Single Family Residence
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Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
Single Family Residence
SEVEN SHORES is located within a Community Development District (CDD). A CDD is essentially a tax-free municipal bond that the homeowners pay off over time. The bond is structured to pay for the infrastructure and/or maintenance of the community.
The CDD annual debt service is listed as a non-ad valorem tax on the homeowner's annual tax bill, which makes the total tax bill higher. Many master-planned communities in Southwest Florida have a CDD.
One reason for a CDD is to help keep initial new-home prices lower because certain infrastructure costs are not bundled into the new-home purchase price.
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