If you purchase this Boca Raton condo in Boca Grove Country Club, you will pay taxes next year based on your buying price. You can figure your taxes typically at around 2% of purchase price. You will finish out this year paying the current taxes on a pro-rated basis.
It is important to notify the county before Jan 1 that you have purchased.
You must also figure in the $85,000 equity price you must pay in order to join the Boca Grove Country Club. There is no yearly tax on this expense.
In addition, there are annual country club dues that will run somewhere between $18,000 and $25,000.
Finally, there are quarterly HOA fees of $4100.
If you are a dedicateded golfer and you are looking for a Boca Raton country club lifestyle, you have found one of the most appealing country clubs around. Boca Grove in Boca Raton is always beautifully tended. In fact the golf courses were recently redone from top to bottom. If this lifestyle is what you are looking for, then you have located a beautiful condo in Boca Raton at a true bargain price.
However, if you are not looking for a country club lifestyle, then you will find that comparable condos that are not located in country clubs in Boca Raton will run at least 3 to 4 times the asking price of this one.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions