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.

Norman B Saunders Sr. International Airport in South Caicos is now completed

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There is a new face to South Caicos.

On the brink of a remarkable resurgence, the now completed and inaugurated Norman B Saunders Sr. International Airport, is changing the accessibility to the island.

The exciting transformative endeavor of the International Airport has been much anticipated and the entire local community is thrilled to see it through. The new International Airport has enhanced South Caicos’ prominence among its sister islands and also cemented its status as a world-class destination. For potential owners and existing homeowners, investing and exploring this enchanted rustic island is now easier than ever!

Private aircraft can now directly access South Caicos, eliminating the need for an initial stop in Providenciales. Discussions are underway to reintroduce international flight services to South Caicos in 2024. The capability to accommodate larger aircraft translates into higher passenger numbers and a modernized facility that benefits the entire South Caicos community, residents, holiday makers, vacation homeowners and potential owners.

Since May, the island’s gleaming new airport terminal has been extending a warm welcome to guests from across the Turks and Caicos Islands. The newly integrated services building includes essential support facilities such as an airport fire station, state-of-the-art firefighting vehicles, and a comprehensive maintenance center. These upgrades underscore South Caicos’ commitment to safety and efficiency, highlighting its dedication to delivering a top-tier travel experience.

South Caicos is poised to become an even more enticing destination for tourists, fueling the island’s economic growth. Furthermore, the improved airport infrastructure facilitates the seamless transportation of goods and supplies, offering vital support to local businesses and fostering economic resilience. For all potential homeowners, these developments bring added convenience and the promise of increased investment value.

As South Caicos ascends to new heights with the Norman B Saunders Sr. International Airport, the allure of this extraordinary destination is bound to capture even more hearts and minds. It is indeed an opportune time to be a part of this remarkable journey!

Here are two active listings in South Caicos.

Feel free to contact the following listing agents.

Coral Villa Sailrock

2 BEDS, 2 BATHS

Beachfront

2,272 Sq. Ft

MLS: 2300556

Listing Agent: Lisa Lopes

Full listing HERE

Bell Sound – Lot 152

Residential Land

Ocean view

0.58 Ares

MLS: 2300356

Listing Agent: Michael W Bovell

Full listing 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.     

Joe Zahm and Nina Siegenthaler: Board Directors of United Way Turks and Caicos Islands

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Throughout the years, Turks & Caicos Sotheby’s International Realty has contributed to many charities and organizations in need of a helping hand. From the Gartland Youth Center to Food for Thoughts, investing in the local community has always been a key focus. However, one charity in particular, United Way Turks and Caicos, holds a special place in the hearts of Joe Zahm and Nina Siegenthaler.

Established in December 2016, United Way Turks & Caicos Islands envisions a community where all individuals and families achieve their human potential through Education. The Mission is to improve lives by cultivating and inspiring the caring power of the community to advance the common good of all. From the very beginning, Turks & Caicos Sotheby’s International Realty remained a key sponsor and the board members, Joe Zahm and Nina Siegenthaler volunteer their time to the various initiatives throughout each year and are devoted to making a difference.

Joe Zahm

President/Broker of Turks & Caicos Sotheby’s International

Joe Zahm, a US trained attorney, is an acknowledged leader in the Turks & Caicos Islands’ resort, real estate and development sectors. In the past 33 years Joe has played an integral role in the design, development, sales and marketing of many of TCI’s finest developments and in the process has brokered significant real estate sales, but that’s not all.

Joe, as the songwriter and producer of such TCI classics as Beautiful by Nature and Everyman has combined his musical talent and love for the island to support a number of local causes. The crafted ‘Enriching the Lives of Youth with Music ‘ was a campaign set up in order to raise funds for a music studio at Gartland Youth Center where local children could play and record music and discover their talents. Joe continues to utilize his passion and highly connected network for the greater good through a variety of causes, demonstrating that the universal language of giving and music can truly foster positive change on the island. We are pleased to have Joe as the board member of United Ways Turks and Caicos, and look forward to changing young lives on this Beautiful by Nature island we call home.

Nina Siegenthaler

Vice President of Turks & Caicos Sotheby’s International

Nina Siegenthaler began working with Joe Zahm in 2003 and 2023 marks Nina’s 20th year in the Turks & Caicos Island’s real estate industry. Consistently ranked as the top producer in the jurisdiction, she is specialized in high-end property marketing and sales. In the midst of it all, Nina always finds time to help those in need around her.

