Monday, September 3, 2018

Today's Top  Mansions 

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

#1    9719 Heather Road, Beverly Hills, CA 90210 is listed for sale at $24,500,000.

Settled on nearly 4 acres, minutes from the heart of Beverly Hills, this exquisite 5 bedrooms, 8 baths and 10,050 sq.ft. French contemporary tennis court estate has just completed an extensive renovation. Designed for entertaining, grand-scale interiors boast high ceilings, contemporary fixtures, marble finishes and floor-to-ceiling windows for abundant natural light throughout. Upscale living spaces include a professional chef's kitchen with breakfast nook, formal dining room, great room, library with bar, big-screen theater and climate-controlled wine cellar. Upstairs, the luxurious master suite features dual walk-in closets and baths, in-room bar, fireplace and private terrace. French doors open to sprawling grounds, complete with rolling lawns, expansive pool terrace, stunning fireplace, outdoor kitchen, plush seating, tennis court, mini golf course and a private vineyard overlooking majestic views of the city, ocean and mountains.

#2    300 Sagaponack Road, Bridgehampton, NY 11932 is listed for sale at $24,000,000

If privacy and serenity is what you crave, look no further. This 13.57+/- acre retreat with 5 bedrooms, 7 baths and 6,640 sq.ft.south of the highway set in Bridgehampton is truly one-of-a-kind. Consisting of two single and separate lots, the property exudes a park-like setting with apple orchard, magnificent specimen trees and landscaping, and a one acre pond with dock and boathouse. The main house has been carefully curated by a renowned designer has taken the property to an elevated level of luxury. Consisting of 5 bedrooms, 6 and a half baths, chef's kitchen, and ample space for entertaining both indoors or out on the multiple outdoor covered patios. The boathouse has a full bath, bonus room and magnificent outdoor living area with fireplace. If you are in search of a peaceful oasis in the heart of the Hamptons, serenity awaits.

#3   15212 East Exeter Blvd., Phoenix, AZ 85018 is listed for sale at $12,950,000.

Completed in 1952, the David and Gladys Wright House is one of three spiral designs realized by Frank Lloyd Wright and is considered to be a precursor to the Guggenheim Museum in New York City. The concrete block home sits on ~5.9 acres in the Arcadia neighborhood of Phx and enjoys sweeping views of Camelback Mountain. The  3 bedroom, 4 bath, 2,553 sq.ft. main house has been partially updated, but requires additional rehabilitations, including necessary structural and electrical repairs. The offer includes reproductions of the signature ''March Balloons'' carpet designed by Wright for the living room and a dining table and chairs. The 1 bedroom  guest house has been recently restored. An application for Historic Preservation-Landmark status is pending with the City of Phoenix.

See the source image

kitchen of 1952 Frank Lloyd Wright house in Phoenix ~ Built for his son David Wright

"Today's Top 3 Mansions" Medium Home Value

#1   Beverly Hills, CA 90210

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

#2   Bridgehampton, NY 11932

The median home value in 11932 is $2,599,300. 11932 home values have gone up 15.2% over the past year and it is predicted they will rise 4.6% within the next year.

#3   Phoenix, AZ 85018

The median home value in 85018 is $545,100. 85018 home values have gone up 13.3% over the past year and it is predicted they will rise 9.9% within the next year.

The 100 Top Luxury Real Estate Markets Medium Home Values

Zip Code     Location                        County                         2017 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates End Week Near Best Levels
Aug 31 2018, 5:09PM

Mortgage rates caught a break to end a week that was otherwise spent moving higher.  Although we did see a bit of improvement in underlying bond markets yesterday, lenders were still getting rate sheets caught up with Wednesday afternoon's bond market weakness.  As such, we were left with a decent trading day but no improvement in rates.
In order to see that improvement, we needed this morning to bring stronger trading levels and that's exactly what it did.  Lenders were consequently able to offer token improvements in the upfront costs attached to the same old rate quotes that have prevailed for weeks.

In other words, bond markets aren't moving enough for actual mortgage rates to change.  Instead, movement is limited to the upfront costs (or credits) associated with any given loan--something that allows for finer tuning than the typical .125% gap between mortgage rate offerings. 

Monday is a bank holiday.  Virtually every mortgage lender will be closed, and unable to process rate lock requests.  Lenders will not be updating rate sheets until Tuesday.
52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.65%4.66%-0.013.84%4.79%
15 Yr FRM4.15%4.17%-0.023.12%4.22%
FHA 30 Year Fixed4.37%4.38%-0.013.35%4.50%
Jumbo 30 Year Fixed4.33%4.35%-0.024.10%4.81%
5/1 Yr ARM3.98%3.99%-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