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
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.
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.
One Step Grace Bay Luxury Townhomes are just ‘one step’ from the famous Grace Bay beachfront and these newly designed, pre-construction, privately gated townhomes offer a high-end, low-density community within the heart of Grace Bay, close to an array of established restaurants, entertainment bars, retail shops and neighbors to Grace Bay Club and Villa Del Mar.
These 10 exceptionally designed and spacious 4-bedroom, 4.5-bathroom and Den/TV room townhomes boast 3,203 SF of interior space + 2,388 SF of exterior for a total of 5,591 SF of finished area over two levels. The modern façade of the buildings is softened with a mix of limestone walls, wood accent features, hand laid pavers and beautiful landscaping that welcomes you into your private home.
The interiors of One Step Grace Bay luxury townhomes will incorporate high-end finishes including imported Trentino porcelain tiles (or equivalent), Villeroy and Boch (or equivalent) and several built-in cabinets along with a built-in setup for optional solar panels. This quintessential contemporary design pleases with a harmonious combination of clean lines, soft tones, natural stone, and wood decor. Welcome to One Step Grace Bay.
For further details please request our FAQ and Specification sheets.
Turks & Caicos Sotheby’s International Realty, info@tcsothebysrealty.com, 649.946.4474
Supply and Demand Considerations in Turks and Caicos Islands
The inextricably linked tourism and real estate businesses in the Turks and Caicos Islands are, naturally, predicated upon the simple principle of supply and demand, and we are enjoying tremendous economic success due to our strong fundamentals with regards to these two vital drivers.
On the supply side, we have an amazing array of existing hospitality inventory and property – from hotels, condominiums, managed and stand-alone villas – that have proved to be among the best-in-show throughout the Caribbean for high-end tourism, drawing in high quality visitors. Further, our inventory pipeline is strong, as developers conceive and build luxury properties, which will continue to satisfy tourism and real estate demand for renting and non-renting owners alike. Because our market is more dependent on New Development than more mature markets, and further dependent on individually owned condominiums and villas, New development buyers, who often buy off-plan and before a shovel is in the ground, are essential participants in our market’s growth. For example, in the New Development sector, at projects such as Beach Enclave, South Bank and The Strand, construction of an individual villa commences once purchasers have signed land purchase and construction agreements. In the condominium sector, developers commit to building once a prerequisite number of units are pre–sold. In this regard, we are highly dependent on pre–construction purchasers to “co-invest” with our developers in order to fuel new projects. Presently, as we navigate the low existing re-sale inventory market, we look towards the future with a plethora of great projects in the pipeline, led by The Point By Grace Bay Resorts, ARC at South Bank, The Strand, St. Regis and others. These new projects create welcome for-sale inventory into the market, to supplement our constricted, existing re-sale inventory.
Our first quarter numbers reflect the importance of this new development inventory as we close out many recently or soon-to-be-completed villas at South Bank, Beach Enclave and the Strand, with many more to follow this year. A quick drive around to these three projects illustrates how New Development matures into completed tourism, vacation and residential real estate. It is always thrilling to see what Steven Covey calls the “first creation” born of the imagination (the plans) transition to “the second creation”, born of will (the physical projects) and then even to the “third creation” (the hospitality operation). The process never gets old and provides continual blood flow into our market. A recent headline amplified how the Caribbean and especially Turks and Caicos has been a big winner in tourism, and this is primarily because we have such great supply and demand fundamentals.
At Turks and Caicos Sotheby’s International Realty, we are grateful for our role in all aspects of the supply and demand cycle, together with our partners and many stakeholders in the process made up of our developer, investor, hospitality, architect, legal, engineering, construction, design, broker, banking and government sector communities…the list goes on. There is nothing more satisfying than being involved from the planning and product launch to project opening and operation – from pre-ribbon cutting to post product grand opening. In so many ways, the New Development forges our identity and continues to elevate Turks and Caicos Islands globally as a sustainable, international luxury brand.
Happy Spring!
Download the full report with one of the links below.
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
Impressive ocean views situated at 80 feet above sea level on the west side of Blue Mountain in Thompson Cove, ‘Caicos House’ offers a vista of spectacular sunrises, sunsets and views from Northwest Point to North Caicos.
Designed by SWA Architects, the home was positioned to take in the views, breezes and shade from a number of diverse decks and patio spaces as well as the potential of adding a guest house on the spacious one acre property.
Inside, the living space is open plan living capturing the constant north shore breezes through louvered windows and the screened in dining lanai.
The location of Thompson Cove is a great attraction for marine life, snorkeling, paddle boarding, kayaking and, most importantly, a safe northside harbor and dock for a boat up to 30′. With two dedicated beach accesses, a community park to walk a dog and a fully paved private roadway, the neighborhood offers residents their own paradise centrally located on Providenciales.
This exceptional 3-bedroom, 3-bathroom home with 3,280 SF of interior and exterior living space is set on over an acre of land with plenty of space to enhance the property if so desired along with a dock on Thompson Cove for the avid watersports family. This elevated community is home to many luxury rental properties.
Want to take a tour of the Caicos House? Click on the link below and enjoy!
For more detail and information we welcome you to contact the listing agents.
Living and selling the Turks & Caicos luxury lifestyle.
PATRICK STAPLES | 649.432.3222 patrick@tcsothebysrealty.com
Living the Island Dream!
ANNA PARRISH | 649.232.7751 anna@tcsothebysrealty.com
Celebrating our Top Agents and our amazing Team of 29 Members strong.
The Turks & Caicos Sotheby’s International Realty team has product and market knowledge beyond reproach and is able to fluently communicate with our internationally diverse client and customer base in most major languages. We take great pride in our real-time knowledge of the market and properties available. This intimate knowledge allows our sales agents to quickly “shrink the real estate universe” so you may quickly focus on the right property in the right way, as well as, assist you with all facets of the sales process. Our Sales Associates take the time to understand our client’s unique needs, matching them with the appropriate offerings to create not just a purchase, but the right purchase for each client.
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.
