The Harbor Island Owners Association is the local governing body, elected by the property owners on the Island, to assess fees in order to care for essential services not covered by
Please note that the HIOA charges a $500.00 Property Transfer Fee to cover administrative costs to the Association. The fee must be collected and remitted to HIOA upon closing. Who pays this fee is up to the buyer and seller to negotiate.
Estimated average utility costs
Water & Sewer $75/month
Cable TV $45/month
Trash Service $35/month
The tax assessors’ office calculates an appraised value for each piece of real estate in
Example: A home appraised at $500,000 for a resident would equate to $2,045.60 property tax. ($500,000 x .04 x .10228)
Note: Primary residents receive a special exemption from property taxes imposed for school operating expenses. This reduces the 4% tax basis by an average of 25% minimum. However, those residents pay an extra 1% state sales tax in lieu of the local school operations tax plus a state income tax of 6% plus personal property taxes.
For more information on property taxes, please go to the Beaufort Tax Assessors’ website:
Estimated insurance costs per $100,000 of structural value: (land value is not included!)
Hazard/Wind and Hail $1,000 to $1,300 per $100,000 of structure value
Flood $225 per $100,000 of structure value
Note: Insurance costs are a hot topic as regards to coastal properties and tend to change considerably from year to year depending on hurricane activity levels, age, size, use (rental vs. personal use), first floor elevation, distance from ocean, etc.
Pelican Point Association $1420/year
(includes landscaping, trash removal, pest control and beach access maintenance.)
Sea Cottages $74.40/quarter
(Includes maintenance of pool and common areas)
Nautical Watch Association $825/year
(Includes common water and electricity, common area landscaping & pool maintenance.)
Harbor Key Association $575/year
(Includes admittance to
Please note that the above fees do not include homeowners, flood or wind & hail insurance!
Regime Fee Yearly Insurance Cost
Cedar Reef Villas: 1 BR $690.12/Qtr. $2,741.85
2 BR $894.24/Qtr. $3,552.82
Includes building maintenance and landscaping, trash removal, pest control and termite bond, common areas electric and water, pool maintenance and Cable TV service.
Beach House Villas: 1 BR $458.58/Mo. $2,014.88
2 BR $561.01/Mo. $2,488.27
Includes landscaping and building maintenance, trash removal, pest control and termite bond, common areas electricity and water, pool maintenance, unit water and sewer and Cable TV service and new roofing assessment.
Note: Contents and personal liability insurance is the responsibility of each unit owner.
Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how we can serve all your real estate needs.