Should we join WaterSound Beach Club??
- Thread starter josebby
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Joe's net income last quarter was about 76 million. 200 memberships at $20,000 each would be 4 million, a 5% increase (not huge, but a significant help).
I spoke with someone at Joe who said he thought this was the "initial offer." I'm definitely passing on this membership, I think it will be available in the future with similar or possibly even better terms. Until Watersound North is built (and inhabited) it's going to be deserted, I can't see how they're going to run a restaurant 90% empty for seven years (given the inventory on 30a, that's my guess how long it is before Watersound North is up and running).
If I recall, there was a limited time offer on Camp Creek Golf course as well when that first opened. As far as I know, memberships are still available today. I also thought there were plans for a second golf course, I don't know what happened with that.
St. Joe is not behaving too well since its earnings took a dive.
I spoke with someone at Joe who said he thought this was the "initial offer." I'm definitely passing on this membership, I think it will be available in the future with similar or possibly even better terms. Until Watersound North is built (and inhabited) it's going to be deserted, I can't see how they're going to run a restaurant 90% empty for seven years (given the inventory on 30a, that's my guess how long it is before Watersound North is up and running).
If I recall, there was a limited time offer on Camp Creek Golf course as well when that first opened. As far as I know, memberships are still available today. I also thought there were plans for a second golf course, I don't know what happened with that.
St. Joe is not behaving too well since its earnings took a dive.
Is the Camp Creek package out? I am a homeowner and was told last week that it wouldn't be announced until later in June.
I would love to read the disclaimers on the 85% refundable clause, I had one on a golf course in Atlanta and I got my money back in just over 6 years. Lets see- 0% return on $16,100 for 6 years is ..... 0
Watersound North's only access to the beach, besides public access, will be through the beach club. They hope to sell 1400 homes. I've been told at the realestate office of Watersound North that their cost to join would be less for the homeowner, supplemented by St Joe I think.
Doesn't seem fair to those that bought at Watersound Beach. How many families will be allowed? The pool only holds 154 legally. If you don't have kids, it doesn't seem too pleasant trying to relax poolside with 100 plus kids screaming and running around. The bar also is full of young kids drinking cherry cokes and screaming off the balcony to their friends and parents below. Is there a possibilty of joining for restaurant/bar only? Or tennis only? And what do you think of making the bar an adult only space?
Doesn't seem fair to those that bought at Watersound Beach. How many families will be allowed? The pool only holds 154 legally. If you don't have kids, it doesn't seem too pleasant trying to relax poolside with 100 plus kids screaming and running around. The bar also is full of young kids drinking cherry cokes and screaming off the balcony to their friends and parents below. Is there a possibilty of joining for restaurant/bar only? Or tennis only? And what do you think of making the bar an adult only space?In my opinion the new Beachclub will not make it as it is presently set up. We were just down there & used our free membership. Unescorted kids running around was a big problem, I guess while the parents were poolside not paying attention at all. I also have a big problem with the buildout decision and what it will mean to building. I feel construction of any new houses will cease. The market is so bad now & with so many properties offered why do anything? I think they have shot themselves in the foot with bad decision making here. Anyway, the way this company changes the rules in midstream makes me believe they will do something similiar with the Beachclub. So do you really want to give these guys $20000 & then watch them flip-flop on no telling what?I think rental units may join as an extra for thier property but beyond that I don't see why anyone would take that chance with JOE being the way they are. The sales of the existing properties will continue to be very, very slow without a doubt.
Hi Josebby!
We are joining the beach club just because we like it. We are under construction now Lot #42 on Founder's Lane. We are joining for the pool and amenities.
The restaurant is now open on Friday and Saturday night until September. If they have a great response will be open longer. I got a call today that they are offering free dinner this weekend to try out the new chef!
We decided to because I do think if we ever decide to rent out it will rent better with the club. Also if we sells we think it will sell better.
The Camp Creek golf club membership will include the pool/beach house until their's is complete.
Hope to see you there!
Suzanne
We are joining the beach club just because we like it. We are under construction now Lot #42 on Founder's Lane. We are joining for the pool and amenities.
The restaurant is now open on Friday and Saturday night until September. If they have a great response will be open longer. I got a call today that they are offering free dinner this weekend to try out the new chef!
We decided to because I do think if we ever decide to rent out it will rent better with the club. Also if we sells we think it will sell better.
The Camp Creek golf club membership will include the pool/beach house until their's is complete.
Hope to see you there!
Suzanne
We are going to join too! Can't wait until our family can all come down and enjoy spending time together. We will begin building soon
Seems to me that this is all indicative of the problems with the St. Joe properties.
With a place near Seaside, I can walk over, get a drink, watch the sunset, have dinner, and enjoy the beach.
With a place near Rosemary Beach, I can do the same.
With a place near Watersound, I can't use the restaurant, can't use the bar, and have to sneak by the glass-enclosed security guard and gate to get to the beach. I may even get kicked out for riding my bike through.
Someone should let St. Joe know that there is a nice property, Chateau de Paris, with a nice wall concrete around it available for sale.
With a place near Seaside, I can walk over, get a drink, watch the sunset, have dinner, and enjoy the beach.
With a place near Rosemary Beach, I can do the same.
With a place near Watersound, I can't use the restaurant, can't use the bar, and have to sneak by the glass-enclosed security guard and gate to get to the beach. I may even get kicked out for riding my bike through.
Someone should let St. Joe know that there is a nice property, Chateau de Paris, with a nice wall concrete around it available for sale.
You are right. But for those of use that somehow find the night to go to bud & alleys when all bar stools are full we are looking foward to going to a place we can call our own. As far as sneeking by the glass to go to the gate, I am not sure where you live but I don't have that problem. The more of us that decide to join the club the better position we will be in to dictate what the club will be for us