What is a social membership at Ocean Reef Club?

Social Membership

Annual Social memberships are available to families that do not own property in the Ocean Reef community. Initiation fees and annual dues are non-refundable and the Club memberships are renewed at the discretion of the Club each year.

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How much is a social membership at Ocean Reef Club?

The Ocean Reef Club has a 175-slip marina, 54 holes of golf, numerous restaurants and lounges and many clubs. Its membership ranges from Baby Boomers to families that have been members for generations. » The price of membership: From $11,500 for social members to $215,009 for equity owners. Monthly dues are about $275. One may also ask how does a social club work? Generally, social clubs are membership organizations primarily supported by funds paid by their members. In order to qualify as a tax-exempt organization, a social club must meet the following requirements: Membership is limited. Organized for pleasure, recreation, and other non-profitable purposes.

Thereof, how would you describe a social club?

A social club may be a group of people or the place where they meet, generally formed around a common interest, occupation, or activity. Can you stay at Ocean Reef Club if you are not a member? If you are not visiting as a guest of a Member you can contact our Membership Department at 305-367-5921 to discuss the possibility of a guest stay.

People also ask what celebrities live in ocean reef club?

The Florida Keys are also high on the list of destinations, with Ocean Reef Club in Key Largo a popular second home community for business leaders. Former NFL coach Jimmy Johnson has a home in Islamorada, and Nick Carter, a singer with the Backstreet Boys, has a 14-acre oceanfront estate in Marathon. Correspondingly, do you have to be a member to stay at ocean reef club? When you decide to own property in Ocean Reef Club, you must become an Equity member in order to use the Club's facilities. You and your guests will enjoy all the amenities of the Club from Buccaneer Island lagoon, paddle boats, and pool to the array of restaurants and shops.

Who is the owner of Ocean Reef Club?

Timothy Taylor is the founder, owner and President of Ocean Reef Resorts. He founded Ocean Reef Resorts with his wife, Becky, in 1982. Tim and Becky met in Waikiki, where he was in the hotel business after attending the University of Hawaii College of Business Administration. Who owns Ocean Reef? By 1969, the acreage had expanded, and ownership was transferred to Harper Sibley Jr. and his partner Morris Burke, who founded the Ocean Reef Club. In 1993, Ocean Reef became member-owned. The most recent addition to Ocean Reef is 121 Marina, a development with 27 luxury condos priced from $4 million to $6 million.

Correspondingly, are country club initiation fees taxable in florida?

Regardless of whether they are called initiation fees or joining fees, the amount paid by a person to obtain an equitable ownership interest in a club are not subject to sales tax in Florida – that is if three criteria are met.