Buyers of homes for sale in Woodland Park, Nocatee, FL, must factor in HOA and CDD fees as a recurring expense, as both are payable by residents. While HOA fees are payable monthly, CDD fees are charged annually and included in the property tax bill.
HOA fees: HOA (Homeowners Association) fees are about $250 per month. The amount collected is used for maintaining the exteriors of the townhomes, common area upkeep, landscaping, and other structural maintenance that is common to townhomes. The amount of fees is subject to change, and hence, buyers should verify it before investing in a property.
CDD fees: The annual CDD (Community District Development) fee for Woodland Park is about $1,960 per year. This goes towards maintaining the infrastructure of the greater Nocatee community, such as roads, bridges, parks, trails, the Town Center, and Splash Park. Funds are also set aside for conducting regular community events.
Taken annually, residents of Woodland Park pay a total of $4,960 as HOA and CDD fees, not much different from other neighborhoods in Nocatee.