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I NTRODUCTION 1 Location 2 Lake Nona Golf & Country Club 3 Amenities 4 Lake Nona Region 5 Tavistock Group, The Developer PURCHASE PROCESS

7 How to Purchase 9 Mortgage 12 Purchase Costs OWNERSHIP

13 Fees and Dues 14 Custom Building Process

Lake Nona Golf & Country Club is nestled amidst a canopy of tall oaks, pines and cypress trees,










bordered by over 1,000 acres of sparkling lakes. Central to all that Orlando has to offer, Lake Nona is enhanced by new world-class education, wellness and recreational amenities. With homes ranging from $1 to over $7 million, there is no other place like it in Central Florida. Conveniently several





minutes Lake












Airport to


and major

highways within the area, making it easy to travel within the Central Florida area. The downtown Orlando entertainment district, charming Winter Park shopping area, major attractions like Disney World, Universal Studios, and East Coast beaches are all w i t h i n a 30-minute drive.

HOW FAR IS LAKE NONA FROM THE AIRPORT? Lake Nona is a 15 minute drive from Orlando International Airport.

HOW EASY IS IT TO GET FLIGHTS TO ORLANDO? Orlando is one of the most accessible cities in Florida with up to 28 direct flights a week. Both Virgin Atlantic and British Airways fly direct daily from London and Manchester.

 Tu r





N To Beaches

Lake Nona Golf & Country Club

I- Science & Technology Park

To Tampa


 Orlando International Airport

e sse


rc Na


Lake Nona Town Center


W H AT I S L A K E N O N A G O L F & C O U N T R Y C L U B ? Recognized by Travel & Leisure Golf (a top U.S. magazine) as one of the top 15 golf communities in the US, Lake Nona Golf & Country Club is a gated, 600-acre, private residential community with a breathtaking Tom Fazio-designed 18-hole championship golf course nestled alongside Lake Nona, Buck Lake and Red Lake. Lake Nona provides a host of amenities for the entire family. In addition to the golf course and 1,000 acres of pristine lakes, there is a grand Clubhouse with multiple dining options, an 18-room Guest Lodge, a Bath & Racquet Club, fitness center designed by certified trainers and endless miles of paved paths for walking, jogging and biking. The community boasts a splendid array of neighborhoods and residences priced from $1 million to over $7 million. The residences range from maintenance-free coach homes to single family estate homes. The club is the cornerstone for the entire Lake Nona Region, a 7,000acre master-planned community that will be home to world-class education, medical and recreational facilities, a science and technology park, diverse work spaces, retail centers, entertainment choices and numerous residential options. The Lake Nona Region and Lake Nona Golf & Country Club are all being developed by Tavistock Group.


W H AT A M E N I T I E S A R E A T L A K E N O N A G O L F & C O U N T R Y C L U B ? •

40,000-square-foot Neo-Georgian-style Clubhouse

Golf Professional Shop

Casual and Formal Dining Rooms

Grill Room & Lounge

Men’s and Ladies’ Locker Room

Men’s Card Room

Conference Room

An 18-room private guest lodge offers members and their guests elegant and comfortable accommodations.

The Bath & Racquet Club offers fitness and tennis plus a resort-style pool complex and kids playground.

Fun activities for children are organized by our Kidz Klub Director and offered year-round.

Our Head Golf Pro and Head Tennis Pro are among the best in the U.S. and available for lessons.

A trio of waterways – Lake Nona, Buck Lake and Red Lake – offer outstanding water-based recreation including freshwater fishing and boating.

A R E T H E R E D E S I G N AT E D S C H O O L S I T E S I N T H E L A K E N O N A REGION? Yes, Lake Nona currently has one completed elementary school located within a 2 minute drive from the Lake Nona Golf & Country Club entrance. NorthLake Park Community School, which has received an “A” rating from the Florida Department of Education and has been designated a higher learning facility. NorthLake Park Community School has consistently been rated in the top 5% of all elementary schools in Orange County, Florida. The school has also won the prestigious ULI Award of Excellence, which is an international award recognizing best practices in development. Lake Nona has designated property for future development of two additional elementary schools and one middle school. A new Orange County public middle and high school are currently in planning and development.



Lake Nona is a thoughtfully designed 7,000-acre masterplanned community within the city limits of Orlando.

T he







residences, 7 million square feet of commercial space and 2,250 hotel rooms. •

L ocated only 15 minutes from a world-class international airport, 20 minutes to downtown, and 30 minutes from Florida’s beautiful east coast beaches.

T he centerpiece of the community is a state-of-the-art Science & Technology Park that will be anchored by the University of Central Florida College of Medicine and the renowned Burnham Institute of Medical Research.

T he Nemours Foundation announced it is planning for the development of its proposed children’s healthcare campus, featuring a top-tier specialty pediatric hospital, at Lake Nona.

T he Lake Nona Town Center plans call for an upscale openair regional mall encompassing more than 1.5 million square feet of retail space.

