Fountains Country Club

Concert Golf Partners immediately undertook several long-deferred capital projects at Fountain Country Club:

• A fully renovated golf course, including major irrigation and drainage upgrades
• A new resort-style pool is nearing approvals
• New bocce courts, tennis court lighting and fitness equipment
• Clubhouse renovations, including kitchen upgrades

How Fountains Country Club Recapitalized

• Due rates at Fountains Country Club have been reduced dramatically to match market levels–now that the club’s debt is paid off, there’s no need for breakeven budgeting.
• The recapitalization with Concert Golf Partners has been good for everyone at Fountains, not just those who are club members. Home prices have shot up by an average of 63 percent. Homes that were languishing on the market because of the mandatory $20,000-per-year club membership are now selling for $150,000 more–imagine the homeowners’ joy! And realtors say the buyers are all-cash. Just a few months after the town hall meeting announcing the end of mandatory membership, hardly any homes remained for sale at the Fountains.

A Continuing Success Story

No matter how great the challenge, there is a comprehensive solution. Fountains Country Club in Lake Worth, Florida, proved in 2018 that all their capital and management issues could be solved by partnering with Concert Golf.

“…the value of our homes has increased since the Club partnered with Concert Golf. Units that had lingered on the market have now sold.”

Fountains Realtor

“We got rid of our debt, our mandatory membership requirement and our self-funding issues–all in one transaction. It all seemed too good to be true”

Jeff Hamburger – Board President, Fountains Country Club