Reverie at Silverleaf: True Cost of Ownership

No CDD. HOA $198–218/month. Here is the full 10-year math — and what the no-CDD structure actually saves compared to Parkland Preserve.

Reverie at Silverleaf has the simplest cost structure of any new-construction 55+ community in St. Johns County: one HOA fee, no CDD, and St. Johns County property tax. The HOA runs $198–218 per month, includes lawn maintenance, and covers the private Reverie amenity center. The 10-year projection is clean. There are no phased assessments to verify, no infrastructure bond balances to research, no parcel-by-parcel CDD variation. That simplicity has real dollar value — and this page shows exactly what it amounts to.

No CDD — ConfirmedMultiple listing sources, Dream Finders marketing, and St. Johns County parcel records confirm no Community Development District assessment at Reverie at Silverleaf. This is the primary structural cost advantage over Parkland Preserve and the unconfirmed-CDD communities in this market.

Year-1 Monthly Cost Breakdown

Cost Item	Annual	Monthly
HOA (at $208/mo midpoint)	$2,496	$208
CDD	$0	$0
Property tax on $425K home (year 1)	$5,051	$421
Homeowners insurance (estimate)	$3,200–$4,500	$267–$375
Total non-mortgage (mid insurance)	~$11,397	~$950

10-Year Total Cost of Ownership

$425,000 purchase price. Property tax at 13.47 mills, $50K exemption, 3% annual SOH cap after year 1. HOA held at $208/month ($2,496/year). Insurance excluded.

Year	Property Tax	HOA	CDD	Annual Total	Cumulative
1	$5,051	$2,496	$0	$7,547	$7,547
2	$4,900	$2,496	$0	$7,396	$14,943
3	$4,753	$2,496	$0	$7,249	$22,192
4	$4,611	$2,496	$0	$7,107	$29,299
5	$4,473	$2,496	$0	$6,969	$36,268
6	$4,339	$2,496	$0	$6,835	$43,103
7	$4,209	$2,496	$0	$6,705	$49,808
8	$4,083	$2,496	$0	$6,579	$56,387
9	$3,961	$2,496	$0	$6,457	$62,844
10	$3,842	$2,496	$0	$6,338	$69,182
10-Year Total	$44,222	$24,960	$0	$69,182

What the No-CDD Structure Actually Saves

Compared to Parkland Preserve at the same $425,000 price point:

10-Year Item	Reverie at Silverleaf	Parkland Preserve (Low CDD)	Parkland Preserve (High CDD)
Property tax	$44,222	$44,222	$44,222
HOA	$24,960	$9,200	$9,200
CDD	$0	$23,900	$39,240
10-Year Total	$69,182	$77,322	$92,662
Reverie advantage	—	Saves ~$8,140	Saves ~$23,480

The no-CDD advantage grows significantly at the high end of Parkland Preserve's CDD range. At $3,924/year in CDD fees, Parkland Preserve costs approximately $23,480 more than Reverie over 10 years — at the same purchase price. If Parkland Preserve homes are priced lower than Reverie, that price differential narrows the gap. Run the actual numbers for the specific homes you are comparing. Full head-to-head comparison →

One Item to Verify: Master HOADream Finders markets Reverie with HOA at $198–218/month. Confirm before closing whether a separate SilverLeaf master association fee applies in addition to the Reverie HOA. Some master-planned community structures layer a master fee on top of the neighborhood fee. If a master HOA exists, add it to the totals above.

What the HOA Covers at Reverie

Lawn mowing and trimming — included for all homeowners, not just common areas
Private Reverie amenity center: resort pool, spa, fitness center, pickleball courts, bocce ball, event lawn
Lifestyle Director on staff
Gated community entry maintenance
Access to SilverLeaf master amenities (verify scope with builder)

Reverie at Silverleaf is still in active new construction — lots and floor plans are available. Get confirmed pricing and the complete fee structure from a local agent before making any cost comparisons.

Connect with a Local Agent →

No-CDD status and HOA range $198–218/month confirmed via Dream Finders, multiple listing sources, and county records. Verify master HOA before closing. Property tax at 2025 St. Johns County millage of 13.47 mills. 10-year projections assume flat HOA; actual costs may vary. Insurance excluded. This page is for research purposes only.