Author Archives: Turks & Caicos Sotheby's International Realty

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About Turks & Caicos Sotheby's International Realty

Offering the very best Turks & Caicos real estate, Turks & Caicos Sotheby’s International Realty is the leading luxury real estate brokerage firm in the Turks & Caicos Islands. We provide an unprecedented level of product and market expertise in all facets of Turks & Caicos real estate properties, including condominium development, homes, villas and land. Turks & Caicos Sotheby’s International Realty is the result of a merger with Connolly Zahm Properties, which featured the CZP Collection – the finest collection of luxury condominiums – and Turks & Caicos Realty, which began operations at the beginning of 1990 and was a leader in luxury real estate properties, home and villa real estate sales, as well as, the most recent merger with Tropical Paradise Realty which brought seven more experienced real estate agents to our office strengthening our market position and our brand. TCSIR with its extensive experience, can optimally assist you in achieving your Turks & Caicos real estate ownership and Turks & Caicos real estate investment goals.

South Bank Hosted an Insightful Webinar – View Recording

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Click to watch South Bank’s recording, hosted on the 2nd of May 2024

With immense enthusiasm, we are delighted to share the latest updates of South Bank and Arc brought by Ingo Reckhorn, Developer of South Bank, Nikheel Advani, COO and Principal of the award-winning Grace Bay Resorts, and Joe Zahm, President and Broker of the leading real estate brokerage Turks & Caicos Sotheby’s International Realty.

The journey at South Bank has been marked by significant milestones. Among some of the most notable are the sold-out inventory of both the Ocean Estate and Lagoon Neighborhoods, and the completion of the stunning Lagoon Islands, accompanied by the majority of their luxurious amenities already in place. Additionally, we are thrilled to announce that the highly anticipated Clubhouse, home to Lua Restaurant & Bar and operated under the esteemed management of Grace Bay Resorts, is set to be completed over the next few weeks. We expect nothing short of excellence in every aspect.

The excitement continues as South Bank prepares to embark on its final neighborhood: Arc. Positioned at the southwest corner of the illustrious development, Arc has remarkably secured over 50% of its Sky Villas by eager owners. The momentum is undeniable as we gear up to commence construction on this extraordinary project.

Estimated Key Dates:

November 2024: Completion of groins and beach work

October 2024: Groundfloor slab to be in place

February 2025: Roof level

June 2026: Completion of Arc

Subscribe to stay in touch

https://www.turksandcaicossir.com/eng

https://livesouthbank.com/

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

A Successful Open House: Villa Khaya, Leeward, Providenciales, TCI

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To all the dedicated agents who made our Open House at Villa Khaya a spectacular success, we want to extend our heartfelt gratitude. Nestled in the exclusive community of Leeward on Providenciales in the Turks and Caicos Islands, Villa Khaya is more than just a stunning property; it’s a vision of refined living in paradise.

From the moment you stepped through those grand mahogany doors, you are greeted by a meticulous open living space with the pool and lush vegetations beyond. The interior is adorned with custom-made cabinetry, showcasing a meticulous attention to detail that extends throughout the villa. The spacious living areas are bathed in natural light, with expansive windows offering breathtaking views of the canal and manicured landscaped grounds. The heart of this villa is the gourmet kitchen, a chef’s dream featuring top-of-the-line appliances, an oversized island, and bespoke finishes. Entertain effortlessly in the formal dining area, or take the gathering outdoors to the expansive gazebo, where a private swimming pool awaits amidst tropical surroundings. The outdoor living spaces are designed for both relaxation and entertainment. Native stone decorative walls add a touch of Caribbean authenticity to the landscaping, creating a harmonious connection between the villa and its surroundings. Enjoy the gentle breezes and shaded areas created by the palm trees. With its unparalleled location in Leeward, this villa offers not just a home but a lifestyle defined by exclusivity and sophistication. 

Please find the full listing here.

To book your private viewing, please feel free to reach out to the listing agent:

Agent Manfred Smith
Cell649-231-3498
Office Number649-946-4474
Emailmanfred@tcsothebysrealty.com

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

Sotheby’s Concierge Auction 2024: Turks & Caicos Sotheby’s International Realty

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The world’s finest art, automobiles and antiques are sold at auction. So is luxury real estate.

Now for the first time since its inception in 1744, an exhibition of luxury real estate will gavel live at Sotheby’s London on 30th May 2024.  Part of its ‘The Luxury Sales’ series, the ‘Exceptional Global Properties’ sale will be simultaneously showcased with Sotheby’s and feature a selection of marquee Sotheby’s Realty offerings alongside the finest luxury items in the world.

Turks & Caicos Sotheby’s International Realty is pleased to announce two spectacular Blue Mountain lots as part of the ‘Exceptional Global Properties’ offering marking the first time ever that a Turks & Caicos Islands property will gavel at Sotheby’s Auction. Through this exciting partnership with Sotheby’s Concierge Auction.

