There are two steps to acquiring golf membership and playing privileges:
(1) purchase a share of stock in Pasatiempo, Inc., and
(2) purchase annual playing privileges, which are available to shareholders only.
Pasatiempo Inc. owns the golf course and its related facilities. Currently, there are 417 outstanding shares that are traded privately. Individual shareholders set the price for the share, and handle all aspects of the negotiation and sale. To get information regarding the price of shares currently for sale contact Pasatiempo’s General Manager, Steve Argo.
Once an agreement has been reached, the Pasatiempo General Manager and Controller assist with the stock transfer.
Only shareholders may purchase an annual golf membership. Currently, the annual fee is $7,952 (includes $2,000 capital fee) for an individual and $10,976 for an individual and playing spouse, plus $1,056 per golfing child.* There are no food & beverage minimums, and members enjoy a discount on all pro shop purchases. Annual members may also participate in any of Pasatiempo's five in-house golf clubs: men’s, seniors, women’s 18 hole, women’s 9 hole, and couples. These clubs host a variety of social functions, as well as golf tournaments locally and abroad.
The seller only pays an administrative fee of $1,000. By comparison, many private clubs and country clubs charge far more, and transfer fees can be up to 50% of the sale price.
New shareholders pay no administrative fees. However, when a shareholder first purchases annual playing privileges, they must pay a one-time new member capital fee of $25,000.*