Nina’s strong community spirit, generosity and eagerness to help is driven by commitment to aid the younger generation, Nina dedicates her time and efforts whenever possible. Whether it is through mentorship programs, educational initiatives, or MLS training courses, Nina’s responsibility to guiding and supporting the next generation is unwavering.

Should you wish to know how you too can help. Feel free to contact Joe and Nina.

Joe Zahm

joe@tcsothebysrealty.com

Nina Siegenthaler

nina@tcsothebysrealty.com

The Strand Construction Update: August 2023

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Click on the video above to watch the latest construction update

Turks & Caicos Sotheby’s International Realty is once again delighted to bring you the latest construction updates for The Strand. The four months since our last construction update marked a significant journey with the completion of the first Luxury Residence, others nearing completion and palpable excitement surrounding the commencement of the beach and groin works.

The unique essence of The Strand has always been its unparalleled location, design and of course, quality. An authentic architectural marvel, The Strand elegantly boasts a geometric design that seamlessly blurs the boundaries between indoor and outdoor living spaces. This design philosophy harmonizes flawlessly with old world craftsmanship, creating an environment where sophisticated luxury is ever-present. Rising from the beautiful Copper Jack, The Strand is reshaping the coastline as it brings forth a new paradigm of beachfront living.

Prioritizing a commitment to quality sometimes means taking extra time to ensure every intricate detail meets our high standards. In the end, the outcome is nothing short of spectacular, as John Fair, the esteemed Managing Director, Developer & Project Manager remarked, “The completed R3 Luxury Residence is one of the finest homes I have ever been a part of.” 

Despite labor demands and supply chain challenges, delays have been kept under control and minimized, Broker Richard Sankar revealed. “The project is progressing smoothly and is in line with the projected plan,” adds President Joe Zahm. “John and his team have been laser focused since the outset, and have been undeterred by COVID delays and other obstacles as they march towards completion with will and skill,” Joe completed. 

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.     

Explore the exceptional Below Deck, Leeward Canal, Providenciales

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Q & A Interview with Real Estate Advisor, Dee Agingu

There is one person who knows the stunning Below Deck at 52 Governor’s Road, as much as the owners and the architects, Dee Agingu, Turks & Caicos Sotheby’s International Realty Global Real Estate Advisor and listing agent of this spectacular property. 

The top performing real estate agent, Dee Agingu is no stranger to the luxury real estate market in the Turks and Caicos Islands. Having called these islands home since 2000, Dee is well known amongst her peers for integrity, high level of service and experience.

We sat down with Dee to find out more about this magnificent property which sits so proudly on the corner of Leeward’s Canal and this is what Dee had to say.

What is so special about Below Deck? 

It’s location. The remarkable property is a  6-bedroom 5-bathroom enchanting tropical canal front sanctuary nestled in the heart of the Leeward community, one of the most exclusive communities in the Turks and Caicos Islands. Beyond the electronic gate, a circular driveway leads you through lush landscaping adorned with palm and flowering trees, creating an inviting entrance. And to top it off, it has its own private dock, a 120 foot dock to be exact! What not to love?

What was your first impression of the property? 

The undisputed landscape. Lush landscaping that is perfectly manicured and lovingly maintained with mature coconut trees and vibrant tropical plants. The lovely driveway leads to an impressive main door. Step inside to a spacious open-plan living area with vaulted ceilings and contemporary furnishings, radiating comfort and relaxation. The kitchen is designed for entertaining, featuring high-end appliances, a walk-in pantry, and a large center island with seating. Connected to this space is a lounge and custom cocktail bar area with French doors opening to a pergola-shaded terrace, overlooking the pool area and the lovely canal beyond.

What is your favorite room and why ?

The open concept living/dining/kitchen. It has views of the beautiful gardens, pool, fire pit and turquoise waters of the canal, perfect for entertaining family and friends.

What is your favorite thing about the property?

I particularly love the tranquility of the primary bedroom which has a lovely massive bathroom complete with an outdoor steam shower. You can feel totally one with nature in your own home.

In or out? Where do you spend more time? 

Indoors in the main living area, but the outside is inviting too. Go in and out for short walks, paddle boarding or boating on the canal to the ocean which is less than 7 minutes out. I must add that in the back garden, there are multiple seating and lounging areas surrounding the poolside lounge with a pergola, showcasing the elements of nature with a waterfall firepit. 