Accepting Bids from 17th May 2024

Click the images below for more information and to register your bid.

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

South Bank and ARC Online Webinar: May 2nd, 2024 at 2:00PM EST

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Long Bay, Providenciales, Turks & Caicos Islands

Turks & Caicos Sotheby’s International Realty and Windward Development are pleased to bring you an in-depth webinar to discuss the imminent operational opening date at South Bank in Long Bay, Providenciales, and the exclusive lifestyle associated with ownership in Arc, South Bank’s final and most iconic neighborhood designed by AD-100 architect Piero Lissoni.

Join the panel for their discussion and hear directly from Ingo Reckhorn, Developer of South Bank, Nikheel Advani, for Grace Bay Resorts’ Rental Management, and Joe Zahm, Broker for the development.

Webinar Info:

Click here to register for the webinar

Webinar ID: 820 4989 3386

May 2nd, 2024 at 2:00PM EST

We are looking forward to an exciting and informative session.

Please remember to register if you’d like to attend the webinar.

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

Last Chances to Own at The Strand Turks and Caicos

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The Strand Turks & Caicos Luxury Residence

Limited Opportunities Left at The Strand

We are pleased to report the first quarter of 2024 was an exceptionally strong one for The Strand, ending with more than $70 million in sales, contracts and reservations.

As of now, there are only four Signature Residences and seven Villas remaining—and based on the first quarter, the developer doesn’t expect those numbers to last long. If you’ve considered investing in real estate at The Strand, now is the time to make it happen.

The Strand Turks and Caicos Luxury Residence

Real estate in Turks and Caicos makes for a sound investment, and The Strand offers a unique opportunity to own luxury real estate that prioritizes sustainability, generates income, and offers the kind of relaxed island lifestyle many only dream about.

EXPLORE THE STRAND HERE

The Strand Turks and Caicos Signature Residence

Featured Property:
Signature Residence S4

$7,000,000

This oceanfront four-bedroom, five-bath home leaves a lasting impression with its elegant design and effortless blend of indoor and outdoor living space—complete with a 42-foot infinity pool overlooking the mesmerizing expanse of the Caicos Banks.

The Strand Turks and Caicos Signature Residence

This residence has all four bedrooms directly overlooking the ocean, and features two master bedrooms—one on the main floor, and one on the second floor.

In addition, this home enjoys seamless indoor-outdoor living, with a private courtyard, outdoor kitchen and dining, covered terraces off the great room and master bedroom, and an infinity pool.

The second floor also features a bonus room overlooking your private courtyard and atrium with an exquisite garden.

LEARN MORE ABOUT THE SIGNATURE RESIDENCES

The Strand Turks and Caicos Luxury Residence

Property is a finite resource, and the demand for real estate in Turks and Caicos has never been higher. This past year, Turks and Caicos recorded its best financial year ever, processing over $782 Million USD in transactions across the overall market. With the islands anticipating unprecedented growth in the luxury tourism and real estate sectors, it’s a great time to get into the market. Link to Real Estate Market Reports.

TURKS & CAICOS ISLANDS BUYER’S GUIDE

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.     

Turks and Caicos Real Estate – 1st Quarter 2024 YTD Comparison

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Real Estate Sales Volume Holding Steady as Pre-Construction Sales Heat Up

Turks and Caicos continues to be a leader in tourism and real estate sales throughout the Caribbean region and the sales numbers and pre-construction sales numbers certainly reflect this attraction to be a part of our incredible environment whether just for a brief stay or for a lifestyle.
 
There are currently a host of opportunities for new development offerings, some currently under construction and some that are about to announce their plans. A number of the larger parcels of beachfront land in Providenciales will be reshaped into high-end, branded hotels, and residences to keep pace with the seemingly endless demand for investment and vacation properties. Our superb tourism offerings continue to attract A-listers from around the globe as seen throughout the social media channels as well as buyers looking for a place to call home amongst the abundant turquoise blue ocean views throughout, the temperate climate, and tranquil laid-back Caribbean atmosphere.
 
The first quarter of this year witnessed another major groundbreaking celebration in Providenciales by the same developers of The Ritz-Carlton Residences with The St Regis on Grace Bay as well as the formal public sales launch by Grace Bay Resorts with The Point. These two new luxury developments have already recorded over 70% (St Regis Tower I of three towers) and 65% (The Point) units sold/reserved. The Loren on Turtle Cove, which broke ground in June 2023, is showing a unit sales production of 52%, and Andaz Turks & Caicos after officially breaking ground last year is reporting unit sales production at 65%. ARC at South Bank is 50% sold with construction to start in May of this year. This new condominium inventory is satiating the overdue demand with buyers who are willing to wait for up to three years for the completion of the resort properties. We are also gaining momentum on some of the boutique new developments such as Villas at Blue Mountain, with multiple pre-sales which will soon start construction, and The Summit at Blue Mountain, which has strong momentum and is well under construction. The positive side, for buyers to the delay in usage of their new vacation property, is the stage payments with new construction which fit the bill for those who prefer a payment plan for their Caribbean investments.
 
