K. Hovnanian new construction in Kent County at $400Ks–$500Ks. How the monthly cost compares to Belle Terre in Lewes and what buyers save by choosing Magnolia over the coastal corridor.
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Talk to a Specialist →Hatteras Hills in Magnolia starts from the $400Ks. Belle Terre in Lewes averages ~$706K. At $450K vs $706K, the gap is $256K. At 6.5% on 80% financing, that is approximately $1,171/month less in mortgage at Hatteras Hills. The operating costs favor Hatteras Hills too: Kent County tax rate (~0.47%) is at the low end of Delaware rates. The total monthly savings vs Belle Terre runs approximately $1,200–$1,300/month. What you give up: a 6-mile beach drive becomes 45 minutes.
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