When Bonita Bay Club members returned to their winter homes this season, they discovered their 2,400-acre community sported a new look, with a revamped clubhouse, tennis facilities and more.[...] Read More
The Florida Attorney General’s Office today amended its complaint against Bonita Bay Group to provide more details in allegations of deceptive and unfair trade practices.[...] Read More
What’s been selling in Bonita Springs Florida Waterfront Properties? See our March Sales Report that includes all sold properties, average days on market, average sale price and more. Also see year to date sales, sales trends and more…BONITA SPRINGS WATERFRONT PROPERTIES MARCH SALES REPORTS[...] Read More
What’s been selling in Bonita Beach & Barefoot Beach Florida. See our March Sales Report that includes all sold properties, average days on market, average sale price and more. Also see year to date sales, sales trends and more…BONITA BEACH AND BAREFOOT BEACH MARCH SALES REPORT[...] Read More
Attorney General Bill McCollum today announced that his office has filed a civil lawsuit against high-end, Bonita Springs-based developer the Bonita Bay Group — alleging that the company took hundreds of thousands of dollars in “membership fees” to country clubs, marinas and other social establishments, but failed to provide the promised refunds.
The lawsuit alleges that despite demands, Bonita Bay Group has not refunded membership deposits to approximately 800 resigned members and may owe over $215 million in un-returned membership deposits, according to a release this afternoon.
The lawsuit states that an integral part of Bonita Bay Group’s marketing strategy is the marketing of club memberships with the written representation that a member’s “deposit,” which ranged from $25,000 to $180,000, would be immediately refunded within 30 days of a member’s resignation.
The members of Shadow Wood Country Club and The Commons Club at The Brooks in Estero on Friday completed the purchase of their clubs’ assets for a combined $8.25 million, according to a statement released Friday by the Bonita Bay Group.[...] Read More
2009 was a turbulent time for real estate in Lee County, with home values drastically falling before stabilizing in the fall as buyers entered the market with a vengeance, drawn by fire-sale prices. Meanwhile, the commercial market — long seen as more solid than residential — started to show cracks late in the year as even major players went into foreclosure and vacancy rates soared.
Here’s what experts say is in store for 2010:
The Bonita Bay Club Turnover Committee and Bonita Bay Group today reached an agreement in principle for the members of the club to purchase the club assets for a total of $12 million, including contributions of $11.5 million from the members of the new club, according to a statement released today by the company.
The foreclosure rate in Lee County in November slowed to levels last seen more than two years ago as the real estate boom’s glut of heavily financed, inexpensive homes finally burns itself out.[...] Read More
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.