While the pre-construction sales in the Condominium Sector are high and not officially recorded within our TCREA MLS statistics, in this 1st Quarter, the re-sale condominium sales volume was $18M, 25%-65% lower in comparison to the past three years with the average price remaining high at $1.1M which resulted in a $/SF of $1,100 at the luxury end (+$1.5M). Also note that re-sale condominium inventory continues to remain low with DOM averaging only 118 days.
 
The Single Family Home Sector continues to lead the way albeit the sales volume is down from 2023’s numbers but steady in terms of healthy growth when reviewing the past five years. There are several pending sales that will be posted throughout this coming year and the new listings that have come on the market will help to fill the gap in this sales volume by the end of the year.
 
The Land Sector experienced a large spike in activity, as a result of five large transactions, Emerald Estate-$8M, Northwest Point-$7.5M, Grace Bay-$6.75M and $5.365 and Long Bay-$3.8M, which also raised the average price to $1.325M, an all-time record. Interesting to note, beachfront land in Long Bay was selling for $20,000 per linear foot of beachfront in January 2021 then hit a cyclical high of over $42,000/LF in January 2022. The 110% increase in value over a one-year period caused a pause in demand for a couple of years. This changed in March 2024 when we saw a modest increase of 10% to over $46,000/LF. The outer island land sales continue with this 1st Quarter seeing 30% of the land units sold from North Caicos, Middle Caicos, and Grand Turk.
 
Enjoy the beautiful spring weather wherever you are! We look forward to keeping you up to date with the real estate market in the months to come.

Do not hesitate to reach out to your sales professional to have a conversation about our market, and to assess purchase and selling opportunities!

Find Turks & Caicos Sotheby’s International Realty past Market Reports link here.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

South Bank Lagoon Islands Completed, Long Bay, Providenciales, Turks & Caicos Islands

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As the new residents of South Bank in Long Bay, Providenciales fully immerse themselves in the relaxed lagoon lifestyle, anticipation mounts as the final touches are being put in place for the surrounding amenities.

Very soon, the owners will gain access to The Spa, the Lagoon Islands, and Lua, providing a comprehensive array of indulgences—from revitalizing treatments to leisurely sundowners and all-day dining experiences by the tranquil waterside.

Explore more: HERE

For Real Estate opportunities: HERE

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.     

The Strand Turks & Caicos – Construction Update: March 2024

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Click on the video above to watch the latest construction update

The essence of The Strand has always been its unique blend of unparalleled architecture, and innovative design merged with stunning views.

Turks & Caicos Sotheby’s International Realty is thrilled to once again provide you with the latest updates on the construction progress at The Strand. We are delighted to witness the emergence of the beach in front of the residences, perfectly timed for the new homeowners to start enjoying the beginning of their private beach.

With significant progress in sales, John Fair: Managing Director, Developer and Project Manager of The Strand Turks & Caicos is thrilled to announce an impressive achievement of $70 million in closings, contracts, and reservations in the first quarter. We will continue to provide you with updates, but in the meantime, should you have any questions, please don’t hesitate to contact us.

View The Strand’s active listings here

About Turks & Caicos Sotheby’s International Realty

Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.     

Turks & Caicos Sotheby’s International Realty Spring Insights Newsletter

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Explore real estate opportunities on Ambergris Cay, Turks & Caicos Islands.

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A private island paradise awaits on Ambergris Cay, ideal for those seeking laidback luxury and unparalleled natural beauty. Take in the stunning scenery, rustic terrain, and captivating wildlife of this private island community.

Renowned for its untouched beaches, unparalleled ultra-luxury offerings and personalized customer service, the secluded island resort is capturing attention as the ultimate “Dreamy Destination.”

Featuring limited real estate opportunities, this secluded island offers barefoot luxury like no other amidst a sprawling and diverse landscape. This island oasis, adorned with lush vegetation, Turk’s head cacti, native iguanas, and untouched reefs, beckons exploration and offers the potential to become your cherished vacation retreat.

Turks & Caicos Sotheby’s International Realty is pleased to bring you a selection of available real estate opportunities on this remarkable private island.

Aurora Villa

4 BD, 4.5 BA, 3,791 SQ.FT, 0.41 ACRES

MLS 2400249

Click here to explore

Columbus Beachfront: Lots 301, 431 and 432

4.82 Acres, 500 FT beach frontage

MLS 2300420

Click here to explore

Columbus Beachfront: Lots 433 and 434

2.09 Acres, 280 FT beach frontage

MLS 2400057

Click here to explore

Columbus Beachfront: Lot 113

2.62 Acres, 200 FT beach frontage

MLS 2300781

Click here to explore

Columbus Beachfront: Lots 435, 436 and 437

1.6 Acres, Ocean Views & Beach Frontage

MLS 2400325

Click here to explore

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474