What is a CDD Fee?

Should I be scared of them?

The short answer is no, but you should certainly know about them when deciding where to buy. Very often, homebuyers that are looking at new construction some ask me about CDD  Fees. This is especially the case when we head down to North St. Johns County and consider, Durbin Crossing, Aberdeen, or Julington Creek. It's important to note that there are positives and negatives to CDD Fees.  Some positives are that, typically, you are moving into a community with great amenities and usually in a highly desirable area. A negative might be that you are having to pay for it!

“CDD” stands for Community Development District.  Every single piece of property in a particular community will have a fee attached that lasts the life of the bond.

When the developer finds a piece of land that he wants to build on and turn into a neighborhood or community of single family homes, instead of spending millions of dollars putting in the sewer system, hooking up to city water, and putting in the groundwork for wiring, the builder might finance the infrastructure by selling bonds to investors for financing to complete this portion of the project. That is why you'll receive a monthly payment (fee) for each parcel. So when purchasing a home in a community, you are taking over the bond payments from when the community started. For more information on Florida CDD Bonds click here.

 

 

If you have any questions about CDD fees call us: (904) 469-7653

http://www.roundtablerealty.com/durbin-crossing-homes-for-sale.php

http://www.roundtablerealty.com/julington-creek-homes-for-sale.php

http://www.roundtablerealty.com/nocatee-florida-homes-for-sale.php

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http://www.roundtablerealty.com/world-golf-village-homes-for-sale.php

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212 Properties Found. Page 1 of 18.
Photo of Listing #949698

2180 Eventide Ave, St Johns

$9,900,000 - 7 Beds, 10 Baths, 12,501 Sf

MLS® # 949698

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Photo of Listing #1019180

4445 County Road 210 West, St Johns

$2,600,000 - 3 Beds, 2 Baths, 1,296 Sf

MLS® # 1019180

WATSON REALTY CORP
Photo of Listing #968050

222 Hallowes Cove, St Johns

$1,350,000 - 4 Beds, 4 Baths, 3,545 Sf

MLS® # 968050

EXIT REAL ESTATE GALLERY
Photo of Listing #1036189

2900 State Rd 13, Jacksonville

$1,299,000 - 5 Beds, 5 Baths, 5,604 Sf

MLS® # 1036189

KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Photo of Listing #1001829

2353 State Road 13 North, St Johns

$1,199,000 - 1 Beds, 1 Baths, 9,319 Sf

MLS® # 1001829

PRISTINE PROPERTIES OF FLORIDA LLC
Photo of Listing #1062697
New Listing

1958 Eventide Ave, St Johns

$1,195,000 - 5 Beds, 4 Baths, 3,015 Sf

MLS® # 1062697

RE/MAX SPECIALISTS
Photo of Listing #1057451

1513 Wentworth Ave, St Johns

$1,150,000 - 5 Beds, 4 Baths, 3,831 Sf

MLS® # 1057451

RE/MAX SPECIALISTS
Photo of Listing #1042691

1121 Popolee Rd, St Johns

$999,500 - 5 Beds, 4 Baths, 3,313 Sf

MLS® # 1042691

SAM FOLDS, INC., REALTORS
Photo of Listing #1035187

432 East Kesley Ln, Jacksonville

$989,000 - 6 Beds, 5 Baths, 5,061 Sf

MLS® # 1035187

RE/MAX SPECIALISTS
Photo of Listing #1036014

35 Ames, St Johns

$979,900 - 4 Beds, 4 Baths, 3,585 Sf

MLS® # 1036014

FLORIDA HOMES REALTY & MORTGAGE LLC
Photo of Listing #1027894

12 State Road 13 North, St Johns

$975,000 - 3 Beds, 2 Baths, 2,003 Sf

MLS® # 1027894

WATSON REALTY CORP
Photo of Listing #1052494

174 Blue Sky Dr, St Johns

$919,000 - 5 Beds, 5 Baths, 4,546 Sf

MLS® # 1052494

RE/MAX STERLING

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Round Table Realty are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Listing information last updated on July 12th, 2020 at 5:08am EDT.