Now Selling From $189,990
Community Development District Cascades 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: $37,998 or 20% down, 30 year, 4.75% rate (principal & interest only)
*All HOA fees, condo fees, prices, assessments and one time fees subject to change at anytime without notice.