When our community develops new neighborhoods, roads, sewers, utilities, lighting, landscaping, and other infrastructure need to be built before homes go up. Instead of charging buyers all at once, these costs are financed through Community Development District (CDD) bonds. Each property in that district carries a share of the debt, which shows up as a non-ad valorem assessment on your property tax bill.
How Bonds Vary
- By District & Age of Home: Older homes often have lower or paid-off bonds, while newer areas—especially south of Route 44—carry higher balances.
- By Lot or Home Type: Patio Villas may have smaller bonds (around $14,000 in older areas), while larger or newer homes may carry $25,000–$50,000+.
- By Term & Interest: Most bonds run about 30 years with interest and fees included. Owners can either pay annually or pay off the balance in a lump sum.
Examples
- A newer lot might have an original bond near $54,000, costing over $110,000 with interest if left unpaid over 30 years.
- Many homes advertise as “Bond Paid” or “No Bond”—meaning the seller has cleared the debt, and buyers avoid ongoing annual payments.
What Bonds Cover
- Roads and sidewalks
- Sewer, water, and power lines
- Street lighting and landscaping
- Retention ponds, mail stations, and recreation infrastructure
Key Takeaway
Bonds are simply the financing tool that makes our community possible. They spread the cost of building a fully-serviced community over time, giving residents the option to pay gradually through taxes—or to clear the debt upfront.