Buying in Lakewood Ranch: CDD fees, HOA fees and your rebate
Lakewood Ranch spans Manatee and Sarasota counties and has been among the best-selling master-planned communities in the country for years. Many purchases are new construction.
The rebate on new construction
Builders in Lakewood Ranch typically pay the buyer's agent if you register your agent at the first visit. On a $650,000 new home with a 2.5% buyer agent fee, a 25% rebate is about $4,063.
CDD fees
Lakewood Ranch uses Community Development Districts to fund roads, water and amenities. CDD charges appear on your property tax bill and can include a debt portion that is paid off over years. Ask for the exact CDD amount for the specific lot.
HOA fees
Separate from the CDD, and vary by village and amenities.
Compare total monthly cost
A home that is $20,000 cheaper but carries a higher CDD can cost more over ten years. Compare the full monthly picture.