Residents of Palm Crest have to pay both Homeowners Association (HOA) and Community Development District (CDD) fees for upkeep and maintenance of common amenities, landscaping, and meeting administrative expenses. While HOA fees are payable monthly, CDD fees are charged annually and billed with the annual property tax. These recurring expenses must be factored into the cost of buying homes in Palm Crest at Seabrook, Nocatee.
CDD fees: Depending on the lot size, bond obligations, and home value, CDD fees in Palm Crest are between $2,000 and $3,500+ per year. The fees fund greater Nocatee infrastructure maintenance, such as water parks and amenities, trails, roads and bridges, landscaping of public common areas, and the upkeep of district-owned facilities.
Overall, the yearly outgo of residents for Palm Crest towards HOA and CDD fees is about $2,600 to $4,400+ per year. It is about the same as what residents of other neighborhoods in Nocatee pay, apart from those in a few gated communities with estate-style homes on large lots.