Captain's Way

Single Family Homes from the upper $300s • Ellendale, Delaware

Promotion

3.75% Rate Fixed for First 7 Years**

7/6 ARM — 3.75% (5.346% APR)

On select homes sold and closed by January 30, 2026

OR

Flex Cash Equivalent

Promotion

Captain's Way: Amenity-Rich Single-Family Homes Near Milton in Ellendale, DE

Discover an amenity-filled lifestyle near downtown Milton and sandy beaches with luxury new-construction homes in Ellendale, DE. Captain's Way offers 4 versatile floorplans featuring up to 4 beds, 2.5 baths, 2,430 sq. ft., and one of our designer-curated Looks. These homes near Milton feature unparalleled community amenities, proximity to amazing Delaware beaches, and are situated within Cape Henlopen School District.

Each of our single-family homes in Ellendale is finished in our Elements, Farmhouse, or Loft interior Looks. With available single-story ranches, private wooded homesites, and homes overlooking scenic community ponds, there is truly something for everyone.

Less than 5 miles from bustling downtown Milton, Captain's Way offers robust amenities, including a clubhouse, pool, walking trails, dog park, and pickleball courts.

Offered By: K. Hovnanian at Aspire at Captain's Way, LLC

Sales Office: Closed, opens Mon 10:00 AM

Call 888-425-1807

Promotion

3.75% Rate Fixed for First 7 Years**

7/6 ARM — 3.75% (5.346% APR)

OR

Flex Cash Equivalent

On select homes sold and closed by January 30, 2026

Why you’ll love living here:

Just moments from downtown Milton and breathtaking beaches, this amenity-filled community offers spacious and versatile homes.

  • Dog Park

  • Clubhouse

  • Resort-Style Pool

  • Pickleball Courts

  • Walking Paths

  • Interiors

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Tour Our Homes on Your Schedule

With UTour, you can schedule a private, self-guided tour at a time that works for you — even if a sales consultant isn't available. Simply choose a quick move-in home, click "Schedule a Self-Guided UTour," and reserve a time slot; once your UTour account is active, you'll receive a digital keypad code to unlock the home and tour it at your leisure. Booking a home tour has never been easier.

 

Home of the Week

Oleander II DA

Oleander II

  • 2,135 Sq ft
  • 2 Stories
  • 4 Beds
  • 3 Baths
  • 2 Cars

15004 Boatswain Avenue, Ellendale, DE, 19941 | Homesite 0269

The Oleander II on Lot 269 is a beautiful home! With its inviting design and quality finishes, this home offers a perfect blend of style and practicality. 

Available Now

Now

$419,990

$472,000

Available

Now

The Evolution of Homebuying

Some builders give you a million interior choices

(Each one at an additional cost to you)

Numerous flooring options
Numerous faucet options
Numerous carpet color options
Numerous cabinet color options
Woman with a confused expression

The Evolution of Homebuying

Others give you only a few, limited choices

Underwhelming material samples shown in white
Underwhelming material samples shown in beige
Underwhelming material samples shown in brown
Woman with a frustrated expression

The Evolution of Homebuying

Our approach is different

Woman with a smiling expression

Introducing our designer-curated interiors

  • Beautiful

  • Simple

  • Honest

Beautiful Designs

Our designers have curated Looks where every color, material and detail is coordinated for you.

Simple Choices

A few simple choices to express your individual style throughout the entire home.

Barcelona Gas Kitchen Elements Palette 1 Level 2 Elements
Barcelona Gas Kitchen Farmhouse Palette 1 Level 2 Fresh Farmhouse
Barcelona Gas Kitchen Loft Palette 1 Level 2 Neutral Loft
Barcelona Gas Kitchen Classic Palette 1 Level 2 Restoration Classic

Honest Pricing

Each selection shows you a clear and transparent price, with no hidden costs or fees along the way

It’s not just a white box, but a complete interior design without hiring a designer.

(but people will think you did.)

Take a closer look at the designer-curated choices we’ve included for you.

Passionflower II ESP Kitchen Loft Palette 1 Aspire Coastal Loft
Passionflower II ESP Kitchen Loft Palette 1 Aspire Coastal Loft

Palette 1

Loft

Farmhouse

Elements

Compare the details of what’s included in each Look.

Design your new home from one of our floorplans, or move in sooner with a Quick Move-In.

Ready to move in sooner?

3 Quick Move-in Homes Available

  • See What's Included
    Oleander II DACaptains Way Oleander II Oleander II DA Aspire

    Oleander II DA

    Oleander II

    • 2,135 Sq ft
    • 2 Stories
    • 4 Beds
    • 3 Baths
    • 2 Cars

    14956 Channel Rn, Ellendale, DE, 19941 | Homesite 0294

    Available Now

    Estimated payment

    $2,447/mo.

    Current total price

    $429,990

    $459,900

  • See What's Included
    Captains Way Adriatic Adriatic DA Aspire

    Adriatic DA

    Adriatic

    • 1,793 Sq ft
    • 1 Story
    • 4 Beds
    • 2 Baths
    • 2 Cars

    14959 Channel Rn, Ellendale, DE, 19941 | Homesite 0285

    Available Now

    Estimated payment

    $2,132/mo.

    Current total price

    $369,990

    $401,150

  • See What's Included
    Oleander II DA

    Oleander II DA

    Oleander II

    • 2,135 Sq ft
    • 2 Stories
    • 4 Beds
    • 3 Baths
    • 2 Cars

    15004 Boatswain Avenue, Ellendale, DE, 19941 | Homesite 0269

    Available Now

    Estimated payment

    $2,395/mo.