What is that one thing any buyer would fall in love with? 

The layout of the property allows a harmonious one level living space. The primary suite is a luxurious oasis with a king-sized bed, sitting area, and a delightful ensuite bathroom with an abundance of natural light. And what about your guests? There are 3-bedrooms in the main house and for further accommodation, there is a 1-bedroom poolside cottage with a kitchenette and bathroom, and a self-contained 876 SQ.FT. guest house with a living area and kitchen.

The pool or the canal? And why? 

When there is a canal in your backyard, it is difficult to stay indoors. The canal offers direct access to the open ocean and is perfect for non-motorized water sports. With endless possibilities for the avid boater to go exploring the many hidden beaches in the Turks and Caicos Islands; go kayaking or paddle boarding on the mangroves close by. 

To find more information about this irresistible listing, please email Dee Agingu.

Full listing information click 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.       

Dee Agingu
Global Real Estate Advisor
Turks & Caicos Sotheby’s International Realty 
c 649.231.3534 t 649.946.4474 

dee@tcsothebysrealty.com

A Recent Significant Sale on Sapodilla Bay, Providenciales

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Beyond the picturesque neighborhoods of Grace Bay, Long Bay, Turtle Tail, Leeward, Thompson Cove and Blue Mountain there is an equally breathtaking waterfront neighborhood on the southwest coast of the island, Sapodilla Bay.

Sapodilla Bay is home to some of the island’s most beautiful estates and setting amidst the scenic and tranquil waterfront of the western end of Sapodilla Bay is La Mer West (Villa 2), one of the most recent significant sales for the neighborhood and a truly spectacular waterfront property. Closed in August 2023 at $5.5M, the 5-bedroom home with over 9,000 Sq. Ft of indoor and outdoor areas provides abundant space for family gatherings. For the new owners of La Mer West, a new exciting beginning awaits them and we are pleased for this next chapter of the lives.

Whilst La Mer West is no longer on the market, there are other beautiful homes in Sapodilla Bay that boast equal ocean views. 

La Mer Villa 1

La Mer West is adjacent to its sister property La Mer South (Villa 1), a 9-bedroom villa currently listed for $10.75M. The property spans over three levels with dramatic ocean views with each floor having direct and incomparable views of Chalk Sound to the North. Spectacular sunset views are experienced from the great room with its vaulted ceilings, the ample oceanfront terrace and elevated pool deck. The home enjoys an infinity edge pool, and a swimming platform that offers easy access to the calm and shallow sandy-bottomed waters of the unique waterfront location.

The entrance of the property has a welcoming foyer, centered around a signature staircase leading up to the second level great room. Four bedrooms are on the main level including a handicap accessible bedroom suite. Only the most exquisite and understated furnishings, finishes and millwork are featured in this impeccable home. The great room opens to a large, shaded terrace on the oceanfront, and flanks the pool terrace and outdoor dining terrace with a clever pass through to the interior kitchen. Large glass sliding doors and windows showcase the airy spaces and 360-degree views. 

Boating, jet skiing, kayaking and paddle boarding amongst many other activities can be enjoyed right off the home’s dock. This very private villa is separated from its sister property via lush landscaping, and fully fenced and gated.

For further detail and price, please view the full listing here. 

La Mer Pre-construction

The beautiful site with its approximate 100’ of waterfront and unique topography offer rare southwest exposure, fronts the picturesque and calm Sapodilla Bay currently listed at $4.995M. Enjoying true privacy combined with direct water access, the design allows the best of all worlds.

Spanning 5,424 of finished areas including 4,607 Sq. Ft under roof, 817 is exterior, and including 3,428 Sq. Ft is A/C Sq.Ft. the plans are thoughtfully laid out to ensure a relaxed and hospitable experience. Built over two levels, the main level is the heart of the home featuring the living, dining, kitchen, and entertaining space seamlessly leading out to the pool deck and outdoor dining with sunken fire pit and plush oceanfront lounge, all easily accessible from the main level. Added pantry and prep area facilitate the ability to entertain. On the upper level, the primary bedroom and two additional guest bedrooms span the ocean facing façade of the second level each enjoying direct Caribbean Sea views and balcony areas, with a 4th bedroom with views of Chalk Sound. 

