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Heritage Isle Condo — $250K
HOA: ~$310/mo (includes exterior)
CDD: $630/yr → $53/mo
Property Tax: ~$2,100/yr → $175/mo
Insurance (HO-6): ~$1,100/yr → $92/mo
Non-Ad Valorem: ~$500/yr → $42/mo
Heritage Isle SF — $400K
HOA: ~$300/mo
CDD: $1,309/yr → $109/mo
Property Tax: ~$3,300/yr → $275/mo
Insurance (HO-3): ~$2,800/yr → $233/mo
Non-Ad Valorem: ~$500/yr → $42/mo
The condo buyer gets the same Heritage Isle Club membership, the same fitness center, the same pickleball courts, the same social calendar. What differs is the home (ground-floor garden apartment versus standalone house), the CDD ($630 versus $1,309 — the condo is less than half), the insurance (HO-6 condo policy versus HO-3 — dramatically different), and the property tax driven by assessed value.
The condo HOA runs slightly higher because it covers exterior maintenance — roof, paint, landscaping. The single-family HOA does not. But the total cost still favors the condo by nearly $290/month because the CDD, tax, and insurance savings dwarf the HOA difference.
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The Condo Trade-Offs
- No private yard. Heritage Isle condos are courtyard-style with shared green space. If grilling on your own patio or gardening in your own beds is non-negotiable, the condo does not deliver it.
- Appreciation runs differently. Condos in 55+ communities appreciate at roughly 60–80% the rate of single-family in the same community. A $250K condo at 2%/year reaches $372K in twenty years. A $400K single-family at 3%/year reaches $723K. The wealth-building trajectory favors single-family — but only if you sell.
- Shared walls mean shared sound. Heritage Isle construction is decent — but not soundproof. Morning routines, televisions, phone calls. For buyers coming from detached suburban homes, this is an adjustment.
The Senior Exemption Amplifier
Buyers 65+ with household income under approximately $37,000 qualify for an additional $50,000 exemption. On the $250K condo, this exemption represents a larger percentage of the assessed value — reducing property taxes to roughly $1,500/year. That drops total carrying cost to approximately $622/month. A gated 55+ community with a 21,000-square-foot clubhouse for $622/month. That number exists at Heritage Isle — if you know to look for it.
Heritage Isle Community Page | Heritage Isle vs Del Webb
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