HOA (Homeowners Association) and CDD (Community Development District) fees are a recurring expense that must be factored into the home price when investing in homes for sale at Palmetto Cove at Nocatee. Both funds are used for the development and upkeep of infrastructure and amenities, though the final use case differs between the two.

HOA fees: For a luxury neighborhood such as Palmetto Cove, the HOA fees vary between $800 to $1,500 annually, depending on the lot size. HOA fees are used for the maintenance of the facilities within the neighborhood. It includes maintenance of landscaping, common areas, and overall community appearance. HOA fees are paid monthly and work out to between $70 and $125 on average.

CDD fees: Homeowners in Palmetto Cove have to pay Nocatee/Tolomato CDD fees, which are included annually with the property tax bill. Here too, the amount depends on the lot size and home value and is usually $2,000 to $4,000 annually. CDD fees go towards maintenance of the greater Nocatee infrastructure, including water parks and pools, roads, fitness centers, trails, and other amenities.