For further information and price, please view the full listing here.

Villa Sea Cliff

Villa Sea Cliff, located at the very tip of Ocean Drive on a spectacular, elevated site with 232 feet of frontage offering stunning 360 degree views of Sapodilla Bay, Taylor Bay and Chalk Sound. The recently refurbished property is a 6-bedroom home on 0.69 acres with 7,200 Sq. Ft of floor space. 

For further detail and price, please view the full listing here. 

Waterside Villa

Located on the quiet street of Waterside Close, lies this recently completed Waterside Villa. This gated ocean view villa was completed in April of 2023. The Turkaian design home has 3 floors, each with its own balcony where one can absorb the fantastic water views of both Sapodilla Bay and Chalk Sound. With 3-bedrooms, 3 bathrooms on 0.31 acres with 3,556 Sq. Ft, Waterside Villa can be your next piece of paradise.

For further detail and price, please view the full listing here. 

Villa View

Experience the allure of Chalk Sound and Sapodilla Bay from the captivating View Villa in the Turks & Caicos Islands. This splendid two-story residence boasts panoramic water vistas on every side, creating an island oasis just a stone’s throw away from the beach. Delighting in the luxury of a newly added saltwater pool, this 2,000 square foot gem with 3 bedrooms and 2 bathrooms offers an irresistible opportunity for those in pursuit of an enchanting island getaway without compromising on affordability.

For further detail and price, please view the full listing here. 

Looking for more real estates, please visit www.turksandcaicossir.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.

Posted in Turks and Caicos News | Tagged Turks & Caicos Investment Opportunity, Turks & Caicos Islands, Turks & Caicos Islands Real Estate, Turks & Caicos News, Turks & Caicos Realty, Turks & Caicos Sotheby’s International Realty | Leave a reply

We welcome the 2023 Lobster Season in the Turks and Caicos Islands

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The month of August in the Turks and Caicos Islands holds cultural significance for two reasons. We celebrate Emancipation Day, the official end and liberation of slavery throughout the Caribbean, and it also marks another reason to celebrate – the arrival of the lobster season for the important fishery trades.

The Turks and Caicos Island Government announced on July the 26th that the opening of The Lobster Season would commence on Monday, August 1st 2023 through the 31 March, 2024. 

Fishermen, restaurants, tourists and the local community at large can now look towards an exciting seven months with this fine local delicatessen being back on the menu. 

South Caicos, being the lobster capital of Turks and Caicos rejoices each year for the new lobster season, for local fishermen throughout this sleepy island can now catch, process and export spiny lobster at last. 

The official name for the local lobster is Panulirus argus. It is also sometimes referred to as rock lobster and sea crayfish. Spiny lobster differs from its northern cousin, Maine lobster, in two ways. First, the meat is only edible in the tail of a spiny lobster, whereas the meat is edible in Maine lobster in the claws, body and tail. Secondly, the spiny lobster meat tends to be coarse and dry in comparison to Maine lobster meat. Despite the contrast in texture, a South Caicos lobster on the open flame, is sure to produce a wonderful grill lobster. 

Most South Caicos lobster is harvested from the East Harbour Lobster and Conch Reserve, located near the coastline of East Bay Resort. Lobster is caught by trapping and hooking. Trapping involves use of lobster traps, whereas hooking is done by free diving (holding breath while diving). Free divers will use snorkel gear and a three foot long pole with a barbed hook end. Experienced divers will typically catch three lobsters per dive. Catching lobster by free diving can be risky, as spiny lobsters have long, stiff antennae over their eyes which can inflict serious wounds, as can their tails.

It is estimated that up to 75% of the South Caicos population is employed in the fishing industry. The opening of lobster season is known locally as, “The Big Grab”, when 30% to 40% of the lobster harvested for the entire season is caught. If having an abundant supply of fresh South Caicos lobster on your vacation is important, it is best to visit South Caicos at the start of lobster season in Turks and Caicos.

The local government instills strict rules and regulations to maintain the longevity of the indigenous lobster. The Department of Marine Fisheries and Resource Management appeals to citizens, residents and visitors in the Turks & Caicos Islands, to familiarize themselves with and to uphold the Fisheries Regulations, and urges all responsible citizens to report any violations.

The Turks & Caicos Sotheby’s International Realty wishes you a lovely 2023 lobster season.

