Arden Wins Aurora Awards named “Masterplanned Community of the Year”

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August 13, 2019

 

Freehold Communities has announced that its two South Florida communities have won three of the top awards – the Grand Awards – from the annual Aurora competition sponsored by the Florida Home Builders Association (FHBA) and the Southeast Building Conference (SEBC).

Arden, the “agrihood” in Palm Beach County, was named “Masterplanned Community of the Year,” while its themed recreation center, The Barn, was named “Best Recreational Facility or Amenity.”

Shearwater in St. Augustine was named “Best Community Site Plan.” Arden also received the Silver Award for” Best Single Family Detached Model Home – 3,000 to 3,499 square feet,” and “Best Site Plan.”

The Aurora competition honors the best design trends in the Southeast U.S. The 2019 Aurora Awards included entries in 54 categories for attached and detached housing designs, including interior design, detailing, custom and re-use and renovation work. Also honored are diverse commercial, recreational and specialty buildings, as well as land planning achievements.

Headquartered in Boston, and founded in 2013, Freehold is currently developing eight master plans throughout the United States.

“The Aurora Awards signify the very best in planning, design and development, qualities we continually strive to achieve in our communities,” said Freehold Southeast Division president Andy Smith. “The recognition by these respected industry leaders tops a year of successes and milestones for both Arden and Shearwater. We are extremely honored that they were recognized as the very best from Aurora judges.”

Set on 1,209 acres, Arden includes a mile-long central lake, 20 miles of trails, and 500 acres of parks and open space. The heart of Arden is its community farm, which has received national recognition. Under the direction of two experienced Farm Directors, the Arden Farm celebrates Florida’s agricultural abundance through year-round production, while it brings the community together for healthful events such as tropical fruit tastings, farm-to-table cooking demonstrations, tree planting events and resident volunteer days on the farm.

Earlier this year, Arden unveiled its 4,000-square-foot Barn, which won Aurora’s Grand Award for Best Recreational Facility or Amenity. The Barn is where residents gather for seasonal themed events and workshops on topics from organic gardening to flower arranging. The Barn includes Arden General Store, providing residents a unique experience offering Florida-made goods that prioritize community and environmental impact. These include local and organic vegetables, fruits, coffees, teas, honey, popsicles, ceramics, and natural body care products.

Shearwater is a 1,524-acre, 2,600-lot community with 13 miles of walking trails through 600 acres of preserved habitat, parks, fields, lakes and canoe/kayak access to Trout Creek. Like Arden, Shearwater combines abundant recreational amenities with a wealth of social spaces.

Shearwater’s many recreational amenities – central to its award-winning land plan – include natural open spaces: trails, parks and preserved habitat, including Trout Creek with kayak and canoe access. At the heart of this nature-themed community is the Kayak Club, the inviting hub for all residents. Its many recreational amenities include a resort-style pool with three-story waterslide, a Junior Olympic competition lap pool, and a lazy river, all set within lush landscaping and spacious lounge areas.

Even Shearwater’s homes connect indoors and outdoors. Some floor plans feature multi-slide doors flooding the room with natural light. Other homes offer doors that collapse to create a seamless transition from living room to the spacious outdoors.

 

Homebuying power is on the verge of a 20-year-high

And according to First American, likely lower mortgage rates and rising incomes could mean homebuying power reaching its highest level in almost 20 years.

“The first Fed rate cut since December 2008 will trigger industry and media speculation about mortgage rates declining further,” said Mark Fleming, chief economist at First American. “While changes to the federal funds rate don’t directly influence mortgage rates, a rate cut will indicate concern about possible economic weakness and that may increase demand for long-term Treasury bonds, which mortgage rates follow closely.”

He added that if the mortgage rate declines from its current July 2019 level of 3.8% to the expected level of 3.7% in the third quarter of 2019, assuming a 5% down payment, and the July 2019 average household income of $65,800, house-buying power increases a modest 0.1%, from $410,000 to $414,000.

“In this hypothetical 3.7 percent mortgage rate environment, consumer-house buying power would be 13.3% higher than it was in July 2018, when the 30-year, fixed mortgage rate was 4.5%. In fact, it would be the highest house-buying power in the history of the series, which dates to the year 2000,” said Fleming.

Real House Price Index

First American’s Real House Price Index for May showed a decline of 0.7% month-over-month and declined 3.7% year-over-year.

The RHPI measures the price changes of single-family properties throughout the US, adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels.

Based on changes in income and interest rates, homebuying power increased 1.3% between April and May and increased 9.3% year-over-year.

