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.

United Way Turks and Caicos Reading Program

Posted on March 27, 2024 by Turks & Caicos Sotheby's International Realty

Reading matters – Reading proficiently by 3rd grade can be life changing. Third grade is when children make the crucial switch from learning to reading to learn.

Grade level reading skills enables children to begin mastering other important subjects like Math & Science. Students who are not reading proficiently by the end of 3rd grade are at great risk of falling behind & never fully catching up. So we need your help to ensure that our children are reading at their full potential.

“Yes I Can Read” Reading Intervention

We have 3rd graders that are reading at kindergarten level. Help us to eradicate this literacy challenge. By giving to the reading program, you will help surround the young students with programs and resources needed to ensure they are reading by 3rd grade.

Sponsor a Child

The Yes I Can Read After School program will facilitate 50 students yearly at a cost of $360 per month per child for the one on one intervention with a private tutor. This sets the program budget to $216,000 per year. Let us join forces to combat this serious literacy issue and create Bold, Intelligent and Fearless future leaders.

For more information, please visit https://www.unitedwaytci.org

Joe Zahm
Phone 649-231-6188
joe@tcsothebysrealty.com

Nina Siegenthaler
Phone 649-231-0707
nina@tcsothebysrealty.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

Turtle Cove, Providenciales, Turks & Caicos Islands – Multi Property Offering – $11.5M

Posted on March 22, 2024 by Turks & Caicos Sotheby's International Realty

Minutes from Turtle Cove Marina and near-by restaurants

Three parcels in Turtle Cove totaling 3.29 acres with 116 feet of Beach Frontage and 226 feet of Canal Frontage makeup Grace Bay Beach Ocean Villas, which is presently a profitable short-term villa rental business. In 2018, the vacant oceanfront property was approved for rezoning to Tourist Related (T01), allowing for the potential development of six residential properties on the 0.952 acres. Five villa buildings total are currently located on the other two Residential (R01) canal front properties.

Grace Bay Beach Ocean Villas currently operating as a successful short term villa rental business consisting of three parcels. The vacant beachfront lot received rezoning approval in 2018 to Tourist Related (T01) allowing future development of six residential homes on the 0.952 acres. The other two Residential (R01) canal front lots currently have five villa buildings in total. Breakdown of the three lots as follows:

7 Coconut Road Block 60713: Lot 30, Acres 1.162, 3 Buildings, 113 Ft Canal Front, 6 Bedrooms and 5 Bathrooms, 3,655 SF with Pool & Dock
15 Coconut Road Block 60713: Lot 31, Acres 1.165, 2 Buildings, 113 Ft Canal Front, 7 Bedrooms and 7 Bathrooms, 4,075 SF with Pool & Dock
10 Coconut Road Block 60713: Lot 201, Acres 0.952, Vacant Land with 116 Ft Beachfront

Please contact the listing agents for more information and for the development brochure.

Contact the listing agents below:

Nina Siegenthaler – Broker & Agent
Phone 649-231-0707
nina@tcsothebysrealty.com

Elain Dubenski – Agent
Phone 649-231-4421
elain@tcsothebysrealty.com

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

Development Spotlight – The Summit on Providenciales’ Highest Point

Posted on March 18, 2024 by Turks & Caicos Sotheby's International Realty

Latitude 22, Developers of Ridgeview and Karaya Blue, in collaboration with Turks & Caicos Sotheby’s International Realty are delighted to present a first hand perspective on this remarkable residential development.

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

The Strand Turks & Caicos Hosted an Insightful Webinar – View Recording

Posted on March 13, 2024 by Turks & Caicos Sotheby's International Realty

Click to watch The Strand’s recording, hosted on the 5th of March 2024

After a phenomenal year, The Strand is advancing with remarkable construction progress. Developer John Fair, Vice President and Sales Thorn Capron, broker Joe Zahm along with Sophie Tidrick, Vice President and Development Director hosted an insightful webinar session unveiling the ongoing progress at The Strand and the projected opening of the resort this year!

The Strand has come a long way since breaking ground in 2022. The initial homeowners are already relishing their new residences, and the Strand is set to open officially later this year. Photos below are of the recently completed Luxury Residence.

For more information about The Strand please visit:

The Strand Turks and Caicos Islands

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

Elite High School Expresses Appreciation For Donation by Turks & Caicos Sotheby’s International Realty – December 2023

Posted on March 6, 2024 by Turks & Caicos Sotheby's International Realty

On February 28th, 2024, four students from Elite High Secondary School, accompanied by their head teacher, visited Turks & Caicos Sotheby’s International Realty to convey their gratitude for the generous donation made to the school.

