Thursday, November 29, 2018

Today's Best Mansions

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

#1   10 Morrison Lane, Water Mill, NY 11976 with 4 bedroom, 4 baths, and 5,200 sq.ft. is listed for sale at $25,500,000

Morrison Lane offers a rare opportunity to live at one of the most exclusive waterfront addresses in the United States. This ultra-private property encompasses 2.5 acres of landscaped grounds with approximately 393 feet of water frontage on beautiful Mecox Bay in Water Mill. This estate benefits from a private dock from which residents can effortlessly boat to some of the Hamptons' most notable beaches - namely Scott Cameron Beach, Flying Point Beach, and Mecox Beach.Exhibiting outstanding beach-style landscaping throughout, the plot is gracefully adorned with lush green lawns and mature trees that are a delight in each of the seasons. A slightly elevated position helps to capture the scenery perfectly, which is arguably one of the best waterfront views in the Hamptons.The current main residence is a stylish beach house, perfectly positioned with multiple second-level terraces that enjoy equally beautiful yet contrasting views over Mecox Bay. The 5,200 SF +/- of living space features two bedrooms, two full and one half bathrooms, and a lower level. Other notable features of this home include three fireplaces, Frank Lloyd Wright windows, and a double height great room. The master suite has a spacious sitting room, a large walk-in closet, a full bathroom, Frank Lloyd Wright quartz fireplace, and an outdoor shower area. The second suite has a generous sitting room, a full bathroom, and a large bedroom. The separate guest house comes complete with two bedrooms, a full bathroom, and a two-car garage.Private yet open to the scenery, the property exudes peace and seclusion; featuring a custom-built stone gazebo with a delightful waterfall, a 50-foot granite swimming pool with a surrounding custom patio, two gated entries with separate parking areas, detailed landscaping, and a meandering path leading down to the beach. Those searching the East End for their perfect waterfront residence need look no further; as this highly-exclusive estate represents an extremely rare prospect in one of the most idyllic locations in the Hamptons. This property presents an optimal opportunity for redevelopment, with the chance to expand the existing house, or construct a new residence according to your own vision of an exceptional Hamptons waterfront estate.


#2 10 Morrison Lane, Water Mill, NY 11976 with 4 bedroom, 4 baths, and 5,200 sq.ft. is listed for sale at $25,500,000

This 8 bedroom home is situated right on the water with beautiful views of the Naples Pier and the Gulf. It is also within walking distance of Old Naples with its' many shops and restaurants.

#3     21000 Mendenhall Court, Topanga, CA 90290 with 8 bedrooms, 11 baths and 12,000 sq.ft. is listed ffor sale at $13,900,000.

Stunning Tuscan Estate on secluded 16 acre parcel, surrounded by rolling hills and the Topanga State Park. This 8 bedroom, 11 bathroom private compound comes complete with a guest wing and estate managers quarters, orchards, N/S Tennis court, 65' pool with hot tub, gazebos and an outdoor loggia w fireplace. The home boasts luxurious finishings throughout, an extensive games room with remote blackout blinds for the retractable projection screen, gym room, and integrated smart home technology. Stunning views from every bedroom, Master bedroom includes 2 separate bathrooms and walk-in closets. Wet bar, wine closet and chef's kitchen make this a true entertainer's home.. Yard is large enough for a football or soccer match and can accommodate multiple helicopters for executive travel. Home and landscaping costs greatly offset by solar array and water well. Separate 7 acre adjacent lot available for tandem purchase. Both parcels zoned for Horses. Water well supplies current landscaping entirely and has capacity for a vineyard.


100 Top Luxury Real Estate Markets Medium Values 12 months 2017 compared to 2018 YTD

Mortgage News Daily: Today's Mortgage Rate

First Noticeable Move in Mortgage Rates in More Than a Week

Nov 28 2018, 2:27PM

Mortgage rates began the day just like they've begun each of the past 5 business days: perfectly unchanged!  As we discussed yesterday, the recent absence of movement is a good thing in the short term as rates are holding near their lowest levels in more than a month.  And it's a bad thing in the bigger picture considering current levels are still very close to the highest rates in more than 7 years.

Unlike the past 5 business days, however, we caught a bit of a break today.  Fed Chair Powell delivered a speech at the Economic Club of New York and markets responded favorably.  Both stocks and bonds improved, and when bonds improve enough during the course of the day, mortgage lenders often recall their initial offerings in favor of something slightly better.  That was the case today.  Even if the improvement was barely noticeable in the grand scheme of things, it's nonetheless our first measurable improvement since early last week.

Does this change the longer-term trend?  Not really.  We'll still need to see a bigger shift in economic data or the stock market for interest rates to fall in a meaningful way.  That said, markets are increasingly on the lookout for such things as winter approaches.  

52 Week
30 Yr FRM4.93%4.94%-0.013.95%5.05%
15 Yr FRM4.43%4.44%-0.013.29%4.53%
FHA 30 Year Fixed4.44%4.46%-0.023.55%4.62%
Jumbo 30 Year Fixed4.58%4.59%-0.014.12%4.81%
5/1 Yr ARM4.74%4.75%-0.013.18%4.75%