We’re thrilled to announce the launch of our latest homes at The Strand: Signature Residences.
These 4- and 5-bedroom oceanfront homes were designed to make a statement. Each house has two master bedrooms (one on each floor) – with their own private terrace, walk-in closet and plush bathroom. Three of the four homes also have a guest casita/flex room and garage. With a versatile bonus room on the second level, an infinity pool that spans 42 feet and the most lush and welcoming outdoor living space, it just might be the perfect place for your real estate investment.
The Strand is exceptionally delighted to welcome Frits and Jenny to our team, as their invaluable experience will play a key role in their daily operation.
More about The Strand
Overlooking the sapphire blue waters of Cooper Jack Bay with dramatic vistas and an awe-inspiring setting, The Strand is a hidden retreat complete with private Residences, Villas, and Estates, a swimmable shoreline, destination dining, and crafted experiences specifically for reconnection.
Active listings
Click here to find all current listings of The Strand.
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
The Strand is making incredible progress with construction and Turks & Caicos Sotheby’s International Realty is pleased to share the latest updates on the beachfront enhancement project.
The much-anticipated beachfront enhancement project at The Strand, which encompass the T Head groin and the pocket beach groins have now been completed. This significant addition to the resort marks a transformative milestone, introducing a unique amenity that will play a pivotal role in establishing the beachfront at the resort in Cooper Jack Bay.
The work on the T Head groin commenced in mid-September was successfully finalized within four weeks. The collaboration involved various stakeholders, including the marine engineers at CDE Group who helped to design the project, Ralph Dietsche and Wes Rambara of CBMS who oversaw the construction as well as Ian Astwood, from the Department of Planning and The DECR with their valuable guidance.
The Strand, satisfied with the completed work, said that they had already witnessed a natural accumulation of sand on the shores, enhancing the picturesque waterfront. “The next exciting step in the project involves the placement of 70,000 cubic yards of sand, scheduled to commence in January 2024”, said Managing Director, Developer & Project Manager John Fair. While they encountered some challenge, The Strand is delighted with the outcome to date.
What’s next for The Strand? The Strand is looking forward to the clubhouse, which is nearing completion with windows and doors already installed and swiftly progressing to the floor finishes. The clubhouse will serve as the epicenter of The Strand with exciting surprises to be shared with owners and the community in due course.
A heartfelt gratitude is poured out to the dedicated construction team, the patient owners, and the Turks and Caicos Islands government for placing their trust in the vision of the project and for entrusting The Strand as stewards of this magnificent piece of Providenciales.
The Strand, Turks and Caicos is pleased to welcome the newest members to their team: Frits and Jenny Hannenberg.
This hospitality powerhouse duo will serve as our General Manager and Hospitality Manager at The Strand, which will be fully operational by Fall of 2024.
Frits and Jenny each have more than 20 years of experience in luxury hospitality. Most recently, Frits was the Managing Director of The Abaco Club on Winding Bay in the Bahamas and was the opening General Manager for The Shore Club. Together the couple have brought their hospitality expertise to luxury private islands including Fregate Island in the Seychelles and Mustique Island in St. Vincent.
The Strand is exceptionally delighted to welcome Frits and Jenny to our team, as their invaluable experience will play a key role in their daily operation.
More about The Strand
Overlooking the sapphire blue waters of Cooper Jack Bay with dramatic vistas and an awe-inspiring setting, The Strand is a hidden retreat complete with private Residences, Villas, and Estates, a swimmable shoreline, destination dining, and crafted experiences specifically for reconnection.
Active listings
Click here to find all current listings of The Strand.
As continued evidence of the high demand and dearth of existing high-end homes for sale in the Turks & Caicos Islands, the recent off-market sale of Sole E Mare on Leeward’s coveted north shore is a testament to the continued growth and desirability of the best-in-class real estate in the jurisdiction. True to its name evoking sun and sea, the home sits on an impeccable white sandy beach known as Pelican Beach which is an extension of world-renowned Grace Bay.
Sole E Mare’s idyllic site features a 270-degree view from its point with over 220’ of frontage, sitting proud of its neighbors to the west and enjoying a sunset-facing view of Grace Bay and its iconic barrier reef.
The sale marks the first residential re-sale above $30 million in the TCI and was the culmination of a painstaking rebuild process and exceptionally well-executed design, showcasing the type of design and construction that was simply not to be found even five years ago in our jurisdiction. A recently completed beach revetment and additional new investment point to continued upward trending price values in the area.
The majority of high-end sales this year to date occurred in the pre-construction, luxury new development, sector which is actively servicing the discerning demand for high quality homes amidst an otherwise very limited inventory of available and completed homes – and vacant waterfront sites. The potential time involved and challenges that can accompany a custom project of this nature increased the attraction of this turn-key newly completed masterpiece for its new owners and led to a swift closing.
