Monthly Cost to own a home at Islandwalk at West Villages

One of the questions that is asked by clients the most:

What are my expenses to own a home in Florida?  Florida offers communities that are not as common in up North.  The most used terms and names of communities are HOA’s, CDD’s, Condo Associations, PUD’s, Maintenance Free, Gated, Attached villas and Detached villas.  This becomes very confusing for many clients.  The best way for me to explain would be to use examples of communities.  

Here is an example using Islandwalk at West Villages:

Home Owners Association Fee $3,400
Includes Lawn care, irrigation, basic cable, Guard Gate, Maintenance of Lakes, Access to Club area, fitness and pools.

Community Development District Fee $633.00 per year

Mil Rate for taxes 1.62%
For a $300,000 home your taxes would be $4,000 plus CDD
Add all of this together about: $7,250 per year “$605 per month”

Give Mark a Call at 941-408-5326 with any questions.

This will adjust based on the size of lot, price of home and should only be used as an example.

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