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Equities, Joining, Initiation and Membership Applcation Fees


Aberdeen Golf & Country Club is a community (manditory) membership club for residents only. There are a limited number of non-resident memberships available. Click here for more information on the non-resident program. 

There are levels of membership each requiring different equity levels to achieve that membership category. ALL classes require a non-refundable Membership Application Fee of $15,000 (plus Florida sales tax). In addition, there is an equity or initiation fee that is required as follows:
 
Class A Full Equity Membership $20,000 (equity)
Class B Tennis Membership $10,000 (equity)
Class C Social Membership $7,500 (equity)
Class D Social Membership (non-voting) $6,500 (initiation fee - non-refundable)

The Board has established payment plans without interest for both existing and new members electing to purchase an Equity per the following schedule. 
  • Class A    -    5 payments
  • Class B    -    3 payments
  • Class C    -    2 payments
An Installment Agreement must be signed by the member. In the event that a member is upgrading from one class of equity to another they may then pay the difference at a minimum of $4,000 per year.  The first Equity payment is due and payable at the time of initial election and annually thereafter.

All Initiation and Membership Application Fees are due and payable in full at time of the initial election.
 
Upon the sale of their property, Members may receive the equity portion paid by the purchaser up to one hundred percent 100 % of the amount of the member’s paid-in equity. 

In accordance with the Club’s By-laws, Equities, Joining Fees, Initiation Fees and Membership Application Fees may be adjusted periodically at the discretion of the Board of Directors.          

If a Class D Non-Voting/Non-Equity Social member elects to upgrade to an Equity class, any previous payment of an Initiation fee or Membership Application fee will not be applied to the Equity purchase. 

If an Equity member elects to upgrade to a higher Equity class, any previous payment of an Initiation fee or Membership Application fee will not be applied to the Equity purchase.