About this amazing estate
The 12-bedroom estate spans about 12,000 interior square feet across the main house and a guest house/caretaker house, and 20,000 total under roof (including vast covered terraces) with more than 30,000 sq. ft. of finished areas including a 100’ long all-mosaic pool featuring 440’ of full surround infinity-edge. A dining table custom-made with a live edge solid slab of 100-year-old wood, hand-picked by the sellers and even personally trucked from its source, was a feat in and of itself. A signature staircase, private salon, extensive outdoor entertaining and lounge areas, solar panel and Tesla power wall system for uninterrupted green energy, are amongst the many exquisite design elements and forward-thinking features throughout.
Selling Agent
Nina Siegenthaler
Vice President Turks & Caicos Sotheby’s International Realty
While most market followers focus on Closed transactions when evaluating real estate markets, brokers, consultants, and developers take an even closer look at Conditional and Pending transactions. Conditional transactions are Accepted Offers not yet Under Contract (Pendings) and both are really a harbinger of things to come.
Quarter 3 (usually our slowest quarter) outperformed expectations and further indicates that we are increasingly a year-round market and less of a seasonal market insofar as real estate activity is concerned. Led by Single Family performance, Conditional dollar volume is up a whopping 443.65% Q3 2023 over Q3 2022 ($124,223,600) vs. ($22,850,000). Pending transactions are up 8.13% ($136,524,800 vs. $126,257,357).
This sharp rise is a real eye-opener during our typically slowest quarter, so let’s examine why: Many of these Conditional transactions are on the strength of our New Development projects led by Arc, South Bank, The Strand, The Loren, with The Point by Grace Bay Resorts and St. Regis soon to be substantially adding to the mix when their listings officially come to market. So, we should continue to see substantial rises in our Conditional Sales as our big projects pre-sell and start construction in 2024, with the Hyatt Andaz just breaking ground. This leads to our biggest differentiator in times of scarcity of (existing) inventory, and that is our awesome New Development pipeline, which promulgates our sustainable growth and satisfies a market hungry for luxury properties in TCI.
Regarding Closed transactions across all segments of the TCI market, our Q3, Y.T.D. numbers are up 10% over 2022 ($526,828,182 vs. $475,699,009), with Average prices up 49.76% ($1,572,621 vs. $1,050,009) and up 130% in the Single–Family segment ($3,492,489 vs. $1,492,127)! This is another “wow” moment and can be best explained next time you take a ride over to South Bank, The Strand, Peninsula Estate, Beach Enclave North Shore Ph 2 and others and see so many gorgeous new villas either just completed or nearing completion which have contributed to the closed numbers.
With strong demand and very scarce existing condo inventory, this aspect of the market continues to struggle (sales volume down 43.62% Y.T.D.), as there is very little re-sale activity and owners are holding on with a tight grip. When we do see quality re-sales come up, they sell quite quickly and often at record numbers. Two recent Shore Club sales are illustrative, as they each sold for over 25% higher than prior markers. However, as discussed above, these numbers should normalize as our new projects reach critical mass and start the construction and completion cycles.
As we continue to shepherd our new projects and succeed in all aspects of the market, we look forward to welcoming you back as we approach the holidays, and…introducing you to the Future of Real Estate in November.
Find Turks & Caicos Sotheby’s International Realty past Market Reports 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
Arc by Piero Lissoni, the final residential offering at South Bank
Arc, the final residential offering at South Bank, designed by master of contemporary architecture and interiors, Piero Lissoni, was inspired by the daily patterns of villa lifestyles and a sense of place. Arc not only embraces but also elevates the essence of secluded villa living, providing an unparalleled experience on the breathtaking oceanfront, nestled amidst nature yet welcoming the vast horizon.
Since sales opened, we have seen a substantial interest with six reservations, including the sale of all four-bedroom residences. Following this successful Founders Launch phase, introductory prices have since ended, and the remaining unit prices are available on request.
Each Sky Villa offers a unique layout and distinct design moments. Only two two-bedroom residences, a select number of three-bedroom and the final five-bedroom penthouse remain available for purchase.
The South Bank resort offers a range of diverse and relaxing amenities for all owners and guests to enjoy. With two signature restaurants and bars, cozy beachfront cabanas, a fire pit lounge, a marina, a second fitness center, an over-water spa, tennis and pickleball courts and two resort swimming pools, there is always somewhere to relax or explore at South Bank.
Contact us to discover more about Arc’s elevated waterfront living, designed by one of the world’s most renowned designers and serviced by one of the leading hospitality experts in the Caribbean.
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.
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.
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.
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
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.
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 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.
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
Turks & Caicos Real Estate | Caribbean 