Private Island Luxury, Ambergris Cay, Turks and Caicos Islands

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A private island in paradise . . .

Descend your private jet on the private island of Ambergris Cay, in the Turks and Caicos Island.

This private island in the Turks and Caicos, sits 600 miles south of Miami, on the southeast corner of the Turks and Caicos Islands’ Archipelago that surround the stunning Caicos Banks.  Originally established as a community for private homeowners, Ambergris Cay opened as a private island resort in 2019. Now, travelers seeking a secluded luxury escape can enjoy access to over 1,100-acres of mostly untouched land, ready to be explored by a select few.

Recognized for their ultra luxury and bespoke customer experience, the exclusive resort on the island is making headlines for being a “Dreamy Destination”.

With just 10 suites and 7 villas for rent on an all-inclusive basis, the result is a luxury boutique hotel atmosphere in a vast and diverse setting. Accommodations include beachfront pool suites with heated plunge pools and a collection of privately owned homes and luxury villas, ranging from 3 to 6 bedrooms. The experience is bespoke, tailored to the individual, and ever-evolving.

The beaches of Ambergris Cay provide front row seats to whale-watchers and much more. An island filled with lush vegetation, Turk head cactus, indigenous iguanas, and unexplored reefs is now yours to explore and can even be your new vacation homesite.

We are pleased to introduce a rare and unparalleled opportunity to own a piece of paradise on Columbus Beach on Ambergris Cay.

This stunning homesite, covering 4.82 acres, on two lots, with 500 feet of beachfront on the south-east side of the island, offers a peaceful oceanside location to build your dream Caribbean vacation home or estate.

Dreams do come true.

Nothing Compares to What’s Next.

To find more information on Ambergris Cay, visit their website at https://www.ambergriscay.com/

To find more information on the available 4.82 acre land listing, visit our website .

Looking for a property for turn-key vacation use, view this beautiful villa on 0.46 acres.

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.       

Posted in Turks and Caicos News | Tagged Turks & Caicos Investment Opportunity, Turks & Caicos Islands, Turks & Caicos Islands Real Estate, Turks & Caicos News, Turks & Caicos Realty, Turks & Caicos Sotheby’s International Realty | Leave a reply

2023 Turks and Caicos Real Estate – 2nd Quarter Year-To-Date Comparison

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Turks and Caicos Market Closing Out New Development Inventory

Historically, Turks and Caicos Real Estate Association (“TCREA”) allowed New Development sales to be entered into production as Closed after property completion, which created a significant lag time in reporting (up to five years), as we waited for major condo projects, and some new development villas, to complete. This anomaly has recently been resolved regarding New Development villas (where the homeowner owns the underlying land), so that we can now enter these in our MLS system as Sold once the land closes and the associated construction contract is signed. This change will assure that our Market Reports will better reflect our real time market conditions, at least regarding New Development Single Family residences and villas. Condominium sales data will continue to lag though, as project completion is a condition to Closed sales in our MLS system.

You may ask, “why bring up this technical information?” Here’s why: you will find after Q 2 of this year that our Sold $ Volume is pretty much even with last year (circa $373M vs. $375M) led by Single Family Homes Sold $ volume, which nearly doubled last year (circa $275M vs. $144M). However, much of this inventory was actually “Sold” between late 2020 and Summer of 2022. South Bank for example has 35 villas either under construction or newly completed, and this inventory remained in “Pending Transactions” until very recently when the transactions were belatedly entered into our production reports as Sold. Moving all these Pending Transactions over to Sold of course means that Pending Activity (signed contracts) went down (55%).

So, what are the takeaways in the Single Family Home sector? First, TCREA sold a boatload of Single Family Homes over the past 30 months (led by South Bank, then Beach Enclave, and more recently, the Strand). Secondly, we have established SFH as a true luxury segment as the 118% increase in average price demonstrates ($3,572,350 vs. $1,637,988). Thirdly, we are in a build-and-complete phase as we wait for new projects and pipeline projects to ripen. Fourth, the newly sold residences of today become the re-sale inventory of the future. And finally, new projects are in the pipeline to replenish supply.

