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 approximately 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.
When an agreement has been reached, the Pasatiempo General Manager assists with the stock transfer.
Only shareholders may purchase an annual golf membership. Currently, the annual fee is $7,440 (includes $1,800 capital fee) for an individual and $10,320 for an individual and playing spouse, plus $1020 per golfing child.* These listed fees are if you elect to pay your dues monthly, there are substantial savings for paying upfront and there are no food & beverage minimums. 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 share seller only pays an administrative fee of $1000. By comparison, many private golf and country clubs charge far more. Transfer fees of up to 50% of the sale price are common.
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 $22,500.*