Home Buying in Boca Raton>Question Details

sunny.ls590, Home Buyer in Boca Raton, FL

what is mandatory membership of $70000 ?

Asked by sunny.ls590, Boca Raton, FL Sat Mar 23, 2013

what is the membership of $70000 to buy that apt, and what I need to do for that

This question was asked from this property: http://www.trulia.com/property/3061898749-7754-Lakeside-Blvd…

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can you mortage the $70,000
0 votes Thank Flag Link Sat Apr 6, 2013
no you can't
Flag Sat Apr 6, 2013
Hi Sunny,
As you have seen that is the cost of joining club. If you want that it is ok if you can afford it. If you don't need a club there are other options. Please feel free to contact me and talk about what you are looking for in a home.
Jim Plotkin
Remax complete solutions
561- 856-2880
0 votes Thank Flag Link Sun Mar 24, 2013

As the others have said the money is part of joining that particular country club. They also have mandatory dues you must pay each year. If the golf course or clubhouse need updating, you can expect an additional assessment for the updates.

Whenever you see a condo with such a low purchase price, you can expect that they are pretty much giving it away. Many people no longer want homes with so many golf courses and tennis courts.

Let me know what you would like to have and what your budget is for buying a condo and I'll try to help you find something.

Nadine Mauro
Highlight Realty
0 votes Thank Flag Link Sat Mar 23, 2013
The buy in ,at the country club is $70000 and the club also collects every year $10,244 of dues every year. Boca West has 4 golf courses, 33 tennis courts, 6 dining areas, 4 pools at the aquatic center, full spa and state of the art fitness center.
Purchasing the condo and the membership you can be in the #1 country club for under $100,000.
If you need more info, please feel free to call me or email me.
Renee Friedman
561-654-6308 cell
0 votes Thank Flag Link Sat Mar 23, 2013
mandatory membership in Broken Sound is $50,000. Every home requires a minimum membership. They range from $50-$70K......call me further explanation..........thank you
Susan Blanco realst8sue@aol.com 561-716-2467
0 votes Thank Flag Link Sat Mar 23, 2013
It's where you have to join and agree to pay $70,000 or your application for ownership is denied.
0 votes Thank Flag Link Sat Mar 23, 2013
You have to pay $70,000 in order to live in the community .That's why the condo is so inexpensive . You also have to pay $469.00 a month for Homeowner Association Fees . And there may be other fees associated with the club.
0 votes Thank Flag Link Sat Mar 23, 2013
that is the "equity" you have to pay for the country club membership...as noted, it is mandatory
0 votes Thank Flag Link Sat Mar 23, 2013
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