Does the HOA or Poa own the club?
Many residential communities have homeowners associations (HOA’s) or property owners associations (POA’s) which govern architectural standards, common area maintenance and community rules. Since some have golf or club amenities, whether the HOA/POA owns the club or not it has a vested interest in the club’s economics.
Should I stay at the club house or the SPI?
The one by the club house is a bit bigger. SPI is about a 15-20 minute commute. Overall, I would definitely recommend it! The place was very clean! This stay was not planned or a typical vacation.
Who pays the price of a golf course?
No matter the outcome, homeowners will be the ones who pay the price, either by finally supporting the course and the club in their backyard or by the loss in the value of their homes. Forbes Real Estate Council is an invitation-only community for executives in the real estate industry. Do I qualify?
Is the club profitable to the owner?
The club is profitable to the owner but not maintained in a manner that supports home values in the community. The club is financially stressed, maintenance is declining and the owner is holding out for an excessive purchase price from the HOA/POA.
South Padre Island Golf Club Homes For Sale
The listing data on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates.
South Padre Island Golf Club, Laguna Vista
The listing data on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates.
What happens if a club has the lowest dues?
If a club or community boasts about having the lowest dues, one can be certain that the level of services and the value in membership will be compromised. Often, a club has to choose between privacy/exclusivity and opening up to the outside.
What is a POA in golf?
July 16th, 2018. Many residential communities have homeowners associations (HOA’s) or property owners associations (POA’s) which govern architectural standards, common area maintenance and community rules. Since some have golf or club amenities, whether the HOA/POA owns the club or not it has a vested interest in the club’s economics.
Why do golf courses have domino effect?
In addition to building golf courses to provide a recreational/lifestyle amenity to homeowners, developers used them to enhance sale prices so homeowners have a vested interest in protecting and preserving the premium value of their homes created by the club. When the club declines, home values typically follow and a domino effect is created which can often cripple a community. This should be of great concern to homeowners and the HOA/POA.
Why are non golfers so conflicted?
There’s often a conflict because some demand financial independence of the clubs while others feel the community as a whole benefits from the club and all should support the club.
What happens when a club is struggling?
In most cases, the owner/operator of the club requires a financial return (profit) and if the club is struggling, budget cuts are often employed to stop the bleeding, which can precipitate that decline.
Does a HoA subsidize golf?
The HOA/ POA currently subsidizes the golf operations and seems to have established a limit as to how much they’re willing to contribute. Among the choices HOA’s/POA’s encounter are: Key to understanding the best way to go is comprehending the club’s “culture”.
Can non-residents play golf in age restricted communities?
Choices include maintaining the club as private for community residents, open up membership to non-residents or to allow some amount of daily-fee play from both residents and non-residents . In age-restricted communities there is often a concern for security and opening the gates to the outside can be perceived as risky. There is sometimes the option of simply raising the HOA dues given that all residents (whether they’re golfers or not) benefit from a thriving club in the community. Needless to say, just like taxes, raising dues is never popular.
pool access
All of our rentals have access to the various pools in our gated community!
5 Augusta West
This place is awesome for a couple or a group of 4. It is in a nice community. What I liked most about it was the patio. It was enclosed and great for morning coffee. We enjoyed our time at the pool. There are two pools. The one by the club house is a bit bigger. SPI is about a 15-20 minute commute.
40 Harbor Town
This stay was not planned or a typical vacation. We are originally from Brownsville and we were told that my father only had days to live if that. My brothers, sister and I were lucky to find this location. We did not spend many days at this townhouse but the couple that we did was amazing. It offered us the kind of mental break we each needed.
48 Torrey Pines
It was very easy owner contacted us the same day which I was surprised and email me all info I needed to know which was great.
Why did real estate developers build golf courses?
This allowed for more homes to benefit from course frontage and the elevated premiums that came along. These courses drove the absorption and pricing of many real estate developments, and even non-golfers purchased these properties because of the perceived value — but without understanding the full cost of ownership in a golf-based community. Many of these buyers and those who came after the market correction had no idea of the value risk of buying into a community that was not supporting its golf club. Essentially, property values were being subsidized by the golfers and club members supporting the club.
Who predicted that too many amenities over too few paying homeowners would create an unsustainable burden?
This was predicted by Bob Turner of Beaufort, South Carolina in his paper, Sustainability Through Design, where he pointed out that spreading too many amenities over too few paying homeowners would create an unsustainable burden. Real estate developers knew that they were in the business of building, not operating, golf courses, so they sold or gave away their interest (and liability) in the clubs. Often developers sold shortly after closing all the homes in a community and moving onto another location and another new course.
