Monday, September 10, 2018

Today's Top Mansions

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

#1    700 Casuarina Concourse, Coral Gables, Florida 33143 is listed for sale at $45,000,000.

Lush, tropical landscaping is the essence of El Palmar, a 9 bedroom, 12 bath and 17,025 sq.ft. is truly unique residence located in the heart of Coral Gables on one of its largest waterfront properties. A majestic, storybook setting crafted by renowned architect Cesar Molina and landscape artist Raymond Jungles. El Palmar is showcased as art, with native species, a stunning koi pond and coral rock pathways harvested on site. An open family room, a quiet library, a 2,000-bottle wine cellar, an expansive kitchen, pub-style bar, living room with fireplace, a private service wing and an elevator. Impressive summer kitchen, large pool and boathouse offer the perfect environment to unwind. A private and custom 110''x36'' boat inlet keeps water-crafts and allows for uninterrupted water views - a total of 335''+/- of water frontage.

#2    9150 Oriole Way, Los Angeles, CA 90069 is listed for sale at $26,000,000.

This large, Paul McClean designed estate with 4 bedrooms, 6 baths and 8,707 sq.ft. is on the Bird Streets front row. Consisting of only 15 properties, the front row is a prestigious Bird Streets location and offers unobstructed jetliner views. Cinematic, bold, and confident, the vistas wrap from Downtown Los Angeles to the Pacific Ocean. Enter a soaring double height living room and marvel at the zero-edge infinity pool that floats in view. Features of this 8,700-square-foot home include a massive cinema, large office, three spacious guest suites, elevator, wine cellar, bar, formal dining room and gourmet kitchen with adjacent entertaining area. Multiple terraces for hosting events on large scale.

#3   6342 La Colinas, Rancho Santa Fe, CA 92067 is listed for sale at $15,995,000.

A true tug-of-war between practicality and total indulgence, this Modern Masterpiece is a dramatic unfolding of exceptional beauty. Situated on over 5 Covenant acres, with direct access to walking & running trails, this 7-bedroom, 11 bath, 13,000 home was redesigned for ease of living! The drama unfolds the moment the private motor gates open. The grounds are a playground for the senses with honed European hardscape throughout, fruit garden, Four Seasons resort pool, tennis court w/ private entrance.The amenities throughout are numerous with 5-star work out facility complete with dry sauna and adjacent outdoor shower, professional director's movie theater, wine lounge & temperature controlled seamless glass wine room, new gourmet kitchen, his & her offices, lap-of-luxury Master suite with beautifully customized his and her couture dressing closets, new spa bath. 

6342 Las Colinas, Rancho Santa Fe, CA


"Today's Top 3 Mansions Medium Home Value .

#1  700 Casuarina Concourse, Coral Gables, Florida 33143 is listed $45,000,000.

The median home value in 33143 is $461,800. 33143 home values have declined -1.6% over the past year and it is predictwd they will rise 2.8% within the next year

#2  9150 Oriole Way, Los Angeles, CA 90069 is listed for $26,000,000.

The median home value in 90069 is $971,600. 90069 home values have gone up 6.3% over the past year and it is predicted they will rise 3.4% within the next year.

#3  6342 La Colinas, Rancho Santa Fe, CA 92067 listed for $15,995,000.

The median home value in 92067 is $2,758,700. 92067 home values have declined -2.3% over the past year and it is predicted they will fall -0.5% 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 Back at Recent Highs After Jobs Report

Sep 7 2018, 2:53PM

Mortgage rates rose moderately today (depending on the lender).  It was enough to bring them back to the highest levels since early August.  Additionally, we can expect them to be slightly higher on Monday unless underlying bond markets improve in Asia and Europe.  Reason being: there was additional weakness in bonds this afternoon and most lenders didn't go to the trouble of adjusting their rate sheet offerings to account for it (though several lenders did).  Weakness in bonds equates to higher rates, in general.

As for underlying causes, today was all about the big jobs report this morning.  Typically, bond markets will weaken if the report shows stronger job creation.  That wasn't exactly the case today.  While the tally of new jobs was higher than expected, it wasn't an impressive result by the time revisions were factored in.  Rather, bonds reacted to a jump in average hourly earnings, which is generally seen as a precursor to inflation.  Inflation is bad for bonds because bond buyers are agreeing to a fixed schedule of payments upfront.  If inflation makes those dollars less potent in the future, investors might not want to pay as much for those bonds today.  And lower prices/demand on bonds equates to higher rates for consumers.

If all that was a bit hard to follow, the bottom line is this: higher wages = higher inflation implications = higher interest rates.  
52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.71%4.70%+0.013.84%4.79%
15 Yr FRM4.19%4.18%+0.013.12%4.22%
FHA 30 Year Fixed4.39%4.38%+0.013.35%4.50%
Jumbo 30 Year Fixed4.36%4.35%+0.014.10%4.81%
5/1 Yr ARM4.02%4.01%+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