What Is a CDD Fee?
When a developer creates a massive 10,000-acre master-planned community like Wellen Park, millions of dollars are required upfront for major four-lane roads, regional stormwater retention lakes, underground water/sewer trunk lines, and environmental mitigation.
Verify Fee Schedules Before You Write an Offer
CDD assessments change depending on whether a builder paid down the bond on a specific lot. Let us pull the exact tax assessment record for any home you are considering.
Wellen Park CDD & HOA Fee FAQs
What is a CDD fee in Wellen Park and how is it paid?
A Community Development District (CDD) fee is a special taxing district under Florida Statute 190 that finances public infrastructure like roadways, utilities, and stormwater systems. It appears as an annual non-ad valorem assessment on your Sarasota County property tax bill and is divided into a 20–30 year bond debt portion and an ongoing operations/maintenance (O&M) portion.
Do all neighborhoods in Wellen Park have a CDD fee?
Most newer subdivisions in Wellen Park (such as Everly, Palmera, Lakespur, and Brightmore) carry a CDD fee. However, some earlier communities or specific phases have either paid off their bond principal or were developed under alternative developer agreements, leaving only private HOA assessments.
What is the difference between a CDD fee and an HOA fee?
CDD fees fund major municipal infrastructure, major roads, and master drainage systems managed by a public board. HOA dues fund neighborhood-specific amenities, gated entrances, private community clubhouses, lawn maintenance, and architectural control enforcement.