With regard to the Condominium Sector, we simply lack existing re-sale inventory, with $ Volume numbers down 54% year from last year (circa $61M vs $134M). When a quality condominium enters the market, it typically moves quickly and at an excellent price. For example, we recently sold a couple Shore Club units at record sales prices. Fortunately, we have great new development condominium inventory fulfilling a decade of built-up demand, led by The Point by Grace Bay Resorts, ARC at South Bank, and The St. Regis among others. This sales activity often will not go on the board as Pending and then Sold for months to years as the respective condominium developments gain momentum.
The upshot is that there is a story within the numbers unique to our jurisdiction, and that’s where we can assist in optimally learning from the past, evaluating the current market, and foreseeing trends to come.

So don’t 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

Beach Enclave Long Bay Phase 3 Has Started Construction

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Beach Enclave Long Bay’s Phase 3 is progressing to completion with the addition of two Beach Houses, of which one is available for sale, a Mediterranean inspired beach club with restaurant, bar and five hotel keys, as well as full sport amenities.

In addition to the existing world class fitness center, owners and guests will enjoy a sports area including a lighted tennis court, lighted pickle ball court & half basketball court, yoga deck and a Kids Club to be completed in advance of the last two beach houses. A revamped kiteboarding centre with launching, cleaning and a storing area will complement the watersports area. The adjacent Beach Bar & Restaurant, when completed, will be a barefoot sophisticated Mediterranean restaurant and bar, with indoor and outdoor lounge areas, dedicated pool as well as five beach facing hotel suites on the upper level. The amenity set adds tremendous value to the private villa resort homeowners and guests’ lifestyle.

Beach Club

Owners and hotel guests will have the convenience of a daytime and early evening beach club opening onto the Long Bay beach, featuring modern Mediterranean cuisine, a bar and beach service.

Hotel Suites

The upper level of the Beach Club will have five luxury studio hotel suites for rental guests or owners who may have overflow guests during their family vacations.

Construction on Beach House 05 started in May, with a completion date of March 2024. The final home available in the resort, Beach House 6, is ready to start construction upon sale and marks the last opportunity to purchase one of the most celebrated beachfront home designs in the Turks & Caicos, within an exclusive and full-service managed enclave renowned for personalized owner and guest services. Designed by acclaimed architects Jacobsen Arquitetura and built by Norstar Group the Beach Houses opened to wide acclaim and stellar rental program, adding an exciting, modern, tropical design to the Turks & Caicos Islands.

For a sneak peek at the Beach House interior and design we welcome you to view the Matterport VR Tour of Beach House 4 or review the listing information on your website.

Beach Enclave Long Bay Beach House 6 – Last Available Beach House!

Link to Listing Information for Pre-construction Beach House 6.

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.       

TIP OF THE TAIL VILLA, TURTLE TAIL, PROVIDENCIALES, TURKS AND CAICOS

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Home to Flamingo Lake, mangroves, rugged coastlines, iron shores, pockets of small and quaint beaches and unbeatable lake and ocean views, Turtle Tail is truly stunning. When a home offers all of the above plus an extraordinary 8,102 sq.ft of living, stunning isn’t enough to describe this one of a kind ocean front estate.

The iconic Tip of the Tail Villa is positioned on a glorious site that is impossible to replicate. A true “piece for paradise”, Tip of the Tail Villa has the “it” factor. The fabulous, 5 bedroom oceanfront home, with an ample 5,456 sq.ft internal plus 2,646 sq.ft exterior under roof sits on over one acre of land. But that’s not all. With an extraordinary 472 feet of water frontage with the Caicos banks to the front and magnificent ecosystem to the side and rear, one can enjoy lazy afternoons on their own private beach on Flamingo Lake in style. 

Suitable for the little ones and water enthusiasts, the property is perfect for playtime or for paddle boarding/kayaking and checking out the marine life and the mangroves. Or luxuriate by the vast ocean – and the pool – with the built-in cabana daybed simply wallowing in the turquoise vista. Providenciales’ south shore – and its mesmerizing infinity views – Turtle Tail neighbourhood is now being enjoyed by many a savvy, high-net worth-investor looking for peace and serenity far from the madding crowd. Given that Tip of the Tail sits proud on the tip of Turtle Tail’s peninsula, it affords the owner ultimate privacy when desired, but with ready access to the imminent bars and restaurants and spa of South Bank – just a short paddle across the channel. 

Embodying comfort, luxury and style, Tip of the Tail Villa provides an unrivaled Caribbean living.

Click here to view more detail on our website listing

For more information on Turks & Caicos Sotheby’s International Realty, please visit https://www.turksandcaicossir.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.