As noted above, this home in Boynton Beach is in Aberdeen, a country club community with an upfront equity payment. Plus, residents must also pay an annual club fee in addition to their hoa fees.
Upfront costs may be as low as around $7,500 for a social membership and as high as 20,000 for a golf membership. Annual dues can vary from around $7,500 to north of $12,000.
Aberdeen is a well kept country club and among the least expensive clubs to join in the area. if you're looking for a home in a Boynton Beach country club, you will enjoy living at Aberdeen.
Homes in country clubs are, in general, declining in value because fewer people in today's economy are choosing to purchase in equity communities. They cannot afford, or simply do not want to pay the additional costs associated with a country club lifestyle. The result: country club homes stand empty for long periods of time and sell at prices far below those that similar homes in non-equity communities command.
Homes in non-equity communities that are similar to the house in Aberdeen are likely to sell for at least $250,000 or more in today's seller's market.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions