2373 N 3rd Ave, Napa, California, is listed for $7.85 million by Cyd Greer of Coldwell Banker Brokers of the Valley – St. Helena.

This week has us dreaming of a wine country getaway, so what better way to appease those cabernet-colored dreams than a Splurge vs. Steal Resort Edition in Napa Valley! From hiking and biking, to boutique shops, restaurants and a flourishing arts scene, Napa is filled with things to do, including owning and operating your own vineyard. For this week’s Splurge vs. Steal I narrowed down Napa’s incredible offerings based on location, acreage, and ability to produce quality fruit. What I found may surprise you.

See them both and then choose your favorite on SecondShelters.com now!

 California midcentury modern with views for days, tucked into an 11-acre property studded with pine, in the heart of a newly-designated AVA (American Viticultural area) designated area sounds like an amazing second shelter — especially when you see all the room it has for entertaining.

Check it out on SecondShelters.com.

One of the stars of Basic Instinct is for sale.

The California home where parts of the 1990s thriller were filmed got a lot of attention as one of the more stunning sets in movie history. It is on the market – and the buyer will have not only a piece of cinematic history but a home with gorgeous, jaw-dropping views of the ocean and Point Lobos.

Check it out on SecondShelters.com.

Cary Grant

This pool house was built for Cary Grant – and it’s nestled in a four-acre compound in Palm Beach, California, surrounded by mountains.

He called it “Villa Paradiso,” and the pool house at this eight-bedroom, 14-bathroom, 15,000-square-foot compound in Palm Springs, California, was designed just for Cary Grant, who was just one of several old Hollywood royalty to vacation at the lush abode.

Today, we take a look at some stunning views and Old Hollywood charm on SecondShelters.com.

Planning a fall trip to California wine country? Resident oenophile Valerie Jarvie has the story on a Sonoma County winery with a North Texas connection — a local entrepreneur and the investor group who made the jump into serious wine making with aplomb.

Click here to read about Cast Wines of Dry Creek Valley.

Photo courtesy of Robert Hensley via a Creative Commons license

Photo courtesy of Robert Hensley via a Creative Commons license

Dallas is one of 15 top markets poised to attract baby boomer homebuyers because of an affordable cost of living, sunny weather, and friendly business climate, according to new research by the National Association of Realtors (NAR).

NAR looked at 100 metro areas with lower state taxes (or none at all, as is the case in Texas), stable job market conditions, and strong migration patterns of “leading-edge baby boomers” (those 60-69) moving to that area. By doing this, they predicted which housing markets are likely to see a boost from baby boomers. Cost of living, housing affordability, and housing inventory availability were also factors in their rankings.

For these reasons, Dallas was identified as one of five markets with strong potential for attracting baby boomer homebuyers.

“It comes down to housing affordability, and lower tax rates in the Dallas area and the state as a whole,” said Adam DeSanctis, NAR economic issues media manager. “More boomers after 65 are working, some because they have to, or feel like they have to, but also those that are healthier and want to maintain an active lifestyle. Those [baby boomer] business owners come to Dallas for its dynamic local economy.”

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Tres and E houseA few months ago, my son bought a home in the Peninsula area of San Francisco, home of the priciest real estate in the country.  I assumed they were getting a shack, but paying for a mansion. The equivalent of our M Streets homes or 1950’s mid century moderns go for $800,000 plus on the Peninsula. He bought in Redwood City, just a few blocks from Palo Alto. That geography saved him a bundle: you cannot get much under $1,000,000 in Palo Alto, and a million there is the price of a starter home.

The home they bought is a “remodeled” 1950’s ranch, but it’s mostly new. The slab was kept intact because in California, regulations make it impossible (and more expensive) to build a new home. So builders retain a part of the original structure, enough to pass as a remodel. My kids’ home is, from the slab up, fresh, new and adorable. Seriously, this is better than a new baby! I absolutely adore it because now I have a bedroom in Cali and when I’m there, I happily vacuum the coffee stained floors as much as I can because I love those floors so much I could eat them. They are reclaimed from an Atherton mansion, hand-scraped, wide wood perfection. And there is a lemon tree right in the front yard!Treas and E house Tres and E house LR Tres and E house DR

Buying this home was a frenzied pace and exhausting, and I was back here in Dallas! The day my kids went to look at the home, the first day it was open, was a mad house. Fifty people converged, found an open door, and within moments were crawling over every molecule of the 1600 square feet. Some were sparring. My son says he almost called the police until he learned this was just a typical California open house. This was last February, before things got really nuts. Buying it was tricky: there were multiple offers and they had to reach over the asking price. My son was so happy to have a Realtor who had a strong relationship with the seller’s agent. In tight markets, you need agents more than ever.

After all that, I found this article entertaining: word that the California market is cooling  a bit from the madness that began right after the new year. I know this madness; my children were a part of it. All the crazy stuff you’ve heard about the California markets are true — homes have been selling for more than asking, there are bidding wars, multiple offers, throngs fighting each other to be the first inside a listing, cash offers, deals on commissions. This swing to a seller’s market happened first in California and Arizona, then spread to other parts of the country. Now, the inventory crunch is upon us: some homeowners hesitate to sell for fear they won’t be able to find a place to buy. Cali Realtors cannot throw a simple cheese and wine sip and see for homes — they’d have to buy five cases. Buyers cannot even go to Costco:  “Some of our buyers don’t even like to go into a Costco for too long if it will block the cell signal they need to get instant (real estate listing) alerts.”

