Category: Brand New Neighborhoods

Greenleaf Neighborhoods at Nocatee – Ponte Vedra, FL

Share Button

Greenleaf Neighborhoods at Nocatee

Nocatee Swim ParkAbout Nocatee – Nocatee was recently named the third fastest selling master planned community development in the United States.  The booming area of Nocatee, with its incredible amenities and park like setting, is drawing people in from all over the world.

The Town of Nocatee covers a vast area of land, over 13,000 acres, with 85 percent of Nocatee in Northern St. Johns County and the other 15 percent in Southeastern Duval County. Currently only 25 percent developed, Nocatee is comprised of seventeen neighborhoods and is home to over 3,000 families.

Residents have access to unparalleled amenities such as Nocatee Splash Water Park, The Nocatee Preserve, multiple community parks, dog trails, playgrounds, nature trails, picnic areas, sports fields, tennis courts, basketball courts, fitness center, and even a zip line.  The Town of Nocatee has been approved for up to three golf courses and developers have future plans to begin building a course in the near future. Continuing with Nocatee’s environmentally friendly theme, Nocatee is the first community in Northeast Florida approved for use of Electric Vehicles. Use of Electric Vehicles is approved anywhere inside of Nocatee.  Electric cart paths are set to connect all of the neighborhoods inside Nocatee to the town center.

About the Greenleaf Neighborhoods – The Greenleaf area of Nocatee is comprised of three different communities, each offering unique homes and floor plans from numerous builders, designed to suite the majority of home buyers. Residents of The Greenleaf Neighborhoods at Nocatee are continually pleased with St. Johns County excellent school system.  Greenleaf Elementary just opened for the 2014-2015 school year, which is walking distance to the homes in all three Greenleaf neighborhoods at Nocatee. Adjacent to the Greenleaf Village community is Greenleaf Park. This inviting and picturesque park rests on 10 acres and boasts beautiful canopy covered nature trails, a dog park, sports play field, children’s playground, picnic areas, and a community pavilion.

Greenleaf Village

Greenleaf Village at Nocatee

Greenleaf Village in The Town of Nocatee is a private and peaceful community located close to US-1 and I-95 on the western side of Nocatee. This western location provides residents with easy access to Jacksonville and St. Augustine. The Community offers homes for families of all sizes with floor plans ranging from 1,400 to 4,400 sq. feet, 2 to 5 bedrooms, and 2 to 4 baths. Builders for the community include, David Weekley, Providence, Ryland, Mattamy, and Standard Pacific.

 Greenleaf Lakes at Nocatee

Greenleaf Lakes is the newest and final neighborhood being build in the Greenleaf area of Nocatee. Design your custom home with David Weekly Homes, Standard Pacific Homes or Providence Homes.

Greenleaf Preserve at Nocatee

Greenleaf Preserve is an impressive community of custom estate homes in Nocatee. The private community consists of only 41 home sites set among preservation areas. Builder ICI Homes offers beautiful and functional custom estate plans which range in size from 2,800 sq.ft. to 5,000 sq.ft., 3-5 bedrooms, and 2-5 baths.

What is a CDD fee?

Share Button

What is a CDD fee?

Red question markNew construction is back… and in a BIG way! As Jacksonville’s new construction specialist, we get asked a lot of questions. Right now, one of the most common questions we are being asked is, “What is a CDD fee?”

In short, a CDD fee is a Community Development District fee. Okay, so now we know what the initials stand for, but what the heck is it? I could go into Florida’s “Uniform Community Development District Act of 1980” or talk about the “Board of Supervisors” but who really wants to hear about that?

Instead, I’m going to show you how a CDD affects you and benefits you. CDD fees really became prevalent around 2003 when the real estate boom started. Developers use CDD’s as a way to offset the cost of community amenities and major infrastructure improvements that would be required to support a housing boom while keeping the purchase price of new homes lower because of the deferred infrastructure cost.

Many people confuse an HOA fee with a CDD fee (Some neighborhoods have one or the other, while others have both or neither). An HOA fee (Homeowners Association Fee) pays for things such as: pool maintenance, common area yard maintenance, guard/security services, community management fees and more. While a CDD will pay for, or help offset the cost of things such as: water/sewer management & control, new roads, bridges & street lights, conservation areas, parks, new schools, fire stations and more. These items are essential to supporting booming developments.

Why a CDD fee?CashBackFlorida.com

The county is not going to come out of pocket for the cost of all the infrastructure improvements that are being requested by the developer(s)… and the developer(s) rarely have the cash on hand to front the expense for all of these improvements and developer the community. So the developer(s) borrow money from the county in the form of a bond and pay that bond back via the CDD fees that are collected.

How long do I have to pay the CDD fee?

The answer to this question all depends on the individual neighbor or development. It all depends on how much was borrowed, how many residents are in the development and other factors. Usually, CDD’s are paid back over a 30 year period. Say you are moving into a development that is 10 years old; you can expect to pay the CDD fee for another 20 years. Ask you Realtor for specifics on any HOA or CDD fees for the areas you are considering. CDD fees are added to your annual tax bill from the county and are collected each month by your mortgage company in your escrow account. Payments for CDD fees are tax deductible, consult your tax professional for details.

Bonus #1:

Builders are always offering various incentives for you to choose to build with them instead of their competitor. Some builders are even offering to pay off your CDD fee! Call today to find out the latest incentives and get qualified for 1% Cash Back on your new construction purchase.

Bonus #2:

Buyers & Sellers… CDD’s can be paid off early. As a buyer, you can request that the CDD be paid off; this can reduce your monthly payment by $100’s.

Sellers imagine if you had the ability to pay off the CDD on your home. In a very competitive market, you could have the only home on the block with a lower cost of ownership, while everyone else has years or decades left to pay on the CDD fee. That will really differentiate your home and give you a competitive edge.