Tuesday, September 25, 2018

Today's Best Mansions

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

#1    1303 Park Way, Beverly Hills, CA 90210 is listed for sale at $25,000,000

Located on one of the most desired streets in The Flats, House overlooks the Iconic Beverly Gardens Park and is only a few step away to Rodeo Dr. "Golden Triangle" shopping district and finest dining. The home with 6 bedrooms, 8 baths and 8,354 sq.ft. was constructed with a rich palette of the finest building materials and features unparalleled craftsmanship. Six bedrooms and eight bathrooms, complete with elevator to all 3 levels, spacious home theater, wine cellar and Fully automated smart home technology controls the entire home including automatic curtain and blind shut. An entertainerâs dream back yard with an outdoor build in BBQ deck, multiple conversation areas, pool, jetted spa, all surrounded by lush gardens and trees that provide extra privacy.An achievement in design and architecture. This home is truly a cut above the rest. A recipient of a 2015 Beverly Hills Single Family Residential Design Award, this custom built home exudes a warmth rarely seen in Contemporary architecture.

#2     430 N Mashta Drive, Key Biscayne, Florida 33149 is listed for sale at $19,500,000

One of kind waterfront property with 6 bedrooms, 8 baths and 5,000 sq.ft. sits in 2 lots (430 and 460 N Mashta): total of 36072 sq.ft of land, epitome of privacy and high end construction, overlooking wide water-view (Smugglers Cove) and the Florida State Park. Direct access to open water within 2 minutes. Completely gated with state of the art security system all around the residence. 2 docks for large yachts, brand new seawall. Formal dining, 3 reception areas, wine cellar, Over-sized master suite offers breathtaking views, elegant wood paneling work, 2 large custom walk in closets and fabulous master bathroom. 3 bedrooms on 2nd floor. Media room with German technology TV and sound system. Professional gym area w/ tatami area, sauna, steam and full bathroom. Most of the areas looking to pool and water.

#3   1607 28th Street NW, Washington, DC 20007 is listed for sale at $18,000,000

Discreetly veiled by ivy and a majestic magnolia tree, Brooke House with 8 bedrooms, 11 baths and 9,450 sq.ft.  presides prominently over Upper Georgetown from one of the finest locations in Washington. Once a part of the neighboring Evermay Estate and former home to Senator Ted Kennedy, the original property dates to 1887. Behind the house, formal gardens yield to views of the magnificent grounds of Evermay, one of the most important gardens in the city. The scale and quality of Brooke House is exceptional for Georgetown. The original residence was joined by an impressive addition in the 1950''s. Under the talented guidance of Christian Zapatka, this home was recently reimagined and renovated while retaining its Edwardian elegance.Guests to Brooke House are greeted by a generous reception hall with classic marble flooring. Adjoining the reception hall, the formal living room is graced with walnut parquet flooring, high ceilings, a fireplace, and a wall of French doors and windows overlooking a bubbling fountain in the center of the courtyard. Beyond the formal living room, an elegant floating staircase with wrought iron and lacquered railing invites the eye upward, while the view down the main hall reveals an inviting breakfast room, family room and chef''s kitchen. Also on the main level, a paneled study is encased with solid mahogany, featuring coffered ceilings and generous bookshelves. The garden is accessible through walls of French doors from both the family and living rooms offering a serene and private escape consisting of boxwood terraces, mature plantings, a pergola for outdoor dining, and a peaceful lily pond which ties the outdoor expanse to the adjacent grounds of Evermay.The master suite occupies the entire second level of the residence, providing a luxurious and private escape. Boasting his and hers dressing rooms and a spectacular master bathroom, the dimensions and detail create the effect of a personal spa. The marble and limestone detailing runs full height to enhance the timeless feeling of the space, while the luminous fixtures, all from Waterworks, further the effect. In addition to the master suite, the family quarters include 8 bedrooms with en-suite baths.Downstairs, a richly paneled billiard room, generous wine cellar, and additional service rooms lead to a motor-court accommodating parking for eleven cars, a true rarity even in Georgetown's prestigious East Village.

Today's Top Three Mansions Medium Home Value 

#1    1303 Park Way, Beverly Hills, CA 90210 is listed for sale at $25,000,000

The median home value in 90210 is $4,917,900. 90210 home values have gone up 6.1% over the past year and it is predicted they will rise 3.6% within the next year.

#2    430 N Mashta Drive, Key Biscayne, Florida 33149 is listed for sale at $19,500,000             
The median home value in 33149 is $1,084,900. 33149 home values have declined -10.8% over the past year and it is predicted they will fall -2.0% within the next year.

#3    1607 28th Street NW, Washington, DC 20007 is listed for sale at $18,000,000

The median home value in 20007 is $993,100. 20007 home values have gone up 4.4% over the past year and it is predicted they will rise 4.0% 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 Treading Water Near Long-Term Highs
Sep 24 2018, 3:38PM

Mortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases.  Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the question although 4.875% remains far more prevalent for borrowers with lots of equity/down-payment and top-tier credit.  Either way, that's as high as mortgage rates have been since 2011 for most lenders.

Most of the recent damage had been done by Wednesday afternoon of last week.  Since then, underlying bond markets haven't been moving as much, relatively.  This could have everything to do with Wednesday's Fed Announcement where the Federal Reserve will undoubtedly hike its policy rate and release updated economic forecasts.  Incidentally, today's rates already fully account for the Fed hiking rates on Wednesday.  Instead, it's the forecasts that stand the biggest chance to cause more volatility.  By Thursday morning, we can expect to have a much clearer sense of whether the recent rate drama will continue. 

52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.86%4.85%+0.013.93%4.87%
15 Yr FRM4.31%4.30%+0.013.23%4.32%
FHA 30 Year Fixed4.48%4.48%--3.50%4.50%
Jumbo 30 Year Fixed4.40%4.40%--4.12%4.81%
5/1 Yr ARM4.04%4.05%-0.013.15%4.12%