ALISO VIEJO, Calif.--(BUSINESS WIRE)--In a strategic move to expand its residential offerings in The NorthWalk Neighborhoods at Esencia at Rancho Mission Viejo, The New Home Company (NEW HOME, NYSE: NWHM) has announced plans for Sterling, a collection of 62 single-family, two-story detached residences on a hilltop setting within the award-winning master-planned community. Sterling, NEW HOME’s fourth NorthWalk neighborhood, is now under construction and anticipated to open with a debut of model homes in early 2020.
NEW HOME is currently selling residences at Topaz and Cobalt in The NorthWalk Neighborhoods. While Cobalt offers attached and paired homes, Sterling will join Topaz in featuring spacious detached homes for growing and move-up families who desire a more traditional single-family living experience. NEW HOME recently completed sales at Azure, a neighborhood of contemporary townhomes. Homes in all four neighborhoods were designed by Bassenian Lagoni Architects.
The homes of Sterling will offer an inspired combination of size and cost with some of the most desirable floorplans and architectural styles at Esencia. Depending on family size and lifestyle preferences, Sterling buyers will have the opportunity to choose from four-bedroom, loft or potential five-bedroom floorplans in up to 3,575 square feet, with Napa and Sonoma, Nuevo Farmhouse and American Rustic architectural elevations available. Prices are expected to begin in the mid $800,000s and an interest list is now forming at www.SterlingNWHM.com.
Set on homesites averaging almost 9,000 square feet, Topaz is a collection of spacious residences in a wide array of floorplans with up to 4,420 square feet and up to four bedrooms and four and one-half baths. Prices begin in the low to mid $1 millions.
Cobalt showcases a range of three floorplans, many with optional loft spaces rare in similarly sized homes. The paired homes range from 1,223 to 1,527 square feet with two to three bedrooms and two and one-half baths. Cobalt is priced from the mid $500,000s.
“Sterling is the ideal complement to our current offerings at The NorthWalk Neighborhoods, as we now have multiple choices for an array of buyers looking for a new home in one of the nation’s top selling communities,” said Joan Webb, Chief Marketing Officer for NEW HOME. “With its world-class amenities, excellent schools, convenient access to employment centers and an overall exceptional quality of life, Rancho Mission Viejo is one of the most sought-after addresses in Southern California and we’re pleased to add Sterling to its impressive portfolio of new-home neighborhoods.”
Named for its location along the northern-most point of Esencia’s approximately 890 acres, The NorthWalk Neighborhoods offer backcountry panoramas and walkable pathways linking neighborhoods to The Backyard, a 5.5-acre linear park dotted with an eclectic mix of amenities including covered loggias, fire pits, a zip rail, children’s play zones and playhouses, and an outdoor, social gathering place complete with BBQs, picnic tables and unique chandelier trees that create the perfect ambiance for a relaxing night on The Ranch with friends, family and neighbors. In addition, Esencia is planned to include a sports park with multiple athletic fields as well as an approximately 50-acre commercial center with retail shops and services, restaurants, and professional and medical offices.
The amenities of Esencia join a lengthy list of recreational and social facilities previously opened for Rancho Mission Viejo residents to enjoy, including clubhouses, swimming pools and spas, community farms, water splash zones, picnic/grilling pavilions and event rooms with kitchens, a fully equipped fitness center, seasonal/special event bars, an adventure play park, miles of multi-use trails, tot lots, bocce ball and pickle ball courts, fire pits, a putting green, gardens and patio gathering places, a scenic oak canyon preserve and the Canyon Coffee coffeehouse.
About The New Home Company
NEW HOME is a publicly traded company listed on the New York Stock Exchange under the symbol “NWHM.” It is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas within select growth markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and Phoenix. NEW HOME is a multi-year recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. NEW HOME was twice named to the Inc. Magazine Founders 40 list, recognizing public companies that have maintained a strong entrepreneurial spirit. For more information about the company or its current new-home offerings, visit www.NWHM.com.