Bannon Lakes Homes for Sale in St. Augustine, FL

As of 2026, Bannon Lakes prices start in the upper $300s for Pulte's smaller single-family plans, with most family homes landing in the $400s and larger or upgraded homes higher. Townhomes sit at the lower end, and the Del Webb 55+ homes and villas run into the high $400s and up. Home sizes span roughly 1,400 to 3,600 square feet, so price per foot matters as much as the headline number.

Because the community is mostly new construction, the base-price-versus-configured-price gap is the thing to watch. The price on the sign is a starting point; lot premiums, structural options chosen before the slab, and design-center selections add up quickly. Decide your true all-in budget before you fall for a model home loaded with upgrades, and know which upgrades hold value versus which you can add later for less than the builder charges.

On incentives, builders compete hard on closing-cost credits and rate buydowns, especially on spec homes nearing completion that they want closed by quarter-end. These are real money and are negotiable, often more valuable than a small price cut, and they are frequently tied to the builder's preferred lender. Compare that lender's offer against an outside lender on the same terms before you accept the incentive. In a community with limited resale, the builder holds most of the cards, which is why independent representation pays for itself.

Bannon Lakes is organized around its builders and its two main lifestyles, family and 55-plus. Here is how the choices break down.

Pulte Homes is the primary builder at Bannon Lakes and has become the main draw for buyers, known for quality construction and smart floor plans designed around how buyers actually live. Pulte's single-family homes here generally start in the upper $300s to low $400s, in sizes from roughly 1,400 to 3,600 square feet, which is what makes Bannon Lakes one of the more accessible new-construction communities in St. Johns County.

Bridge Bay at Bannon Lakes is a Del Webb 55-plus active-adult section within the master plan, offering single-family homes and low-maintenance villas with open floor plans and its own resort-style amenities and activities. As a reference point on costs, the Del Webb section has carried roughly $258 a month HOA for single-family and around $388 for villas, plus a CDD assessment in the range of $2,700 a year, with example pricing in the high $400s. The 55+ section is largely built out, so availability there leans toward resale.

The plan includes about 150 townhomes alongside the single-family homes, giving a lower entry price for first-time buyers or those wanting low-maintenance living. KB Home and other builders have also built in the community over its build-out. Because the builder, section, and home type drive both price and lifestyle here, the right starting point depends on whether you want a family single-family home, a townhome, or the 55-plus Del Webb product, which is exactly the kind of sorting a buyer's agent does up front.

The defining feature of Bannon Lakes is its island amenity center: a roughly 6-acre island set in the lake and reached by bridge, anchored by a 4,000-square-foot clubhouse, a 5,000-square-foot resort-style pool, and a state-of-the-art fitness center, with a children's splash pad, tennis, pickleball and sport courts, a play lawn and playground, two dog parks, and a perimeter walking trail wrapping the island. The island concept is genuinely distinctive and is the thing residents and buyers cite first.

Beyond the island, the community offers miles of scenic trails winding through preserved wetlands and lakes, ideal for walking and biking, and the mature replanted oak canopy along the boulevard gives the streets an established feel. The Del Webb Bridge Bay section adds its own 55-plus amenities for active adults. Together it is a deep amenity package for a community at this price point, which is central to the affordable-quality positioning.

One practical note: in a community still building out, confirm which amenities are complete and open today versus still planned, and get any outstanding items in writing. These amenities are funded through HOA dues and a CDD assessment, which the next section explains.

Everyday shopping and dining are close, anchored by the Publix at the Shoppes at MuraBella, about 3.7 miles away, and the growing retail along the International Golf Parkway and State Road 16 corridors near World Golf Village. The community's own master plan envisions commercial and retail space on site, which would add convenience as it develops.

World Golf Village, directly across I-95, offers dining, golf, and entertainment, and historic downtown St. Augustine, roughly 15 to 20 minutes south, provides a deep restaurant, shopping, and cultural scene on the water. For big-box and regional shopping, the St. Augustine Premium Outlets are nearby and the St. Johns Town Center is a drive north. The pattern is typical of a value-positioned St. Augustine community: daily essentials are close, and the marquee shopping and the historic-city dining are a manageable trip.

First, the builder's on-site sales rep represents the builder, not you. They are friendly and helpful, and their job is the builder's outcome. In a community with limited resale, the builder holds most of the leverage, which makes independent representation more valuable, not less. You can almost always bring your own agent, with negotiable compensation set in a written agreement, but you generally must register that agent on your first visit. Walk in alone and you may forfeit representation on that home. Bring your agent first.

Second, the base price is a starting line. Lot premiums (lakefront and island-view lots carry them), structural options, and design-center selections add up quickly. Decide your configured, all-in budget before you tour a loaded model.

Third, get the CDD assessment and HOA dues in writing for your specific homesite and section, since the family and Del Webb sections differ. This is the line item out-of-state buyers miss, and it changes your monthly cost meaningfully.

Fourth, the builder's preferred lender incentive can be real money or a mediocre rate dressed up as a deal. Always compare it against at least one outside lender on the same terms before accepting.

Fifth, confirm school zoning for the exact homesite with the district, since assignments in the World Golf Village area are subject to rezoning as the county opens schools, and the right school is often the whole reason buyers choose St. Johns.

St. Johns County flooding concentrates near the Intracoastal, the coast, and the creeks and marshes, while many inland communities sit in lower-risk zones.

The reliable move is to pull the FEMA flood designation for the exact Bannon Lakes address before you write an offer, since two homes in the same area can fall in different zones. A home in Zone X can cost far less to insure than one near water in Zone AE. Get a bindable flood and homeowners quote during your inspection period, not after.

St. Johns County is well served by AT&T (fiber in most newer communities) and Xfinity (Comcast), though fiber availability still varies by street. Bannon Lakes is served by a fiber network, but confirm the provider and plan at the specific address.

St. Johns County total millage varies by district, and CDD assessments are common in the master-planned communities, which adds to the all-in cost on top of the millage. The Florida homestead exemption for 2026 is 51,411 dollars for those who qualify, with a March 1 filing deadline.

The trap to plan for is the post-sale reset: when you buy, the Save Our Homes cap from the previous owner ends and the assessed value resets to the new just value, so your second-year tax bill is often higher than the seller current one. Bannon Lakes is a master-planned community, so confirm the CDD assessment in addition to the HOA, since it adds to the annual cost.

The honest way to place Bannon Lakes is against the other St. Augustine-area communities a buyer is realistically weighing. Each trades something different.

Bannon Lakes's case against this field is affordability plus amenities: an accessible price point into top St. Johns schools, a genuinely distinctive island amenity center, and both family and 55+ options, all near I-95. The case against it is the St. Augustine-leaning location for Jacksonville commuters and a CDD on top of HOA dues, where some competitors offer more scale or, in SilverLeaf's case, sections without a CDD.

Bannon Lakes fits buyers who want top-rated St. Johns County schools, who value an island amenity center and a lake setting, commuters who want immediate I-95 access at Exit 323, and active-adult buyers considering the Del Webb Bridge Bay section.

Look elsewhere if you want no CDD and the lowest carrying cost, a historic or no-HOA neighborhood, or a large private lot. Budget HOA dues plus the separate CDD assessment together.