O ver 40 percent of the Lake Nona master plan has been reserved for open space and lakes.

W hen complete, 44 miles of linked multi-purpose trails, equestrian trails, and bike lanes will meander throughout the community.

L ake Nona has partnered with Audubon of Florida in a multiyear sponsorship agreement focused on the groups’ mutual commitment to preserve the environment.



WHO IS THE DEVELOPER? Tavistock Group ( is a private investment company founded by Joe Lewis. The company has grown to encompass a broad portfolio around the world, including life sciences, sports teams (Tottenham Hotspur Football Club) and sporting events (The Tavistock Cup), manufacturing (Bristol Motor Cars) and distribution (Puma, Gottex, Vans), oil and gas, financial services, restaurants (California Café, Napa Valley Grille), private luxury residential properties and master-planned real estate developments. Prestigious club communities include Isleworth and Lake Nona Golf & Country Club. Tavistock Group and its partners, Tiger Woods and Ernie Els, have recently broken ground on Albany Golf & Beach Club, a luxury resort-style community on the island of New Providence in The Bahamas. Tavistock Group also announced its partnership with the Jamaican government’s Harmonisation Ltd. to jointly plan and develop 2,200 oceanfront acres on the country’s northern coast in Trelawny Parish. Harmony Cove will be Jamaica’s newest resort city destination conveniently located 30 minutes from Montego Bay and Ocho Rios.

W H AT L E G A L O W N E R S H I P D O E S I T H A V E ? Lake Nona Golf & Country Club is a developer-owned club. Many clubs in the US are equity (member) owned clubs. The advantages to a developer-owned club include ongoing capital improvements that are absorbed by the developer and not the individual members. Tavistock Group’s commitment to Lake Nona Golf & Country Club is long-term in nature as it continues to develop the entire region.



HOW DO I PURCHASE PROPERTY OR A RESIDENCE? Contact Paula Cox, Jodi Emrick or Cathy Williams at Lake Nona Realty:

Tel: +1 407 851 9091 E-mail: Lake Nona residential offerings, details of the development and home guide prices are available through the above agents and via the website ( PURCHASE PROCEDURE AND EXCHANGE OF CONTRACTS

The purchase procedure and exchange of contracts varies slightly between new homes, spec homes, resale homes and developer lots. However, in general, once the buyer is ready to purchase at the agreed price, the buyer will be presented with a contract and required to supply approximately 10% of the purchase price as a deposit with the possibility of additional deposits required by some of our new home builders.



C A N I O B TA I N A M O R T G A G E T O A S S I S T I N T H E P U R C H A S E O F MY PROPERTY? If purchasers wish to discuss the structuring of their purchase, we can recommend the following mortgage specialists who are familiar with Lake Nona: LAKE NONA US MORTGAGE RECOMMENDATIONS:

1) Kyle Stewart, CitiMortgage Inc, office: +1 (561) 702-1421 2) Mark Phillips, Island Capital Mortgage, office: +1 (321) 356-6439

W H AT A R E T H E G E N E R A L T E R M S O F T H E M O R T G A G E PACKAGE? U.S. mortgage loans are up to a maximum of 80% loan-to-value, either interest only or with a maximum repayment term of up to 30 years. The interest rate is either fixed or linked to various indexes in the US or the Dollar’s London Interbank rate in the UK, determined by the loan program selected.

W H AT F E E S A R E I N V O LV E D ? Mortgage Broker fees may vary, but usually range from 0% - 2% of the loan as an origination fee. A bank may charge up to 1% of the loan as their origination fee. Also, depending on the loan program selected, there may be percentage points (0 to 2%) charged on the mortgage amount. Legal fees will be set by the appointed lawyer for the work required to formalize the mortgage. Valuation and appraisal fees, as a formal valuation on the property, will be required by the mortgage provider.

H OW D O W E K NOW I F W E W ILL Q UALIFY? Please contact one of our mortgage advisors with some basic information and you will be given a quick answer in principle. If the response is positive then the application papers will be collated and submitted to lender.


HOW LONG DOES THE WHOLE PROCESS TAKE? Once an application is formally submitted, a commitment letter should be possible within two weeks and then the legal process should take approximately 6-8 weeks to complete.

W H AT A R E T H E C O S T S I N V O LV E D W H E N P U R C H A S I N G A PROPERTY AT LAKE NONA? Apart from the funds required for purchase, there are a few other costs to consider: TRANSFER TAX AND STAMP DUTY (See ‘Purchase Costs’ on Page 1)

None; as mentioned previously, the purchaser does not pay any purchase tax or stamp duty. LEGAL FEES

Each purchaser must pay their own legal costs upon purchase. Please obtain a quote from one of the recommended lawyers.


Clients have previously used the following providers for home insurance, however this list does not constitute a formal recommendation. A) Allyson Olver

C) Michael Tomlin

Florida Insurance Specialist, LLC. Agent Jason James E-mail:

Tel: +1 (321) 832-1960

Tel: +1 246 426 1442

Fax: +1 (321) 832-0840


CGM Gallagher E-mail:

B) Kathy Beck

D) Dawn Lewis

Sihle Insurance Agency

J. Rolfe Davis Insurance

850 Concourse Parkway South, Ste 200

Tel: +1 (407) 389-3559

Maitland, FL 32751

Fax: (407) 869-1012

Tel: (407) 691-9500

Fax: (407) 691-9620





Buyer Closing Costs/Completion Costs

* Approx. 2% of purchase price

Legal Fee

As per private agreement

Home Owners Association (HOA) Initiation fee



US $1,445 quarterly ($5,780 annually)

Homeowners Insurance

Approx. 0.5% or less of purchase price annually

Property Taxes

Approx. 1.6% of purchase price paid annually


5-7% negotiated with realtor

Closing Costs/Completion Costs

* 1.5-2%

Transfer Tax


Doc. Stamps

Included in Buyer’s Closing Cost estimate above

G O L F & C O U N T RY C L U B C O S T S Initiation Fee

Subject to membership approval by the Club

US $65,000 (waived on most new home purchases),

plus 6.5% sales tax and $500 initiation fee


US $13,350 annual, plus 6.5% sales tax

* Costs include, but are not limited to, Recording Deed & Mortgage, Mortgage Title Insurance, Credit Reports, Document Preparation Fees, Mortgage Application Fee, Survey, Appraisal, Inspection(s), and Home Warranty.



Each purchaser will be liable for payment of an annual service charge, currently US $1,445 quarterly, that covers certain common costs, which include the following: Landscape maintenance of all common areas Security, including 24-hour gate and grounds coverage Cable television Pond and fountain maintenance Sidewalks Light poles and electricity Road resurfacing The service charge is the same for all homeowners and residents except for Coach Home residents, which have an additional annual assessment to cover exterior maintenance. HOUSEHOLD BILLS

The owners of a property will be responsible for all household bills including repairs, utilities other than television (water, gas, electricity, and telephone), and individual home landscape maintenance. LAKE NONA GOLF & COUNTRY CLUB

Subject to approval by the Club, Lake Nona Golf & Country Club requires an initiation fee and annual dues payment. Currently, the initiation fee is $65,000 and the annual dues payment is $13,350 plus tax. Beyond the annual dues, there are standard food minimums, guest fees, cart fees, etc. Many times, the purchase of a new home includes an initiation fee waiver; however, buying a home still requires new residents to go through the formal membership application process.

HOW CAN I SELL MY PROPERTY? Upon completion of purchase, the owner will have full title, and therefore the full right to utilize the property and occupy it. The owner is therefore free to dispose of it as he/she wishes, hand it on to family as a gift or sell it. While not obligated, most owners will use a Real Estate Agent based at Lake Nona. CAPITAL GAINS TAX

International Sellers are subject to a 10% withholding fee of the sale price to cover any potential U.S. income tax liabilities from the transaction. The seller will file a return after the closing to determine the actual tax liability. Always seek specialist independent tax advice.


A R E T H E S T R E E T S P R I V AT E ? The streets are private and are required to meet the City of Orlando’s design guidelines, all of which have passed their field inspections. A fully staffed gatehouse is operational 24 hours a day.

I F I B U Y A L O T, A R E T H E R E Q U A L I F I E D C U S T O M B U I L D E R S ? Yes, only builders with a commitment to perpetuating quality craftsmanship and a design integrity that compliments the area’s breathtaking natural beauty are invited to be among the select group of master designers showcased at Lake Nona Golf & Country Club. Akers Custom Homes, Cahill, ISSA Homes, Kamenoff – Hughes Custom Homes, Maroon Fine Homes, Pellegrini Custom Homes, and Menaker Development/Jetco Construction.

W H AT I S A N I M P R O V E M E N T C O M M I S S I O N ? An Improvement Commission is a fee that provides for the marketing and promotion of the community. An Improvement Commission is applied when a custom home is constructed by an approved builder or when an existing home is expanded to increase the interior living space within seven (7) years of initial occupancy. The Improvement Commission is calculated by multiplying the total home construction or expansion costs by 7.5%.

C AN I C USTOMIZE M Y P ROPERTY? Once the purchase is completed, owners can treat the interior of their property as they wish for residential purposes. However, any exterior changes would require the approval from the Lake Nona Design Review Committee.

ARE THERE ARCHITECTURAL CONTROLS? Yes, a detailed design manual will be provided by the Homeowner’s Association. This manual is designed to protect the homeowners and to ensure that the architectural integrity of Lake Nona and long-term homeowner values are always being maintained. In addition to the manual, there is a Design Review Committee comprised of independent architects that meet regularly to discuss all new home construction and landscaping plans for Lake Nona. All plans require the approval of the committee before construction can commence.




L A K E N O N A R E A LT Y Contact: Cathy Williams Tel: +1 407 851 9091 E-mail: