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Harbor Island Expenses

Harbor Island Expenses

Every buyer wants to know “what is this going to cost me?”  Harbor Island Expenses vary from each unit and building.  Below is a breakdown of Harbor Islands villa costs and Harbor Island Property Owner’s Association fees.  Keep in mind average utilities run about the same as Fripp Island Expenses.

 

Note: Regime Fees are calculated by the managing bodies and are calculated on the square footage. The figures below are approximate as well as based on 2018 budget.  Fees and information are subject to change without notice.

 

 

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Regime Fees

Cedar Reef Villas: A,B,C,D,E,F and K buildings 

One Bedroom Fees are approximately $700/qtr in addition insurance runs approx $2100 annually.

Two Bedroom Fees are approximately $900/qtr in addition insurance runs approx $2600 annually.

Included in the fees are maintenance and repairs to buildings and common areas, garbage removal, pest control, common electricity, management service, common water, pool, termite bond, and cable service. Please note: Pets not allowed in these buildings.

 

Beach House and Ocean Villas: L & M Buildings.

L-Building  Unit Fees are approximate $360/month in addition One Bedroom Unit insurance runs about $1840 annually and   Two Bedroom Unit insurance runs about $2300 annually

M-Building Unit Fees are approximately $440-$462/month      One Bedroom Unit insurance runs about $1840 annually and   Two Bedroom Unit insurance runs about $2300 annually

Maintenance and repairs to buildings and common areas, garbage removal, pest control, common electricity, management service, water and sewer per each unit, pool, termite bond, legal fees, elevator, accounting, and cable service.

 

Harbor Key Property Owner Fees are $575/annually (plus $1315 HIOA)
Manintenance of roads and common areas, security, management of Beach & Racquet Club.

This must be paid to the Regime Manager.  It is recommended that each villa owner purchase a separate policy entitled HO6 which can be attached to a permanent home policy to provide coverage for contents and personal liability.