Dyenyca Joseph, Roselove Til, Francisca Alexandre, Jovelane Francois, along with their head teacher Mr. Lumarvens Alexander, presented Joe Zahm, President and Broker, and Nina Siegenthaler, Vice President and Broker, with a plaque, speeches, and a video showcasing the school’s deep appreciation.

“I am very grateful for the donation made by Turks & Caicos Sotheby’s International Realty. The donation has helped the entire school with our projects, school-based assessments, and has enhanced our understanding of computers and kept us up to date with our work,” said Roselove Til.

As a company, we are dedicated to giving back whenever possible. Our ongoing commitment to supporting Elite High School has been both challenging and rewarding. Their gratitude serves as a touching reminder of the significant impact even modest contributions can have.

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

Turks & Caicos Real Estate – Grace Bay Land – Development Opportunity – 2.24 Acres

Posted on February 28, 2024 by Turks & Caicos Sotheby's International Realty

Grace Bay Land Development Opportunity

Step into an exceptional investment opportunity in the heart of Grace Bay, The Bight & Thomas Stubbs. Adjacent to the esteemed St. Regis development site and positioned across from The Somerset, with beach access proximity to Grace Bay Beach via Rotary Club Park public beach access, this exclusive 2.24-acre commercial land listing extends a rare invitation to make a substantial investment in this premier location. This offering is designed for those with a discerning eye for prime real estate investment. The strategic positioning, coupled with the prestige of its surroundings, establishes this property as the ideal choice for commercial development. Whether envisioning a landmark commercial project or an upscale development, this 2.24-acre canvas awaits your investment creativity.

Property details

Block: 60804
Parcels: 31 & 116
Property Type: Vacant Commercial Land
Location: Across from The Somerset on Grace Bay and adjacent to St. Regis Residences
Land Size: 2.24 acres
Grace Bay Road Frontage: 260FT
Princess Drive Road Frontage: 345FT
Zoning: Tourism and Hospitality
Building Restrictions: 50 units acre and 7 stories high
Full Listing Here

Listing Agent

Michael W Bovell

T: 1 649.946.4474

C: 1 649.232.1163

michael@tcsothebysrealty.com

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

Price Improvement on Spectacular Oceanfront Lot – Turtle Tail, Providenciales, Turks & Caicos Islands

Posted on February 26, 2024 by Turks & Caicos Sotheby's International Realty

$1,900,000 (reduced from original $2,630,000)

Discover the majestic shoreline of Ocean Drive within this prestigious and exclusive Turtle Tail neighborhood. Elevations are over 40’ of elevation. Lot 58 is a rare and generously sized 1.11 acres, with magnificent 145’ of linear ocean frontage. Surrounded by significant homes and embracing jaw-dropping views of the southern shoreline and endless Caicos banks at all times of day, the site is slated for an exquisite home and site with ample opportunity to create one’s idyllic island lifestyle.

Listing Information

Area	Providenciales
Sub Area	61003 – Juba Salina: Turtle Tail
State/Province	Providenciales
Country	Turks and Caicos
Price	$1,900,000
Property Type	Vacant Land (Res/Unzoned)
Lot Size	1.11 Acres
MLS® #	2300284

Listing Agent:

Nina Siegenthaler

M: +1 649.231.0707

nina.siegenthaler@sothebysrealty.com

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

Blondel Cove, Blue Cay Estate – The Finest Luxury Beachfront on Leeward Channel, Providenciales, Turks & Caicos Islands.

Posted on February 21, 2024 by Turks & Caicos Sotheby's International Realty

Blondel Cove is a one-of-a-kind 6-bedroom villa in the exclusive Blue Cay Estate community developed by Windward within the desirable Leeward neighborhood on Providenciales. Boasting the ultimate in privacy on its own pristine stretch of 260’ of beach and ocean frontage, the unique site spans 1.34 acres and the best combination of tranquil beach and 400’ of dock and canal frontage with its own boat lift, with ample room for an array of watercraft and boats.

Completed in 2019, Blondel Cove is the only property within Blue Cay Estate to span two original channel-front lots for total privacy. Designed by Blee Halligan architects, high design is featured throughout this custom home’s exterior and interior spaces, from the gated entrance tucked in at the cul-de-sac, ocean views lead you into the 4-bedroom Main House over the entry walkways over reflection pools and through the dramatic foyer to the vast great room and pool terrace beyond.