    Current total price

    $419,990

    $472,000

Explore the area

Site plan

Devoted to building communities of excellence

K. Hovnanian®Homes is heir to a history of solid success, financial strength, award-winning standards of homebuilding quality and an authentic commitment to customer satisfaction

What our homebuyers are saying

Gatlin Farrington PHX

"Everything from start to finish was great. As a first time homebuyer I could not have asked for a better team to help me out along the way."

Gatlin

Annemarie Pantazis SEC

"The sales staff, mortgage consultants and construction manager did a fantastic job explaining the process, keeping me informed of the progress, and delivering an absolutely beautiful home. I am extremely pleased with the entire process and the final product is stunning!"

Annemarie

Kerri Vean HOU

"The K. Hovnanian experience is one you won’t regret. No matter the circumstance, they really go the extra mile to get you in a home."

Kerri

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K. Hovnanian® Homes

has 4.3 out of 5 stars in all areas

4344 reviews in all areas

Ratings Category

5

2699

4

660

3

453

2

256

1

276

Star Rating Breakdown

Overall

4.2

Quality

4.1

Trustworthiness

4.2

Value

4.2

Responsiveness

4.2

Legal Disclaimers

Prices, availability, and specifications may change without notice. Lot and view premiums may apply, and availability is not guaranteed. This site makes use of licensed stock photography, artist renderings and may use artificial intelligence. Some photography and artist renderings may be used for illustrative purposes and contain structural options, furnishings or designer features that are not included as standard. Certain materials may be discontinued or substituted. Room dimensions may vary.  Please see a community Sales Consultant to learn how you can personalize your new home with optional features and upgrades. Amenity offerings may vary by community. Financial incentives including but not limited to rate buy downs, builder forward commitments (BFCs), special fixed interest rates and flex cash offerings are limited and may be discontinued without prior notice.  Please speak with a community Sales Consultant for details.

**Conventional 7/6 Adjustable Rate Mortgage ("ARM") Interest Rate starting at 3.75% (5.346% APR) (“Promotion”) valid on new home contracts entered as of 12/3/25-12/30/25 (“Promotion Period”) on select eligible Quick Move-in Homes (“QMI”) that close on or before 1/30/26. The advertised Annual Percentage Rate (“APR”) of 5.346% APR is based on a Conventional 7/6 ARM, 30-year fully amortizing term, with a Total Purchase Price of $475,000 and a loan amount of $380,000, 20% down payment and 780 median credit score. The initial starting interest rate is 3.75% for 84 months.  After the initial period, the variable interest rate and payment may adjust every six months and equal the total of the 30-Day Average Standard Overnight Financing Rate (“SOFR”) index (2.75% as of 12/2/2025) plus a margin of 2.75%. The maximum change in the interest rate is up to 5% at the first adjustment, up to 1% every six months thereafter with a maximum lifetime adjustment of 5% (max life interest rate of 8.75%) and your payment will increase.  Available for conventional conforming loan limits, owner-occupied only (minimum loan amount $225,000). Special Interest Rate Financing may change or not be available or funds may be exhausted at the time of loan commitment, lock-in or closing. This offer may change or be cancelled without prior notice. Promotion eligibility, buyer must: (1) pre-apply with KHAM by visiting K. Hovnanian American Mortgage prior to offer; (2) and finance with KHAM; and (3) meet all other eligibility and closing requirements. Seller reserves the right to modify the above finance Promotion terms and/or Promotion Period at any time prior to contract. Buyer is not required to finance through KHAM however, Buyer must finance through KHAM to receive the finance Promotion. Interest rates and available loan products are subject to underwriting, loan qualification, and program guidelines. Credit scores/occupancy/property type can add additional buyer costs.  Maximum seller contributions apply.  Seller is not acting on behalf of or at the direction of HUD/FHA or the Federal government. Seller is not a lender. Offer and subject to all RESPA guidelines. This is not a commitment to lend. Buyer is subject to credit and underwriting qualifications, and investor program guidelines. Not available on all homes or in all communities or states.  Cannot be combined with any other discounts, promotions, or incentives. Not all borrowers will qualify. Restrictions apply.  See Sales Consultant for details. Services not available in all states. K. Hovnanian American Mortgage, L.L.C. NMLS #3259|3601 Quantum Boulevard, Boynton Beach, FL 33426 (www.nmlsconsumeraccess.org) | KHOVMORTGAGE.COM. Licensed by Arizona Department of Insurance and Financial Institutions. Lic. #906585. Licensed by California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Lic. #4130532. Licensed by Delaware Office of the State Bank Commissioner to engage in business in this State. Lic. #7864 Expiration 12/31/2026. Licensed by Florida Office of Financial Regulation. Licensed by the Georgia Department of Banking and Finance #22272. Licensed by the Maryland Office of the Commissioner of Financial Regulation. Licensed by New Jersey Department of Banking and Insurance. Licensed by Ohio Division of Finan­cial Institutions. Lic. RM.850228.000. Licensed by the Pennsylvania Department of Banking and Securities. Licensed by South Carolina Board of Financial Institutions. Mortgage Banker Registration issued by Texas Department of Savings and Mortgage Lending. Licensed by Virginia State Corporation Commission, Bureau of Financial Institutions Lic.#MC-2661. Licensed by the District of Columbia Department of Insurance, Securities and Banking. Licensed by the West Virginia Division of Financial Institutions. For licensing information, go to www.nmls­consumeraccess.org. Equal Housing Opportunity.