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Not even the ultra-rich can get into South Florida's most exclusive country clubs

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Not even the ultra-rich can get into South Florida's most exclusive country clubs


Not even the ultra-rich can get into South Florida’s most exclusive country clubs. Thanks to the influx of high net worth households moving from California, New York, and other wealthy enclaves in recent years, demand for memberships in elite country clubs in Boca Raton, Miami Beach, Jupiter, and Palm Beach has sky-rocketed, area real estate agents say.

So what’s the key to getting off the years-long waitlists? Historically, it’s entailed waiting for a slot to open while ensuring your golf stroke is good enough for these elite clubs. But for individuals feeling impatient, there is another way: tapping into a new wave of luxury golfing communities that are starting to dominate the area social scene. More of these developments are springing up in South Florida to meet the demand of ultra-wealthy transplants who want to socialize with other VCs and CEOs but don’t yet have the clout to join the area’s more traditional clubs.

“The only way for new people to get in the club is if people pass away or the cost continues to increase so much that somebody doesn’t want to be a member anymore,” Devin Kay, a local real estate agent with Douglas Elliman, tells Fortune. “It’s become a gigantic problem for people moving down here.”

Courtesy of Shell Bay

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Admittance to the top spots is invitation-only, and that can be an obstacle for newcomers arriving from distant places like Boston or Chicago. Kay, who is used to closing deals on the green, can help with that. A former pro golfer, Kay is also a member of the storied La Gorce Country Club in Miami Beach and the Shell Bay Club, a new development in Hallandale Beach.

“Joining has become next to impossible,” Kay says of the more traditional country clubs, adding that the newer golf communities “have become tremendously popular now because they give people real estate and get them into the club.”

At the more traditional La Gorce—one of the most exclusive country clubs in South Florida—members must be sponsored by five other current members, and there is a $1 million fee to join, says Kay (the clubs don’t publicly advertise their membership prices), plus a years-long waitlist.

“If you try to join a club now, the list does not go by the order you requested to join. It goes by the order of who they want to get in,” says Gary Pohrer, a former pro-golfer who works alongside Kay at Douglas Elliman. “The waitlist is indefinite unless you meet the right people.”

Meanwhile, buying a property in a new development like Shell Bay, where condos start at $2 million, can get owners on the greens straight away with a discounted membership. Golfers can also pay $1.4 million outright to join (though given the current cap, the club is only accepting new members who buy a residence at this time, Kay says). For most Americans, spending well over a million for a luxury condo or a golf membership is out of the question, but among the hedge fund managers and techies flocking to South Florida, there is no shortage of demand.

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If the membership prices seem steep—most clubs cost in the hundreds of thousands to join, plus yearly dues and minimum spends—they reflect what the ultra wealthy are willing to pay. Many of the top South Florida clubs have doubled or tripled their fees since the pandemic thanks to demand.

For those willing to purchase a condo in one of the new developments, Kay notes they get more for their membership than access to the golf club. In addition to a 9-hole and 18-hole golf course, Shell Bay boasts tennis and pickleball courts, a yacht club with a 48-slip private marina, and a spa. Residents can charter a private helicopter for a fishing trip in the Bahamas. It’s everything the ultra wealthy need all in one place.

The new communities solve one of the ultra-rich’s biggest problems, says Kay. At least until they fill up, too.

Recommended Newsletter: The Fortune Next to Lead newsletter is a must-read for the next generation of C-suite leaders. Every Monday, the newsletter provides the strategies, resources, and expert insight needed to claim the most coveted positions in business. Subscribe now.



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Florida

Former teammate of Ewers, Manning at Longhorns could join Florida Gators through transfer portal

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Former teammate of Ewers, Manning at Longhorns could join Florida Gators through transfer portal


The transfer portal continues to generate moves in the NCAAF, even now during crucial moments for the season’s conclusion. The Texas Longhorns, led by Steve Sarkisian, surprisingly lost one of their WRs this fall, who was a key piece alongside Quinn Ewers and Arch Manning. All signs point to his destination finally being Gainesville, where he would join Billy Napier’s Florida Gators.

Johntay Cook arrived at Texas in 2023 from DeSoto High School and, during his time with the Longhorns, became an important player on the offense. However, surprisingly, he decided to leave the program and, after several meetings, could end up with the Gators to help DJ Lagway have a great campaign next season.

The news was reported by Pete Nakos on On3’s, who made it clear that while nothing is confirmed, all signs point to Cook continuing in the SEC next year, specifically wearing the Florida Gators’ jersey.

“Coming off trips to Florida and Washington, the momentum sits with the Gators as Johntay Cook was able to spend one-on-one time with true freshman star DJ Lagway,” Nakos said. “I’ve logged a prediction for Cook to land in Gainesville.”

