The Polo Club
Boca Raton, Florida
Price range of homes SOLD in recent 12 month timeframe ending April, 2005:
$160,000 - $2,200,000
Dues & Fees Structure 2005
Social Membership Dues: $6,105.00 per year
Golf Membership Dues: $4,984.00 per year (plus 6.5% tax, or $5307.96)
Tennis Membership Dues: $1,100.00 per year (plus 6% tax, or $1,171.50)Dues are billed in two equal installments; payable in October and January.
Common Area Maintenance: $250.00 per month
Clubhouse Renovation: $50.00 per month
Social Capital Reserves: $25.00 per month
CAM Capital Reserves: $50.00 per month
Golf Capital Reserves: $50.00 per month
Golf Club Course Renovation: $46.00 per month
A $2,000.00 refundable deposit is paid at closing. This will be placed in a Reserve account for funding future fixed asset replacements and will be refunded to the member when the property is sold.
The cost of a Golf Membership is $40,000. The Golf Assessment (20% of the current Golf Membership Fee) is $8,000. The Club will disburse 100% of the Golf Membership Fee to the seller, and retain the Golf Assessment. The transfer fee is $532.50 per equity.
The cost of a Tennis Membership is $5,000. The Tennis Assessment (20% of the current Tennis Membership Fee) is $1,000. The Club will disburse 100% of the Tennis Membership Fee to the seller, and retain the Tennis Assessment. The transfer fee is $532.50.
The cost of a Social Membership is $20,000. When the property is sold, $12,000 is refunded to the Seller. The social membership is attached to each home in Polo, and must be transferred at the closing. The transfer fee is $532.50. All first-time purchasers will pay a non-refundable New Member Charge in the sum of $10,000 payable upon closing of the real estate transaction.
New Construction : Social membership is $20,000. There is an additional one-time fee at closing on a new home for a working social contribution of $1018.00 and a working capital contribution of $330.00. A transfer fee for the social membership is not charged.
Contact Information
E-mail Address: E-Mail Kerstin or E-Mail Temple
Direct
Phone: 561-241-6323
Cell
phone: 561-271-8121 (Kerstin) or 561-251-6187 (Temple)
Direct Fax #: 561-241-6358
Office Address: Templeworks Properties LLC, 3755 Mykonos Ct., Boca Raton, FL 33487
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Disclaimer: The information at this site and on this page is believed to be accurate, and it is offered as such, with no guarantees or warranties, implied or otherwise. All prices are subject to revision due to market conditions. Some information may be compiled from RMLS, Inc., for the period covered by the web page information. In such cases, the representation is based in whole, or in part, on data supplied by the RMLS, Inc. RMLS, Inc. does not guarantee or is not in any way responsible for its accuracy. Data maintained by RMLS may not reflect all real estate on the market.
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