Wednesday, February 21, 2018


Today's Best Mansion.


It's lavish. It's huge. It's grand. It's expensive.


#1      104 Kings Place, Newport Beach, CA 92663 with 5 bedrooms, 7 baths and 
8,926 sq.ft. is listed for sale at $21,500,000.




The defining elements of modern architecture are found here in their very finest forms. A striking design, walls of glass, articulated steel, and an exotic selection of organic materials have all been artfully composed to create nearly 10,000 square feet of design perfection. The one-of-a-kind site is a nearly level one-half acre that captures city light, harbor and ocean views from every major room. By day and by night there are simply no better views in Newport Beach. A linear lap pool alters the view perspective, drawing your eye to the views beyond. All of the requisites of a proper residence are found here, including an expansive master suite w/ private terraces; dramatic living areas ideal for entertaining; an unparalleled kitchen; rolling lawns and ocean view terraces complemented by an outdoor lounge w/ bar; a contiguous guest house with views; a capacious dining room; a private glass-walled office overlooking the harbor; a multi-media room and large home gym; and several spacious secondary bedroom suites. Meticulously detailed rooms flooded with natural light flow from one to the next - and every major room has an adjoining outdoor space. The result is a home with unequalled architectural panache that captures the very best of California living. 
















Today's Top Real Estate News

Average New Home Size Continues to Fall to 2,371 sq.ft.



After increasing and leveling off in recent years, new single-family home size continued to decline during the final quarter of 2017. This pivot marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the start of the recovery. As the entry-level market expands, NAHB expects typical new home size to decline further.

According to fourth quarter 2017 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was slightly lower at 2,371 square feet.

 Average (mean) square footage for new single-family homes declined to 2,571 square feet.



On a less volatile one-year moving average, the recent trend of declines in new home size can be see on the graph above, although current readings remain elevated. Since cycle lows (and on a one-year moving average basis), the average size of new single-family homes is 9% higher at 2,598 square feet, while the median size is 13% higher at 2,380 square feet.

The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions. Typical new home size falls prior to and during a recession as home buyers tighten budgets, and then sizes rise as high-end homebuyers, who face fewer credit constraints, return to the housing market in relatively greater proportions. This pattern was exacerbated during the current business cycle due to market weakness among first-time homebuyers and supply-side constraints in the building market. But the recent declines in size indicate that this part of the cycle has ended, and size will trend lower as builders add more entry-level homes into inventory.

In contrast to single-family patterns, new multifamily apartment size is down compared to the pre-recession period. This is due to the weak for-sale multifamily market and strength for rental demand.

Today's Best San Diego Mansion


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The median home value in San Diego County is $565,000. San Diego County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.5% within the next year. 
The median home value in Coronado is $1,572,800. Coronado home values have gone up 3.8% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in La Jolla is $1,899,900. La Jolla home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.2% within the next year.
               
The median home value in Solana Beach is $1,265,000. Solana Beach home values have gone up 13.9% over the past year and Zillow predicts they will rise 3.7% within the next year. 

The median home value in Del Mar is $2,309,800. Del Mar home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.8% within the next year. 


The median home value in Rancho Santa Fe is $2,764,200. Rancho Santa Fe home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.7% within the next year.


#1      2681 Idle Hour Lane, La Jolla, CA 92037 with 7 bedrooms, 14 baths and 
14,252 sq.ft. is listed for sale at $19,980,000.


The Ultimate La Jolla Family Estate property, this seaside gated residence on almost three acres of secluded grounds boasts a coveted Black's Beach Gate Key for easy vehicle beach access plus its own lake with island, tennis court, rock-climbing arch, skateboard park, volleyball court, pool and outdoor fireplace, fire feature and barbecue kitchen gathering areas. Expansive, fresh, beautifully appointed living areas of appx 14,000sf include a disco, theater, two expansive recreation rooms, and guest house.
























Today's Best Los Angeles Mansion


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The median home value in Orange County is $699,500. Orange County home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Los Angeles County is $595,700. Los Angeles County home values have gone up 8.6% over the past year and Zillow predicts they will rise 3.3% within the next year.

The median home value in Newport Beach is $1,741,900. Newport Beach home values have gone up 5.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Santa Monica is $1,520,800. Santa Monica home values have gone up 9.0% over the past year and Zillow predicts they will rise 3.2% within the next year. 

The median home value in Pacific Palisades is $2,944,500. Pacific Palisades home values have gone up 9.8% over the past year and Zillow predicts they will rise 3.8% within the next year.

The median home value in Malibu is $3,169,400. Malibu home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Bel Air is $3,513,900. Bel Air home values have gone up 6.7% over the past year and Zillow predicts they will rise 3.1% within the next year. 

