I will own this home one day...

With the 18th fairway of Pebble Beach Golf Links as its back yard, this world class property is truly extraordinary. The captivating design and expansive coastal views offers drama and livability rarely found simultaneously. The quality & attention to detail are a celebration in excellence creating this breathtaking & irreplaceable home. Better then all that; this home sits smack dab in the middle of all the action via concord de elegance . This home sits on 1.7 acres! Simply awesome.
Enough room to store my car collection; and imagine having best in show right in your front yard. Its like you died and went to heaven. No need to mention the prime location - to call it prime is an under statement. One day my wife and I will walk through these doors. In the meantime your more then welcome to a slice of heaven on earth.



10,500 sq ft of mostly environmentally friendly finely crafted materials.

4 bedroom

4 bath

CYPRESS Dr Pebble Beach, CA 93953

35,000,000.00

Bedroom Information

• 2+ Master Suites

Fireplace Information

• Has Fireplace
• Wood Burning
• Gas Starter
• Two-Way
• In Family Room
• In Living Room
• In Master Bedroom
• In Other Location (See Remarks)

Utility Information

• City/Public Water
• Sewer in and Connected

Pool & Spa Information

• Spa/Hot Tub

Lot Information

• Lot Sloped Down from Street
• Parcel Number: 008-411-005

School Information

• High School: Carmel
• Elementary District: Carmel Unified
• High School District: Carmel Unified

Bathroom Information

• 4+ Bathrooms
• Tub in Master Bedroom
• Tub with Jets
• Bidet
• 2+ Half Baths
• 2+ Stall Showers
• 2+ Tubs

Flooring Information

• Marble

Building Information

• Ceilings Insulated
• Stone Exterior
• Concrete Slab Foundation
• Metal Roof
• Other Roof (See Remarks)

Property Features

• Central Fire Alarm
• Double Pane Windows
• Fire Sprinkler System
• Gas Hookup in Kitchen
• Gas Hookup in Laundry Area
• Gas Water Heater
• High Ceilings
• 220 Volts in Laundry Area
• Satellite Dish
• Security Fence/Perimeter
• Vaulted/Cathedral Ceiling
• Wet Bar
• Cable TV Available
• Cooktop Range
• Disposal
• 2+ Dishwashers
• Microwave Oven
• 2+ Ovens
• Security Alarm System (Owned)
• Self Cleaning Oven
• Water Softener (Owned)
• Window Coverings
• 2+ Refrigerators
• Built-In Oven
• Built-In Oven/Range Combo
• Formal Entry
• Guest Quarters
• Indoor Laundry Area
• Pantry
• Attic
• Extra Storage
• Insulated Hot Water Heater
• Low-Flow Shower Head(s)
• Low-Flow Toilet(s)

Location Information

• Cross Street: Palmero Way

Additional Rooms

• Separate Family Room
• Separate Dining Room
• Breakfast Bar
• Utility Room
• Workshop
• Office

Heating & Cooling

• 2+ Heating Zones
• Radiant Heat
• Central Forced Air Heat
• Gas Heat
• Central Air Conditioning

Parking Information

• Attached Parking
• Electric Door/Gate Opener
• Guest Parking
• Off Street Parking
• 3+ Car Garage

Exterior Features

• Greenhouse
• Patio
• Sprinklers (Front)
• Sprinklers (Rear)
• Automatic Sprinkler(s)
• Barbecue Area
• Fenced Yard

Property Information

• Zoning: LDR

The only thing missing is solar - quality first inc.

The best deal under 1.5 in the Big Apple

Look at that outdoor space galore - in downtown NYC. I wish SF area had more outside living space like this.

The one bedroom penthouse at 155 E. 49th Street is a little jewel box of a place with a wraparound terrace with room enough for entertaining, a small study and a living room with a wood-burning fireplace. The kitchen is miniscule and overall the rooms are small but it seems to still carry the genteel spirit of its former owner. The celadon-colored living room has French doors which open out onto the terrace. The bedroom has vivid blue wallpaper and on one wall a poster for one of his son Griffin's movies still hangs on the wall. This apartment is listed at $1.45 million.

