K. Hovnanian® to Open Aspire at Waterstone, a New Community of Affordable Homes with Resort-Style Amenities in the Treasure Coast

K. Hovnanian Homes is excited to announce the opening of Aspire at Waterstone, a new community of single-family homes starting from the $200s in the Treasure Coast of Florida. Aspire at Waterstone offers something for everyone, with four beautiful home designs including both single-story and two-story plans, which range from 3 to 5 bedrooms, 2 to 3 baths, and include up to 2,321 square feet of living space.

These new construction homes offer spacious floor plans, designer interiors, and special features like expansive covered lanais for enjoying the warm Florida weather. Additionally, residents will have access to resort-style amenities such as a clubhouse with a state-of-the-art fitness center, pool, tennis and volleyball courts and playground.

Aspire at Waterstone will also offer K. Hovnanian’s new Extra Suite+ home design, the Lelia, which offers 3 full bedrooms in addition to a personal suite with its own spacious bedroom, living area, full bath, closet, and personal outdoor entrance. The Lelia is designed to meet a wide range of family needs, including multi-generational living.

Eligible homebuyers will have the opportunity to own a new home at Aspire at Waterstone for as low as $1,119 per month*.

About Hovnanian Enterprises, Inc.

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, 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 name K. Hovnanian Homes. Additionally, the Company's subsidiaries, as developers of K. Hovnanian's® Four Seasons communities, make the Company one of the nation's largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc. can be accessed through the "Investor Relations" section of the Company website at https://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 https://www.khov.com.

Disclaimer

*Aspire at Waterstone is offered by K. HOVNANIAN ASPIRE AT WATERSTONE, LLC. All dimensions are approximate. Features and options may vary. Unless stated hardscape, landscape and decorator items not included. Prices subject to change without notice. Interest rate is as of 07/01/2020. Monthly mortgage payment of $1,119 is calculated on a sales price of $230,000, an interest rate of 2.5% for a 33-year ?xed, owner occupied, Section 502 USDA Direct Loan mortgage, with a 0% down payment and a purchaser with a minimum credit score of 640. Monthly mortgage payment includes principal, interest, property taxes, homeowner's insurance, HOA fees and USDA directed payment assistance. Property taxes, homeowner's insurance, private mortgage insurance and HOA fees are estimates only and may be higher. Interest rate quote is not guaranteed and is subject to market conditions and may change or program may be cancelled without prior notice. See a Sales Consultant for full details. Equal Housing Opportunity.

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