The median home value in Beverly Hills, 90210 is $5,217,600. 90210 home values have gone up 9.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

#1      1536 Blue Jay Way, West Hollywood, CA 90069 with 6 bedrooms, 8 baths and 2,664 sq.ft. is listed for sale at $27,900,000.



Spectacular modern view property perched in the most prime Bird Street location on famed Blue Jay Way. Designed by renowned architect Paul McClean, this architectural masterpiece is situated on a promontory with 270 degree views sweeping from Downtown Los Angeles to the Pacific Ocean. The height of craftsmanship and design and built with the finest materials, resulting in an exceptional trophy property. Epic scale with soaring ceiling heights offer an open floor plan that is the ultimate in entertaining. This 6 bedroom / 8 Bath home features a spectacular master bedroom with jetliner views complete with His and Her master baths and closets. Details of the property are immense: Two swimming pools connected via waterfall with a spacious grass back yard. Seamless Terrazzo stone flooring, paneled oak ceilings and gracious bespoke Poliform cabinetry add warmth and sophistication rarely seen in any home. Crestron smart home automation. 30 person stadium-style movie theatre. 

















Today's Best San Francisco Mansion

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The median home value in San Francisco County is $1,293,700. San Francisco County home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Marin County is $1,094,700. Marin County home values have gone up 6.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 

The median home value in Santa Clara County is $1,196,600. Santa Clara County home values have gone up 21.3% over the past year and Zillow predicts they will rise 8.5% within the next year.


The median home value in Tiburon is $2,638,200. Tiburon home values have gone up 6.1% over the past year and Zillow predicts they will rise 4.7% within the next year.

The median home value in Sausalito is $1,362,900. Sausalito home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. 

The median home value in Tiburon is $2,580,200. Tiburon home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year
            
The median home value in Palo Alto is $3,010,700. Palo Alto home values have gone up 21.0% over the past year and Zillow predicts they will rise 8.3% within the next year.

The median home value in Los Altos is $3,262,900. Los Altos home values have gone up 17.9% over the past year and Zillow predicts they will rise 7.6% within the next year.     
  
    
The median home value in Saratoga is $2,816,200. Saratoga home values have gone up 18.0% over the past year and Zillow predicts they will rise 7.8% within the next year. 

The median home value in Atherton is $7,257,800. Atherton home values have gone up 16.9% over the past year and Zillow predicts they will rise 7.4% within the next year.

#1      2088 Green Oaks Way, Pescadero, CA 94060 with 7 bedrooms, 11 baths and 17,000 sq.ft. is listed for sale at $24,500,000.


Overlooking Ano Nuevo Island and the Pacific Ocean, this estate is centrally located within an approx. 45 mile radius of San Francisco, Silicon Valley, Pebble Beach and both international airports. California State Parks calls this unique location as having the most spectacular and extraordinary panoramic vistas found anywhere along the coast of California and a sense of remoteness," so near a major metropolitan area that is not found anywhere else in the state. The area has also beendesignated a National Natural Landmark by the U.S. Dept. of Interior.The weather is also special at the property. A vineyard feasibility report noted that the site has a microclimate that experiences many days of sunshine when the rest of the coast is shrouded in fog." This recently completed home is a stone and timber mountain style, offering the warmth of a ski resort with the amenities of a five star hotel. Featuring approx. 13,000 sq.ft., set on an approx. 50 acre (mol) site, the property is believed to be the second largest home on the coast between Half Moon Bay and Santa Cruz. It is unlikely that a home of this size will be built again given the restrictive regulatory and environmental limitations in this area.The home has 7 bedrooms, all ensuite, approx. 1,500 sq.ft. of living areas facing the ocean, media room, wine room, exercise room, and game room, as well as approx. 1,000 sq.ft. space that, for the serious connoisseur, could accommodate a 10,000 bottle wine cellar. Most rooms are acoustically designed and have an exit to a deck or the exterior grounds. The property also includes an approx. 3,000 sq.ft. deck overlooking the ocean, four car garage, unfinished approx. 1,200 sq.ft. apartment, barn with 2 stalls, caregiver apartment and car lift, and an approx. 7,000 sq.ft. sports court which can accommodate tennis, a putting green and a driving range. 























Today's Best Seattle Mansion


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The median home value in King County is $608,000. King County home values have gone up 15.4% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $727,500. Kirkland home values have gone up 21.3% over the past year and Zillow predicts they will rise 6.9% within the next year

The median home value in Seattle is $718,700. Seattle home values have gone up 16.2% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Bellevue is $881,000. Bellevue home values have gone up 17.5% over the past year and Zillow predicts they will rise 5.8% within the next year.

