It certainly depends on what you consider "luxury" but most will have an equity bond required. All of the private club communities are struggling with how to attract well-healed younger members. From the multi-million dollar renovation going on this summer at Admiral's Cove to dropping the required memberships at clubs like the Ritz Carlton (soon to not be the Ritz) and Old Palm the thinking caps are on trying to come up with practical ideas to bring the "green" back in to golf course communities.
Those who do purchase in club communities are typically doing it for much more than the golf and municipal courses are a total different animal. Those working with the right agent can negotiate some amazing deals as inventories in this market segment tend to be very high. Take a look at The Loxahatchee Club where there are currently 18 active listings on the MLS and only one sale registered over the past 12 months. With a 216 month inventory you can bet there are some motivated sellers out there and Loxahatchee is an awesome club with a strong membership. But finding the 40 and 50 somethings to fall in line ready to pay equity fees up to $175,000 is proving difficult.
I hope this information is helpful but if you need anything additional please do not hesitate to give me a call.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty