HOA (Homeowners Association) and CDD (Community Development District) fees depend on several factors such as lot size, type of home, and neighborhood amenities. These are recurring expenses as HOA fees are paid monthly and CDD fees are reflected in the annual property tax bill. These two items must be factored in when you work out your budget before looking at 20 Mile Nocatee homes for sale.

HOA fees: The average HOA fees in Twenty Mile range between $100 and $250 per month. However, the fee for The Colony is higher as it is a luxury gated community where expenses for additional security and privacy are collected. Typically, HOA fees cover landscaping of shared spaces, common areas upkeep, and administrative expenses for maintaining the neighborhood.

CDD fees: CDD fees in Twenty Mile range between $2,000 and $4,500+ annually, depending on the age of the homes with newer homes have higher outstanding bond assessments. CDD fees cover expenses for maintenance of the greater Nocatee infrastructure, such as trails, parks, roads, bridges, stormwater systems, and other infrastructure facilities.