Breaking Down the Expenses of Owning a Home on Ono Island

Imagine waking up to the serene sounds of the Gulf Coast, with the sun glistening off the waters surrounding Ono Island in Orange Beach, Alabama. Owning a home in this exclusive enclave is a dream for many, but it comes with a range of expenses that must be carefully considered. From city utilities to HOA fees, every aspect of homeownership on Ono Island has its own financial implications. In this article, we will break down the expenses associated with owning a home on this picturesque island, providing you with a comprehensive understanding of what to expect. Let's delve into the costs of city utilities, HOA fees, amenities and services, as well as capital assessments and transfer fees, so you can make informed financial decisions when it comes to owning a piece of paradise on Ono Island.

Ono Island Home Expenses


City Utilities

One of the key expenses to consider when owning a home on Ono Island is the cost of city utilities. This includes water, sewage, electricity, and garbage disposal. These essential services ensure that your home is comfortable and functional year-round. Moving on to another significant aspect of homeownership on Ono Island, let's explore the financial implications of HOA fees.

HOA Fees

Another financial consideration for homeowners on Ono Island is the payment of Homeowners Association (HOA) fees. These fees are typically charged on a monthly or yearly basis and cover the costs of maintaining the common areas and amenities within the community. This can include upkeep of landscaping, security services, and community events. Understanding the amount and frequency of HOA fees is essential for budgeting and planning your overall homeownership expenses.

Amenities and Services on Ono Island enhance the overall living experience for residents.

Amenities and Services on Ono Island enhance the overall living experience for residents. These offerings may include access to the community pool, tennis courts, and fitness center. It's important to factor in these amenities and services when considering the total cost of owning a home on Ono Island. Understanding the full scope of what is included can help you make an informed decision about whether the benefits align with your lifestyle and budget.  

Ono Island Expenses HOA and Transfer Fees


Capital Assessment and Transfer Fee

Moving forward, it's also crucial to take into account the Capital Assessment and Transfer Fee associated with purchasing a property on the island. These fees are typically used for ongoing maintenance and improvements to the community as a whole. The Capital Assessment fee and $8,000 Transfer Fee are payments made by the buyer to contribute to the reserve fund for future projects and expenses, such as road repairs, landscaping upgrades, or community facility renovations. Understanding and budgeting for these fees can prevent any unexpected financial burdens down the road. By factoring in the Capital Assessment and Transfer Fee, you can make a more informed decision about the true cost of owning a home on Ono Island, ensuring that you are prepared for all aspects of homeownership in this unique and desirable community.

Understanding the true cost of owning a home on Ono Island is crucial for making informed financial decisions. From city utilities to HOA fees and everything in between, it's essential to be prepared for the financial responsibilities that come with homeownership in this beautiful area. Remember to thoroughly assess all expenses and plan accordingly to ensure a smooth and stress-free experience. As you navigate the world of homeownership on Ono Island, keep in mind that knowledge is power when it comes to managing your finances effectively. Prepare, plan, and prosper in your new island oasis.

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29879 St John Drive, Orange Beach

$4,200,000

29879 St John Drive, Orange Beach

5 Beds 6 Baths 6,709 SqFt Residential MLS® # 354671

Bellator Real Estate & Dev - Ono Branch PHONE: 251-979-6600

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28452 Ono Boulevard, Orange Beach

$2,999,000

↓ $101,000

28452 Ono Boulevard, Orange Beach

5 Beds 5 Baths 6,462 SqFt Residential MLS® # 350032

Bellator Real Estate & Dev - Ono Branch PHONE: 228-235-4381

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32754 River Road, Orange Beach

$2,850,000

32754 River Road, Orange Beach

4 Beds 4 Baths 4,501 SqFt Residential MLS® # 357990

Bellator Real Estate & Dev Orange Beach PHONE: 251-223-6463

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30443 Ono North Loop West, Orange Beach

$1,950,000

↓ $49,000

30443 Ono North Loop West, Orange Beach

5 Beds 4 Baths 3,937 SqFt Residential MLS® # 354175

Bellator Real Estate & Dev Orange Beach PHONE: 251-609-2969

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30874 River Road, Orange Beach

$1,475,000

30874 River Road, Orange Beach

3 Beds 4 Baths 2,392 SqFt Residential MLS® # 360678

Kaiser Sotheby's Int-GS PHONE: 251-752-7345

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30659 Harbour Drive, Orange Beach

$1,325,000

30659 Harbour Drive, Orange Beach

5 Beds 4 Baths 3,934 SqFt Residential MLS® # 350233

Bellator Real Estate & Dev - Ono Branch PHONE: 251-979-6600

31292 River Road, Orange Beach

$5,300,000

31292 River Road, Orange Beach

6 Beds 7 Baths 4,718 SqFt Residential MLS® # 360051

Signature Properties

33202 River Road, Orange Beach

$4,800,000

33202 River Road, Orange Beach

4 Beds 5 Baths 4,943 SqFt Residential MLS® # 351716

RE/MAX Paradise

29879 St John Drive, Orange Beach

$4,200,000

29879 St John Drive, Orange Beach

5 Beds 6 Baths 6,709 SqFt Residential MLS® # 354671

Bellator Real Estate & Dev - Ono Branch PHONE: 251-979-6600

31668 River Road, Orange Beach

$3,350,000

31668 River Road, Orange Beach

5 Beds 5 Baths 3,648 SqFt Residential MLS® # 359883

Brett R/E Robinson Dev OB Main: 251-981-6180

5275 Turtle Key Drive, Orange Beach

$3,200,000

5275 Turtle Key Drive, Orange Beach

6 Beds 4 Baths 3,841 SqFt Residential MLS® # 358512

EXP Realty Seaside PHONE: 251-279-0099

30431 Ono Boulevard, Orange Beach

$3,175,000

↓ $25,000

30431 Ono Boulevard, Orange Beach

5 Beds 5 Baths 3,490 SqFt Residential MLS® # 348240

Advantage Properties PHONE: 256-952-2391


Ono Island Home Expenses

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