Wild Dunes Resort Dues and Fees | Regimes & HOA Costs For Isle Of Palms Property

What isn’t there to love about living in a gated resort community? With all the amenities, manicured landscapes, and luxurious setting it’s like living on a constant vacation.  That’s why so many people come to vacation here in South Carolina on the Isle of Palms SC and stay in the Wild Dunes resort.  Upon leaving many of our visitors to the island love it so much they want to buy a property of their own. There are plenty of homes for sale in Wild Dunes with visitors interested but alas, they aren’t familiar with the additional expenses that come along with living in a gated resort community like Wild Dunes. As a local agent familiar with the island and the Wild Dunes resort I have laid out the expenses associated with owning like HOA dues in Wild Dunes, monthly regimes in Wild Dunes, and transfer fees when purchasing in Wild Dunes. Unlike most standard suburban developments resort neighborhoods as you can imagine are the most costly to live in and thus have more expensive monthly regimes and yearly HOA dues associated with the property. If you are just wanting to spend a few weeks a year in Wild Dunes and don’t want to pay all the costs associated with full ownership, fractional a.k.a interval ownership might be a good idea.

• VACATION RENTALS

1. For each sold transaction in Wild Dunes resort, there is a 1/2 of 1% of the purchase price “transfer fee” to Wild Dunes Community Association due at closing. For example: $500,000 sale price = $2500 transfer fee.
2. Yearly HOA dues of $924 for the upkeep of the entire resort. Ground landscaping & maintenance, lighting, cleaning, security gate, management etc.
3. Monthly regimes for each unit. The cost of monthly regime dues is specific to each condo building, or villa development. Some other factors are the size of the unit, age of unit, way it was built, location, and how many units are in that building.  These expenses typically cover some insurance (hazard, wind, & flood), exterior upkeep, landscaping for YOUR building, pool and grounds maintenance for YOUR property(s).
4. Many condo/villa developments also have their own 1/2 of 1% purchase price capital contribution fee due at closing that goes toward the upkeep of their property. Also, it is very common for the condo & villa developments to have an insurance assessment each year, whereby all the owners divvy up the development’s insurance costs.
5. Some of the communities also have transfer fees, beach renourishment assessments, and insurance assessments every year or bi-annually.

Regimes By Building & Property: (some are averages)