When you invest in a Town Center at Nocatee home for sale, you need to pay both Homeowners Association (HOA) and Community Development District (CDD) fees. HOA fees are collected monthly by the administration, and the CDD fees are payable annually along with the property tax bill.
While HOA fees are used for the maintenance of the neighborhood common areas, the CDD fees are used for the upkeep of the infrastructure in the greater Nocatee area.
HOA: Residents of all neighborhoods at Town Center pay monthly HOA fees for the maintenance of facilities and landscaping inside the community. The lowest is at West End, ranging between $250 and $400 annually, while for the rest, the average works out from $500 to $700 per year. The amount is used for landscaping of common areas, exterior maintenance of exteriors in townhomes and attached villas, architectural review, and community standards enforcement.
CDD: On average, CDD fees across all eight neighborhoods in Town Center range between $1,700 (West End) and $2,400 (Willowcove) per year. The funds cover the upkeep of Nocatee infrastructure, such as the Town Center, Splash Park, Community Parks, roads, bridges, stormwater systems, and more. These recurring expenses must be factored into the budget when you invest in homes for sale at Town Center at Nocatee.