Friday, November 9, 2018

Today's Best Mansions

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

#1    134 Charles Street, New York, NY 10014 with 6 bedrooms, 9 bath and 18,000 sq.ft. is listed for sale at $80,000,000.

Located a mere block from the Hudson River on one of the city's finest townhouse streets, 134 Charles presents an exclusive, one-of-a-kind offering to own a grand-scale, light-filled building with an irreplaceable footprint, & rooftop oasis showcasing breathtaking Hudson River & city views.

#2      1677 North Dohney Drive, Los Angeles, CA 90069 with 5 bedroom, 8 baths and 11,780 sq.ft. is listed for sale at $29,975,000.

This exquisitely designed architectural is a Doheny Estates modern masterpiece. The 11,780-square-foot residence sits on just under an acre of land and claims one of the most remarkable home sites in the city. A four-year planning and design process went into creating this masterpiece that was envisioned for the European owner with no expense spared. The main drive gate opens to an expansive oversized motor court with parking for over 10 cars, an air-conditioned garage not included in the square footage of the house, and an impressive separate guest home. With a stunning master bedroom, this five-bedroom, eight-bathroom home has over 3,500 square feet of outdoor entertainment decks with unrivaled panoramic views to the ocean, a theater that must be experienced to be believed, a day lit lower entertainment level, and a spectacular infinity pool, all of which define the true quintessential Californian lifestyle.

#3     3509 Euclid Avenue, Dallas, Texas 75205  with 7 bedrooms, 14 baths and 18,100 sq.ft. is listed for sale at $16,750,000.

Beautifully positioned on close to an acre in prestigious Highland Park, the owners of this meticulously crafted estate commissioned three of the most esteemed professionals in Texas. Architect Robbie Fusch designed this masterpiece, builder John Sebastian provided construction of the highest possible quality and landscape architect Harold Leidner created a landscape plan for the stunning grounds that rival the most elegant of resorts. No expense was spared. The home includes three living areas, three stories serviced by an elegant elevator, wine grotto with tasting area, safe room, rich wood paneled library /office with built- in computer station and coffered ceiling, virtual golf room where you can tee off in your choice of exclusive golf courses, an attached guest casita and state- of- the -art gym. The master wing includes its own living room, coffee/espresso station, loggia with fireplace, two separate bathrooms and two incredible oversized closets. No home can rival the superior exterior with its amazing pool that extends under an incredible columned pergola with tile roof for shade, a fireplace, water features and two covered platform beds. Other amenities include a cabana with large living area and two bathrooms, outdoor kitchen, putting green, numerous loggias, amazing motor court leading to an underground ten- car garage, plus a separate two- car garage. Simply exceptional!

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 Edge Back Up to Early 2011 Levels

Nov 8 2018, 4:36PM

Mortgage rates moved back up today, leaving them right in line with the highest levels of the week.  These also happen to be the highest levels since early 2011, but let's not get bogged down in unfortunate details!  Rates will definitely move lower at some point in the future.  That's the way economic cycles work--and they always work eventually.  The big questions are twofold: how long will it take for fortunes to change and how high will rates go in the meantime?

In terms of timing, we could be looking at anywhere from a few months to more than year before seeing a shift that's big enough to get excited about.  That said, there will still be pockets of positivity at times, even in a rising rate environment.  Whatever the case may be, the higher rates go, the closer we're getting to the end of the tunnel.  That doesn't make the tunnel any more pleasant, but perhaps knowing it will eventually end is enough to make it somewhat more bearable.

If it's any consolation, the day-to-day movement has been modest lately.  The average homebuyer wouldn't see much detectable difference between yesterday's rates and today's.  Tomorrow could be a different story as bond markets (which underlie mortgage rates) weakened in the afternoon.  Several lenders accounted for that weakness today (by raising rates a bit more in the middle of the day), but others will be waiting until tomorrow morning.

              Today  Yesterday    52 Week Low/High
30 Yr FRM5.05%5.04%+0.013.93%5.05%
15 Yr FRM4.53%4.52%+0.013.25%4.53%
FHA 30 Year Fixed4.57%4.55%+0.023.50%4.62%
Jumbo 30 Year Fixed4.60%4.58%+0.024.12%4.81%
5/1 Yr ARM4.70%4.68%+0.023.15%4.70%