“Our estimate of average household income, based on Census and Bureau of Labor Statistics data, is at the highest level since 2000. Average nominal household incomes are nearly 57% higher today than in January 2000,” said Fleming. “Record income levels combined with mortgage rates near historic lows mean consumer house-buying power is more than 150% greater today than it was in January 2000. While rates are expected to remain low, the fate of the labor market will determine the direction of the other half of the house-buying power equation and, ultimately, affordability.”

 

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New Home Tour of Our Three Newly Completed Quick Occupancy Estate Homes!

You’re Invited to the New Home Tour of Our Three Newly Completed Quick Occupancy Estate Homes!
Saturday July 20th, 1- 4pm

Construction completed last week on one of our most popular models, The Edgewater, and is not to be missed! This quick occupancy model is one-story with 5 bedrooms, 3.5 baths, 3-car garage offering 4,376 total sq. ft. Also available for quick occupancy is the largest home in all of Arden – The Davenport. Spanning 5,647 total square feet, this luxurious estate home offers 6 bedrooms + study, 3.5 baths and 4-car garage.

View Quick Occupancy Homes

Visit us this Saturday, July 20th to tour our three luxury designer furnished models and our newly completed quick occupancy homes. And don’t forget to ASK ABOUT OUR SPECIAL INCENTIVES!

19076 Fly Rod Run, Wellington, Florida, 33470
Kenco Communities Realty, LLC.
www.gokenco.com | (561) 410-5404 | KencoSales@GoKenco.com

Kenco Communities Can Personalize Your Estate Home

Kenco Communities offers five different models of luxury estate homes in the Arden agrihood community. These Palm Beach County homes feature spacious indoor and outdoor living areas.

Choosing a Kenco model gives you the opportunity to live in your dream estate home. The Davenport allows homeowners to turn the formal dining room into a theater-style media room, providing plenty of space for a cinema quality theatrical experience.

Recently a client requested a mother-in-law suite with a private entrance. Our designers quickly drew up a floor plan that transformed a section of the home into a private bedroom, bathroom, and small kitchenette.

For more information regarding personalizations with Kenco Communities at Arden email info@gokenco.com or visit https://www.gokenco.com/.

The Davenport is Available for Immediate Occupancy

Live In Arden’s Largest Estate Home

The spacious Davenport model home is available for IMMEDIATE OCCUPANCY. 

The Davenport – 6 Bedroom + Study, 3.5 Bath, 4-Car Garage, 5,647 Total Sq. Ft.

  • Open floorplan
  • Master down
  • Spacious lanai
  • Tropical swimming pool
  • 4-car garage
  • Porcelain plank tile
  • Butler’s pantry
  • Exquisite granite and quartz countertops

Why wait to enjoy everything Arden has to offer it’s residents. Arden’s highlight is the extensive amount of community green space, including parks, playfields, greenways, nature trails or lakes. The scenic property features 20 miles of walking and biking trails; 175 acres of lakes for fishing, kayaking or canoeing; and an expansive great lawn for events. Arden is the only master-planned community in South Florida and among the first in the state to feature a farm as a central component of community life. The five-acre parcel will produce fruits, vegetables and herbs under the guidance of two farm directors, and feature an event barn where residents can gather for seasonal themed classes, harvest experiences and more.

Arden’s Most Anticipated Model Grand Opening Features Four Sprawling Models

On Saturday, Jan. 26 and Sunday, Jan. 27 at Arden, a new master-planned community in the Wellington/Loxahatchee area, renowned longtime South Florida luxury homebuilder Kenco Communities will showcase four of its brand new, designer luxury estate models. These are Arden’s largest homes built on its largest lots.

The most anticipated model grand opening at Arden, features Kenco’s four-, five- and six-bedroom designer furnished models, ranging from 4,281 square feet to over 5,000 square feet. The model grand opening takes place at 19076 Fly Rod Run, Wellington, FL 33470.

Kenco’s models are situated in the community’s premier enclave and sit on 80-by-130-foot or larger lots. Kenco has the only lakefront lots within Arden which include a private dock option.

For a limited time, Kenco’s homes in Arden are available starting from the low $600,000s. Some homes are available for immediate or quick occupancy.

“We have the biggest homes and the biggest lots in Arden, and offer the best of the best in the community,” said Lorna Swartz, Kenco Communities sales director. “These homes offer spectacular value and are like none other in Palm Beach County.”   

Sneak Preview Aster Model Grand Opening

Come see this furnished estate home featuring over 4,200 total sq. ft., 4 bedrooms, 3-car garage, all in a one-story gracious floorplan. We also offer other single- and two-story 4-6 bedroom models. Kenco Communities invites you and your family to learn more about our lakefront enclave at Arden. Pre-construction priced models for a limited time from only $594,900.

Open Friday, Saturday, Sunday and Monday from 10am – 4pm

19076 Fly Rod Run, Wellington, Florida, 33470