Press Release brought to you by K. Hovnanian Homes

Lower Age Requirement, Low Taxes, Basement Option Drawing Younger Buyers to Little Egg Harbor Active-Lifestyle Community

08/01/2016

Little Egg Harbor, NJ, August 2016 ­– There are a number of reasons why homebuyers are attracted to K. Hovnanian’s®Four Seasons at Harbor Bay, a popular Jersey Shore active-lifestyle community in Little Egg Harbor. From its outstanding Ocean County location near the beach, to its distinct home designs and variety of resort-like amenities, K. Hovnanian’sÒ Four Seasons at Harbor Bay has proven to be one of New Jersey’s fastest-selling active-lifestyle communities, attracting a wide range of 55+ buyers from the Garden State and beyond.

Recently, however, the community has been attracting a number of younger buyers who are finding more reasons to love K. Hovnanian’s® Four Seasons at Harbor Bay. For starters, the popular neighborhood, which is designated as a 55+ community, has recently been approved to modify its age restriction so that the builder may now sell a certain percentage of homes to buyers where at least one occupant is between the ages of 50 and 54*. This opens the community to a new set of buyers who are ready and eager for this kind of low-maintenance lifestyle neighborhood.

Like others, these younger buyers are pleased with the variety and sizes of the homes at K. Hovnanian’s® Four Seasons at Harbor Bay. They are also pleased with the option of some homes having a basement, to provide for even more space or maybe for a home media room, playroom for the grandchildren, or just additional storage space. The community offers a choice of six distinct home designs that feature up to 2,900 square feet of living space, with up to three bedrooms, three baths, and attached two-car garages.

Along with these benefits, many buyers from northern New Jersey and New York have also been delighted with the property taxes at K. Hovnanian’s® Four Seasons at Harbor Bay. Property taxes at the community are significantly lower than what many buyers are accustomed to, providing a substantial savings.

Located just fifteen minutes from Long Beach Island in Little Egg Harbor, K. Hovnanian’s® Four Seasons at Harbor Bay is a gated neighborhood featuring beautifully designed, craftsman-style homes that are nicely priced from the mid-$200s (subject to change), with a warm neighborhood ambience. Homeowners enjoy a relaxed, low-maintenance lifestyle with endless options for recreation and socialization. The community’s Clubhouse and Recreation Center is a beautiful, 16,000-square-foot seashore-inspired facility that offers a variety of resort-like amenities, including indoor and outdoor pools, sun decks, a fitness center, spa, billiards and craft rooms, tennis, bocce, horseshoes and more. Throughout the year, the community hosts special events, like Summer Fiesta parties by the pool and Holiday Open Houses for residents and interested buyers. A variety of clubs and other activities are offered, as well.

Quietly located amidst the natural beauty of Great Bay, Little Egg Harbor offers an ideal setting for K. Hovnanian’s® Four Seasons at Harbor Bay. Conveniently located near some of the Jersey Shore’s best beaches, the community is tucked away from all the hustle and bustle, yet remarkably close to the Garden State Parkway and other major highways. Homeowners have easy access to outstanding dining, entertainment and shopping choices. The Sea Oaks Golf Club, a championship 18-hole public golf course, is adjacent to the community. Boating, fishing, great marinas, historic lighthouses, sun-drenched beaches – all of these wonderful amenities are just minutes away.

Visit K. Hovnanian’s® Four Seasons at Harbor Bay this summer, tour the beautifully decorated model homes and the impressive Clubhouse – and discover why more and more younger buyers are finding their way home to this one-of-a-kind active-lifestyle community near the shore. For directions or for more information, call (609) 296-5301. You may also learn more about the community online at khov.com/HarborBay.

* All homes within the community are subject to an age restriction whereby the homes are restricted to use and occupancy by at least one person of age 55 years or over, and with no permanent resident being under the age of 19. The Community has been approved to have up to 15% of its homes occupied by residents where at least one occupant is between the ages of 50 and 54. 

ABOUT HOVNANIAN ENTERPRISES®, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2015 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail list, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.

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Source

K. Hovnanian Homes

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