Fabulous Lake to Golf view lot in Palencia's premier estate location. Gate from your property directly to golf course and club house. Palencia's new fitness center just opened in April 2011. The new State of the Art grade school, right on Palencia's, grounds opened Aug 2012. Special Price incentive for the purchase of both lots by Oct. 7, 2012. Palencia CDD Fee Structure and Explanation The Palencia CDD fees for each home are comprised of two components, a capital assessment and an operating assessment. The capital assessment was fixed at the time of lot development and will remain constant until the bonds are paid off in the year 2032. The portion of the CDD fee is tax deductable. This portion of the CDD fee may also be paid off up front at a greatly discounted rate, since the total rate includes interest over the life of the bond. The Operating portion of the Assessment for homes vary by location. For example homes behind the guard houses are $1536 annually. The following are the services the CDD provides for the $1536 annual fee (which is really an HOA fee, as Palencia does not have traditional HOA fees) This portion of the CDD fee is not tax deductable and is subject to increase the same as an HOA would be. 1) 10 Har-tru tennis courts with lights and a full time staff or 3 professionals 2) Staffed State of t

SUPER LOT VERY CONVENIENT TO CLUB FACILITIES AND BEAUTIFUL VIEW. ADJACENT LOT# 5 ALSO AVAILABLE FOR $299,000 SEE MLS #576867