Ballad

Starting From

$744,990+

Estimated Monthly Payment

$2,754

Own a home at The Cove at Spring Lake
Temporary Interest Rate Buydown Subsidy Available.
Year 1: Payment of $2,754, based on a 4.125% Interest Rate, 6.309% APR
Year 2: Payment of $3,022, based on a 5.125% Interest Rate
Year 3-30: Payment of $3,305, based on a 6.125% Interest Rate

Principal & Interest

$2,171

Property Tax

$186

Hazard Insurance

$60

HOA Fee

$337

Total estimated monthly payment

$2,754

Financing example based on a Conventional conforming 30 year loan product with a 2-1 buydown. Based on a sales price of $744,990, a loan amount of $447,979 and a 40% down payment. Principal and interest payment of $2,171/month with a rate of 4.125% for year one, $2,439/month with a rate of 5.125% for year two, $2,722/month with a rate of 6.125% for year three and an APR of 6.309%. Rates come at a cost of 1.25% of the loan amount. Real Estate taxes are estimated at $186 per month and hazard insurance is estimated at $60 per month for a total monthly payment of $2,754 for year one, $3,022 for year two and $3,305 for years 3-30. The total payment shown includes the monthly HOA fee of $337. Interest rate is based on a 30 day rate lock. Rates and APR on loan programs may vary based on credit criteria, final amount of down payment and are subject to current market pricing. Maximum product permissible Interested Party Contribution Limits and QM points/fee limits apply. Certain restrictions may apply. Prices, offers and financing are subject to change without notice. Financing is available through NVR Mortgage Finance, Inc. NMLS ID# 1127.

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302.214.6315

available home in The Cove at Spring Lake

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Get in touch with us to learn more about building this home.

Located in The Cove at Spring Lake

3+ Bedroom

1,951+ Sq.Ft.

2+ Bathroom

1 Half Bath

1 Car Garage

Floor Plan

Interactive Floor Plan

Virtual Tour

Model Video

About the Home

Welcome to The Ballad, a beautiful 1-car garage townhome that offers the space and style of a single-family home. It's the perfect beach retreat, ideal for hosting family and friends. The entry-level foyer leads to a spacious rec room that can be used for entertaining or easily converted into a guest suite with the addition of a full bath. On the main level, a bright and open great room connects seamlessly to the gourmet kitchen and dining area. The large island is perfect for preparing meals and gathering with loved ones. Upstairs, you'll find two comfortable bedrooms and a full bath. The luxurious owner’s suite includes two walk-in closets and a dual vanity bath, offering a relaxing private space at the end of the day. Located within walking distance of Rehoboth and Dewey Beaches, The Ballad is part of The Cove at Spring Lake, the lowest-priced new home community in the area. It offers exceptional value in one of the most desirable coastal locations.

Peace of Mind Built In

A better-built home enhances your life. Our whole-home approach to performance and efficiency providing you the highest levels of comfort while lowering your monthly energy costs by up to 30%.

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Located in the

The Cove at Spring Lake Community

20873 Windbreaker Drive
Rehoboth Beach, DE 19971

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Floor Plan

Virtual Tour

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