Wild Dunes Resort Dues & Property Ownership Costs & Fees

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.

 

 

Seabrook Island Fees/DuesOwnership Dues Kiawah Island Fees/DuesOwnership Dues

 

  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, the age of the unit, the way it was built, the location, and how many units are in that building.  These expenses typically cover some insurance (hazard, wind, & flood), exterior upkeep, landscaping for YOUR building, and 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.

 

Club Membership Info

 


Regimes By Building & Property: (some are averages)

Ocean Club Villas

$650 Month

Commons Court

$230 Quarter

Beach Club Villa

$450 Month

Sea Oats

$325 Month

Lagoon Villas

$335 Month

Morgan Place

$380 Quarter

Shipwatch Villas

$525 Month

Fairway Dunes Villas

$465 Month

Waterway Island

$140 Month

Yacht Harbor

$350 Month

Mariners Walk

$375 Month

Ocean Point

$220 Month

Pelican Bay

$200 Month

Twin Oaks

$125 Quarter

Racquet Club Villas

$400 Month

Linkside Villas

$375 Month

Summer House

$525 Month

Tidewater

$600 Month

Links Clubhouse Villas

$530 Month

Port O Call

$375 Month

Oceanside

$400 Month

Marsh Island The Residences at Sweetgrass

$1400 Month

Grand Pavilion

$225 Month


MLS Listings Data

Total Listings: 60
Average Price: $1,606,530
Highest Listing Price: $6,995,000
Average Days On Market: 60