What You Need to Know About
The Founders Club
Mark Wilson, President & CEO of London Bay Homes
During a recent conversation with a group of Sarasota-area Realtors, I was asked to share an update on all the great news at The Founders Club. I’d like to take this opportunity to provide the same information to all area Realtors.
Q: What is the activity level at The Founders Club?
A: There is a good deal of sales and construction activity at The Founders Club. We just passed the halfway point in the community. More than 50 percent of the 262 home sites now have completed homes. And, in addition to the completed homes, there are 10 new homes in the permitting process or already under construction. Our customer traffic in the sales center for 2013 has doubled compared to last year. We are pleased with the growing momentum.
Q: What is the financial status of the club and the community association?
A: Both the club and the community association are stable and financially solid. They are professionally managed and governed by member and homeowner boards. Association and club staff deliver an outstanding experience while running efficient, customer-oriented operations. Last year, the club added 70 new members.
I would add that London Bay is quite solid, also. We are a privately owned company in business for more than 25 years, and we have no debt on our Founders Club land holdings. So we have the luxury to be patient operators focusing on building exceptional homes and completing this fine community.
Q: What is London Bay’s role in the community?
A: We own about one-third of the homesites in the community. We produce the community marketing and public relations programs, and we manage the on-site sales effort at The Founders Club Sales Gallery. Our professional team is on site every day. And London Bay officers serve on the boards of both the club and the community association. We are fully committed.
Q: What is most special about The Founders Club?
A: Our amazing views are quite unique. There are no back-to-back homes, and every homesite has amazing golf, lake or preserve views that your customers will love. In many cases, the views are double or triple fairways. They are simply incomparable.
Q: What is most surprising about The Founders Club?
A: Two things: The first is social and the second is financial.
At the social level, our owners and members enjoy a great level of friendliness and connectivity. It’s an open, active and friendly group! I think it relates to the intimacy of the community. With only 262 planned homes, it’s easy to feel connected to your neighbors.
At the financial level, many customers are surprised to learn that there is no Community Development District (CDD) at The Founders Club. This means there is no additional layer of CDD debt service or operating assessment on the real estate tax bill.
Q: Why should I bring my clients to The Founders Club?
A: Our sales staff is very knowledgeable and will take exceptional care of both you and your clients. We can help with our maintenance-free Cottage Homes in the high $600s all the way up to custom Estate Homes for more than $3 million.
Plus – in addition to customary commission – we are currently offering a $10,000 Realtor bonus for qualified sales.
We are less than three miles east of I-75, so we’re close to all that Sarasota has to offer, with a Sarasota address. There are only 262 homesites and more than 700 acres in our community – so it’s intimate, with plenty of room to enjoy an active Florida lifestyle. Our furnished models are open daily.
I invite you to visit The Founders Club again, or for the first time, and see why we felt so strongly about this community three years ago, when we bought it.
Visit us at FoundersLuxury.com or call 941.378.0900.
For more information about London Bay Homes and our award-winning history of creating homes in Southwest Florida, visit LondonBay.com or call 866.920.1754.
