When you want to invest in homes for sale in Austin Park, Nocatee, and finalizing your budget, take HOA (Homeowners Association) and CDD (Community Development District) fees into account. These are compulsory expenses, though the amount varies based on the neighborhood, home, and lot sizes, and some other aspects.
Here are the approximate amounts that Austin Park residents must pay as HOA and CDD fees.
HOA fees: HOA fees are monthly maintenance fees used primarily for community upkeep, common area landscaping, and other expenses. The main purpose is to ensure that the neighborhood is well-maintained and always has an aesthetically beautiful look. For Austin Park, the HOA fee is around $700 annually.
CDD fees: CDD fees are meant for the general upkeep of the greater Nocatee community. It includes maintaining recreational facilities, golf cart paths, walking trails, fitness centers, parks, pools, and others. Residents of Nocatee have to pay CDD fees annually along with the property tax. The approximate CDD fee paid by Austin Park residents is $1,770 to $2,200 per year.