Northwater at Two Rivers by D.R. Horton – New Construction Homes in Zephyrhills, FL
Price Range
$341K to $400K
Square Footage
1,560 to 2,371 sq ft
Est. Monthly Fees
$193/mo
Northwater at Two Rivers is a D.R. Horton Signature Series village in Two Rivers North, Zephyrhills, Florida — 3- and 4-bedroom single-family homes with 2-car garages, built around the village's own clubhouse, pool, picnic areas, fire pits, and trails. A K-8 school is planned adjacent to the village, expected to open in 2027–2028.
Quick answer
Northwater at Two Rivers is a new construction community in Zephyrhills, FL, with homes priced $341K to $400K, HOA $140/yr, CDD/MUD $2,174/yr, flood Zone X (low risk).
- Price range
- $341K to $400K
- Home sizes
- 1,560 to 2,371 sq ft
- HOA
- $140/yr
- CDD / MUD
- $2,174/yr
- Flood zone
- Zone X (low risk)
- Builders
- D.R. Horton
Listing updated . Confirm fees and availability with the builder or community before buying.
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True Monthly Cost
True monthly cost. Verified amounts are marked; anything unconfirmed is flagged.
HOA Fee
$140
annually
Last verified November 5, 2026
CDD / Stewardship
$2,174
Annually
Last verified November 5, 2026
Est. Monthly Total
$193
$12 HOA + $181 CDD per month
* Fees shown are the latest amounts supplied for this listing, not a final quote. Confirm the current HOA, district assessments and billing periods with the community before buying.
Learn more: CDD, MUD & PID fees explained · CDD vs HOA · No-CDD communities in Tampa Bay · Lot premiums
🏖️ Coastal & Vacation Details
Short-Term Rental Policy
No Rentals Allowed
Flood Zone
Zone X - Low Risk
Last verified November 5, 2026
No lender flood insurance requirement
Look up any address →Flood zone X communities in Tampa Bay →Water Access
🏖️ Beach: bout 33 miles to Green Key Beach, New Port Richey (straight-line; driving longer). Clearwater Beach about 40 miles.
🚤 Boat Ramp: About 33 miles to Anclote River Park, Holiday.
⚓ Marina: About 33 miles to Anclote Harbours Marina, Holiday.
Primary Use Case
Full-Time Living
Transportation
🏌️ Golf Cart Friendly Community
Exterior Materials
The Vibe
Northwater is a village within Two Rivers designed around its own clubhouse and pool, with playgrounds, picnic areas and trails close to home. Builders offer 3- and 4-bedroom single-family homes with 2-car garages and a range of sizes, lot options, and finishes.
Construction Update
Active Selling
Pros & Cons
An honest look at this neighborhood
Pros
- Dedicated village amenities
- Planned K–8 school nearby
- Access to the broader Two Rivers community
- Convenient access to SR-56 and I-75
- Affordable price point — a low HOA
Cons
- •The community is still developing Construction activity will continue
- •Traffic on 301 can be difficult for commuting
Things to Consider
Important factors to be aware of before making a decision
- High Traffic / Commute Delays
- Ongoing Construction Noise
- Strict HOA Rules
- Limited Public Transit
More Photos
Community Amenities
- Clubhouse
- Gathering room
- Pool patio
- Community pool
- Picnic areas
- Fire pits
- Trails
- Common green space
- Bike parking
Frequently Asked Questions
What are the schools zoned for this neighborhood?
Chester Taylor Elementary School. Two River Schools are Planned
What makes Northwater different from the other Two Rivers villages?
The neighborhood has its own identity. You're not simply buying into a massive development and hoping a neighborhood eventually forms around you. Northwater has its own clubhouse, pool, playground and outdoor spaces, while still being connected to everything Two Rivers is building around it.
Who Northwater May Be Best For
Growing families The 3- and 4-bedroom floor plans and neighborhood amenities make Northwater a natural fit for families looking for more space. Buyers who want amenities without a resort-community price point The village has its own pool, clubhouse and outdoor gathering spaces. New-construction buyers who want a larger master-planned setting Northwater gives buyers the advantages of a smaller village while still being part of the larger Two Rivers community. Buyers comfortable being early in a community's growth If you like the idea of watching a community develop around you, Northwater may be a good fit.
The Vicinity Take?
Northwater isn't simply a collection of new homes. It's a village inside one of Zephyrhills' largest master-planned developments. For buyers, that means the decision isn't just Which floor plan do I like? It's: How do I want to live—and does Northwater fit that lifestyle? That's the question worth answering before comparing builders, incentives or countertops.
Is Northwater a separate community from Two Rivers?
No. Northwater is one of the individual villages within the larger Two Rivers master-planned community. That's why you'll see some amenities that are specific to Northwater and others that belong to the larger Two Rivers development.
Does Northwater have its own pool and clubhouse?
Yes. Northwater has its own amenity center with a clubhouse, pool, playground and outdoor gathering areas. The village also connects to the larger Two Rivers trail network.
Will the future K–8 school be considered a Northwater neighborhood school?
That's the plan, but don't assume the final attendance boundary until Pasco County confirms it. The school is planned next to Northwater, which is a significant potential benefit, but future school assignments should be verified before purchasing.
What is HOA and CDD at Northwater?
Current published information has shown Northwater HOA fees around $90 per month, although you should verify the current assessment for the specific home you're considering. That's not an especially alarming number for a new-home community. The CDD is another matter. Northwater is within the Two Rivers North Community Development District, and current published property information has shown annual CDD assessments in roughly the $1,700–$2,200 range depending on the property and assessment year. That's roughly another $145–$185 a month when you divide it across the year. So if you're comparing Northwater with another community because the HOA looks reasonable, stop there for a minute.
Who provides internet/cable?
Ultra Fi
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