But now, Glenn Kelman, CEO of Redfin, a technology-powered real estate broker backed by Madrona Venture Group and Greylock Partners, says that market is cooling. And while we live in Dallas, where foreclosures are down by 40%, it’s worth a minute to see WHY it’s cooling and if that trend will venture our way:

Bidding wars, says Kelman, are still common, “with Redfin agents facing competition on 95 percent of all homes in May 2013, the highest of any of the 21 markets Redfin serves. For example, Redfin Silicon Valley agent Brad Le reports that this nice-enough $2 million Cupertino listing got 12 offers, and likely went under contract in June for well above $2.4 million. But fewer bidders are competing.”

Agents believe demand is waning not because buyers no longer want a home but because they’ve despaired of ever being able to get one — maybe tired of the craziness.

“About one in four of our Bay Area homebuyers have told us at some point in the last three months that they’re taking a break from their search out of sheer frustration,” says Kelman.”

The four reasons he outlines for the slowdown —

The inventory problemo: “Bay Area real estate is again becoming a free market, where the only people selling are the ones who want to sell. As any East German will tell you, this transition is hard. It’s almost as if homeowners have forgotten how to sell. We expect the supply of homes for sale to increase by the Super Bowl, but if it doesn’t increase a lot, we’re going to have a silent spring, with meager sales gains.”

Sellers monopolize: “…there’s an enormous difference between competition of any kind and no competition whatsoever; it’s like the difference when raising venture capital between having one term sheet or two.”

Flash Sales, Thank You Twitter: “With so many home-buyers across the Bay Area now getting alerts instantly rather than nightly, the whole home-buying cycle here is becoming more like a flash sale, with properties lasting a day rather than a week.”

Crazy-ass offers: “People just get tired of losing, and say, ‘Screw it.’” In just the past few days, a $1.8-million listing in Silicon Valley attracted six offers clustered around a price of $1.95 million, which was at the high end of what recent comparable sales could justify. This kind of competition was familiar to us. But the seventh offer came in half a million dollars higher, at $2.45 million, with no contingencies for an inspection or an appraisal. The seller’s agent was flabbergasted. These are the kinds of shots that send a shiver down the market’s spine.”

Folks cashing out 401K etc. to pay cash for homes: “As the U.S. government approached a fiscal cliff, plenty of folks in Silicon Valley with stock in their own companies became worried that capital gains would be taxed at a higher rate, and so rushed to sell their shares by December 31.”

What we deal with in Texas: more sensible home prices, but this scenario could easily apply to piping hot areas like Lakewood, Park Cities, etc. We have the jobs and everyone is moving here, relocating from economically dismal states. So fasten your seat belts: market trends happening in northern Cali could well be heading our way, along with the population.Tres and E house bedroom1 Tres and E house master bath Tres and E house study

 

 

5312 State Highway 11 gatesA home with an active producing vineyard in North Texas? You bet your chardonnay! I just got in a few hours ago from the Peninsula of northern California where we spent some time near Saratoga Springs at a shooting range. Yes, Virgina, people do own guns in California. Along the winding mountain road we saw numerous, charming little winery estates tucked into the hillside. Then I come home to find out all I have to do is head north a few miles from Dallas to Sherman to find a 44 acre estate with picturesque horizon views and a bountiful 15-acre vineyard of Chambourcin grapes: Angel Ridge Manor at 5312 State Highway 11. The winery produced 9 tons of grapes in 2011.Chambourcin grapes

Yes, Virginia, there are vineyards in North Texas!

Angel Ridge Manor — love the name — also includes a nearly 14,000 square foot residence, two ponds, groves of trees, a barn and a three-bedroom guest house with basement. The main estate home has no less than seven living areas because, I suppose, you need to taste wine in each one. Or at least I DO! I’m sure the family room makes the Merlot take on a more casual cache, while the formality of the parlor tones up the Beaujolais.

Oh my, don’t let me stop there with FORMALS!  No no no, this house is amazing — cooler, maybe, than the Thomas Dundon home over on Northwest Highway just west of Inwood. This veritable palace has a four-tiered home theater, spa, party rooms, an Irish-style pub, music exercise and billiard rooms. There is an indoor lap pool with water falls. There is also, in one of the formal rooms, a 20 foot cast stone fireplace. There is also an elevator or two, extensive stone columns, a secure/tornado/panic room, cabana with fireplace, outdoor kitchen, horseshoe pit, and regulation size tennis and basketball courts. The 70 by 40 foot barn houses a complete water treatment system with 3500 gallons of storage. 5312 State Highway 11 vineyard 5312 State Highway 11 ext pool 5312 State Highway 11 indoor pool 5312 State Highway 11 Master 5312 State Highway 11 Kit 5312 State Highway 11 LR 5312 State Highway 11 theater 5312 State Highway 11 billiards

This place may well be what I have always dreamed of: a freaking compound with WINE!

I’m actually a little disappointed there is only a four-car garage, but at least it is climate controlled to protect the leather seats on the Rolls and Ferrari.

Situated high on a ridge, the very stately approach to this estate features a quarter mile wrought iron and brick pillar fence leading to a gated entry and a lighted bridge along the dramatic tree-lined drive. Asking $2,650,000 which is reduced from $2,700,000 which tells me these sellers are SERIOUS with a capital S and… I’m in the mood to go up and taste some wine. How about you?