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Private Golf Community, Palm Beach Gardens
Approximately 300 estate homes surrounding a Raymond Floyd championship course in Palm Beach Gardens. Estates range from 3,400 to over 13,000 square feet on lots up to nearly three acres. A $350,000 equity membership is required with every purchase.
Market Intelligence
Closed sales in the selected window, grouped by price tier. For median price and price per square foot, the green or
red figure is the change from the same window one year earlier.
Data as of July 13, 2026
Closed sales, Beaches MLS. Tiers with fewer than three sales show counts only.
The Community
Old Palm Golf Club is an ultra-luxury estate community in Palm Beach Gardens, built around a Raymond Floyd designed course with membership included in ownership. Small, private, and estate-focused, it is one of the area’s premier golf-estate addresses.
Two things define the community. The first is its golf and its membership structure. The Raymond Floyd course sits at the center, and membership is tied to the property rather than sold separately, a distinctive and buyer-friendly arrangement. The second is its estate character. Old Palm is a community of substantial custom estates on generous lots, with a renowned practice and instruction facility, oriented entirely to golf at the highest level.
| Setting | Gated golf-estate community in Palm Beach Gardens |
|---|---|
| Total Homes | ~300 Estates |
| Home Sizes | 3,400 to 13,000+ SF |
| Golf | A Raymond Floyd designed course |
| Membership | Included with property ownership |
| How It Trades | Estate-driven, limited supply, closely held |
Old Palm was developed as a small, high-end golf-estate community rather than a large amenity club, centered on its Raymond Floyd course. Membership is included with ownership, which simplifies the path for a buyer and distinguishes it from communities with separate initiation. The community is estate-scaled and golf-focused throughout.
Holding roughly three hundred estates, Old Palm is intentionally intimate for a club of its caliber, which keeps the course uncrowded and the community closely knit. The arrangement that ties membership to the property is a genuine point of difference in a market where buyers at neighboring clubs often navigate separate initiation, waitlists, and approval processes, and it means a purchase here delivers the golf and the home as a single package. Within Palm Beach Gardens, a corridor known for its concentration of elite golf communities, Old Palm sits firmly at the estate end of that spectrum, drawing owners who want serious golf paired with the privacy and scale of a large custom home.
The Raymond Floyd course anchors the community, supported by a clubhouse and a renowned practice and instruction facility that draws serious golfers. With membership tied to ownership and a limited number of homes, the golf experience is uncrowded and personal. The club is organized around the game at a high level.
The practice and instruction facility is a defining feature rather than an afterthought, giving members the range, short-game areas, and teaching resources to genuinely work on their games, which is a large part of why Old Palm appeals to golfers who take the sport seriously. With membership limited to the small pool of estate owners, tee sheets stay open and rounds move at an unhurried pace, so members can play on their own schedule rather than around a crowd. The overall effect is a club that feels private and personal in a way larger, more heavily membered communities cannot easily match, and the game sits at the center of daily life here.
Homes are substantial custom estates on generous lots, set within a fully gated and staffed community. The architecture is high-end and oriented to the golf and lake settings. Low density and consistent standards keep the community polished and private.
Estates here range from the mid thousands of square feet well past ten thousand, so the community holds substantial custom homes throughout rather than a mix of scales, and each is set on a generous lot with room and privacy between neighbors. Many are positioned to take in golf and lake views, and the prevailing standard of architecture and finish is high across the community rather than concentrated in a few showpieces. Full gating and staffing support that estate character day to day, and the combination of low density, consistent quality, and a small owner base gives Old Palm a settled, discreet feel that owners tend to hold onto for the long term.
With a limited number of estates and membership included in ownership, Old Palm is an estate-driven, closely held market. The finest course and lake positions are closely watched. Understanding the community means knowing its estates individually and how the included membership factors into value.
Side by side
Market data is pulled live from the MLS on a trailing twelve-month basis, across all property types. Community details below are reference.
View All Private Clubs →Common Questions
As of early 2026, estate homes trade from approximately $3 million to over $20 million. No sale has closed below $3 million since 2021. The trailing-12-month median sale price is $5.05 million at a median $1,131 per square foot. These figures reflect home prices only; the required $350,000 equity membership is paid separately to the club. Homes in the $3M to $5M range are typically 3,400 to 6,500 square feet and built between 2003 and 2015 with original or partially updated finishes. The $5M to $10M band represents the most active segment (30 post-2022 sales at a median $1,200 per square foot), covering 4,200 to 9,400 square feet with golf course frontage or premium lot positions. The $10M+ tier consists of custom estates of 7,000 to 13,500+ square feet on Tillinghast Circle and other premier locations, with 11 post-2022 sales at a median $1,474 per square foot.
Old Palm requires every buyer to purchase an equity membership directly from the club, paid outside of the real estate closing. The current fee is $350,000 as of early 2026. This is structured as an equity purchase rather than a non-refundable initiation fee, though buyers should confirm the specific refund terms, transfer mechanics, and any installment options directly with the club. The fee has risen significantly: $175,000 through early 2022, $285,000 through 2023, and $350,000 from 2024 onward. In dollar terms, the fee is comparable to Loxahatchee Club ($350,000 to $400,000) and substantially higher than Mirasol ($75,000 to $125,000). The critical distinction is whether Old Palm’s equity structure allows partial or full recovery on resale, which would differentiate it from a sunk-cost initiation fee. This is a question to resolve with the club before any offer.
