Parkland Preserve: True Cost Guide

St. Augustine, FL  ·  D.R. Horton Freedom Series  ·  367 Homes  ·  55+ Age-Restricted

Parkland Preserve's HOA of $230 per quarter looks modest. Add the CDD — which ranges from $2,390 to $3,924 per year depending on your specific lot — and the combined annual carrying cost before property tax runs $3,314 to $4,848. This page breaks down exactly where those numbers come from, what determines where your lot lands in that CDD range, and what the 10-year ownership cost looks like at the low and high end.

Confirmed Fee Summary

Cost ItemAmountFrequencyAnnual Total
HOA fee$230Quarterly$920/year
CDD assessment (low)Annual (on tax bill)$2,390/year
CDD assessment (high)Annual (on tax bill)$3,924/year
HOA + CDD (low end)$3,310/year ($276/mo)
HOA + CDD (high end)$4,844/year ($404/mo)
What Determines Your CDD AmountThe $1,534 annual gap between the low and high CDD is not arbitrary. CDD bonds are assessed by phase — earlier phases in development often carry higher bond balances that translate to higher annual assessments. As the bonds pay down over time (typically 20–30 year terms), the assessment drops. A home in Phase 1 at Parkland Preserve may carry $3,924/year; a later-phase home may carry $2,390/year. Ask the seller for their specific annual CDD line item, or pull the parcel at sjcpa.us and look for the CDD assessment in the tax detail.

Property Tax Calculation

St. Johns County 2025 millage: 13.47 mills. The CDD does not replace property tax — it is an additional line item on the same bill.

Home PriceTaxable Value (after $50K exemption)Annual Tax (year 1)Monthly
$374,900 (entry)$324,900~$4,376~$365
$425,000 (mid-market)$375,000~$5,051~$421
$470,000 (resale high)$420,000~$5,657~$471

10-Year Total Cost of Ownership

The following projections assume a $425,000 purchase price, homestead exemption applied from year 1, 3% annual Save Our Homes cap limiting property tax growth after year 1, no HOA or CDD increases (verify — both can change), and insurance not included. Run two scenarios: CDD at $2,390 and CDD at $3,924.

YearProperty TaxHOACDD (low $2,390)CDD (high $3,924)Total (low)Total (high)
1$5,051$920$2,390$3,924$8,361$9,895
2$4,900$920$2,390$3,924$8,210$9,744
3$4,753$920$2,390$3,924$8,063$9,597
4$4,611$920$2,390$3,924$7,921$9,455
5$4,473$920$2,390$3,924$7,783$9,317
6$4,339$920$2,390$3,924$7,649$9,183
7$4,209$920$2,390$3,924$7,519$9,053
8$4,083$920$2,390$3,924$7,393$8,927
9$3,961$920$2,390$3,924$7,271$8,805
10$3,842$920$2,390$3,924$7,152$8,686
10-Year Total$44,222$9,200$23,900$39,240$77,322$92,562

The $15,240 gap between the low and high CDD scenario over 10 years is the number that makes verifying your specific parcel's CDD worth the effort before you make an offer.

How Parkland Preserve Compares

At Reverie at Silverleaf — no CDD, HOA $198–218/month — the 10-year HOA cost on a comparable home runs approximately $23,760–$26,160. Compare that to Parkland Preserve's HOA plus CDD total of $33,100–$48,440 over the same period. The gap is $9,000–$25,000 over 10 years, offset by any purchase price difference between the two communities. Full CDD vs no-CDD comparison →

Before making an offer at Parkland Preserve, get the confirmed CDD amount for your specific lot. The difference between $2,390 and $3,924 annually is $15,240 over 10 years.

Connect with a Local Agent →

HOA confirmed at $230/quarter. CDD range $2,390–$3,924 sourced from county parcel records and agent disclosures; verify your specific lot at sjcpa.us. Property tax uses 2025 St. Johns County millage of 13.47 mills. 10-year projections are estimates. This page is for research purposes only.