March 19, 2009: The St. Augustine Record - D.R. Horton/Sebastian Cove

With quality affordable homes still in high demand, buyer competition is fierce for securing the few remaining Phase One purchase opportunities at D.R. Horton’s beautiful Sebastian Cove. The builder’s outstanding homebuyer incentives are setting the benchmark as some of the best housing values found in Northern St. Johns County.

Whether you are in the market for that exciting first home, or looking for something cozy, yet spacious enough to accommodate a family, D.R. Horton has a plan for everyone within Sebastian Cove. Having already sold 26 of its single-family residences within one year, the builder’s nine remaining Phase One home sites are still available for purchase.

Located in picturesque St. Augustine, Sebastian Cove home sites of 75 feet wide and 160 feet deep serve as the foundation for D.R. Horton’s Discovery Series floorplans. The builder’s innovative homes range in size from 1,278 to 3,401 square feet.

Of the nine available home sites, one offers the Dover home design, priced at $189,990 with a discount of $40,238; and the Mesa Verde home style, priced at $176,990 with a discount of $39,727. These residences are ready for immediate move-in.

Two of the builder’s home sites will feature the Biscayne and Olympic floorplans. The estimated date of completion for both is July 2009. Five additional home sites are available at pre-construction pricing, starting from the $160s.

“We are currently offering a tremendous buyer’s package for both our single- and multi-family homes that consists of phenomenal price points; outstanding community savings packages; all-paid closing costs through a preferred lender; and USDA finance programs,” said Lauren Eastman, sales manager for D.R. Horton. “We expect that our Phase One homes will not remain on the market long. Homebuyer interest, particularly now that the government stimulus package has been introduced, is still quite high.”

As the nation’s largest homebuilder nears total sell-out of its Phase One homes within the growing community, it also has introduced two new multi-family product lines called The Lofts at Sebastian Cove. Both condominium offerings are currently available for purchase at fantastic pre-construction prices. Over 60 of the new residences – each featuring one-level living space – already have been sold.

For those desiring an affordable lock-and-leave, coastal lifestyle, Sebastian Cove’s spacious condominiums make this architecturally distinct neighborhood the perfect place to call home. Unbelievably priced from the $90s, all condos feature a modern appliance package including a washer and dryer, as well as window blinds. Attached garages are available in select homes.

“The USDA finance program is a well worth looking into. It allows qualified buyers to purchase with no down payment,” said Todd Hawkins, new home consultant for D.R. Horton. “Very few opportunities like this exist in today’s market. We are offering a rare combination of low prices, quality homes, USDA financing and other programs, low mortgage interest rates, and all-paid closing costs. This definitely makes owning a home more affordable than renting.”

Condominium home shoppers have six ample loft styles from which to choose. These homes also include a washer and dryer; an abundance of storage and closet space; and a direct-access garage. The floorplans are:

Compton: 1,079-square-feet featuring 2 bedrooms, 2 baths
Danbury: 1,230-square-feet featuring 2 bedrooms, 2 baths
Dover: 1,284-square-feet featuring 3 bedrooms, 2 baths
Hartford: 1,346-square-feet featuring 3 bedrooms, 2 baths
Lexington: 1,354-square-feet featuring 3 bedrooms, 2 baths
Newport: 1,473-square-feet featuring 3 bedrooms, 2 baths

D.R. Horton’s second line of stunning loft styles is wonderfully chic and provides plenty of room for creating signature appeal. Homeowners have three distinct floor plans from which to choose:

Laurel: 940-square-foot condominium featuring 2 bedrooms, 2 baths
Pine: 1,118-square-foot condominium featuring 2 bedrooms, 2 baths
Willow: 1,157-square-foot condominium featuring 3 bedrooms, 2 baths

Community amenities include a sparkling pool with sundeck; a children’s playground; a well-manicured environment; safe and convenient sidewalks, and city utilities.

Being ideally located near to historic St. Augustine and just minutes to Downtown Jacksonville, Sebastian Cove is close to many popular concert and sports venues; regional, outlet and boutique shopping; fine and casual dining; eclectic art galleries, antique shops and much more — all easily accessed by local major thoroughfares. It also is just six miles from the Atlantic shore.

Sebastian Cove golf enthusiasts can enjoy play at several local courses, such as: St. Johns Golf and Country Club, South Hampton golf community and Cimarron. Residents also can enjoy the many venues of World Golf Village, as well as larger-than-life movie screenings at IMAX Theater.

D.R. Horton continues to enjoy its well-earned reputation as an industry leader in innovative new home construction, land development and sales management. Its exceptional portfolio includes a diversified mix of world-class single-family residences and multi-family communities. Currently, the company builds in 27 states and 77 real estate markets, and it enjoys the number one ranking in the nation for closings by Builder magazine for the sixth consecutive year. D.R. Horton also is the number one builder in Northeast Florida, a multiple Parade of Homes™ and Laurel Award winner and a recipient of the Northeast Florida Builders Association’s (NEFBA) prestigious “Builder of the Year” award.

Sebastian Cove is located at 2510 Golden Lake Loop in St. Augustine. From I-95, take the SR 16 exit and travel east for approximately two miles. Turn left onto Stratton Boulevard and follow signs to the Sales Center.

For more information, please call D.R. Horton new home consultant Todd Hawkins at (904) 825-2814. Additional information about D.R. Horton and Sebastian Cove can be found at www.drhorton.com.

# # #
Thank You