Many people are concerned with CDD Fees when looking to buy new and existing homes. St Johns County is loaded with neighborhoods and subdivisions that use CDD Fees to build out and maintain the infrastructure. Many newer planned communities were built like this. Many times you will see higher CDD Fees, and lower HOA fees. So in essence the CDD Fee acts like an HOA. Look below for listings or click here for an advanced search. St Johns County is home to Nocatee, one of the fastest growing planned communities in the Nation. And Durbin Crossing.
A CDD is formed by a developer to in order to build and provide amenities in a new community or a Community Development District. The CDD is actually a legal entity that can enter into and negotiate contracts, own real and personal property, incorporate bylaws, rules, guidelines and regulations in order to uniformly manage the development. CDD's can tax and asses owners in the community. This is your CDD Fee. Traditionally this consists of a bond and working capital. The life of the bond is typically pre-determined (20-30 years). This bond is divided among the home owners of the community. A home owners portion of the bond can be paid off in full at any time. If you have a good REALTOR, you may be able to negotiate with your builder to have this paid before purchasing your new home. Many times this fee can be included in your mortgage. Also, be aware that CDD Fees are attached to the individual properties, not the owner. Below you will find listing of homes for sale with no CDD Fees. You can also view Julington Creek Plantation homes for sale.
St Johns Country Local News