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

http://www.roundtablerealty.com/idx/search/b6d767d2f8ed5d21a44b0e5886680cb9/

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

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420 Properties Found. Page 1 of 35.
Photo of Listing #949698

2180 Eventide Ave, St Johns

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

MLS® # 949698

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Photo of Listing #834973

417 Triple Crown Ln, St Johns

$2,880,000 - 6 Beds, 7 Baths, 8,535 Sf

MLS® # 834973

FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Photo of Listing #955409

3362 State Road 13, St Johns

$2,400,000 - 5 Beds, 6 Baths, 7,180 Sf

MLS® # 955409

WATSON REALTY CORP
Photo of Listing #990023

3030 State Road 13, St Johns

$2,350,000 - 7 Beds, 7 Baths, 7,588 Sf

MLS® # 990023

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Photo of Listing #974966

136 Greenbriar Estates Dr, St Johns

$2,195,000 - 7 Beds, 8 Baths, 6,745 Sf

MLS® # 974966

WATSON REALTY CORP
Photo of Listing #985678

1958 Eventide Ave, St Johns

$2,165,000 - 4 Beds, 5 Baths, 4,254 Sf

MLS® # 985678

KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
Photo of Listing #991845

4710 State Rd 13, St Johns

$1,900,000 - 9 Beds, 10 Baths, 9,140 Sf

MLS® # 991845

GREAT EXPECTATIONS REALTY
Photo of Listing #955923

3060 State Rd 13, St Johns

$1,470,000 - 4 Beds, 4 Baths, 4,430 Sf

MLS® # 955923

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
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 #969083

925 Bayside Bluff Rd, St Johns

$1,290,000 - 4 Beds, 5 Baths, 5,709 Sf

MLS® # 969083

WATSON REALTY CORP
Photo of Listing #1001097
New Listing

3355 Bishop Estates Rd, St Johns

$1,250,000 - 5 Beds, 4 Baths, 5,565 Sf

MLS® # 1001097

CORE REALTY, LLC
Photo of Listing #973005

3339 State Rd 13, Jacksonville

$1,250,000 - 3 Beds, 3 Baths, 3,592 Sf

MLS® # 973005

RE/MAX SPECIALISTS

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 June 19th, 2019 at 4:53am EDT.

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