Yes, Reunion has the most expensive CDD in Osceola County. If the listing you have specifically says no rather than blank, then who is ever listing it is not at all familiar with Reunion. The original developer pulled a fast one on buyers here with that one. It will take decades to pay off the bond portion of the CDD and the maintenance portion will last forever. It is trully hard to believe that these once sold for up to $500,000 each. That said, they are nice units and prices under $100,000 are very attractive for Reunion. Just keep in mind that the HOA plus CDD is a fixed cost of over $500 a month and that will not be going down. If you can live with that, then by all means go for it.
I'd be happy to help you acquire one and show you alternatives in the area, if you are interested.
Good luck,
Mark LeMenager
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You can look up the address on the tax collector's website to discover the exact amount of the annual CDD payment, go here to the property appraiser's office first to find the owner name or parcel number to search the tax collector website:
http://www.ocpafl.org
then pull up the property by property id or owner name and then click on the Non-Advalorem taxes to find the Community Development District Tax (CDD):
http://www.octaxcol.com/PropertyTaxSearch/
You can actually contact the management firm for the CDD as listed on tax collectors site and they will give you complete details and even a payoff figure if you want to pay off the CDD municipal bond portion early. They can also tell you the maturity date of the bond and the interest rate so you will know how long the property will be encumbered with the extra "bond portion" of the CDD Tax.
Hope this helps.
Alma
