Thursday, July 19, 2018

Today's Best Mansions:

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The definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 8,000 square feet. Mega Mansion range from 20,000 sq,ft. and Super Mansions over 50,000 sq.ft. Until the mid 20th century most "mansions" would have a hall, two or three salons or drawing rooms, library, billiards room, ball room, dining room, breakfast room, morning room, study and numerous bedrooms but only 2-3 bathrooms. 

#1    West End Road  642 Perugia Way, Los Angeles, CA 90077 is listed for sale at $38,500,000.

The median home value in 90077 is $2,647,300. 90077 home values have gone up 6.2% over the past year.  They are predicted to rise 2.7% within the next year.             

One-of-a-kind European masterpiece with 5 bedrooms, 11 baths and 13,100 sq.ft. in prime lower Bel Air situated on approximately 1 acre, overlooking the Bel Air Golf Course and majestic city views. The drama begins with the spectacular 40' sky-lit atrium entry with floating staircase. The great lounge, bar lounge, family room and dining room open to completely seamless coordinating outdoor entertaining spaces. The incredible master suite encompasses approx. 2,100 square feet with custom dual closets, breathtaking oversized Italian marble bath with dual areas plus massive terrace with spa, lounge area with fire pit and views. The superbly designed grounds include a 65' infinity pool and expansive grassy yard. The property is offered fully furnished. 642 Perugia Way is a magnificent blend of contemporary style and finishes with warm and elegant balancing elements perfect for today's lifestyle. 

#2   10203 Collins Avenue, Bal Harbour, Florida 33134 is listed for sale at $35,000,000

The median home value in Bal Harbour 33134 is $467,300. 33134 home values have gone up 4.6% over the past year. They are expected to rise 4.3% within the next year.

Oceana Bal Habour's Upper Penthouse 01N, One of Miami's Most Exclusive Properties, is on the Market. This mansion in the sky has 9,371 SF of interior space and boasts panoramic ocean and city views. Situated on the 28th and 29th floors, the 6 Bedroom, 7 bath mansion in the sky  comes with it's own 9,950 sq,ft roof top terrace featuring a 50 ft long infinity edge pool, spa, and summer kitchen. Thirteen foot ceilings give this unit a great deal of volume, which is only enhanced by the expansive glass throughout and deep wrap-around balcony circling the living space on the 28th floor. Situated above all surrounding buildings, in this penthouse you are in a world of your own. Currently in the final stages of a complete gut build out, this unit will be ready to be lived in by early fall 2018.

#3   12 Salvation Circle, Aspen, Colorado 81611 is listed for sale at $26,000,000.

The median home value in Aspen is $1,409,300. Aspen home values have gone up 12.9% over the past year . The prediction is they will rise 5.6% within the next year. 

We've assembled the most qualified team available to produce an exceptional 6 bedroom,
9  bath, 9,500 sq,ft, estate now available as new construction to the Red Mountain and Aspen markets. Marcus. Poss. Brikor. They''re names you know and trust to provide the best, and 12 Salvation Circle will be the result. The quality and level of finish found in this house is more in keeping with a custom home than a typical speculative project. Comprising 7,500 square feet on three levels, the layout is thoughtful, the outdoor spaces inviting, the views breathtaking, the location exceptional, and the home spectacular. Watch as this new addition to Aspen''s real estate hierarchy takes shape and be prepared to witness something special. Scheduled for completion January 2020.

412 Pioneer Springs Ranch Rd, Aspen, CO 81611 -  $14,900,000

#4   34 Cobb Hill Lane, Water Mill, NY 11976 is listed for sale at $13,995,000.

The median home value in 11976 is $3,228,200. 11976 home values have gone up 7.3% over the past year.  They arrise expected to rise 3.4% within the next year. 

