KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced the grand opening of The Cove at Bay Pines in St. Petersburg, where it plans to construct 56 single-family homes. KB Home will host an official ribbon cutting ceremony on Tuesday, January 7th at 4 p.m. with the St. Petersburg Area Chamber of Commerce and the Seminole Chamber of Commerce. St. Petersburg Mayor Rick Kriseman and Seminole Mayor Leslie Waters will participate in the festivities. An official celebration for potential homeowners will be held on Saturday, January 11th, featuring complimentary food, hot air balloon rides, and other family-fun activities.

KB Home is already active in the Tampa-St. Petersburg area, with five KB Home communities currently open for new home sales. In addition to The Cove at Bay Pines, KB Home plans to open a community called Boca Ceiga in St. Petersburg in early 2014.

"The debut of our terrific brand new community, The Cove at Bay Pines, is a fitting way for KB Home to kick off the new year and what we anticipate will be an exciting 2014 for us in Tampa," said Chris Ryan, president of KB Home's Tampa division. "I look forward to leading KB Home's continued growth here, and helping to make the American dream of homeownership a reality for Tampa-area residents for years to come."

The Cove at Bay Pines is located just two miles from Madeira Beach with easy access to other local beaches including Redington, St. Pete and Clearwater. The commuter-friendly community is also minutes from I-275, the Gandy Bridge and Sunshine Skyway Bridge and offers convenient access to recreational activities at Treasure Island, Tropicana Field and John's Pass Village. The Cove at Bay Pines will be served by the nationally recognized Pinellas County School District.

Five two-story floor plans will be available at The Cove at Bay Pines, ranging between 2,294 and 3,290 square feet, with up to six bedrooms and three baths. All KB homes at The Cove at Bay Pines can be personalized to meet the individual needs of each homebuyer. For example, home shoppers may opt for a first-floor bedroom with attached bath in lieu of a formal den, or a covered patio in the backyard.

In addition to choosing their home's décor, KB homebuyers can also enhance their home's technological capabilities by including modern conveniences like multi-room audio systems, digital flat-panel television prewiring, home automation systems and security packages during the building process.

All new KB home also include a Wiser TM home management system, which will allow homeowners to track their home's energy consumption, in real-time, from practically anywhere. The standard system is also the base of a platform that can be enhanced to include home automation features such as remote door lock control, lighting, thermostat and security system operations.

"Only at KB Home's The Cove at Bay Pines can residents own a tech-ready, Built to Order home so close to Tampa's major attractions," Ryan said.

KB homes built at The Cove at Bay Pines will be ENERGY STAR® certified and include WaterSense® labeled faucets and fixtures, making them some of the most energy-efficient available today, with the potential to help save homeowners money on their home's energy costs.

KB Home's The Cove at Bay Pines is now open for information. Visit www.kbhome.com or call 888-KB-HOMES to learn more about KB Home in Tampa.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order TM approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com