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Nassau Grove was constructed by K. Hovnanian Homes starting in 2006 and the community was sold out with 244 homes in 2013. The community offers a variety of home styles with single and multi-level options, all with first floor master suites and full basements. Homes may be rented or leased for a minimum of 30 days with HOA Board approval, but only 5% of the 244 homes can be leased at any point in time. All homes are detached single-family houses. Nassau Grove was originally formed as a condo community for development purposes (known as site condos). The Nassau Grove Declaration and the Sussex County tax records classify Nassau Grove as condos.

However, since all homes are single-family detached houses, the Nassau Grove governing documents state homeowners own the limited common property and must purchase single-family homeowner’s insurance for the house and limited common property.

Therefore, Nassau Grove is a “hybrid” community between conventional single family and typical condo. The “hybrid” status can be confusing for buyers and lenders. It is important that any potential buyers explain this ownership to their lender who will decide what type of financing is available.