XANADU VILLAS FAQs

XANADU REGIME FEE, POA FEE, OWNER RULES & REGULATIONS

Forest Beach Real Estate | Hilton Head Island, SC

Q: Is There a Property Owners Association/POA Fee for Xanadu Villas?
A: No, the Xanadu Villas do not currently have an annual POA Fee. It is located in South Forest Beach.

Q: Is there a Condo Association/Regime Fee for Xanadu Villas?
A: Yes, Xanadu Villas Condo Association/Regime Fee is currently between $279 and $625 per month. This monthly fee is based on the square footage of the unit as a percentage of the overall ownership in the complex.

For a summary of all Forest Beach Villas Regime fees, click here.

Q: What Costs are Covered by the Condo Association/Regime Fee?
A: The Condo Association/Regime Fee is a combined charge for various services that are necessary for the proper functioning of the Xanadu complex. These services include maintenance, insurance, and overall management of the complex.

Read More About Home Owner Insurance

The building umbrella policy coverage, as we understand it, will build back the facility to its original specifications so long as they meet current code requirements. Once the building is built, the owner will be given a pre-determined amount to go into your space and fill it in with cabinets, flooring, appliances, bathrooms etc. This amount is likely far less than what the actual cost will be (because they will use the original spec of construction meaning possibly pricing for older style products such as laminate countertops, carpet flooring and pre fab showers for example.
The owner should carry an HO6 policy to cover this gap should there be a loss.

Q: What are the capital reserves used for at the Xanadu Villas complex?
A: Every month, a portion of the fee you pay is set aside in a capital reserve fund. This fund is invested in secure accounts, with the intention of growing over time. The goal is to minimize the actual cost of ownership by using the funds to cover large capital projects, such as re-roofing, pavement for parking lots, building painting, and pool resurfacing, among others.

Read More About Capital Reserves

Taking a proactive approach with these measures is intended to save money for the ownership in the long run. The funds are set up to help the board avoid having to levy special assessments. However, these assessments may still be necessary at times to pay for certain projects. Most complexes of this kind follow a 30-year capital project plan that is reviewed every 5 years to assess the future needs of the complex. These evaluations form the basis for the capital assessment portion of the monthly condo/regime fee.

Q: Is there an ownership transfer fee for the Xanadu Villas to be paid to the Regime?
A: No, Xanadu Villas does not have a transfer fee payable to the Regime.

Q: Is there an ownership transfer fee for Hilton Head Island properties?
A:Yes, Hilton Head Island has a one-time transfer fee of 0.25% levied on every property sale on the island.

Hilton Head Transfer Fee Details

Around 30 years ago, Hilton Head Island established a land buying and parks reserve fund, which is financed by a transfer fee charged on every property sale that takes place on the island. This initiative has been very effective in acquiring properties that would have otherwise been developed, which could have led to increased traffic and congestion on the island. A significant portion of the land purchased has been designated as nature preserves, while the rest has been converted into the wonderful parks that we enjoy on the island today. For more information on this, please visit: Hilton Head Island Real Estate Transfer Fee

Q: Where can I find the documents containing specific rules and regulations for a Xanadu Villas owner?

A: You can access the links* below to find these documents.

Click for Links to Rules and Regulations