This magnificent Water Mill South estate is the setting for a splendid summer. Set on 2.25+/- gated acres, the 11,515+/- sq. ft. home with eight bedrooms, seven full and three half baths was completely renovated by a noted architect and designer. Ideal for entertaining both indoors and out, glass doors open to covered porches from multiple first floor living areas, which include a living room with soaring cathedral ceilings and stone fireplace, family room with fireplace, formal dining roomseating 16, a second more intimate dining room and a spacious, exceptionally well-equipped professional kitchen. The tranquil upstairs master suite includes a luxurious spa-like modern bath featuring a Japanese soaking tub. Additional bedrooms are all generously sized and beautifully appointed. The lower level provides the amenities of a five-star resort, including sauna, steam room, massage room, bath and a wine cellar. Above the detached three-car garage is a complete professional gym. The exquisitely landscaped grounds feature a lap pool and recreational pool, and tennis court with viewing pavilion. Located close to ocean beaches and village amenities of both Southampton and Bridgehampton. 

#5    1 The Point, Coronado, CA 92118 is listed for sale at $10,000,000

The median home value in 92118 is $1,779,700. 92118 home values have gone up 3.9% over the past year. They are forecasted to rise 4.0% within the next year. 

A exclusive architecturally designed bayfront masterpiece. Situated in one of the Cays premier locations, this stunning  4 bedroom, 6 bath, 6,451 sqft residence boasts an extremely rare 122ft (approx) water frontage, a private boat dock for two 40ft + yachts and a flawless contemporary design. Impeccably appointed throughout, this sophisticated yet practical design compliments the unrivaled views that stretch throughout San Diego Bay.

#6   28 Meadow Hill Drive, Belvedere Tiburon 94920 is listed for sale at $9,900,000.  

The median home value in 94920 is $2,799,900. 94920 home values have gone up 6.7% over the past year.  They are forecasted to rise 2.7% within the next year. 

Nested in a prime Tiburon Round Hill neighborhood, this 4 bedroom,5 bath, 6,893 sq.ft. custom built, modern architecture home sits on well over an acre. The gated, flat lot boasts expansive views of downtown San Francisco, the Golden Gate bridge and Sausalito. Immaculate design in every little detail, the house is airy and filled with light. It features exceptional automation technologies that complement its unique modernist style, like a one-of-a-kind gate, a swimming pool that opens to the views and many more.

#7   9140 NE 25th Place, Clyde Hill, WA 98004 is listed for sale at $4,698,000.

The median home value in Clyde Hill 98004 is $1,587,200. 98004 home values have gone up 15.8% over the past year. They are forecasted to rise 9.0% within the next year. 

Architecturally stunning and invitingly warm, this luxury view home with 5 bedrooms, 5 baths, and 6,166 sq.ft. is one-of-a-kind. The grand candelit entry leads seamlessly into the expansive main level living, dining and kitchen spaces. Large windows, perfectly frame your kaleidoscope view of the lake and mtns. A complete remodel in '13 features only exquisite finishes, meticulously chosen w/love and intention. From impressive entertaining areas to ultimate privacy, and everything in between, this home accommodates everything life has to offer.

Today's Mortgage Rates

Mortgage Rates Flat Again, Despite Modest Market Weakness
Jul 18 2018, 4:57PM

Mortgage rates were flat again today, further prolonging a trend that's been in place for weeks.  During that time, we've seen modest ups and downs, but no significant changes.  To put the narrowness of the range in context, the "ups and downs" are only seen in the upfront costs associated with any given mortgage rate.  Rates themselves haven't changed for the average loan scenario.

Today's absence of change belies market movement to some extent.  The bonds that underlie mortgage rates weakened enough through the course of the day that mortgage lenders were nearly justified in a mid-day rate sheet adjustment (for the worse).  When this happens (i.e. when bonds weaken, but not quite by enough to prompt mid-day changes), the implication is that tomorrow starts out at a slight disadvantage.  In other words, if bond markets simply hold steady overnight, borrowing costs could edge higher.
52 Week Range          Today  Yesterday            Low/High 

30 Yr FRM4.64%4.64%--3.84%4.79%
15 Yr FRM4.14%4.14%--3.12%4.22%
FHA 30 Year Fixed4.36%4.36%--3.35%4.50%
Jumbo 30 Year Fixed4.52%4.53%-0.014.10%4.81%
5/1 Yr ARM3.96%3.95%+0.013.10%4.02%

The Top Luxury Real Estate Markets with Medium Home Values

Zip Code     Location                        County                   2017 Medium Sale Price

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Tom Furino