Thursday, September 6, 2018

Today's Top Mansions

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

#1   31251 Bluff Drive, Laguna Beach, CA 92651 is listed for sale at $28,750,000.

One of a Kind Masterpiece! Fabulous Antique Italian - French Country Ocean Front Estate with 5 bedrooms, 7 baths and 4,350 sq.ft. is located on almost one acre with approximately 180 Feet of Ocean Frontage. Panoramic Ocean, North Coast, City Lights, Catalina and Sunset Views Year-round. Simply the Finest Craftsmanship and Materials Available (Imported from Around the World) were used in this Virtually Brand New Home. Detached, Private, Guest House Suitable for your Most Sophisticated Guests. This Residence is Truly One of a Kind in Every Aspect. Surrounded by Tall Vine Covered Stone Fences, this Extremely Private Home has a Large Courtyard behind Rod Iron Privacy Gates that Welcomes you. Meander Through the Manicured Gardens with Imported Statuary, Historic Trees, Fountain, Outdoor Fireplace, all with an Ambiance Second to None. Indoor & Outdoor Living at it's Finest with Every Conceivable Amenity. Ocean Front Pool and Spa. Rambling Gardens with an Abundance of Private Patios and Seating Areas, All with Breathtaking Ocean Views. The List of Fabulous, Unique, Imported Features are Endless. Certainly, a Fantastic Residence for the Discerning Owner that Desires and Demands only the Finest. This Property will Make you Proud! Completely Remodeled in 2008.

#2   6116 Merrit Drive, Malibu, CA 90265 is listed for sale at $18,000,000.

6116 Merritt Dr, Malibu, CA 90265

Beautifully situated on approx. 7 ocean view acres, this Spectacular Malibu Park Estate with 5 bedrooms, 8 baths and 11,605 sq.ft. is being offered for the very first time. Meticulously cared for one story Villa offers timeless elegance. The spacious (approx. . 10,887 square foot) main home features: a formal living room, huge dining room, library, office, sitting room, gourmet cooks kitchen, breakfast room, media room, expansive main bedroom suite with gym, office & 2 bathrooms, 5 additional bedroom suites, staff quarters, 10 bathrooms, 6 car subterranean garage. A separate self-contained guest house, pool, spa, tennis court, vegetable gardens, bocce ball court, rose garden, fruit trees and additional storage buildings add to the expanse of this property. Great care has been taken to create a seamless setting of indoor/outdoor living with all the rooms opening onto the majestic gardens, sprawling lawns, winding flower lined pathways and amenities. This one of a kind Very Special Property offers a most incredible lifestyle.

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

6116 Merritt Dr, Malibu, CA 90265

#3   50 Wooster Street, #5N, New York, NY 10013 is listed for sale at $16,995,000 


Futuristic Unique Charm...Ensconced on the 5th floor of a six-story 1895 Romanesque cast-iron building with historical charm in the heart of SoHo is this 3 bedroom, 4 bath, 4,800 square-foot modern turn-key wonder. A private elevator opens into a foyer anchored by custom-curved bookshelves, open living area, floor to ceiling arched windows and French glass doors that opens onto an expansive 550 sq ft. private terrace. This Fully furnished home offers European oak floors, custom lighting by world renowned Herve Decottes, SONOS speaker system, humidifier and central air. Lighting and temperature zones are controlled by RTI/Lutron home automation system through keypad or remotely via phone app, allows you to adjust the amount of light, temperature and media throughout the home. The loft's entertainment area complete with bar, with a Fisher & Paykel beverage freezer/fridge. The media center offers 75 inch Samsung 4k LED television, Artison Studio soundbar, Apple TV, Sony Blu-ray player, and a Velodyne 8 subwoofer. The open cook's kitchen has Caesarstone countertops, custom cabinetry and equipped with Gaggenau and Miele appliances. Adjacent pantry offers Miele washer/dryer/microwave, a second Miele dishwasher, a Liebherr Wine cooler, utility sink, and additional storage space. Follow the curved walls to the spacious master suite complete with Eco-Smart fireplace, motorized shades and headboards, give you the choice to face the fireplace in the winter or enjoy the tranquility of your private balcony during the summer. Floor-to-ceiling wardrobes have custom lighting, motorized clothes rods and adjustable floor-to-ceiling shelving. The master bath offers top-of-the-line finishes, which include a raw copper spa tub, an enclosed glass shower, porcelain heated flooring, Laufen bidet, custom glass mosaic wall tiles and windows that can become frosted for additional privacy. Both secondary bedrooms offer motorized lighting and shelves and have their own TVs. The largest of the two secondary bedrooms equipped with a custom motorized system for two Tempur-pedic twin mattresses can be elegantly combined into one king size bed. The second guest bathroom has a Steamlist steam shower. The unique powder room with a Sensitile wall, offers different color combinations, Antonio Lupi and Laufen fixtures. Constructed in 1895, this Landmark building offers the essence of true loft living with a balance of nature with state of the art futuristic design details and unique amenities.

"Today's Top 3 Mansions" Medium Home Value 

#1    Laguna Beach, CA 92651

The median home value in 92651 is $2,190,900. 92651 home values have gone up 3.2% over the past year and it is predicted they will fall -0.9% within the next year

#2    Malibu, CA 90265 

The median home value in 90265 is $2,970,100. 90265 home values have gone up 8.6% over the past year and it is predicted they will rise 2.9% within the next year.

#3    New York, NY 10013 

The median home value in 10013 is $3,092,700. 10013 home values have declined -3.9% over the past year and it is predicted they will rise 2.0% 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 Highest in Nearly a Month


Sep 5 2018, 3:58PM

Mortgage rates have only been moving higher gradually, but things are adding up.  Today's move brings them to the highest levels in nearly a month.

In recent weeks, I've made it a point to qualify the actual pace of the movement by drawing a distinction between actual interest rates and the upfront costs associated with those rates.  Because mortgage lenders tend to offer rates in 0.125% increments, it takes a certain amount of market movement before the average loan applicant would see a change in their quoted rate.  But bond markets are moving every day.  Upfront costs allow lenders a way to fine tune a loan quote.

How many days can we see small increases in these upfront costs before actual interest rates begin to change?  As it happens, today is probably the first day where a majority of lenders would be quoting rates 0.125% higher than they were a few weeks ago.  Realistically, however, this should always be a "net present value" calculation for prospective borrowers.  Would you rather have a higher monthly payment and pay more upfront?  Or vice versa? 

In other words, borrowers could still decide to go with the same interest rate quoted 2 weeks ago, but the upfront costs would be high enough that most would consider simply moving up to the next 0.125% higher in rate and erasing the increase in upfront costs.  To oversimplify, here's an example with a $200k loan:

Scenario 1:
- 4.625% rate (payment $1028)
- Closing costs are $800 more than 2 weeks ago
- "interest rate" is unchanged, but "effective rate" is higher due to higher closing costs

Scenario 2:
- 4.75% rate (payment $1043)
- Closing costs would be $400 lower than 2 weeks ago
- Interest rate is higher, effective rate is also higher because the change in monthly payments will quickly supersede the savings in upfront costs.
52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.70%4.67%+0.033.84%4.79%
15 Yr FRM4.18%4.17%+0.013.12%4.22%
FHA 30 Year Fixed4.39%4.38%+0.013.35%4.50%
Jumbo 30 Year Fixed4.35%4.34%+0.014.10%4.81%
5/1 Yr ARM4.02%3.99%+0.033.10%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