Belle Terre averages ~$706K in Lewes. That is ~$230K above Four Seasons at The Estuary in Millsboro. The Lewes location premium is real — here is exactly what it costs monthly and whether the math works for your retirement budget.
Belle Terre average of ~$706K vs The Estuary average of ~$480K: a $226K purchase price difference. At 6.5% on 80% financing, that is approximately $1,034/month more in mortgage at Belle Terre. The HOA fees are roughly similar (~$250/mo each). Property taxes run $303–$394/mo at Belle Terre vs $173–$224/mo at The Estuary (Sussex County rate applied to purchase price). The total monthly gap at average prices is approximately $1,160–$1,200/month in favor of The Estuary.
That $1,160/month buys you: 6 miles to Rehoboth Beach vs 12 miles, the town of Lewes walkability, and the K. Hovnanian Lewes brand. Whether that is worth $1,160/month is a personal calculation that only you can make.
The monthly cost gap is over $1,100. We can help you decide if the Lewes premium makes sense for your retirement.
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