Barry Tunick, Both Buyer and Seller in Decker Prairie, TX

what is the equity payment and what are the annual dues--are both mandatory?

Asked by Barry Tunick, Decker Prairie, TX Wed Feb 27, 2013

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This question was asked from this property: http://www.trulia.com/property/3096172829-4252-Bocaire-Blvd-…

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5
marc jablon, Agent, Boca Raton, FL
Thu Feb 28, 2013
If you purchase a Boca Raton home in almost any Boca Raton country club community, the equity payment and the annual club dues are mandatory.

Three exceptions to that rule are:

Boca Greens in Boca Raton, which has a golf club. When you purchase a home in Boca Greens there is no mandatory membership. Yuu may join if you wish, or just pay to play.

Boca Pointe. A home in Boca Pointe puts you into a private, gated community that surrounds a golf course. Your Boca home in Boca Pointe does not require membership in the golf club/ country club. However, you will not be able to make use of the Boca Pointe Clubhouse facilities unless you become a member.

Boca Raton Resort and Country Club, which is located on Congress Avenue opposite Costco, does not require that you purchase a golf membership or a social membership in the country club. However, if you wish to play golf at the Boca Club, you will have to pay the equity fee and membership fee.

If you are looking for homes in Boca Raton that are equal in opulence to the home in Bocaire, but you do not want a country club lifestyle, there are more than two dozen similar Boca homes available within similar price range.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com

For more country club homes in Boca Raton, please see:
0 votes
Marvin Krause, , Boca Raton, FL
Thu Feb 28, 2013
Good morning Barry,

Here's the information for Bocaire Club which you requested. There are several other Golf clubs in Boca and I'd be pleased to help you make your decision when you are ready to make the move.


Bocaire Country Club

Golf Courses 1 Tennis Courts 6

2011-2012

Equity Type Initiation Equity Dues

Golf, Tennis, Social $30,000 $60,000 $18,300
Associate (non-resident) $12,500
(includes Golf, Tennis, Social)

Initiation fee is non-refundable.
Tax not included.

LYONSGATE REALTY, Inc.
Marvin Krause, Realtor®
Residential Specialist
Cell: 561-870-8542
Email: DR1932@aol.com
0 votes
Tom Priester, Agent, Tequesta, FL
Thu Feb 28, 2013
Dear Barry,

The home you are inquiring about is located in Bocaire Country Club which is an equity facility with a mandatory $60,000 bond and a $30,000 initiation fee. Overall, the private golf communities are one market segment that has not experienced the strong rebound in the overall market. Most studies show that baby boomers are not as interested as their parents in playing golf full time and justifying the fees with less time committed to the game. Most golf communities have high inventories and for those seeking this lifestyle there are motivated sellers and you can negotiate those up front fees in to the price of the home. I have to double check but I believe the annual club fees at Bocaire are running about $18,300.

Bocaire Country Club is doing what they can to entice younger members and they are remodeling and adding features to attract those with children; a resort style aquatic center and family recreation centers to be specific and these improvements are scheduled to be completed this year.

This home is one of the top end homes in the community and so keep that in mind when making decisions. Over the past 6 months we have had 6 single family homes sell through the real estate community as reported on our Multiple Listing Service. These sales range between $170,000 and $460,000 with a median sales price of $375,000. As of this morning, there is only one home under contract and 25 active listings which represents a little over a two year inventory based on 6 month sales which is quite high. Even more telling is the fact that only three of the 25 active listings have list prices below the median sales price over the past 6 months.

Whether you are looking for a private club experience 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 all of Palm Beach and Martin Counties 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
tom@tompriester.com
0 votes
Marilyn Farb…, Agent, BOYNTON BEACH, FL
Wed Feb 27, 2013
Dear Barry:

At closing, regular membership fee is$60,000 plus $30,000 initiation fee. Note there is an HOA fee annually of $3850.

Home details are available. See:http://www.floridaluxurycountryclubhomes.com/idx/filter023. Bocaire is known for spacious homes, and the property we are looking at now has 5408 liv sq ft.

Let me know when you would like to meet me there.

Marilyn Jacobs, Realtor
561-638-9818
marilynfjacobs@gmail.om
Jeffrey Ray & Associates, Palm Beach
0 votes
Renee Friedm…, Agent, Boca Raton, FL
Wed Feb 27, 2013
Yes there is mandatory equity membership If you would like any further information, please do not hesitate to call me. 561-654-6308. Thank you.

Renee Friedman
Boca Executive Realtors
0 votes
before i waste our time--what is the equity payment and what are the annual dues for this property--and the HOA please
Flag Wed Feb 27, 2013
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