Ask what Latitude Margaritaville Daytona Beach's monthly cost is and you'll hear "$300 to $450 HOA." That number is real, but it's not the full carrying cost — the community's Community Development District assessment, often comparable in size to the HOA itself, doesn't appear in the HOA fee at all. It shows up as a separate line item on the property tax bill, which means anyone comparing this community to another by HOA fee alone is comparing an incomplete number to a complete one.
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Talk to a Specialist →A Community Development District is a local government unit that issued bonds to build the community's roads, utilities, and amenity infrastructure. Homeowners repay that bond through an assessment collected on the annual property tax notice — legally distinct from the HOA, administered by a different entity, and easy to miss if you only ask the sales center "what's the HOA fee" and stop there.
A buyer comparing Latitude Margaritaville's $300-450/month HOA against Cresswind at Victoria Gardens or Plantation Bay's HOA fee, without pulling the actual tax bill for each, is comparing apples to a number that's missing a piece. If Latitude Margaritaville's total carrying cost — HOA plus CDD plus base property tax — actually runs higher than a community with a nominally larger HOA fee but no CDD, the HOA-only comparison gets the ranking backward.
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| What to request before touring | Why |
|---|---|
| Most recent property tax bill (not just HOA disclosure) | Shows the actual CDD line item and its dollar amount |
| CDD bond payoff balance and maturity date | Some CDD assessments can be prepaid in a lump sum, others cannot — ask directly |
| Whether the CDD assessment is fixed or can increase | Bond-funded CDDs typically have a defined schedule; ongoing operating CDDs can vary by budget year |
None of this makes Latitude Margaritaville a bad value — its amenity package was built and paid for specifically through this financing structure, and CDD-funded communities are common throughout Florida, not unique to this one. The point is simply that the number the sales center leads with isn't the number you'll actually pay, and the gap lives on a different document than the one most buyers ask for first.
The honest way to shop this market: request the actual property tax bill — not just the HOA disclosure — for any CDD-funded community before comparing its cost to a community without one, and confirm the CDD's remaining balance and terms directly rather than assuming it's a fixed, minor add-on.
Connect with a specialist who knows this market from the inside — real cost math, honest community comparisons, and what's actually happening right now. Every agent is personally vetted by the Nova55Living founder.
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