Bonita Bay’s top executive said the company will re-evaluate a decision to offer public access at Bonita Bay Club — its private, flagship community.

The developer’s decision last week to create a preview program where prospective members can enjoy full club access without making an equity purchase for the cost of dues only, met with heavy resistance.

The dues would be about $800 a month. Existing members, meanwhile, paid thousands in initiation fees on top of monthly dues for the same access.

“You kind of feel violated,” said Hunter Caffee, a Bonita Bay member since 1995. “It’s always been an exclusive club. Now anybody that has $800 a month can play.

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Bonita Bay Club isn’t so private or exclusive anymore.

A new preview program allows new members to join the club without paying any initiation fees. They don’t have to live behind the gates of Bonita Bay, one of the most well-known golf communities in Southwest Florida.

“Now it’s open to anyone for nothing,” said Bonita Bay resident Art Herman, who is miffed about the change and has recently resigned from the club.

Bonita Bay Group _ the community’s cash-strapped developer _ announced the program last week as a way to draw new members to the club, which it has been trying to sell to members.

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Naples News

A deal for members to buy the Shadow Wood and Commons clubs is in the hole.

Or so it appears.

After calling off an agreement to buy their golf and social clubs in The Brooks in early September from their developer, members have negotiated a new deal that could lead them to victory.

On Monday, Bonita Bay Group announced an agreement in principle for members to purchase the two clubs — and their assets — for $8.25 million in cash. In the original agreement, members would have paid $8.3 million.

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Xcellimark recently launched the latest in real estate website technology with its website for Southwest Florida REALTORS®:www.SouthwestFloridaWaterfrontProperties.com

(PRWEB) November 3, 2009 — Xcellimark, an award-winning web design and Internet marketing firm headquartered in Orlando Florida, presents the latest in real estate website technology with its recently launched website for Melinda and Paul Sullivan, Southwest Florida REALTORS®: www.SouthwestFloridaWaterfrontProperties.com. The website provides visitors with a comprehensive, fast and effective way to search for waterfront properties in Southwest Florida.

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Bonita Bay Group has reached an agreement in principle for the members of the Shadow Wood Country Club and The Brooks Commons Club to purchase the clubs’ combined assets for $8.25 million in cash, Bonita Bay announced today.

The tentative agreement is with the Shadow Wood Country Club Member Board and The Brooks Commons Club Transition Team, according to the Bonita Bay release.

The sales agreement includes Shadow Wood Country Club and its two 18-hole golf courses, the Shadow Wood Preserve club and golf course, and the amenities at The Brooks Commons Club including a fitness center, restaurant and beach club, the release states.

Bonita Bay Group, based in Bonita Springs, is the developer of six planned communities in Lee and Collier counties.

This is the second Bonita Bay community to reach a resolution on club ownership.

Members of the Club at Mediterra reached an agreement with Bonita Bay Group to purchase the club’s assets for $6.8 million in cash, the company announced Oct. 23.

The agreement calls for the club members to assume the community’s $15 million debt to the bondholders of a community development district set up to build Mediterra’s infrastructure.

Mediterra straddles the Lee and Collier County line, just south of Bonita Beach Road between old U.S. 41 and Livingston Road.

News Press

Search properties in Shadow Wood At The Brooks

Answers remain elusive for homeowners struggling with Chinese-manufactured drywall.

A multi-agency task force could not definitively link the problems homeowners have been reporting to the specific characteristics of Chinese-made drywall, according to results of a 10-home study released Thursday.

The task force is hopeful results from a larger 50-home sampling, whose results will be released next month, will identify a causal link to metal corrosion and upper respiratory irritation symptoms described by nearly 2,000 homeowners in 30 states.

“We hope (the broader test) will help us find that nexus to help us fight the corrosion problem,” said Lori Saltzman, the U.S. Consumer Product Safety Commission’s health sciences director.

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If timing is everything, then completion of the Beach Clubhouse at Miromar Lakes Beach & Golf Club held particular significance to the Fredericks. Miromar Lakes resident Connie Frederick says “it seemed like the Beach Clubhouse was being built just for my daughter’s wedding.”

The Frederick family watched construction progress and a few months after completion, their event took place. That was a little over a year ago. Since then, the Beach Clubhouse has been the site of many holiday celebrations, private family gatherings and a host of community activities.

The Beach Clubhouse is the third and final building in the 39,000-square-foot Beach Club, which is the centerpiece of the community. With architectural flair and amenities that are much more than the typical country club, the Beach Club has garnered numerous best clubhouse awards and it has proven to be a major influence in shaping the social life of residents.

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Lee County property tax bills for 2009 are being mailed out; the county tax collector said all should be in the mail no later than Sunday.  he county offers discounts for early payment: 4 percent in November, 3 percent in December, 2 percent in January and 1 percent in February.   Penalties will be added if payment is made starting April 1.  Information, including payment methods, can be found at the Web site, leetc.com.

Experts navigating through Collier County’s foreclosure crisis painted a picture Wednesday of a long road ahead with a few signs of relief.

“We’re looking at record foreclosures,” said Jeffrey Ahren, one of the founders of Collier County Foreclosure Task Force. “I don’t know that the number is going to decrease any time soon. We’re maybe not yet bottomed out.”

Ahren, speaking at the Greater Naples Chamber of Commerce, said halfway through this year the county was on track to reach 9,000 homes in foreclosure. But he’s hoping a recent month-to-month decline is a positive trend.

In July, the county saw a record 1,100 foreclosures, but the number dropped to 811 in August, Ahren said.

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New home construction is picking up in Southwest Florida while demand is down.

A report by Metrostudy, a national housing research firm, shows the pace of move-ins has slowed, while the inventory of homes is growing.

Finished vacant inventory rose from 703 units in the second quarter to 728 in the third quarter of this year in the Naples and Fort Myers markets, according to the study.

“The increase was completely attributable to townhome inventory,” said Brad Hunter, who directs Metrostudy’s market research operations in Southwest Florida.

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