Boca Raton Country Club Real Estate: Addison Reserve Section

Addison Reserve Delray Beach, Florida	Price range of homes SOLD in recent 12 month timeframe ending April, 2005: $403,500 - $2,787,500

The Addison Reserve Country Club is a golf and tennis community of 716 luxury homes on 653 acres. Homes originally sold at the Club in 1996. In May, 2002, the Addison Reserve Country Club became a member-owned and operated community.

Membership Application Process

Contracts to purchase or sell a home in Addison Reserve contain a contingency clause which states:

This contract is contingent upon Buyer(s) being approved for equity membership in Addison Reserve Country Club.

When entering into a contract to purchase or sell a home in Addison Reserve, remember to allow ample time when scheduling the closing date for the application process and background checks. We recommend a minimum of thirty (30) days.

Immediately upon finalizing the contract to purchase or sell a home in Addison Reserve, Sellers need to send a letter of resignation to the Membership Director stating that they are resigning their membership effective on the date of closing of the sale of the home. Sellers also must return their original equity certificates to the Membership Director.

Also, immediately upon finalizing the contract to purchase or sell a home in Addison Reserve, please send a copy of the contract, along with the buyers names, addresses, and telephone numbers to:

Peggy Anderson Bregman
Membership Director
Addison Reserve Country Club
7201 Addison Reserve Boulevard
Delray Beach, FL 33446
Tel: (561) 637-4004 ext #101
Fax: (561) 637-6150
E-Mail: PeggyB@AddisonReserve.CC

Upon receipt of the Contract for Purchase & Sale and the buyers, names, addresses, and telephone numbers, the Membership Director will contact the buyers and will send out an application packet to them. The application packet will contain a letter of welcome which explains the application process. Included in the application packet will be:

An Application for Equity Membership at Addison Reserve; Release of All Claims and Information (for Background Checks); Equity Membership Tariff (describes types of Memberships, Privileges, and Fees).

When the completed Application, Release, and appropriate Application Fee ($300 for domestic checks or $600 for international checks) is received by the Membership Director, background checks are ordered. When the background check report is received, the application and background report are reviewed by the Membership Committee. A personal interview may also be requested. Upon approval by the Membership Committee, a recommendation is made to the Addison Reserve Board of Directors to approve the membership.

Should a negative background report come back , the buyers may be asked to interview with the Membership Committee, or may be denied approval for membership.

Once a buyer is approved for membership, the Membership Director will send out a letter of acceptance to the buyer. In this letter of approval, a request will be made that immediately upon closing the house sale the new buyers come to the membership office to activate the membership. At that time they will need to bring a copy of Deed and the Settlement Statement (for a new house sale) or a copy of Deed and checks payable to Addison Reserve Country Club for the equity fee and pro-rated dues (for a resale house).

There are 565 Golf Memberships at the Club with the remaining 147 memberships being either Sports Memberships or Social Memberships. A Golf Membership entitles the member to use all of the golf, tennis, swimming, fitness and social facilities of the Club. A Sports Membership entitles the member to use all of the tennis, swimming, fitness and social facilities of the Club. Sports members are entitled to unlimited golf play during the period May 1 to October 31 and limited use of the golf facilities during the balance of the year. A Social Membership entitles the members to use all of the swimming and social facilities of the Club.

When the new buyers come into the membership office for Orientation and to activate their memberships, they will be given an equity certificate, ID cards, community telephone directory, forms for obtaining an access code to allow access into the community, forms for activating the burglar alarm system in the home, instructions for obtaining SmartPasses (transponders which open the gate), and an informative welcome to Addison Reserve.

Boca Raton area Real Estate Links from bocacc.com

Boca Raton area Real Estate Reports from bocacc.com