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Builder says under construction

Dream Modern · Lennar · Kannapolis, NC

655 Hot Springs Drive

Emerson II plan

$411,999

5 bd · 2.5 ba · 2,307 sqft

Buyer leverage

4 observable signals

  • Published incentive availablePublic builder source verified
  • 3 community price cuts in 30 days
  • 7 quick move-ins currently observed0 ready now
  • First observed today

Observed records, not appraisals or recommendations.

Builder image. May be a rendering or another home built to this plan.

Source: LennarChecked 1 hour ago

The Emerson II plan

See the plan on Lennar
Total floor area · 2,307 sqft20 ft

Specification

Plan
Emerson II
Total area
2,307 sqft
Bedrooms
5
Bathrooms
2.5
Storeys
Garage

Drawn by dwellmark.house from Lennar’s published area, storeys and garage bays, not copied from their floor plan. The outline and the 10ft × 20ft bay are ours.

Price history

Not enough history yet.

Current

$411,999

Since first observed

No net change

Price changes

0

0 cuts

Tracked

0 days

since Aug 25, 2026

  1. First seen

    $411,999

What we observed on the builder’s public listing; earlier changes are not shown.

Builder incentives

Rate buydown

Take Advantage of a Promotional FHA 5/1 ARM Rate of 3.990% (7.092% APR)

Applies across all Lennar communities

Publicly verified

Limited-Time Savings on New Homes

Full terms

¹ This 5/1 Adjustable-rate mortgage remains fixed at 3.990% (7.092% APR) for the first FIVE years of your loan. Starting in year SIX, the rate will adjust once a year based on index changes. Offer available when you sign a purchase agreement on a select new home in the greater Charlotte area between 08/24/26 and 08/29/26 and close by 10/27/26. Interest rate offer requires financing through Lennar Mortgage, LLC ¹ Offer available on select new homes in the greater Charlotte, NC area if buyer signs and delivers a purchase agreement between 08/24/26 and 08/29/26 and closes and fully funds on or before 10/27/26. Information based on a home price of $320,000. Specific terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 680, owner occupancy requirements, FHA Maximum loan limits and/or any changes in investor guidelines or programs. Limited funds are available; rate(s) may change or not be available at the time of loan commitment, lock-in or closing if funds are exhausted. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. Offers, incentives and seller contributions are subject to certain terms, conditions and restrictions. Certain incentives could affect the loan amount. Lennar reserves the right to change or withdraw any offer at any time. Offer requires financing through seller’s affiliate Lennar Mortgage, LLC but use of Lennar Mortgage, LLC is not required to purchase a home ( See Affiliated Business Arrangement Disclosure ). Lennar Mortgage, LLC - NMLS # 1058. Charlotte Sales Center Branch NMLS #1726680. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Prices do not include closing costs and other fees to be paid by buyer (including a builder fee, if applicable, as described in the purchase agreement) and are subject to change without notice. Sq. ft. is estimated; actual sq. ft. will differ. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2026 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage and the Lennar Mortgage logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Seller’s broker(s): Lennar Sales Corp. Date 08/26

Expires Aug 29Verified Aug 25, 2026View builder terms

Offer history

  1. Offer appeared

    No figure published

    Take Advantage of a Promotional FHA 5/1 ARM Rate of 3.990% (7.092% APR) · Rate buydown · builder-wide

    Builder’s page
  2. Offer withdrawn

    No figure published

    Take Advantage of a Promotional FHA 5/1 ARM Rate of 3.990% (7.071% APR) · Rate buydown · builder-wide

    Builder’s page
  3. Offer appeared

    No figure published

    Take Advantage of a Promotional FHA 5/1 ARM Rate of 3.990% (7.071% APR) · Rate buydown · builder-wide

    Builder’s page

Dated from when we observed each change, not when the builder made it.

Community context

Dream Modern

Kannapolis, NC · Lennar

Available now

7

of 9 offered here

Ready now

0

Cuts, 30 days

3

Median asking

$411,999

Median $/sqft

$179/sqft

this home $179/sqft

Medians of what is listed here today. Size, lot and finish vary, so a $/sqft gap is not evidence of over- or under-pricing.

Compare current inventory

Sorted by asking price. No winner is selected.

Lot 29008600233 · Crane II

Builder says ready now

$378,000

Size
1,956 sqft
$/sqft
$193/sqft
Price change
↓ $6k
Lot 29008600234 · Dickenson II

Builder says ready now

$392,000

Size
2,213 sqft
$/sqft
$177/sqft
Price change
↓ $2k
Lot 29008600224 · Dickenson II

Builder says ready now

$409,999

Size
2,213 sqft
$/sqft
$185/sqft
Price change
No net change

Lot 29008600220 · Emerson II

This home

$411,999

Size
2,307 sqft
$/sqft
$179/sqft
Price change
No net change
Lot 29008600225 · Dickenson II

Builder says ready now

$411,999

Size
2,213 sqft
$/sqft
$186/sqft
Price change
No net change
Lot 29008600222 · Emerson II

Builder says under construction

$412,999

Size
2,307 sqft
$/sqft
$179/sqft
Price change
No net change
Lot 29008600235 · Frost II

Builder says ready now

$413,000

Size
2,578 sqft
$/sqft
$160/sqft
Price change
↓ $13k

Recent activity in Dream Modern

  1. New incentiveTake Advantage of a Promotional FHA 5/1 ARM Rate of 3.990% (7.092% APR)

    Lennar incentive

  2. Removed from builder site

    Lot 29008600232 · Crane II

    Lot 29008600232 · Crane II

    Dream Modern · Lennar

    Available · Kannapolis

    $380,000

    Last observed

    4 bd2.5 ba1,956 sqft

    No longer on the builder site

  3. New home listed$411,999

    Lot 29008600220 · Emerson II

    Lot 29008600220 · Emerson II

    Dream Modern · Lennar

    Available · Kannapolis

    $411,999

    Current asking

    5 bd2.5 ba2,307 sqft
    View home
  4. Price cut$425,999 → $413,000

    Lot 29008600235 · Frost II

    Lot 29008600235 · Frost II

    Dream Modern · Lennar

    Available · Kannapolis

    $413,000

    Current asking

    5 bd3 ba2,578 sqft
    View home
  5. Price cut$394,000 → $392,000

    Lot 29008600234 · Dickenson II

    Lot 29008600234 · Dickenson II

    Dream Modern · Lennar

    Available · Kannapolis

    $392,000

    Current asking

    5 bd2.5 ba2,213 sqft
    View home