The bespoke wet bar area off the great room, chef’s kitchen, screened outdoor dining and lounge terrace and ample indoor and outdoor lounge spaces afford a full array of entertainment possibilities. A signature illuminated onyx staircase leads up to the second level with its grand primary suite and second bedroom. The primary bathroom features dramatic black and cream quartz floor to ceiling. Jaw-dropping views abound from both levels through full height glass and top-of-the-line sliding glass doors.

A secluded large media room is set apart from the home’s main living areas. The fire-pit and beach lounges or Blondel Cove’s water pavilion at the end of its jetty, are perfect places to cap off the day. The gracious two-bedroom guest house flanks the dock and canal area, offering a discrete retreat from the main house. The fully equipped stand-alone oceanfront gym and tennis court, half basketball court, and golf net round out the exceptional amenities.

Click here for the full listing

Listing Agent:

Nina Siegenthaler

M: +1 649.231.0707

nina.siegenthaler@sothebysrealty.com

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

2024 Luxury Outlook Report by Sotheby’s International Realty – Reveals Affluent Home Seekers Expanding Reaches And Sustainability Is Top Of Mind

Posted on February 19, 2024 by Turks & Caicos Sotheby's International Realty

Sotheby’s International Realty Releases 2024 Luxury Outlook Report Uncovering New Hot Spots for Global Investment, International Destinations With Enticing Tax Incentives, and How Cities and Suburbs Continue to Fare Post-Pandemic.

Sotheby’s International Realty published its 2024 Luxury Outlook report, a comprehensive exploration into high-end real estate markets across the globe. Following several years of residential real estate frenzy, the report reveals that buyers have begun to acclimate to a new normal of higher interest rates, with high-end home seekers expanding their reaches to more parts of the world with Australia, Mexico, Saudi Arabia, and Turkey poised for growth. The report explores the trends shaping real estate investment decisions in the year ahead, from the intergenerational transfer of wealth, to pinpointing parts of the world where tax incentives are increasingly enticing.

“Our goal for the fourth edition of the Luxury Outlook report was to couple the expert insight of our agents with the perspectives of leading global institutions on the trends affluent buyers can expect in the months ahead to help them make opportunistic transactions in 2024,” said Bradley Nelson, chief marketing officer, Sotheby’s International Realty. “Despite higher interest rates, demand remains strong in many corners of the market, as people move both because they’re going through major life events—such as new children or new jobs—or simply because they want to upgrade their home and, with it, their lifestyle.”

The Sotheby’s International Realty 2024 Luxury Outlook report was compiled by surveying Sotheby’s International Realty agents around the world who transact in the US$10M+ price category. This information was complemented by gathering supporting data from other leading industry experts, including UBS; The Brookings Institution; McKinsey & Company; and property technology and security firm, Kastle Systems; in addition to art and luxury experts at Sotheby’s, the famed auction house, to round out luxury trends in the year to come.

Link to our custom report here.

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

Turks and Caicos Real Estate – Year In Review 2023 YTD Comparison

Posted on January 30, 2024 by Turks & Caicos Sotheby's International Realty

Led by Significant Sales, 2023 Market Puts Exclamation Point on Happy New Year!

Wherever you were for the festive holiday and New Year’s Eve celebrations we all had plenty to celebrate and be grateful for. The fireworks along the beach closed out 2023 in fine form with a celebration on Grace Bay and beyond that was the best we have ever seen! We look forward to 2024 as we take a brief look back in this report at our successful results within our real estate market.

Of notable mention are two significant sales, one a TCI record of $88.75M for a 36-acre commercial parcel on Grace Bay known as Cotton Bay which is set to be developed into a new resort property. Details to come later this year. The other highly significant sale was a residential record of $33.5M for Sole E Mare by our own Nina Siegenthaler. Both sales helped lead the market to a new record in 2023 of $782,412,342, slightly surpassing our previous 2021 high of $768,737,714. Another contributing factor to the high sales volume was the posting of completed new developments which are defined below and within the charts and graphs in the full report.

