Fountains club OKs $17 million land sale to GL Homes


Members of the Fountains Country Club have approved the $17 million sale of country club land to GL Homes, which plans to build 470 housing units at the suburban Lake Worth club.

The sale, first reported June 2 by The Palm Beach Post, includes parts of the North Golf Course, one of the club’s three courses, as well as undeveloped land on the east side of the 865-acre property. The Fountains Country Club community is bordered by Lake Worth Road on the north and Lantana Road on the south.

Members approved the sale in a vote this month.

GL Homes plans to build between 150 to 200 single-family homes. GL also will build between 250 to 300 apartments, marking the first time the Sunrise-based home builder has entered the apartment market, according to Larry Portnoy, GL Homes vice president.

Fountains board of directors president Paul Napieralski hailed the sale. He said it will allow the club to make needed upgrades so it can “once again become one of the premier clubs in Palm Beach County.”

As part of the deal, the Fountains must build a $2.5 million resort-style pool.

The sale is a way for the club to also cope with declining membership during the past five years, Napieralski had said in a letter to club members.

Not all residents of the community were on board with the plan, however. Some opposed the sale as a short-term fix to a long-term problem, which they say is mandatory membership in the country club.

Residents of the new GL Homes will not be required to join the country club as equity members, as residents in some older Fountains communities have been required to do. Mandatory club membership is an added expense that figures into the price of a home. That can depress home prices and limit the pool of interested buyers, real estate experts say.

At the Fountains, equity membership ranges from $3,000 to $10,000, plus dues of about $10,000 for a couple, as well as other charges. Residents who live in some of the Fountains’ 19 homeowners associations that require club membership must pay the costs whether they use the club or not.

The issue has split the community and even resulted in lawsuits.

Golf clubs have been dealing with declining membership for years. The problem is particularly acute in Palm Beach County, with its plethora of clubs.

Portnoy has said it will take about a year to get county approvals to build on the land, and then another year to build. New homes could be ready by 2018. Prices are expected to range from $400,000 to $600,000.

Apartment rental rates have not yet been set. Apartment dwellers would not have access to the club but would instead have their own amenities.


Reader Comments ...


Next Up in Nation & World

23 members of a single family removed after brawling on cruise ship
23 members of a single family removed after brawling on cruise ship

If there’s one thing no traveler wants, it’s to be stuck on the same vacation with this family. According to the Sydney Morning Herald, at least 30 passengers aboard a Carnival Cruise Lines ship traveling to Melbourne were injured after a series of brawls. What is now being called the “the cruise from hell” led police to &ldquo...
These are the world’s most punctual airlines for 2018
These are the world’s most punctual airlines for 2018

We’ve all experienced the pains of crowded airports, unbearably long security lines, and cramped seating. But when it comes to flight delays, some airlines really are better than others. Analysts at travel intelligence firm OAG examined 57 million flight records from 2017 to find out which airlines are truly the world’s most punctual...
Trump departs PBIA after press pool driver replaced because he had gun
Trump departs PBIA after press pool driver replaced because he had gun

President Donald Trump wrapped up Presidents Day weekend at Mar-a-Lago on Monday by signalling cautious support for a bill to improve federal gun background checks, visiting his golf club and Twitter-blasting former President Barack Obama over Russian meddling in the 2016 election. The president, who departed from his normal routine by not playing...
Pastor and family assault, rob Sunday school teacher, police say
Pastor and family assault, rob Sunday school teacher, police say

A church pastor, his wife and 19-year-old daughter are accused of robbing a Sunday school teacher minutes before a Sunday’s service at the St. Paul Zion Church in Toledo, Ohio. Police in Toledo said that Nickema Turner, 39, was grabbed from behind by her hair by the daughter of the pastor, Kamali Morris. She then punched Turner and the pastor...
Five-term U.S. Rep. Tom Rooney will not seek re-election in 2018
Five-term U.S. Rep. Tom Rooney will not seek re-election in 2018

Five-term U.S. Rep. Tom Rooney, R-Okeechobee, announced Monday he will not seek re-election this year — a decision his brother believes was partly influenced by the June shooting at a practice of the Republican congressional baseball team. “I’m shocked,” said Peter Feaman, Florida’s Republican National Committeeman...
More Stories