There are many wonderful beach resort communities here in South Carolina such as Kiawah, Seabrook, Folly Beach, Sullivan’s Island, but the Isle of Palms SC has to be one of the best. Just located a few miles outside the historic area of Charleston, SC the Isle of Palms holds a little resort “gem” called Wild Dunes. Gated, but not private the Wild Dunes resort is open to the public for golf, tennis, and dining. Isle of Palms is just on the other side of Mount Pleasant in Charleston county across the isle of palms connector. Mount Pleasant is one of the Charleston area’s most popular suburban communities. Real estate in Mount Pleasant SC is what you would expect to find in most “standard” suburban areas around the country.
However, you must be aware of what it takes to buy in a gated resort. Unlike purchasing a home in a “normal” area, owning in a resort comes with some extra costs you might not be used to. Resorts have more costs like regimes, HOAs, Dues, and at Wild Dunes in SC There is a ONE TIME transfer fee of 1/2 of 1% of the purchase price. So if you purchase a $500,000 home that means you’ll pay $2500 transfer fee to the Wild Dunes Association. This helps pay to keep up the area (in addition to your monthly regime payments), and HOA dues. Which ALSO go to help keep up the maintenance of the building (if SFA), grounds, amenities, insurance, clean up, etc.
The HOA monthly payments (aka regime fees) usually range from $400 a month to well over $1200 depending on the building and area. Some of the condo developments ALSO have half of 1% capital contribution fee due at closing. Regime dues can be monthly or quarterly. The good news is that these payments also cover your insurances on your unit for the wind coverage, flood, and hazard (especially when pertaining to condo/villa). Not SFD. These fees do not give you free golf in the resort, however, most times ownership in a resort does get you some privileges and discounts for use of golf, and tennis amenities.
Regimes By Building & Property: $924 HOA payment each year as well.
Port o Call – $409 per month
Pelican Bay – $225 monthly
Ocean Club – $850 monthly
Ocean Pt – $285 monthly
Mariners Walk – $483 monthly
Linkside Ct – $625 monthly
Lagoon Villas – $365 monthly
Commons Ct – $260 Quarterly
Fairway Dunes – $535 monthly
Grand Pavilion – $258 quarterly
Racquet Club – $500 monthly
Summerhouse – $855 monthly
The Village at Wild Dunes – $1400 monthly
Shipwatch Villas – $525 monthly
Tidewater – $600 monthly
Twin Oaks – $177 Quarterly
Beach Club Villas – $475 monthly
Sea Oats – $325 monthly
Every year people come to The Isle of Palms, to vacation in and buy Wild Dunes real estate and enjoy the lifestyle of living or owning a home in the Wild Dunes resort. Featuring two stellar golf courses, and tennis courts, elegant landscapes, beach access, swimming pools all over, Wild Dunes offers a vacation lifestyle anyone could love. From an investment standpoint having a vacation rental on the island isn’t a bad choice either. Many of the homes on the Isle of Palms rent for $5000+ a week, and beachfront condos can easily gross $40,000 – $80,000 a year.
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