What’s the most expensive country club membership?
Shanqin Bay Golf Club – Hainan, China | Initiation: Over $1 million. Set along the windswept cliffs of Hainan’s southern coastline, Shanqin Bay is perhaps the most exclusive golf club on earth. With fewer than 50 members, the initiation fee reportedly exceeds $1 million. At Shanqin Bay Golf Club in Hainan, China, the joining fee is said to be $1 million. There are also only said to be around 20 members – now that really is expensive and exclusive.
What are the hidden costs of a country club?
Additional Fees and Charges Many clubs charge for certain activities and services, including cart fees when golfing, tournament fees, and food minimums. It’s important to understand these additional charges as they can significantly impact your total annual financial commitment. The average annual maintenance costs for a golf course in the United States are more than $810,000. This ranges from around $620,000 for a municipal golf course to in excess of $1 million for a private golf course.Sometimes hobbies can take up a lot of money, and golf is one of those if you play often. Playing golf a few times a month can cost around $150 to $300. That’s just for playing, not counting gear or travel. If you play weekly or join a club, you might spend over $1,000 a year just for the rounds.