Boca Raton Country Club
Membership Fees
If you have ever lived or visited Boca Raton, Florida, you will know on every other street corner is a country club, specifically golf & tennis clubs. Here we are going to get into the annual expenses to keep up a home in one of these clubs. Below are some nice charts that will give you a good overview of annual expenses:
First and foremost, all the Club require a social membership. Memberships are purchased directly through the Club and are not transferred from seller to buyer. This update is not covering the initial buy in (initiation fees, equity, bond requirement, etc...) as that requires an entire update of it's own, this post will just cover annual expenses; dues, assessments/capital charges, food and beverage
Social Membership
Sports Membership
Full Membership
It's important to note each Club defines Social, Sports and Full Membership differently. Not all are treated the same. Not all Clubs offer a base social membership alone. Some Club might offer Social memberships to grandfathered in members, whereas new members might not be able to chose a social membership. Buyers, especially snowflakes, prefer social memberships because the annual expenses are the least. Once we add in Sports (aka Tennis and/or limited golf) or Full (social, golf, tennis), the annual dues jump. Sports typically don't increase the dues that much, whereas you will definitely notice the difference annually with a golf membership.
It's also important to note these charts just cover "master" association. Within each Club (development), there are subdivisions that manage themselves. You will incur either additional monthly, quarterly and/or annual assessments from these various subdivisions. These could include things like common area maintenance, landscaping, pool service, cable, security, pressure cleaning, painting, insurance (condos),trash removal, irrigation maintenance, etc.... There is no rhyme or reason between various subdivisions and what each offers it's residents. The best is to speak directly with a contact at the management company and ask for all the things covered in writing.
