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Country club community fees
- Thread starter J Grant
- Start date
J Grant
Elite Member
- Joined
- Dec 9, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Florida
The above post is just to illustrate some of the extreme wealth here in Palm Beach County - the fees for a home I am appraising now in that community! There are many similar gated luxury home communities like that around here , with mandatory country club or equity fees ranging from 150k to 500k , and then annual dues ( in addition to the regular HOA dues). I appraise some luxury condos where the HOA maintenance monthly fees are 4k-10k a month. RE taxed 30-60 k a year.
I also do lower price and starter homes, semi-rural, REOs, etc., but about 1/3 of my work is high-end properties - a different world of wealth. Most homes in these communities typically start at a million and up, though some communities have a number of more reasonably priced villas and condos mixed in .
To clarify, it is mandatory to purchase a club membership in these communities. Which means in addition to paying X $$ price for the house, you must pay 250k for the club membership to be approved as a resident.
I also do lower price and starter homes, semi-rural, REOs, etc., but about 1/3 of my work is high-end properties - a different world of wealth. Most homes in these communities typically start at a million and up, though some communities have a number of more reasonably priced villas and condos mixed in .
To clarify, it is mandatory to purchase a club membership in these communities. Which means in addition to paying X $$ price for the house, you must pay 250k for the club membership to be approved as a resident.
Last edited:
Bobby Bucks
Elite Member
- Joined
- Jan 27, 2002
- Professional Status
- Real Estate Agent or Broker
- State
- North Dakota
It must take hours to find the HUD tags in the vacant ones. 
J Grant
Elite Member
- Joined
- Dec 9, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Florida
lol. And many of the luxury properties are seasonal homes !! Do we all live in the same country or what?It must take hours to find the HUD tags in the vacant ones.
