Sun City Center / Apollo Beach FL → Southshore Falls

Southshore Falls: True Cost of Ownership

Del Webb's Apollo Beach 55+ community with no CDD — the full monthly number including HOA, taxes, and insurance.

No CDD at Southshore Falls
Unlike Valencia Lakes, Valencia del Sol, and Medley — Southshore Falls carries zero Community Development District assessment. That's roughly $1,800/year you won't see on your tax bill.

Southshore Falls is a 866-home Del Webb 55+ community in Apollo Beach, completed in phases between 2006 and 2014. The resale market here offers meaningful value compared to new construction CDD communities — buyers get Del Webb quality construction without the ongoing CDD drag. Homes range roughly from the high $200s to mid $400s depending on size and condition.

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What You'll Actually Pay Per Month

$300,000 Home

~$2,050/mo
~$24,600/yr all-in

$360,000 Home

~$2,200/mo
~$26,400/yr all-in

$420,000 Home

~$2,360/mo
~$28,320/yr all-in

No mortgage assumed. Includes HOA, property taxes with homestead exemption, and insurance estimate. No CDD line — that's the point. Utilities and golf cart costs not included.

Cost Stack: $360,000 Home (Detailed)

Cost ItemMonthlyAnnualNotes
HOA dues~$320~$3,840Verify current rate; includes amenities
CDD assessment$0$0None — confirmed no CDD
Property taxes (assessed ~$310K w/ homestead)~$230~$2,760Hillsborough unincorporated ~17.9 mills
Homeowners insurance~$250–$320~$3,000–$3,840Single-family; shop multiple carriers
Flood insurance (if applicable)~$80–$150~$960–$1,800Apollo Beach area; check parcel FEMA zone
Total estimated monthly~$880–$1,020~$10,560–$12,240Before utilities or mortgage
The CDD savings in real numbers: Compared to Valencia Lakes or Valencia del Sol at similar price points, Southshore Falls buyers save approximately $1,800/year — or $150/month — simply by not having a CDD. Over 10 years, that's $18,000 in assessments that never appear on your tax bill.

HOA: What $320/Month Covers

Southshore Falls' HOA covers more than many buyers expect for the price:

The HOA does not cover:

Golf cart registration: Hillsborough County requires annual registration for golf carts operated on public roads. The fee is nominal but the insurance is separate from your homeowners policy — ask your agent for a golf cart rider or standalone policy. Most Southshore Falls residents use carts to access Apollo Beach's nearby amenities and the Manatee Viewing Center.

Property Taxes: Apollo Beach vs. Wimauma

Both Apollo Beach and Wimauma are in unincorporated Hillsborough County, so millage rates are similar. The practical difference is that Apollo Beach properties tend to have higher assessed values — which means slightly higher taxes at comparable square footage — but the absence of CDDs at Southshore Falls more than compensates.

ScenarioAssessed ValueTaxable ValueAnnual Tax Est.
Year 1 (no exemptions yet)$360,000$360,000~$6,444
Year 2+ (standard homestead)$360,000$310,000~$5,549
Age 65+, income below ~$36,600$360,000$260,000~$4,654

File for homestead exemption by March 1 of the year after you close. File online at the Hillsborough County Property Appraiser website. The senior exemption requires a separate annual application with income documentation — it doesn't apply automatically.

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Insurance: Apollo Beach Flood Exposure

Apollo Beach sits on Tampa Bay's shoreline. This creates genuine flood risk considerations that inland Wimauma communities don't face to the same degree:

Southshore Falls vs. CDD Communities: 10-Year Math

10-Year CostSouthshore FallsValencia Lakes (similar price)
HOA (10 yr, 2%/yr increase)~$41,800~$56,400
CDD assessments (10 yr)$0~$18,000
Property taxes (10 yr, est.)~$52,000~$50,000
Insurance (10 yr, est.)~$38,000~$34,000
10-Year Total~$131,800~$158,400

Rough estimates for comparable purchase prices. Valencia Lakes insurance estimate lower reflects inland location vs Apollo Beach coastal pricing. Southshore Falls saves ~$26,600 over 10 years primarily from no CDD and lower HOA. Individual results will vary significantly.

Questions to Ask Before You Buy

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