$4,695,000

Belvedere, CA 94920

Beds: 4 Baths: 4 Sq. Ft.: 4,180 $/Sq. Ft.: $1,123 Lot Size: 9,365 Sq. Ft. Property Type: Residential, Detached, Single Family Style: Other Stories: 2 View: Hills, Mountains, Water Year Built: 1956 Community: Belvedere
A very rare opportunity to acquire one of the lagoon's most desirable residences. Completely renovated 12 years ago w/ the finest in construction & design materials. Shows beautifully! Large family room & gorgeous master suite overlook the water. Great scale with complete indoor/outdoor living throughout. Private & south facing w/ all day sun. Resort like grounds w/ large lawns, sweeping patio, spa & boat dock on wide part of the lagoon!

Pending home sales have something or another....

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index* a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.

Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected time frame. “The rise in pending home sales shows buyers are returning to the market and signing contracts, but deals are not necessarily closing because of long delays related to short sales, and issues regarding complex new appraisal rules,” he said. “No doubt many first-time buyers are rushing to beat the deadline for the $8,000 tax credit, which expires at the end of next month.”

The Pending Home Sales Index in the Northeast jumped 8.2 percent to 85.3 in August and is 12.0 percent higher than August 2008. In the Midwest the index rose 3.1 percent to 90.8 in August and is 7.6 percent above a year ago. In the South, pending home sales increased 0.8 percent to an index of 104.6 and is 8.2 percent above August 2008. In the West the index surged 16.0 percent to 130.5 and is 22.3 percent above a year ago.

“There is likely to be some double counting over a span of several months because some buyers whose contracts were cancelled have found another home and signed a new contract to buy,” Yun explained. “Perhaps the real question is how many transactions are being delayed in the pipeline, and how many are being cancelled? Without historic precedents, it’s challenging to assess.”

Yun also noted that the data sample coverage for pending sales is smaller than the measurement for closed existing-home sales, so the two series will never match one for one.

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said first-time buyers need to act now. “Potential first-time buyers must make a contract offer very soon to have a reasonable chance of qualifying for the tax credit,” he said. “Congress needs to extend and expand this program because it’s stimulating the economy and reducing inventory close to price stabilization points.”

McMillan said a sizable number of homebuyers already in the pipeline could be let down because of the tight deadline. “We know there is a pent-up demand because sales are below normal levels for the size of our population. The faster we absorb excess inventory, the sooner we’ll turn the corner on home prices, prevent additional families from becoming upside-down in their mortgages, and give Wall Street the confidence to extend credit to other sectors,” he said. “Each home sale pumps an additional $63,000 into the economy through related goods and services, so the benefits of extending and expanding the tax credit far outweigh the costs.”

Yun said the forecast for home sales and prices depends very much on whether a tax credit is extended. “All we can say for certain is sales will decline when the tax credit expires because we are not yet on a self-sustaining recovery path. It also raises a risk of a double-dip recession,” he said. “Extending and expanding the tax credit is the best tool in our arsenal to encourage financially qualified buyers to stimulate the economy and help reduce the budget deficit.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

# # #

*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 parallels the level of closed existing-home sales in the following two months. There is a closer relationship between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than with month-to-month comparisons.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.

If You Are Interested - Please Contact Me -Yes Two Homes

SELLER: Billy Joel

LOCATION: Gibson Lane, Sagaponack, NY

PRICE: $22,500,000

SIZE: 5,742 square feet, 4 bedrooms, 6 bathrooms

DESCRIPTION: ...Residence has been expertly renovated in 2009. Tastefully decorated by Nate Berkus, the main house is turn-key complete. Terraces on both levels guarantee breathtaking views of stunning Sagaponack land and seascapes...

Come out, Virginia-Don't let me wait.You Catholic girls start much too late.Ah! But sooner or later it comes down to fate.I might as well will be the one.Well they showed you a statue-Told you to pray.They built you a temple and locked you away.Ah! But they never told you the price it would pay.The things that you might have done...Only the good die young.That's what I said!Only the good die young.Only the good die young...You mighta heard I run with a dangerous crowd.We ain't too pretty, we ain't too proud.We might be laughin' a bit too loud.Ah! But that never hurt no one...So come on Virginia!Show me a sign-Send up a signal; I'll throw you a line.The stained glass curtain you're hidin' behind-Never lets in the sun...Darlin' only the good die young!Oh woe woe woe woe!I tell ya only the good die young.Only the good die young...You got a nice white dress and a party on your confirmation!You've got a brand new soul.Mmm, and a cross of gold.But Virginia they didn't give you quite enough information!You didn't count on me-When you were counting on your rosary. Oh woe woe!And they say there's a Heaven,And those who will wait.And some say it's better, But I say it ain't!I'd rather laugh with the sinners than cry with the saints.The sinners are much more fun...You know that only the good die young!Oh woe woe baby bay!I tell ya only the good die young!Only the good die young...Said your mother told you all that I could give you was a reputation!Ah! She never cared for me.But did she ever say a prayer for me?Oh woe woe!Come out, come out, come out!Virginia don't let me wait!You Catholic girls start much too late!Sooner or later it comes down to fate.I might as well will be the one...You know that only the good die young!Tell ya baby!You know that only the good die young!Only the good die young.Only the gooood!Only the good die young.Oo oo oooo Oo!Oo oo oo oo Oooo oo!Oo oo oo Oo!Oo oo oo oo Oooo oo!Oo oo oooo Oo!Oo oo oo oo Oooo oo!Only the good die young!Only the good die young...

