Desert Mountain in Scottsdale is Now Owned By the Members
Desert Mountain Scottsdale's Membership Buyout and Turnover Complete - New Pricing and Terms Effective January 1, 2011.
Blog post courtesy of Joyce Tawes, Associate Broker, Realty ONE Group
When Desert Mountain was developed over 20 years ago in Scottsdale, Arizona, it was always scheduled to be taken over by the membership at a future determined date. That time has now arrived and the buyout was enthusiastically accepted throughout the community of current members of the Club.
To assist in the transition, the Desert Mountain membership elected an Advisory Board that has been in place for a number of years and has worked continuously with the Developer and subsequent owners to insure the membership would be treated fairly during the scheduled turnover. The Advisory Board is now the Board of Directors.
Desert Mountain Deferred Equity Golf Memberships (DEGM's) have been converted into Desert Mountain Equity Golf Memberships. And, the Deferred Equity Club Memberships have also been converted into Equity Club Memberships. (Club Memberships are social membership with limited golf privileges).
Equity Golf memberships have now been valued at $140,000 and are available for purchase to current Desert Mountain property owners without memberships or to new Desert Mountain property owners who buy homes or lots without the membership attached. The Equity Club Memberships have been valued at $40,000.00 and are also available for purchase to the same folks.
Desert Mountain offers six Jack Nicklaus golf courses as well as six clubhouses, four club dining rooms, and a full health facility and tennis complex located at the Sonoran Clubhouse. An informal breakfast and lunch is offered at The Hideout at the Renegade Golf Course.
If you have any further questions about the buyout or want more information, please contact Joyce Tawes via email or call/text to (480) 209-7843.
Learn More About Desert Mountain Scottsdale, Arizona
Originally posted on Live Better in Scottsdale