Tidewater is a condominium community, and owners pay HOA (Homeowners Association) fees to help maintain common areas and support the operation of the community. Fees may increase over time, but tend to be used for things like exterior maintenance, landscaping, building maintenance, common area maintenance, insurance for shared structures, and amenity maintenance. Typically, it ranges between $250 to $500 per month.
This is one of the advantages many residents experience: a lessened load of day-to-day maintenance duties. Homeowners can spend their weekends enjoying the lifestyle and amenities throughout Nocatee, rather than caring for a lawn or coordinating exterior repairs.
CDD (Community District Development) fees are collected annually along with property taxes and range between $1,600 and $2,700. The funds are largely utilized for the upkeep of the infrastructure, like roads and bridges, parks, and amenities in greater Nocatee.
For buyers, the convenience provided by the association outweighs the additional monthly cost. This is especially true for seasonal residents, retirees, and homeowners who travel frequently and prefer a low-maintenance ownership experience.