SELLER: Billy Joel

LOCATION: Gibson Lane, Sagaponack, NY

PRICE: $22,500,000

SIZE: 5,742 square feet, 4 bedrooms, 6 bathrooms

DESCRIPTION: ...Residence has been expertly renovated in 2009. Tastefully decorated by Nate Berkus, the main house is turn-key complete. Terraces on both levels guarantee breathtaking views of stunning Sagaponack land and seascapes...

One Nice Home In A Great Area = Only 2 exist on this beach

One of only two beachfront homes in this vibrant beach town on the Marin Coast, just over an hour from SF! Renovated, turn-of-the-century estate with gated parking, patios, private gardens, hot tub, sauna, surfer/dog's shower, sun decks, gourmet kitchen, utility/laundry/exercise rm, 2 master suites, Jack & Jill bedroom w/ bath, guest bedroom suite, living room + den both w/ Mariposa slate fireplaces, covered porch, loft, office, ample storage. ..

The Golden State

More Californians were delinquent on their mortgages in the second quarter this year than the same period a year ago, but fewer lost their homes from April through June than in the second quarter the previous year, a real estate research firm reported today.
Lenders sent out a total of 124,562 default notices during the second quarter – these notices are the first stage in the foreclosure process and are sent when a borrower misses numerous payments. That was down 8% from the previous quarter’s record 135,431 default notices, and up 2.4% from 121,673 in the second quarter 2008, DataQuick reported.
Trustees Deeds recorded, or the actual loss of a home to foreclosure, totaled 45,667 during the second quarter. That’s up 5 % from 43,620 for the previous quarter, and down 28% percent from 63,316 for second-quarter 2008. They reached a record 79,511 during last year’s third quarter before dropping following a state law that slowed the foreclosure process and voluntary moratoriums by lenders.
DataQuick President John Walsh said the bogged-down pace of foreclosures may be ending. "There is a perception that the housing market is dragging along bottom, that it probably won’t get much worse, and that the lenders need to get serious about processing the backlog of delinquencies, either with work-outs or foreclosure. We’re hearing that some lenders and servicers are doing just that, hiring more people to do the necessary paperwork. That means the foreclosure numbers will probably shoot back up during the third quarter," Walsh said

Foreclosures that are getting sold right now are mostly 2/28 subprime loans that stopped in 2006 and were fixed for 2 years before adjusting upwards. It takes about 11 months on average to foreclose and sell a property so the stuff that's selling now was 2/28 paper originated in mid 2006. The next wave will be from 5/1 mortgages, also stopped in 2006. These were loans made to people with great credit, but stated income. They will start adjusting in 2011 and unless values return AND lenders begin doing stated income mortgages again, there is no way that these borrowers can avoid foreclosure. With the 11 month foreclosure cycle, we are looking at a dearth of REO in 2012. Hate to be bearish, but reality is what it is.

Fannie Mae Housing

The former CEO of Fannie Mae Daniel Mudd took a lot of flack last year for chilling in his luxurious Washington, DC, home while the rest of the country reeled in mortgage turmoil. Now, as the NY Post's Gimme Shelter reports it's Mudd's turn to test the market. Mudd is selling his Washington D.C. home and looking to buy or rent in Greenwich, Connecticut or nearby because he starts his new job at New York's Fortress Investment Group on Aug. 11. Mudd's home which earned the nickname Mudd Manor last year is a Georgian-style estate built in 1927. It sits on an acre of land that includes a pool, gated drive and carriage house with a three-car garage. The home has a luxurious master suite, sunroom, brick fireplaces, French doors and original wood details including bookshelves and wainscoting.There is also a home theater, wine cellar and servant's quarters. It is listed at $9.5 million.