Median price per square foot has moved from approximately $528 in 2020 to $1,131 in the trailing 12 months through January 2026, roughly doubling in five years. The community’s record sale was $22.5 million for a 9,655-square-foot estate on Tillinghast Circle in July 2022, closing at $2,330 per square foot. Post-2022 volume totals $431 million across 60 closed transactions. The 2024 to early 2026 period has maintained a median of approximately $1,121 per square foot across 36 sales.
The trailing 12 months through January 2026 produced 17 closed sales totaling $100.6 million. Calendar 2025 recorded 19 sales. Annual volume has ranged from 8 transactions (2023) to 56 (2021, which reflected the post-COVID surge). Active inventory typically runs between four and eight listings at any given time. Overall median days on market for post-2022 sales is 75, though the range is wide: some properties transact pre-MLS in under two weeks, while overpriced listings can sit for six months or more.
Mirasol offers two Tom Fazio courses for approximately 650 homes with a broader price range ($1M to $8M) and a lower initiation fee ($75,000 to $125,000). It is significantly larger and includes a wider variety of product types. Loxahatchee Club is the closest comparison in scale (~270 homes), price ($2M to $12M), and membership cost ($350,000 to $400,000), with a Jack Nicklaus course. The key difference is membership structure: Old Palm’s fee is structured as equity, while Loxahatchee’s is typically an initiation fee. Buyers should confirm whether this distinction affects resale recovery. Bears Club is invitation-only on 488 gated acres with approximately 68 estate lots, operating at a higher price floor and exclusivity level. Total cost of entry at each community should be compared on an apples-to-apples basis: home price, membership fee, and annual dues combined. For a broader view, see our Palm Beach County golf community listings.
Monthly HOA for 2024 and 2025 sales has ranged from approximately $1,274 to $2,758, with a median of roughly $2,092 per month (approximately $25,000 per year at the median). The wide range reflects differences in lot size, home size, and any special assessments attached to specific properties. Annual club dues are billed separately and cover course maintenance, facility operations, and member programming; the club does not publish these figures publicly. Together with the $350,000 equity membership, these recurring and upfront costs should be modeled as part of the total carrying cost before making an offer.
Raymond Floyd, winner of four major championships: the 1976 Masters, the 1986 U.S. Open, and the 1969 and 1982 PGA Championships. Floyd’s playing career spanned from 1963 to 2010, including 22 PGA Tour wins. The course routes through a preserved greenbelt and wildlife corridor, creating natural separation between fairways and residential lots.
Three things to confirm before any offer. First, wind insurance: all homes were built between 2003 and 2023 under the post-Hurricane Andrew Florida Building Code, which generally qualifies for more favorable rates, but roof age is the primary variable. Ask for quotes assuming current roof condition and a separate quote assuming a roof replacement at closing. Second, flood insurance: lot elevation varies within the community, and some lots may fall in higher-risk FEMA zones. Confirm the flood zone designation for the specific property. Third, for homes built before 2010, ask whether any systems (electrical, plumbing, HVAC) have been updated since original construction, as carriers increasingly factor system age into underwriting.
Florida’s homestead exemption caps assessed value increases at 3% per year under Save Our Homes. On a $5M to $10M property, this produces substantial savings over a multi-year hold. Seasonal buyers who do not declare homestead are reassessed at full market value annually. For a $6M home with 3% annual appreciation, the gap between homesteaded and non-homesteaded tax bills widens significantly after just two or three years. This is one of the most underappreciated cost differences for out-of-state buyers evaluating Old Palm as a seasonal residence.
Homes in the $3M to $5M tier are predominantly 2003 to 2006 construction with original or lightly updated finishes. Kitchens, bathrooms, flooring, and mechanical systems in these homes are 20+ years old. Buyers acquiring in this tier should budget for a significant renovation to bring the home to the standard of updated estates trading in the $5M to $7M range. Scope typically includes kitchen and bath remodels, impact window and door upgrades where not already installed, HVAC replacement, pool resurfacing, and landscape refresh. Whole-house generators are standard in higher-priced estates but may need to be added to earlier builds. Buyers should factor renovation cost into their total acquisition budget when comparing an original-condition $3.5M home against a renovated $5.5M home, as the gap often narrows once the renovation is complete.
Old Palm’s governing documents include restrictions in several categories. Pets are allowed but subject to restrictions that should be confirmed with the HOA, particularly for larger breeds or multiple animals. Commercial vehicles, trucks, and recreational vehicles are prohibited from being stored or parked on residential lots. Leasing is restricted: specific terms, including minimum lease duration, frequency limits, and board approval requirements, should be confirmed before purchase. Leasing restrictions are particularly relevant for buyers who do not plan to occupy the property year-round, as the restrictions combined with non-homestead tax treatment can significantly affect the carrying cost of a seasonal residence. Request the current governing documents and any recent amendments from the HOA or your advisor before making an offer.
Old Palm maintains an architectural review committee that must approve all exterior modifications, additions, and new construction. Buyers planning significant renovations should factor the approval timeline into their project schedule. Review typically covers exterior materials, colors, landscaping changes, hardscape additions (pools, patios, driveways), and any changes visible from the street or golf course. The committee’s standards are designed to maintain visual consistency across the community. For interior-only renovations, confirm whether any permitting or HOA notification is required, particularly for work that involves structural changes, electrical panel upgrades, or plumbing relocation. Your advisor can provide guidance on typical approval timelines and the scope of recent renovation projects within the community.
Sixty transactions totaling $431 million since 2022, with a trailing-12-month median of $5.05 million. We'll walk you through the community, the equity membership structure, and bring you opportunities that match your criteria.
