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Bayside's Second Release Sells Out in One Day

OCEAN VIEW, DE. November 1, 2004 – Carl M. Freeman Communities today announced that all the homes and homesites released for sale on Saturday, October 30th sold within 12 hours at Bayside, a waterfront golf community near Fenwick Island, Delaware.

Second Release Sells Out in One Day

Included in this most recent property release at Bayside were 15 townhomes and 30 single family homes in the Sun Ridge and Commons neighborhoods. The result was more than $20 million in home and homesite purchases in one day. Over $129 million in property has been sold at Bayside since June.

“Bayside is the most exciting golf resort community we have designed to date,” said Patti Grimes, Vice President of Sales and Marketing for Carl M. Freeman Communities. “We have been overwhelmed by the response we have received since our initial launch in June.”

Bayside is a master-planned community located off Route 54 just west of Fenwick Island, Delaware. It will feature a Jack Nicklaus Signature Golf Course and consist of a mix of home types and a variety of high-end recreational amenities. Its unique town center will host both retail and office space. Designed with over 50% open space, it favors the protection of natural resources on the 867 acre property.

“To date, 304 new neighbors have selected to own at Bayside,” Grimes continued. “Many of the first owners have a history of experience with Carl M. Freeman Communities and we promise to make them proud of their continued relationship with us.”

Carl M. Freeman Communities has been developing resort communities on Delmarva for more than 30 years, building more homes at the shore than any other homebuilder. The name has become synonymous with responsible development, highest quality and lasting value.

The Bayside sales office, located on Route 54 just west of the Route 20 intersection, is open seven days a week from 9:00 AM – 5:00 PM. They can be reached by calling 1-877-436-9998. Information is also available on-line at www.livebayside.com.

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