The new homes in 4S are definitely looking at property tax + MR of 1.9%. Translating to essentially $7000 per year in MR. HOA around $90/month. So monthly extras of $670/month.
The average MR for the smaller homes in the Lakes are $5600 per year. When the homes were going for $900k, the MR rate was 1.6%. Now that the homes are more like $800k, the MR rate is now more like 1.7%. At $360 per month HOA, the monthly extras work out to be $830/month.
4S homes are bigger in sqft, but on smaller lots, translating into a “reach out and touch your neighbor” experience. The Lakes homes are smaller but the lots are bigger.
My personal favorite remains the Santa Fe Valley gated homes in between 4S and the Lakes. not a lot of resales. but if you can get one for close to $1-1.1 million, that would be a great deal. Monthly extras (MR + HOA) work out to $514. If you add in the cost of landscape and interior upgrades of a new home in the Lakes, it pretty much work out to be the same cost.
