Priced From $189,999Hampton Lakes is a new gated single family home community by Pulte Homes and Lennar which is located within River Hall in Alva Florida. Golf membership is optional to join the River Hall 18 hole Davis Love III championship golf course. Town Hall amenity center includes a pool, game room, fitness center. 4 Har-Tru tennis courts, basketball court, bocce ball and other amenities are offered. Miles of winding trails, sidewalks, lakes and green spaces included. A future town square with retail shopping, dining, a firehouse and more are planned.
The community is located just off state road 80 and a short drive to I-75 and historic downtown Fort Myers.
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Type: Single Family
Community Development District: Yes
Builder(s): Lennar, Pulte
Community Development District Hampton Lakes is located within a Community Development District(CDD). A CDD is essentially a tax-free municipal bond that the homeowners pay off over time. The bond is structured to pay for the infrastructure and/or maintenance of the community. The CDD annual debt service is listed as a non-ad valorem tax on the homeowners annual tax bill which makes the total tax bill higher. Many master planned communities in SW Florida do have a CDD. One of the main reasons for a CDD would be to make the new home prices lower since the infrastructure costs are not bundled in the new home price.
Terms: $38,000 or 20% down, 30 year, 4.5% rate (principal & interest only)