NevelHaus, a turnkey luxury developer, announced Wednesday that it has tapped SERHANT. and the Upstate Curious Team from Keller Williams Realty Hudson Valley North to market and sell eight luxury homes in the Hudson Valley hamlet of Stone Ridge, New York.
According to the press release, the homes, developed in partnership with INC Architecture & Design, are located on 44 wooded acres just a few minutes drive from Stone Ridge’s Main Street Historic district.
The customizable three-bedroom, two-and-a-half bath homes feature 30 foot vaulted ceilings, over 925 square feet of entertainment space and wood burning stoves. Buyers also have the option to add on an in-ground pool, a carport, a garage or studio pace and solar panels. Pricing for the homes starts at $1.625 million.
“The pandemic accelerated many would-be second home owners to pull the trigger on purchases outside the city and the mentality of a weekend escape has transformed into longer stretches of time for true flexibility,” Ryan Serhant, the CEO and founder of SERHANT. said in a statement.
NevelHaus said the timeline from purchase to move-in date is expected to be roughly eight to 10 months. Considering the numerous challenges faced by homebuilders, including supply chain issues, as well as labor and material shortages, this turnaround is much faster than what most builders across the country are estimating for their own projects.
Despite the challenges of building a new home right now, many buyers have turned to new builds due to the limited inventory of existing homes.
“The limited inventory of ground up turnkey homes in prime upstate locations has created a challenge for buyers,” Megan Brenn-White of the Upstate Curious Team said in a statement. “It’s exciting to introduce exceptional new development that is the only of its kind for the upstate market to our deep network in the Catskills and Hudson Valley.”
However, as home prices and mortgage rates have continued to rise, homebuilder confidence has decreased. In April, the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) fell to 77. In addition, single-family housing starts dropped 1.7% month over month in March, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
