Equity Golf Communities
The majority of Equity Golf Communities have converted to a non-equity membership model and now require an up-front “Initiation Fee” for your golf membership. Also, you will be required to pay annual membership dues which vary significantly between clubs. The amount of equity (if any) also varies by club. Many private golf clubs in Southwest Florida used to include equity in the golf club. However, most clubs have shifted to a model with an up-front non-refundable initiation fee with no equity stake in the golf club. If needed, some clubs may offer payment terms for the initiation fee.
In general, private golf club memberships include the social benefits of the community in addition to full golf privileges. In certain instances, there are alternative membership options such as a “Social” or “Sports” membership. These alternative memberships include access to social activities and amenities of the club throughout the entire year. Additionally, some social or sports memberships allow golf privileges during the summer months (May 1st through October 31st).
So if you are considering buying your dream home in a private golf club in Naples, Bonita Springs, Estero or Fort Myers, contact us for additional information about the clubs. With more than 150 golf communities to navigate it can be a challenge to identify which one will be a good fit for you and your family. We can help narrow the list down to the communities which will suit your lifestyle.
Whether you are buying an existing property or new construction, we will account for every detail. Also, we will manage all contract negotiations to ensure your real estate transaction is effortless. As golf community experts, our understanding of equity golf communities is unmatched by any other team. If you are ready to buy your own slice of paradise, contact Naples Golf Guy today!
For more information about Equity Golf Communities
contact Matt Klinowski at 239-370-0892.