Woodfield is a private equity country club, and when purchasing a home or real estate in the community buyers are required to make an equity contribution in the Club.
There are three types of Woodfield Country Club Membership categories available to residents including Golf, Sport, or Social Membership. This offers residents different options, as the club recognizes the different lifestyles of its residents. While there are three types of Woodfield Country Club Memberships a resident can choose from, the club categorizes the memberships as either Full Equity or Standard Equity.
Woodfield Country Club Equity Membership
Full Equity Membership at Woodfield Country Club includes all golf, sport and social privileges. The full equity contribution required is $45,000 with a $20,000 non refundable initiation fee and annual Woodfield Country Club Membership fees are $15,881. This includes both the annual full operating dues of $14,092 and annual full capital dues of $1,789.
Standard Equity Members at Woodfield Country Club can choose from either a Sports or Social Membership. The Sports Membership includes limited golf access, tennis and social privileges while the Social Membership has access only to social privileges. The equity buy in for the standard Sports Membership is $38,000 with a $20,000 non refundable initiation fee and annual Woodfield Country Club Membership fees are $11,258. This includes both the annual full operating dues of $9,469 and annual full capital dues of $1,789. Social privileges do include access to all dining facilities, the fitness center, pool and social activities. The standard equity buy in for the Social Membership is $38,000 with a $20,000 non refundable initiation fee and annual Woodfield Country Club Membership fees are $9,458. This includes both the annual full operating dues of $7,669 and annual full capital dues of $1,789.
Woodfield Country Club Equity membership includes the member, the members spouse and unmarried children who live at home under twenty five years of age. For children living at home twenty five years and older a Woodfield Country Club Legacy Membership can be purchased.
Woodfield Country Club Membership Refund
Upon sale of property members who purchased homes: (1) before 8/1/2014 are entitled to an equity refund of 50% of Current Standard Equity Membership Price or (2) on or after 8/1/2014 are entitled to an equity refund of 25% of Current Standard Equity Membership Price.
Other Woodfield Country Club Membership Fees
There is an annual food and beverage minimum spend required of $2,500 per family or $1,250 per single member. While there are additional separate annual fees for taking a locker at the golf, tennis or fitness facility, these locker fees are voluntary.
Please Note: If you are financing your real estate purchase at Woodfield, you will not be able to finance the Woodfield Country Club Membership Equity portion. For example if you are buying a home for $500,000, you will need an additional $58,000 ( $38,000 Equity plus $20,000 Initiation Fee) in cash to purchase the social membership. You can elect to pay the Annual Woodfield Country Club Membership Fees in full or on a ten month payment plan and there is an option to finance this payment using a credit card. Additional financing and convenience fees will apply.