Page 6 - Brochure - Concept Master Plan - Publisher Version

OUR COMPETITION

Bocaire is a unique and intimate community. While we must continue to differentiate our
club from our country club neighbors, we must always be relevant. Below are examples of
clubs which our Professionals have informed us have completed or are in the process of
major renovations:
Mizner
Renovations: Clubhouse, Fitness Center, Casual Dining
Cost: $20M, 2019

Addison Reserve
Renovations: Clubhouse, Fitness Center, Pool, Spa, Casual Dining
Cost: $25M with $6M additional to refurbish kitchen

Delaire
Renovations: Casual Dining/Outdoor and Second Kitchen
Cost: $10M

Frenchman’s Reserve
Renovations: Partial Clubhouse, Fitness Center, Spa, Restaurant
Cost: $18M

Others of note
Gleneagles, $14M
Boca Grove, $11M
Boca Woods, $14.5M
Broken Sound, $30M
Frenchman’s Creek, $50M proposed
Admiral’s Cove, $21.4M
St. Andrews, $25M
Polo Club
Mirasol
IBIS
Old Palm

THE MARKET

The current real estate market in South Florida is incredibly active. Bocaire has a record
low inventory of homes for sale and prices of homes have increased tremendously. While
certainly current market conditions are partially responsible for current increases in home
values, it is clear our investment in the golf course, the patio and the pool has had an
impact on home values. We must address our operational needs as well as market trends
providing for top-notch facilities in order to sustain our home values and continue to
attract active Members to our unique community. Our Members and new home buyers
who are paying over one million dollars for homes in Bocaire expect the highest level
country club experience.

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