Current research on gust (GF) and peak (g) factors has mainly focused on landfalling typhoons, whereas studies related to offshore typhoons are relatively rare. They are critical in island architectural design. However, the underlying surfaces of islands have distinct characteristics compared to inland areas. Therefore, conclusions drawn from previous studies on coastal areas are less applicable to islands in open seas. This study explored the characteristics of GF and g in an island region based on tower observation data from an island in the South China Sea. The results indicate that: (1) Island topography can have a substantial influence on low-level winds during typhoons. The probability density function of ocean-side GF was concentrated around the low-value region. GF decreased with increasing height and conformed to generalized extreme value (GEV) distribution; (2) At wind speeds of about 12 m/s, GF was negatively correlated with mean wind speed (U), and the correlation was not significant when wind speeds were too fast or too slow. Under the influence of topography, the GF fluctuations of the wind field increased at each level; (3) When the ocean served as the underlying surface, the classic power-law model better described GF distribution changes with height. The exponent n of the power function model fitted to island-side wind was positive, whereas that fitted to ocean-side wind was negative, with higher wind speeds leading to larger absolute values of the exponent n; (4) The effect of island topography increased the slope k of the linear relationships for GF-