Cost Research · Cherrywood · Ocala FL

Cherrywood — True Cost 2026

HOA runs $268–$321/month depending on sub-community (Cherrywood Preserve vs Cherrywood Estates). Here's the full monthly picture including Marion County property tax.

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Cost by Sub-Community

Cherrywood’s $100K–$800K price range reflects genuinely distinct sub-communities under one name. Cherrywood Preserve runs the lower HOA at ~$268/month; Cherrywood Estates runs ~$321/month. Confirm which specific sub-community a listing belongs to before comparing costs — they are not interchangeable.

HOA fee (Preserve)~$268/mo
HOA fee (Estates)~$321/mo
Property tax ($250K home, ~0.9% effective post-homestead)~$188/mo
Insurance~$110–$160/mo
Total (ex-mortgage, Preserve)~$566–$616/mo
CDD bonds can add $800–$2,000/year on newer parcelsSome Cherrywood sections carry a Community Development District bond assessment on top of the HOA fee. Request the property tax bill for the specific parcel — CDD assessments show up there, not in HOA disclosures — before making an offer.
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Marion County Property Tax

Florida’s Homestead exemption removes $50,000 from assessed value for a primary residence, and the Save Our Homes cap limits annual assessment increases to 3% for as long as you own and homestead the property. File the homestead application by March 1 of your first year as a primary resident with the Marion County Property Appraiser.

Verify the specific parcel’s assessed value before budgetingMillage rates and assessed values vary by parcel and section within Cherrywood. Pull the actual current tax bill for any specific home you’re considering rather than relying on a community-wide average.

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