is replete with fully equipped kitchen and elevated gunsmoke onyx bar. Ocean-fronted walls of glass unveil the main outdoor oasis with endless views, an organic concert of crashing waves, built-in BBQ, modern firepit, in-ground spa, and direct beach access. Live the life of luxury and comfort with proximity to renown schools, exquisite dining, famed shopping and world-class beaches.


#2   176 Harcross Road, Woodside, CA 94062 is listed for sale at $24,000,000

One of the largest parcels available on the San Francisco Peninsula. Exceptionally rare 32 acres in Woodside Hills just minutes to Menlo Country Club and only 2 miles to Highway 280. Award-winning formal gardens by the owner of the past 67 years, a Master Gardener, surrounded by rolling grassy hills with native oaks and redwoods, orchards, and potential for cattle/horses. Circa 1933 Pennsylvania colonial 7-bedroom, 8 bath, 7,233 sq.ft. main home, secluded oversized pool, multi-room pool house, barn/garage with overhead 1-bedroom apartment, barbecue house, greenhouse, and gardener's workshop. Extraordinary setting of privacy with close-in convenience and easy commute to either San Francisco or Silicon Valley. Zoned RR with possibility for sub-division.

#3     1672 Galleon Drive, Naples, Florida 34102 is listed for sale at $18,500,000.

This exquisite Port Royal estate is the definition of coastal luxury. Enjoy captivating views from this four-bedroom, five-and-two half-bath, 8,930 sq.ft. home designed by architect John Kukk. The expansive lanai offers a full kitchen, built-in gas grill, fireplace, infinity pool and wide water views of Galleon Cove from one of two docks. The fabulous gourmet kitchen offers walnut burl cabinetry, Blue Jeans granite countertops, venetian chandeliers and a 400-bottle wine cellar. A tranquil master suite boasts dual walk-in closets, master bath with onyx countertops and cherry inlaid bathroom cabinets. Other unique features include a temperature-controlled room for wine or humidor, a commercial air filtration system, security system and cameras, NuVo home audio system, private elevator, and a four-car air-conditioned garage. Eligible for membership to the Port Royal Club.

Today's Top Three Mansions Medium Home Value 

#1        4541 Brighton Road, Corona Del Mar, CA 92625 is listed for sale at $27,995,000

The median home value in 92662 is $2,793,700. 92662 home values have gone up 4.3% over the past year and Zillow predicts they will rise 6.5% within the next year.

#2        176 Harcross Road, Woodside, CA 94062 is listed for sale at $24,000,000.

The median home value in 94062 is $2,228,900. 94062 home values have gone up 19.1% over the past year and Zillow predicts they will rise 6.5% within the next year.

#3        1672 Galleon Drive, Naples, Florida 34102 is listed for sale at $18,500,000.

The median home value in 34102 is $877,200. 34102 home values have gone up 12.3% over the past year and Zillow predicts they will rise 5.7% within the next year.


The 100 Top Luxury Real Estate Markets Medium Home Values for 2017 compared to 2018 YTD

Zip Code     Location                           2017/2018 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Officially Highest in at Least 5 Years
Sep 18 2018, 3:35PM

Mortgage rates edged up to 4-year highs with yesterday's bond market losses and things went from bad to worse today.  Bond markets (which underlie and directly affect rates) are under extreme pressure today and have generally had a very bad September.  Weakness in bonds equates to higher rates.

So why are bonds weak?

In part, this is weakness that was expected way back at the beginning of the year as the tax bill came to fruition and as economic data continued to suggest ongoing expansion.  Given that the inflation/growth outlook was a whole lot worse in 2013 and early 2014 when 10yr Treasury yields briefly crested 3.0%, it stood to reason that those same yields would almost certainly need to move well over 3.0% this time around (inflation/growth are key factors in Treasury yields and rates in general).

After hitting 3.13% in May, 2018, 10yr yields calmed down and managed to hold under 3% ever since, with a few moments of modest exceptions.  Today presents the most serious attack on the 3% ceiling since then, and it begs the question of whether we'll see those previous highs tested.  

Things are slightly worse for mortgage rates, which only generally follow the 10yr Treasury yield.  Back in May, mortgage rates were a little better than they are now, relative to 10yr Treasuries.  As such, today's rates are the highest in at least 5 years for some lenders (there were a few days in the middle of September 2013 that were worse) and the highest in 7 years for any other lenders.   In both cases, we're talking about average conventional 30yr fixed quotes of 4.75% to 4.875% for top tier scenarios.  

Many lenders issued negative reprices today as bonds deteriorated.  A precious few continued to offer the same rates all day.  In those cases, expect those lenders to be offering noticeably higher rates tomorrow morning, barring some miraculous overnight recovery in bond markets.  In general, that's not the sort of thing that it makes much sense to bet on at times like this.  The game plan is to duck and cover.  When the coast is clearer, we'll know it and, rest assured, we'll be talking all about it.

52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.82%4.78%+0.043.93%4.82%
15 Yr FRM4.28%4.25%+0.033.23%4.28%
FHA 30 Year Fixed4.50%4.46%+0.043.50%4.50%
Jumbo 30 Year Fixed4.40%4.38%+0.024.12%4.81%
5/1 Yr ARM4.10%4.05%+0.053.15%4.10%