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 415 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, Scott Hoyt.
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 $6,540 (includes $1260 capital fee) for an individual and $9,240 for an individual and playing spouse, plus $924 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 $15,000.*
Pasatiempo offers a limited number of corporate partner memberships each year. This will enable corporations to provide multiple executives with a place to reward employees with a round of golf or to entertain clients in the setting of a world class golf club. Pasatiempo’s corporate partner membership plan has no restrictions on the number of executives who can participate. There are no initiation fees, no stock to purchase and no food and beverage minimums. If you already use Pasatiempo to entertain clients or reward employees, this plan offers a number of advantages.
Establishing a corporate partner membership for your company is easy. Corporate partners provide Pasatiempo with a $10,000 annual non-refundable deposit, which serves as a credit on your Pasatiempo corporate account for all golf, food and beverage, and merchandise charges. Greens fees and other charges that are made by the corporations approved corporate golfers will be charged to the corporate account and deducted from the $10,000 credit. Once the credit balance has been used for the year, the corporation will be asked to make deposits in $5,000 dollar increments to cover current and future charges.
To establish your corporate membership, contact Pasatiempo General Manager Scott Hoyt at (831) 459-9175 or by email at email@example.com
Corporate members may make tee times during all public hours, but may not play during Pasatiempo’s member hours. These tee times are reserved for full equity members. Greens fees are billed to corporate accounts at the reduced fee of $195 per round. Corporate associate members may not participate in club events and tournaments, and do not enjoy the privileges of full equity membership at the club except where specifically noted. Corporations public or private, as well as LLCs and partnerships, are eligible.