Priced From $189,990Cascades in Alva Florida is a new 55 Plus gated single family home community within River Hall. 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.
Located just of state road 80 east of Fort Myers.
See the detailed site plan to view lot positioning in the community for new homes to be built. View the community Homeowner's Association fees. If you enjoy reading the latest community news and reviews, then check out our blog posts.
Type: Single Family
Community Development District: Yes
Builder(s): DR Horton
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, 4.5% rate (principal & interest only)
*All HOA fees, condo fees, prices, assessments and one time fees subject to change at anytime without notice.