Saturday, September 8, 2018

Today's Top Mansions

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

#1      39 Beach View Avenue, Dana Point, CA 92629 is listed for sale at $36,000,000.

Perched on an isolated bluff above the ocean, 39 Beach View with 6 bedrooms and 13,216 sq.ft. is the ultimate in contemporary, open-space living. This rare, ½ acre point lot presents a low profile from the curb. But viewed from the beach there's a cascading, terraced effect produced by cantilevered roofline, balconies and deck. Everything sea-side is floor-to ceiling glass, affording a breathtaking, horizon-to-horizon view of the Pacific. Massive interior spaces and immersion in natural light contribute to the illusion of unity with the environment. Same with the Master bedroom, but its location, high in the upper level affords just the right amount of privacy. For all its modernity the home is remarkably warm and inviting with space inside for entertaining literally hundreds of guests. The options for a delightful time with friends or family are nearly endless, with multiple pools cut into the slope, a putting green and golf simulator. Not to mention the spacious indoor theater, wine-tasting room, and even a spa. You'll marvel at the convenience of the kitchen, equipped with the latest technology cloaked in sparkling beauty.

#2     23634 Malibu Colony Road, #50, Malibu CA 90265 is listed for sale at $23,500,000.

23634 Malibu Colony Rd #50, Malibu, CA 90265

As if plucked from the isle of Capri, this Malibu residence with 4 bedrooms, 7 baths, and 3,566 sq.ft. combines architectural simplicity w/classical detailing in a fusion of Italian romanticism and American functionality, comfort and practicality. Flanked on one side by unobstructed ocean views and the other by an enclosed courtyard, this sanctuary speaks of artistry and tranquility. Tall, arched doorways, wide windows and skylights invite in the luscious seaside light. White walls and warm-toned stone floors extend outside, emphasizing the indoor-outdoor lifestyle. On the ground floor, the chic living rm steps down to a lounge area, and beyond that an oceanfront patio w/built-in sofa seating. Also on this level are a family rm, formal dining rm and kitchen. A spiral staircase topped w/an enormous circular skylight leads to the owner's retreat w/seating area, FP, private balcony and luxe bath; plus three bdrms, each w/a balcony looking onto the garden. The rooftops terrace that doubles as a summer bdrm has a sandy beach floating above the house.

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

23634 Malibu Colony Rd #50, Malibu, CA 90265

#3   2680 Green Street, San Francisco, CA 94123 is listed for sale at $13,500,000.


Stunning 5 bedroom, 7 bath, 4,930 sq.ft. home with refined finishes, smart-home tech and sweeping GGB and Bay views. Troon-Pacific's mastermind Platinum LEED certified, 2013. Lavish master suite with custom walk-in closet, private terrace and master bath with soaking tub, double vanity and disappearing tv's. Captivating gourmet kitchen includes 2 dishwashers, commercial grade appliances, wine fridge, marble island. Fully outfitted 360 view roof terrace. Lower level family room with wine cellar, floor-to-ceiling retractable doors leading to terraced yard. iPads on each lvl use Savant system, utilizing zoned lighting, heating, audio & security. 3 fireplaces. Elevator to all lvl. Radiant heat, air filtration sys, solar. 2-car garage.

"Today's Top 3 Mansions Medium Home Value .

#1     39 Beach View Avenue, Dana Point, CA 92629 listed for $36,000,000.

The median home value in 92629 is $942,400. 92629 home values have gone up 4.4% over the past year and it is predicted they will rise 5.0% within the next year.

#2      23634 Malibu Colony Road, #50, Malibu CA 90265 listed for $23,500,000.

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      2680 Green Street, San Francisco, CA 94123 listed $13,500,000.
The median home value in 94123 is $2,583,800. 94123 home values have declined -3.6% over the past year and Zillow predicts they will rise 1.9% 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