Every buyer wants to know “what is this going to cost me?” The Harbor Island Expenses and Regime Fees are below:
Harbor Island Owner Association – $1446/year (lot, condo, home)
Every property owner on Harbor Island becomes a part of the Harbor Island Owner Association (HIOA). This association collects money to maintain the island’s common areas, beach access walkways, security operations, the Harbor Island Beach & Racquet Club, and the HIOA staff and building. This annual fee amount changes as well as assessments can be added to it. https://www.harborislandoa.com
Subdivision Associations – (Subject to change without notification)
Harbor Key Property Association – $575/annually (plus $1445 HIOA)
Maintenance of roads and common areas, security operations, management of HI Beach & Racquet Club.
Nautical Watch Association – $825/annually – Trash removal, common water and electric, common area landscaping, beach access maintenance.
Pelican Point Association –$1650/annually $437.50/Qtr-Trash removal, common area landscaping, pest control, and beach access maintenance.
Sea Cottages – $375/annually and include the use of both Beach House and Ocean Villa pools.
This must be paid to the Regime Manager. The above fees do not include hazard insurance. It is recommended that each villa owner purchase a separate policy entitled HO6 (approximately $800-$1000) which can be attached to a permanent home policy to provide coverage for contents and personal liability.
Property Transfer Fee – $500
This fee is collected at closing and is an administrative cost, and it can be paid by either buyer or seller.
Cedar Reef Villas: A,B,C,D,E,F and K buildings
One Bedroom – approximately $750/qtr in addition insurance runs approx $2200 annually.
Two Bedroom – approximately $970/qtr in addition insurance runs approx $2900 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 – approximate $405/month. One Bedroom Unit insurance runs about $1820 annually and
M-Building – approximately $500/month. 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 Island Expenses vary from each unit and building. 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 2019 budget. Fees and information are subject to change without notice.