When you invest in a The Hammock at Twenty Mile house for sale, you must factor in recurring expenses in the monthly HOA fees and annual CDD fees. HOA fees are used for the maintenance and upkeep of landscapes, common areas, and amenities inside the neighborhood. On the other hand, CDD fees are for the maintenance of infrastructure and amenities offered to residents in the greater Nocatee community.
HOA fees: HOA (Homeowners Association) for the Hammock range between $800 and $1,500 per year or $70 to $125 per month approximately. HOA fees are used for neighborhood maintenance, landscaping of common areas, and community management. HOA fees depend on the lot size and the size of the structure.
CDD fees: CDD (Community Development District) fees in The Hammock are between $1,500 and $4,000 per year, charged with the annual property tax bill. It goes towards the maintenance of the infrastructure of the greater Nocatee community, such as bridges, parks and trails, roads and sidewalks, dedicated golf cart pathways, and development of future Nocatee amenities.
For residents of The Hammock at Twenty Mile, the annual outgo towards HOA and CDD fees is about $2,500 to $4,000 per year.