Many owners bought condos in Boca Raton and Delray Beach country club communities in the 70s and 80s. The low priced condos really cost more. Now membership fees that are $40,000 to over $100,000. The price of membership can drive down property values making the purchase price low. Professional golfer Jonathan Margolies, paid $2,000 for a condo at Hunters Run, a country club community in Boynton Beach.
via NY Post