Kings Point: True Cost of Ownership

HOA fees at Kings Point range from $345 to $850/month — but what matters is what's included in your specific association. Here's the full breakdown, plus property tax math, insurance estimates, and a 10-year projection.

The Fee Structure: Why the Range Is So Wide

Kings Point has a two-tier fee structure. Everyone pays into the KP master association for gates, security, shared infrastructure, and access to the two clubhouses, 8 pools, tram service, and fitness centers. On top of that, your individual condo association sets its own fee for the maintenance of your specific building, exterior, and neighborhood common areas.

The master association fee is approximately $190–$250/month (included within the total fee your association bills you — it's not a separate charge). Your total bill reflects both layers. Here's what the tiers mean:

Total Monthly FeeWhat's Typically IncludedWhat You Pay Separately
$345–$440/moMaster amenities, security, cable, internet, water/sewer, landscapingExterior painting (your share), some repairs, roof reserves may be underfunded
$440–$580/moAbove + exterior maintenance, pest control, building insuranceRoof replacement reserves (check funded status)
$580–$700/moAbove + roof reserves, structural reserves, trash removalInterior upgrades, personal contents insurance
$700–$850/moFully all-inclusive: all exterior, all reserves, all utilities except electricElectric, interior, personal insurance

The comparison that matters: A $700/mo KP fee that includes water, sewer, cable, internet, pest control, exterior maintenance, roof reserves, and security often beats a $300/mo fee elsewhere where you pay all those items separately. Always calculate the true apples-to-apples cost.

Three Real Buyer Scenarios

Property tax uses Hillsborough County unincorporated rate of ~17.9 mills with standard $50,000 homestead exemption. Insurance at KP runs lower than SCC proper for attached/condo units because the association's master policy covers the exterior — you typically only need an HO-6 interior policy at $600–$1,200/year rather than full homeowner coverage.

Scenario A
West-Side Condo (Pre-Bridge)

Purchase price$155,000
HOA/mo (all-in fee)$490
Property tax/yr$1,885
HO-6 insurance/yr$900
Est. all-in/mo~$737

Scenario B
Updated East-Side Villa

Purchase price$240,000
HOA/mo (all-in fee)$580
Property tax/yr$3,406
HO-6 insurance/yr$1,000
Est. all-in/mo~$1,014

Scenario C
Newer East-Side Home

Purchase price$320,000
HOA/mo (all-in fee)$680
Property tax/yr$4,856
HO-6 insurance/yr$1,100
Est. all-in/mo~$1,181

Estimates based on current market data and verified HOA ranges. HO-6 insurance assumes master policy covers exterior and structure — confirm coverage scope with your specific association documents. Property tax assumes homestead exemption. Verify all figures before closing.

The senior exemption opportunity: If you're 65+ and your household income is below ~$36,600, Hillsborough County's additional $50,000 senior exemption saves approximately $895/year on any of these scenarios. File through the Hillsborough County Property Appraiser — application deadline is March 1.

CDD Status: None

Kings Point has no Community Development District assessment. This is worth quantifying: at Valencia Lakes in nearby Wimauma, buyers pay an additional ~$1,800/year in CDD fees on top of their HOA. At Regency at Waterset in Apollo Beach, CDD adds $930–$1,420/year depending on the home collection. At Kings Point, that line item is $0.

Over 10 years, the absence of a CDD saves a KP buyer $9,000–$14,000 compared to CDD-carrying alternatives in the same market at the same price point.

The Reserve Fund Risk Factor

Florida's SB 4-D legislation (effective December 2024) requires condo associations to maintain fully funded structural reserves. For Kings Point's 100+ associations, this means some associations that previously waived or under-funded reserves now face mandatory increases — which translates to either fee increases or special assessments for current owners.

Before buying any Kings Point unit, request these three documents from the seller:

1. Most recent reserve study — shows percent-funded status for all major components (roofs, seawalls, pavement, pools). Percent-funded below 70% is a yellow flag.

2. Last 12 months of board meeting minutes — will reveal any discussion of upcoming assessments, known deferred maintenance, or budget shortfalls.

3. Current year budget vs. prior year — a fee increase above 3–5% annually without a corresponding improvement often signals catch-up funding for deferred reserves.

Full SB 4-D guide for Kings Point buyers →

10-Year Projection (Scenario B Baseline)

Using Scenario B ($240,000 purchase, $580/mo HOA) with 3% annual HOA increase, Save Our Homes property tax cap, and 2.5% annual insurance increase:

YearAnnual HOAAnnual TaxInsurance/yrTotal Annual
Year 1$6,960$3,406$1,000$11,366
Year 3$7,385$3,406$1,051$11,842
Year 5$7,839$3,510$1,104$12,453
Year 10$9,091$3,848$1,245$14,184
10-Year Total$78,500$35,200$11,200$124,900

Does not include special assessments, which are possible given SB 4-D compliance requirements. Verify reserve fund health before purchase. 10-year projection assumes no special assessments.

How Kings Point Compares

Kings Point's fees appear high at first glance — especially compared to Sun City Center's lower sub-HOA fees or The Villages' sub-$200/month amenity fees. But when you factor in what KP's all-inclusive fees cover versus what those buyers pay separately (exterior maintenance, cable, internet, water, pest control, building insurance), the real cost gap often narrows or disappears.

The honest comparison requires adding up what each community's residents actually write checks for each month — not just the HOA line item. Full cost comparison: SCC vs. Kings Point →

Get the Right Numbers Before You Buy

The specific association governing your KP unit determines your actual monthly cost and your special assessment risk. A local specialist can pull the reserve study and budget for any property you're considering.

Talk to a Kings Point Specialist