In the Single Family Home Sector, the completion of numerous high-end villas at Emerald Estate, South Bank and Beach Enclave North Shore, many of which transacted in 2021, along with very strong new sales at The Strand, led to a whopping 104% annual increase in dollar volume ($488M vs. $238M) and a 128% increase in average price ($3,642,014 vs. $1,590,987). Of course, the record resale of Sol E Mare sale didn’t hurt! The significantly higher average price signals a new day for luxury single-family residences attached to outstanding luxury brands. With other luxury and super-luxury villas in the pipeline and under development, along with occasional re-sales, we should continue to see this average price point hold steady and establish a new normal.

The Condominium Sector, with limited existing resale inventory, decreased by 37% in dollar volume (from $182,337,530 to $114,353,700) and in unit sales by 38% (151 to 93), with average price points remaining steady in the $1.2M range. We are, though, seeing some record $/SF sales of up to $1,500 per SF for prime re-sales, often with competing bids. It appears that condo life is again highly attractive as everyone tends to enjoy having resort amenities at their fingertips. Owners are also finding that rental returns and operational standards are excellent in this sector. We have new development launches at St. Regis, The Loren and others, along with strong pending business with ARC Sky Villas at South Bank and The Point by Grace Bay Resorts and we expect both projects to break ground in the first half of 2024, on the heels of the upcoming completion of the Reserve Villas at Rock House, the second phase of this already widely acclaimed new resort.

The Land Sector was propelled by the $88.75M sale of Cotton Bay exceeding 2022 numbers by 15% ($166,507, 799 vs. $144,375,399) with average price up 70% (from $575,241 to $979,458). Another one or two significant land parcels could potentially transact in 2024 maintaining this new normal for land sales volume. Purchasers and investors remain thirsty for all forms of vacant land, from beach and waterfront, ocean view, canal front, near beachfront, and commercial, with momentum building in activity on our out-islands such as North, Middle and South Caicos.

On a macro level, the end of 2023 signals a close to the “Covid Era”, where we have experienced unprecedented growth in the luxury tourism and real estate sectors and normalized at significantly higher levels of activity and values than ever before. Watch for our 30-year review next month as we examine the past three decades of development in the TCI and analyze data for clues to potentially forecasting future trends.

Special thanks to our valued industry and community partners. We look forward to the season ahead more immediately to our 9th Annual Art Auction for the Ed Gartland Youth Center, to be held Saturday, January 27th at The Shore Club. Please contact us if you would like tickets. We hope to see you there!

We also look forward to welcoming you to our new groundbreaking IMMERSION THEATRE ™, where all our amazing developments and properties can be viewed in virtual realty on a 9’ x 16’ wall screen. We will be providing further information on this game-changing technology later this month.

Happy New Year from all of us at Turks and Caicos Sotheby’s International Realty.

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

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

Turks & Caicos Real Estate | Caribbean

Turks & Caicos Sotheby’s International Realty is the leading luxury real estate brokerage firm in the Turks and Caicos Islands.

Author Archives: Turks & Caicos Sotheby's International Realty

About Turks & Caicos Sotheby's International Realty

United Way Turks and Caicos Reading Program

Turtle Cove, Providenciales, Turks & Caicos Islands – Multi Property Offering – $11.5M

Development Spotlight – The Summit on Providenciales’ Highest Point

The Strand Turks & Caicos Hosted an Insightful Webinar – View Recording

Elite High School Expresses Appreciation For Donation by Turks & Caicos Sotheby’s International Realty – December 2023

Turks & Caicos Real Estate – Grace Bay Land – Development Opportunity – 2.24 Acres

Grace Bay Land Development Opportunity

Price Improvement on Spectacular Oceanfront Lot – Turtle Tail, Providenciales, Turks & Caicos Islands

Blondel Cove, Blue Cay Estate – The Finest Luxury Beachfront on Leeward Channel, Providenciales, Turks & Caicos Islands.

2024 Luxury Outlook Report by Sotheby’s International Realty – Reveals Affluent Home Seekers Expanding Reaches And Sustainability Is Top Of Mind

Sotheby’s International Realty Releases 2024 Luxury Outlook Report Uncovering New Hot Spots for Global Investment, International Destinations With Enticing Tax Incentives, and How Cities and Suburbs Continue to Fare Post-Pandemic.

Turks and Caicos Real Estate – Year In Review 2023 YTD Comparison

About Turks & Caicos Sotheby's International Realty

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Sotheby’s International Realty Releases 2024 Luxury Outlook Report Uncovering New Hot Spots for Global Investment, International Destinations With Enticing Tax Incentives, and How Cities and Suburbs Continue to Fare Post-Pandemic.

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