How often is that Association fee?? Is that a yearly $2,693.00???

Asked by Jeffjohnson, Panama City Beach, FL Thu Jun 27, 2013

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Marilyn Farb…, Agent, BOYNTON BEACH, FL
Fri Jun 28, 2013
In addition to my response below, check out for available listings. Some are in non-equity country clubs with NO dues or fees.

If I can be of further help, let me know.

Marilyn Jacobs
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Tom Priester, Agent, Tequesta, FL
Fri Jun 28, 2013

The property are inquiring about is located in Boca Grove who like almost all town home developments is governed by an association. You will see some opportunities in here that look like great deals and that is because a private club membership is also required and those fees are not insignificant. The equity bond is $70,000 and then the annual clubs fees on top of the association cost. The association fee of $2,963 is a quarterly fee that breaks down to $897.66 per month.

Whether you are looking solely in Boca Raton or just your perfect home in the Florida sun you are best suited to be working with a Realtor® who is looking out for your best interests in this constantly changing market. A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the buyers agents you may choose to interview. We cover the area and are experts in finding our clients that "needle in the haystack.

Best of luck and if I can offer anything additional please let me know.

Always at Your Service,

Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
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Julie Rosent…, Agent, Jupiter, FL
Thu Jun 27, 2013
You have asked about a home in Boca Grove, a country club community, and the condo fee you asked about is once every three months or quartly. I will be glad to recommend homes you might likje to consider. Julie Rosenthal, Broker Your Go-to Expert in Boca Raton (561)827-6789 Property Brokers International
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Marilyn Farb…, Agent, BOYNTON BEACH, FL
Thu Jun 27, 2013
That fee is quarterly. However the property is in a country club with mandatory dues and fees, Boca Grove. Golf Equity is a one time fee at closing of $85,000; social equity is $70,000. There are also annual club dues billed quarterly - golf dues are $17,258 and social dues are $11,153. In both cases a clubhouse renovation assessment is up to $259 per month, and there is a clubhouse capital contribution of $7500. I believe these are to cover loans that upgraded the clubhouse and may be for future or current renovations in progress. Food and beverage minimum is $2500; service charge is $100 per month. There may be more fees as well.

If you are looking for a non-equity property, most of the units in this price range ARE in country clubs that require equity. Inventory is quite low right now.

Marilyn Jacobs
0 votes
Jim Plotkin…, Agent, Deerfield Beach, FL
Thu Jun 27, 2013
The hoa fee on that property is per qtr. It also has a $70,000.00 mrembership equity buy to live there. Please give me a call and we can go over all the possibilities for a home for you.
Jim Plotkin
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Tim Moore, Agent, Kitty Hawk, NC
Thu Jun 27, 2013
Most HOA fees are quoted as yearly
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