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Johntay Cook II 1 of the Texas Longhorns warming up before the game vs the UL Monroe Warhawks at DKR-Memorial Stadium.

Cook ends his Longhorns career with just 16 catches for 273 yards and two touchdowns across two seasons. If his move to the Gators is confirmed, the WR will face his former team on October 4, 2025, in Gainesville.

NCAAF News: Jalen Milroe weapon leaves Kalen DeBoer’s Alabama for Michigan

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Sarkisian doesn’t want to repeat mistakes in the matchup against Arizona State

On January 1st, the team lead by Quinn Ewers will face the Arizona State Sun Devils in a Peach Bowl matchup. In this high-stakes game, head coach Steve Sarkisian knows they must minimize the margin for error following their recent games against Georgia and Clemson.

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“We had a real come to Jesus meeting after the SEC Championship game when we essentially lost that game because of the penalties,” Sarkisian said to the press. “We just said we’re not going to do that anymore, and we’re going to play as clean football as we can play, as fundamentally-sound football as we can play. Still be aggressive. We never want to lose our stinger, we never want to lose our aggressiveness, but we can play smarter.

“I critiqued one of the penalties that we got today, you can’t hit the quarterback late, and that was one of our two penalties Saturday,” Sarkisian said. “So we are continually trying to preach playing smarter football as well as playing hard and playing tough and playing physical. But quite frankly, that just came out of a come to Jesus meeting coming out of the SEC championship game.”

Texas Longhorns

Texas head coach Steve Sarkisian looks on during the first half of the college football game between the Texas A&M Aggies and the Texas Longhorns on November 30, 2024 in College Station, Texas.Texas head coach Steve Sarkisian looks on during the first half of the college football game between the Texas A&M Aggies and the Texas Longhorns on November 30, 2024 in College Station, Texas.

Zac Swanson seeks redemption against the Horns

When the Longhorns face the Sun Devils on January 1st, they will see many familiar faces on the opposing team. One of them is none other than Zac Swanson, who once wore the Texas colors and left the program under unfavorable circumstances.

When asked about the situation where Swanson will face his former team, he didn’t hold back in his response: “That’s my dream…That’s a team that kicked me out,” Swanson said. “They said if you want to stay at Texas, you might as well quit football and just go to school here. So, a lot of motivation there for me.”

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Rather than wanting to confront, Sarkisian spoke to the press and expressed his happiness that his former players could be part of this great game: “For them to be in the quarterfinals of the CFP, I’m really happy for those guys,” Sarkisian said. “Our players were talking about it today, so and so, you know that name started popping up again today. I do think that’s the era of college football where we’re at now.”





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Florida

South Florida rings in Christmas with 5OT win in Hawaii Bowl

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South Florida rings in Christmas with 5OT win in Hawaii Bowl


A very merry Christmas to South Florida. (Photo by Darryl Oumi/Getty Image

Twas the night before Christmas, when all through the house
Not a creature was stirring, not even a mouse;
The stockings were hung by the chimney with care
As South Florida won the Hawaii Bowl by a hair.

As much of the nation’s children were sleeping with dreams of Santa, the Bulls were winning one of the wildest games of bowl season, a five-overtime, 41-39 thriller over San José State in the Hawaii Bowl. It was the NCAA’s first bowl or postseason game to go more than three overtimes.

The game nearly ended in a back-and-forth regulation, however, as South Florida got the ball back with less than a minute left and down by three points. A good punt return and pair of first downs got them into field goal territory, at which point kicker John Cannon got a charitable bounce to tie the game.

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Overtime then developed into a classic college football shootout, with the teams exchanging touchdowns, then field goals, then two-point conversions, then failed two-point conversions. With each set of plays, the game inched toward midnight ET, until it was finally Christmas for much of the country.

The game ended a half-hour later, when USF converted its two-point attempt and got the stop it needed.

USF got the win despite being outgained 441-291 and gaining only 1.6 yards per rush. Its biggest plays came on special teams and defense, including a 93-yard kick return touchdown by Ta’Ron Keith. USF quarterback Bryce Archie finished 24-of-34 with 235 passing yards and an interception.

It was the kind of game designed for the people who want to spend the final hours of Christmas Eve cheering for a tug-of-war between two Group of 5 programs. The win gives South Florida back-to-back winning seasons and bowl wins, having gone 7-6 last year with a win in the Boca Raton Bowl.



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Florida

1 killed, several injured in Florida boat explosion

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1 killed, several injured in Florida boat explosion


1 killed, several injured in Florida boat explosion – CBS News

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At least one person was killed and six others injured when a boat exploded in a marina in Fort Lauderdale, Florida. Three people suffered traumatic injuries. Cristian Benavides reports.

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