Isle of Palms - Wild Dune Resort

[Sam M.]

Any thoughts on whether buying in the Wild Dune Resorts, on the Isle of Palm is a good idea. Something I had not encountered before was "regime fee" (maybe a SC thing). But in addition to the HOA, there is a regime fee, which on the Isle of Palm is really high (about $1500/month). This regime fee is dependent on the unit and building you buy as it varies across the entire property. So the qs. are:

1. How is the STR market here? Is it summer months or year long?

2. Do these regime fees go up yearly and is there any estimate on what what %age it goes up?

3. Any gotchas or things to watch out for when buying here?

Thanks!