indianridgeIndian Ridge is an established community of approximately 1,000 homes. That means no surprises and no construction. Unlike many other clubs, Indian Ridge maintains two full 18-hole golf courses. It is important to have enough homes to provide financial support to maintain the facilities, yet keep the courses un-crowded and dues at a reasonable level. Ircc has a cap of 575 golf members and 300-350 social/sports members.

Since the members took over management of Indian Ridge from the developer, it has a history of financial stability. Clubs with fewer houses and fewer members can become very expensive and even financially unsustainable, especially when the developer leaves the community.

 

Ideal Location

With its ideal position within the Coachella Valley, IRCC has a superior location. It is equally close to downtown Palm Desert and La Quinta and convenient to Rancho Mirage and Palm Springs. Importantly, IRCC is close to Route 10 and the airport.

Variety of Homes

IRCC has a wide variety of homes available, from smaller condos to larger freestanding homes. Current prices range from about $400,000 to $2,000,000. Every home is on the golf course and enjoys a fabulous view.

Indian Ridge Country Club

Purchase of a home in IRCC does not require one to purchase any level of membership from the club….However purchase of a club membership provides a special lifestyle. In one location, the homeowner has access to golf on two world-class 18-hole golf courses, tennis, full-service fitness facility, a complete spa, two restaurants and a great outdoor patio with bar menu. Indian Ridge offers a wide range of activities, including duplicate bridge, group bicycle rides, discussion groups, book clubs, art clubs and wine groups. The members of Indian Ridge are friendly, welcoming people, creating a strong sense of community. Membership provides the opportunity to create lifelong relationships.

 

Advantages of Equity Ownership Indian Ridge is a private equity Club: member-owned and member-operated. Most of clubs in the desert are owned by an investment group or a developer. Investor groups are motivated to make a profit and provide a return on investment to shareholders. Developers generally provide services significantly below cost in the interest of selling homes. Eventually, as homes are sold out, dues increase significantly, and the club is usually sold either to members or an outside investor. IRCC went through this turnover seven years ago, and emerged a strong club with committed members.

Selling a Membership

Long golf membership resale lists exist in most residential desert communities. The time it takes to resell a golf membership (if the buyer of your home is not buying it) at IRCC is 3-4 years. The critical point is the dues obligation; at Indian Ridge the obligation to pay dues ends after five years. At the end of five years, if the member chooses to resign, the dues obligation ends. At many high-end clubs, members are obligated for dues until their membership is sold. That can be a significant length of time. A critical issue for membership resale lists relates to memberships owned by the developer or investor owner. In many clubs, the developer or investor owner reserves the right to sell one, two, three or four new memberships before one resale is removed from the sell list and sold. Obviously, this extends the length of time it takes to resell a membership. The bylaws of IRCC state that the Club may not sell any of its unsold memberships until there are no remaining memberships for resale on the list. Finally, Indian Ridge is an equity club. When a membership at Indian Ridge is resold, the member is entitled to a refund of 50 percent of the initiation fee.