The median home value in Mercer Island is $1,441,600. Mercer Island home values have gone up 8.1% over the past year and Zillow predicts they will rise 4.0% within the next year. 

The median home value in Clyde Hill is $2,680,500. Clyde Hill home values have gone up 18.3% over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Medina is $2,720,300. Medina home values have gone up 13.0% over the past year and Zillow predicts they will rise 5.8% within the next year.

#1       7010 North Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 10 baths and 7,060 sq.ft. is listed for sale at $9,500,000.


Captivating lodge-style home offers 85 deep-moorage waterfront, gentle wading beach and sought-after northend location. Celebrate the authentic character, artisan wood/iron/stone finishes, posh main level master, approved ADU and luxury amenities of this in-city retreat. Magnificent in scale/design with meticulous attention to detail. Enjoy sweeping big-sky views, the serenity of waterside living, rare boat house and lake water rights, too. This is the Mercer Island waterfront of your dreams!
















Today's Best Phoenix Mansion


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The median home value in Maricopa County is $252,400. Maricopa County home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Scottsdale is $435,800. Scottsdale home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Carefree is $743,200. Carefree home values have declined -1.0% over the past year and Zillow predicts they will rise 0.4% within the next year. 

The median home value in Paradise Valley is $1,641,900. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1      7004 North Invergordon Road, Paradise Valley, AZ 85253 with 6 bedrooms, 
10 baths and 15,000 sq.ft. is listed for sale at $13,950,000.


This sprawling, private appx 5 acre mountainside estate boasts 15,000+ square feet & offers 6 bdrm suites, 10 baths & includes almost every imaginable detail to class & quality one could dream of. Exquisitely appointed with custom light fixtures; beautiful flooring throughout; stone carved Italian marble columns; incredible chef's kitchen; butler pantry; game room; wine tasting room & storage room for 1400+ bottles; custom office; sound proof 12 seat home theater; private gym; oversized pool w/see through viewing area from lower level family/game room; fire pots; a beautiful mountainside waterfall & a separate guest/housekeeper/chef quarters.This estate features incredible indoor/outdoor entertaining with absolutely amazing southern views & some of the best sunrise and sunsets in all of AZ

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Today's Best Colorado Mansion


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The median home value in Denver is $393,900. Denver home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Avon is $587,800. Avon home values have gone up 6.0% over the past year.   

The median home value in Vail is $890,200. Vail home values have gone up 8.3% over the past year.   

The median home value in Snowmass Village is $1,043,900. Snowmass Village home values have declined -0.9% over the past year.

The median home value in Aspen is $1,453,600. Aspen home values have gone up 2.6% over the past year.

#1      81 Herron Hollow Road, Aspen, Colorado 81611 with 6 bedrooms, 7 baths and 7,862 sq.ft. is listed for sale at $12,950,000.


Re-envisioned by David Easton and remodeled down to the studs in 2003, this classically modern residence has been stunningly recast as a work of art. The expression of architecture-as-art captures the senses, as manifested through the mindful application of the finest materials, lighting and sound. Set directly above a flowing stream, the home basks in its Southern exposure and awe-inspiring views of Aspen Mountain, Highlands, Buttermilk, Pyramid Peak and Mt. Sopris. Custom furnishings, carpets and fabrics, wall coverings, cabinetry and hardware blend into one sophisticated palette, inspired by the Aspen landscape. Multiple private terraces reveal majestic panoramic mountain views.



















Today's Best Florida Mansion




The median home value in Naples 34102 is $602,800. Naples home values have declined -3.9% over the past year and Zillow predicts they will fall -0.1% within the next year. 

The median home value in Palm Beach is $907,800. Palm Beach home values have gone up 7.8% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Key Biscayne is $1,106,500. Key Biscayne home values have declined -6.0% over the past year and Zillow predicts they will fall -4.5% within the next year.

The median home value in Boca Grande is $1,409,600. Boca Grande home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.9% within the next year.

 #1      609 South Beach Road, Jupiter, Florida 33569 with 8 bedrooms, 10 baths and 16,800 sq.ft. is listed for sale at $37,900,000.


609 S Beach Rd, Jupiter, FL 33469

Jupiter Islands Cielo-y-Mar dream masterpiece on two acres of pristine ocean to intercoastal land with a large natural dune system. Yachters paradise complete with a dock averaging 7.5 ft depth sufficient for a 100 FT Yacht. Located on the south end of Jupiter island, steps away from a 75 acre nature preserve. Completely designed by Silicon Valley architect Scott Hughes. 8 Beds & 10 Bathrooms- all unique. Master Bedroom features large walk- in shower clad in Jerusalem stone, Jacuzzi tub,direct ocean views topping off the zen feel. Cielo- y- Mar is exquisitely landscaped with native plants as well as a 25 FT Eric Grate sculpture imported from Sweden. Cielo-y-Mar is a poured concrete estate elevated more than 20 FT on a complex system of cement pillars built into the Jupiter island.   

609 S Beach Rd, Jupiter, FL 33469


609 S Beach Rd, Jupiter, FL 33469

   
609 S Beach Rd, Jupiter, FL 33469


609 S Beach Rd, Jupiter, FL 33469 

609 S Beach Rd, Jupiter, FL 33469
 


609 S Beach Rd, Jupiter, FL 33469


609 S Beach Rd, Jupiter, FL 33469


609 S Beach Rd, Jupiter, FL 33469


609 S Beach Rd, Jupiter, FL 33469

Today's Best New York Mansion


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The median home value in Brooklyn is $769,800. Brooklyn home values have gone up 12.6% over the past year and Zillow predicts they will rise 3.4% within the next year. 

The median home value in Manhattan is $1,396,100. Manhattan home values have gone up 17.7% over the past year and Zillow predicts they will rise 3.9% within the next year.

The median home value in Southampton is $1,507,400. Southampton home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Bridgehampton is $1,897,700. Bridgehampton home values have gone up 8.2% over the past year and Zillow predicts they will rise 3.1% within the next year

The median home value in SoHo is $2,691,500. SoHo home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.3% within the next year

The median home value in Tribeca is $3,111,100. Tribeca home values have declined -0.6%  over the past year and Zillow predicts they will rise 0.2% within the next year.


#1      1580 Meadow Lane, Southampton, NY 11968 with 6 bedrooms, 6 baths and 5,353 sq.ft. is listed for sale at $26,999,000.



Modern shingle-style beach house on the world-renowned Meadow Lane. Perched amidst the dunes, in the exclusive oceanfront Southampton enclave, this 5,300-square-foot, six-bedroom home comprises 4.5 acres of some of the most breathtaking property in the Hamptons. Views of the Atlantic Ocean and Shinnecock Bay serve as the focal point of this experience--accentuated through design featuring large windows and balconies--as panoramic waterfront vistas envelop two levels of terraces and expansive first- and second level entertaining areas. With 220 feet of direct oceanfront, endless indoor/outdoor entertaining areas, and a private walkway over the dunes, this Meadow Lane modern home makes no concessions when it comes to luxury. Upon entry, the double-height foyer leads upstairs to entertaining areas that take advantage of the grand panoramic views. The open floor plan includes an oversized chef's kitchen with breakfast nook, dining room, living room with fireplace, plus opulent master bedroom with fireplace. The entire second floor offers amazing views of both ocean and bay. The first floor includes a den, four guest bedrooms and one guest suite with a kitchenette. On the opposite end of the home is a heated pool and spa. This rare and exceptionally located modern home presents a once-in-a-lifetime opportunity for Hamptons' luxury buyers.











Today's Best Mortgage Rates.

Mortgage Rates Unable to Extend Last Week's Gains
Feb 20 2018, 4:54PM

Mortgage rates moved back up today after ending last week on a positive note.  Improvements in rates have been uncommon so far in 2018.  In fact, we haven't seen more than 2 consecutive days without a move higher.  In that sense, today keeps the prevailing trend intact.  If there's a saving grace, it's that rates didn't quite rise back above last week's highs.

If there's a downside (whatever the opposite of a "saving grace" might be...), it's that rates remain in line with the highest levels in more than 4 years.  While we COULD see some relief at some point, there's no telling if that would be a legitimate attempt at a ceiling or merely be a temporary correction before another move higher.  Either way, betting on the emergence of a ceiling (via floating one's loan as opposed to locking) hasn't been an advisable strategy for nearly 2 months now.  Rest assured, we'll be discussing it as soon as that changes.

52 Week Mortgage Rate Range
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.54%4.53%+0.013.84%4.57%
15 Yr FRM3.90%3.89%+0.013.12%3.92%
FHA 30 Year Fixed4.34%4.33%+0.013.35%4.35%
Jumbo 30 Year Fixed4.54%4.53%+0.014.10%4.60%
5/1 Yr ARM3.50%3.49%+0.012.99%3.50%


Looking for more information?  Have a comment regarding any of today's mansions? 
Please text or email me at 619-944-8749 or furtree@msn.com.   Most importantly have a great day!

Cordially,  

Tom Furino  

PS.   Thank you for reading my blogs. Today's Best Mansions has now been read by over 150,000 individuals!