Wild Dunes Resort is one of the oldest and beloved golf resorts if not only the South Carolina but the entire eastern United States. This beachfront gated golf community of Charleston began development in the end of the 1970s, and still is being built and developed today. Although very little as most of the available land has been accounted for already. Real estate consists of multiple different property types: beachfront homes, quaint cottages, oceanfront condos & villas, golf course view villas, traditional style midrise condominiums, boat slips, deep water intra-coastal houses with docks and more.
The gated golf resort although private and with two security gates is a public resort, and anyone can come onto the resort to play golf at one of the two courses, meet friends to play tennis, or eat at one of the many dining establishments on the resort grounds. In general most people can’t just come hang out on the beaches, or come an hang at one of the swimming pools of the condo developments without a guest to call in a day pass. Membership to the Wild Dunes resort club is optional.
MLS Listings Data
Number of MLS Listings 1 - 9 of 163
ocean club penthouse right on the ocean recently renovated. one of the premier complexes in the southeast ocean club. a gated community within a gated community. see the ocean from the minute you...
welcome home to this beautiful 4 bedroom, 2.5 bath home located in the quiet subdivision of castlebrook. this home is only a year old!!! upon entering, the open concept floor plan features a large...
sunday-sunday...enjoy 4 weeks a year in an ocean front setting. one fees covers it all, insurance,regime, hoa, plus clean up when you leave. just pack your bag and come. shipwatch has one of the best...
stunning views from this totally remodeled rare 4 bedroom condo in summerhouse! own 4 weeks a year! renovations included: caribbean pine hardwood flooring, new carpet in bedrooms, granite countertops...
possible short sale! !!! annual income $50k +furnished end unit with great rental history. there is a wrap around private balcony that has views of the pond and courtyard. this condo is sold turn...
located within the gated community of wild dunes, this well-appointed condo is the perfect personal getaway or vacation rental. it has a great rental history & can be rented as a 2 bedroom condo, a 1...
welcome to 417/418- c shipwatch villa! this property is a one-of-a-kind, five bedroom, six bath oceanfront penthouse, located in the world class resort of wild dunes on isle of palms, sc.this...
great opportunity to become part of the ocean club community. this 3 bedroom 3 bath condominium is on the second floor overlooking the ocean club pool. this condominium could be used as a permanent...
Search By Development & Section (Monthly Regime Fees)
Wild Dunes resort has a yearly $750 POA fee. At closing the buyer is required to pay a one time 1/2 of 1% of the purchase price to the Wild Dunes capital contribution account which pays for the upkeep of the amenities, the gates, the grounds, lighting, related staff etc. Some developments also have their own one time at closing .5 of 1% of the purchase price in addition to the resort’s. For the same reason. For example many of the large condominium projects have their own swimming pool, staff, storage, utilities etc. Usually the monthly regime fee for condos/villas will also cover the development’s hazard, wind, flood, & liability insurances, but that is not always the case. Some of these condominium communities have a yearly insurance assessment whereby all the owners will split the cost of the insurance based on a formula of # units & sq ft of your unit.
As many of you know, most of if not all of the properties here on Isle of Palms and in Wild Dunes are individually owned by people who sometimes live in full time (fairly small percentage), own for second home (rent & don’t rent), own strictly for investment purposes. There are quite a few expenses one must consider before making a purchase for investment purposes only. Consult your financial adviser professional (this is not to be taken as fact and/or professional investment advise). Considering the costs above. Please keep in mind rental income can fluctuate depending on many factors: interior finishes (i.e how nice the unit is), views (i.e full ocean view), how many persons your unit sleeps (is there pull out sofa, two queen beds vs one king bed etc).
SUMMARY BREAK DOWN EXAMPLE
Let’s use Shipwatch Condos for example:
This 3 bedroom unit can usually expect (with minimal owner usage) gross an average of $50,000 a year in normalized economic market conditions. Subtract the below:
- Interior HO-6 insurance policy $800 yr
- $525 Month regime fee = $6300
- Prop Management Fees = (avg) 30% = $15,000 (or 40% depending on mgmt)
- Shipwatch Insurances (hazard, wind, flood) = $2800 yr
- Power Bills = $1500+/-
- House Keeping = $150 per time
- Miscellaneous costs?
NET = ____________________________
HISTORICAL SALES DATA