Empire ranch Oasis: Backyard Paradise with Pool Awaits!

Enjoy resort-like living every day in this striking two-story residence with a guest casita in the desirable community of Empire Ranch. Situated on nearly a quarter-acre, this exceptional home boasts 3,487 square feet, 4 bedrooms, and 3 bathrooms in the main house. The detached guest casita serves as a studio apartment with a full bathroom.

As you enter the grand foyer, you are welcomed by the beautiful formal dining room and living room with 20' vaulted ceilings. A guest bedroom and full bathroom are located on the main level. Chefs will enjoy the open and bright kitchen that features a SubZero refrigerator, double ovens, a dining nook, a dining bar, and a butlers pantry. The family room offers a fireplace and built-in bookcases.

Upstairs, a loft with a built-in desk is centrally located near the remaining bedrooms and bathrooms. Retreat to the spacious master suite that includes a generously sized walk-in closet and spa-like bathroom with dual vanities, a shower stall, and a soaking tub.

This elegant home presents the perfect “stay-cation” backyard with an oversized covered patio that overlooks the expansive park-like grounds with a swimming pool, water features, and an outdoor kitchen with a dining bar.

OFFERED AT $1,098,000

How the Market is Affecting Rate Increases

U.S. equities were mixed on the week as a blockbuster jobs report had investors bracing for the Federal Reserve to raise rates sharply at its next meeting.

The S&P 500 index rose 0.4 percent to close at 4,145 in the five-day period for a third straight week of gains. The Dow Jones industrial average lost 0.1 percent on the week and the Nasdaq gained 2.2 percent.

Employers added 528,000 jobs in July — far more than economists had estimated — and the unemployment rate dropped to match a five-decade low of 3.5 percent. The United States has now recovered all pandemic-related job losses, with payrolls back to the pre-pandemic level. But the job participation rate fell and wage growth stayed at 5.2 percent.

After the report Friday, Treasury yields surged and swap contracts showed that traders think another rate increase of 75 basis points is now more likely than a 50-basis-points one when the Federal Reserve meets in September. 

“The jobs number has the market and investors questioning where that recession is and when it will take hold, so some of the conviction levels are somewhat lower,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. “And I think that’s offsetting the other side of the equation, which is that the Fed will have to be more aggressive.”

Fed speakers from around the nation said they had not yet seen persuasive evidence of cooling prices that would suggest inflation was being tamed. Yet data from the Institute for Supply Management showed sharp declines in prices paid by both service providers and manufacturers in July, suggesting an easing in supply pressures.

Roughly 90 percent of the S&P 500, as measured by market capitalization, has reported second-quarter earnings. Analyst estimates suggest that profits from S&P 500 firms are on pace to increase about 7.6 percent for the April-to-June stretch vs. the same quarter a year ago.

Shares of Uber Technologies surged 37 percent on the week, the most ever, after quarterly results showed robust demand as people return to pre-pandemic travel and commute routines. On the flip side, Caterpillar slumped more than 6 percent on a slowdown in China sales.

On Wednesday, consumer price index data is projected to show that inflation rose 8.7 percent from a year earlier in July, down from the four-decade high of 9.1 percent in June.

The Treasury will sell $54 billion of 13-week bills and $42 billion of 26-week bills on Monday. They yielded 2.566 percent and 3.083 percent in when-issued trading, respectively. It will also auction $42 billion of three-year notes Tuesday, $35 billion of 10-year notes Wednesday and sell four- and eight-week bills Thursday.

July 2022 - Luxury Market Report for Lake Tahoe, California

July 2022 - Luxury Market Report for Placer County

2025 Larkstone Place, El Dorado Hills, CA 95762

STUNNING ENERGY EFFICIENT HOME WITH MATURE LANDSCAPING IN THE DESIRABLE COMMUNITY OF BLACKSTONE

Exceptional quality Blackstone home with owned solar. This remarkable residence presents 2,768 square feet, 4 bedrooms, 2.5 bathrooms, and an office. As you enter through the charming covered porch, you are welcomed by the natural light that fills the open floorplan and beautiful hardwood flooring.

The kitchen features stainless appliances, a 5-burner gas range, two ovens, a walk-in pantry, a spacious nook, and an island that overlooks the great room. The family room and dining room are separated by a stunning double-sided fireplace. An office and half bathroom complete the main level of the home.

Upstairs, a large and open hallway divides the master bedroom and the remaining three bedrooms and full bathroom. The master suite boasts a spa-like bathroom with dual sinks, a soaking tub, a shower stall, and a walk-in closet. The laundry room is conveniently located on the upper floor. Retreat to the park-like backyard that offers an expansive concrete patio, mature landscaping, a soothing water feature, a built-in BBQ, and a two-tier garden with separate irrigation. There is abundant parking with the tandem 3-car garage which showcases built-in cabinetry, overhead storage, and epoxy floors.

Enjoy the lowest HOA & Mello Roos in the community and the highly desirable location that allows for an ideal El Dorado Hills lifestyle; just a short walk to the award-winning K-8 Montessori Charter School.

Listed at $829,900

July 2022 - Luxury Market Report for Sacramento County