Bundled Golf / Bonita and Estero
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Bundled Golf? What is it? The Naples real estate market and the Bonita real estate market has more golf courses per capita than anywhere else in the U.S. according to the Chamber of Commerce. And they continue to build them. There are three types of golf: (1) private or what used to be called equity memberships where someone could ‘join’ the club and pay an initiation fee and where the number of members per 18 holes was restricted to a particular number … let’s say 325 members per 18 holes; (2) bundled golf exists in a community built around a golf course and club house where full membership rights are bundled together with ‘title’ to the property and automatically pass from a seller to a buyer at closing without additional cost to the new owner. Since every ‘front door’ is automatically a full member, in most cases, the number of members is typically around 800 front doors or members per 18 holes. Whereas there is no initiation fee, members do pay annual dues to maintain the facility. Because there are more members per 18 holes than in an equity club, the annual fee structure is considerably less than an equity club. (3) public golf is public golf. There are several public courses around the Naples and Bonita areas.
There are several primary bundled golf communities in the Bonita Springs real estate market areas and Estero real estate market. These would consist of Highland Woods, Spring Run at The Brooks, Copperleaf at The Brooks, all in Bonita Springs with Pelican Sound being in Estero. Copperleaf has the lowest density with only 560 members per 18 holes. Pelican Sound has 27 holes but the number of members is around 1300 which puts it in the same approximate ration of members to most other bundled golf communities.