Coral Pavilion, a stunningly elegant coral stone residence on the most sought-after stretch of Grace Bay Beach, has been sold.
Congratulations to the sellers on a successful sale and to the new owners on acquiring such an extraordinary home.
Selling agent: NINA SIEGENTHALER
About Turks & Caicos Sotheby’s International Realty
The Top Real Estate Company in the Turks & Caicos Islands 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 strong team of agents, 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, Point Grace and South Bank.
Arc is advancing rapidly, with exciting milestones underway. The walls and columns on the 4th level are progressing, and the first phase of the 5th level slab has now been poured, with the second phase scheduled for early August. Arc remains on track to reach roof level in a few months’ time, with full completion anticipated in late 2026.
Limited Sky Villas remain available—including two 2-bedrooms, two 3-bedrooms, and the expansive 12,630 sq ft Penthouse—as discerning interest continues to build. With sweeping views of the Caicos Bank, Juba Sound, and the South Bank Lagoon, these residences offer a truly one-of-a-kind living experience. As construction pricing remains in place, now is the ideal time to secure one of the remaining Sky Villas. Owners will enjoy the luxury, elegance, and serenity of South Bank living, with the developers adding a benefit of 60 days of complimentary Boathouse accommodation—designed to immerse new residents in the South Bank lifestyle even before their Sky Villa is ready for move-in.
Step Inside Arc Sky Villas: A Virtual Tour ofElevated Beachfront Living!
Arc represents the pinnacle of South Bank’s vision, both as its final neighborhood and as the community’s signature architectural statement. Designed by the world-renowned Italian architect, art director, and designer, Piero Lissoni, Arc defines the height of luxury, sophistication, and modern design. This exclusive collection of Sky Villas offers a rare opportunity to experience beachfront living elevated to the highest level of elegance.
With only 17 Sky Villas in total, Arc delivers an exceptional standard of exclusivity, providing an oasis of tranquility in one of the Caribbean’s most coveted locations. Each Sky Villa is a masterpiece of indoor-outdoor living, with bespoke Boffi kitchens, Gaggenau appliances and a raised, heated pool and/or hot tub that invites ultimate relaxation. The outdoor rain shower and outdoor kitchen with a BBQ further enhance the seamless connection between the indoor and outdoor spaces, making Arc the perfect sanctuary for both intimate moments and grand gatherings.
Accessed by a dedicated elevator (shared by just two villas), each Sky Villa also comes with its own dedicated underground parking space, ensuring convenience and privacy at every level. With breathtaking views of the Caicos Bank, Juba Sound, and the South Bank Lagoon, Arc offers an unrivalled living experience.
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 strong team of agents, 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, Point Grace and South Bank.
Turks and Caicos Real Estate: Market Recalibration in Motion
Growth is never lineal and growing markets simply don’t keep increasing endlessly, without some periods of recalibration. Since 2020, the Turks and Caicos Islands have experienced record-breaking demand in both tourism and real estate. The past five years have seen nearly three times the transactional volume of the previous five years—an extraordinary, often breathless period that catalyzed a construction boom, bringing elevated quality and expanded options for buyers.
After such an extended surge, the market is now entering an inevitable recalibration period. Total Year-To-Date (YTD) sales volume dropped 13.4% compared to the same period in 2024 (from $354,457,949 to $309,975,838) though average sales prices increased by $167,098 representing a 10.8% jump. Market-wide inventory has increased, currently $2,047,883,872 worth of inventory on the MLS which represents a 20% increase with an increase in DOM from 189 to 238 Days, creating a more measured buyer outlook.
As an important client wistfully put it, it is currently a bit foggy for many to see clearly enough to make sizeable real estate investments. Buyers and investors are waiting for the fog to lift. Patience is truly a virtue for sellers – avoiding panic while taking a sober look at pricing and value, recognizing that overzealous pricing can be rebuked in bearish markets. Resale buyers are waiting on the sidelines, ready to strike when they see back-to-earth valuations. Developers especially need patience given the abundance of pre-construction and under-construction units available. Developer fundamentals remain paramount, with product design, innovation, execution quality, amenities, and services functioning as the primary drivers that provide first-class value. Purchasers will be rewarded when they choose projects with developers who have proven track records for executing exceptional quality – both those already committed and those seeking new offerings in prime developments completing within the next two years.
New Offerings such as the South Bank Beach Villa 18, The Strand’s Signature Villas ($7.4M+), M-House by Beach Enclave ($4.05M+), and Villas at Blue Mountain ($5.3M+) continue drawing interest by aligning with buyer expectations: location, architectural distinction and lifestyle. Arc Sky Villas at South Bank steadily progresses construction, with the 5th level slab starting imminently and completion slated for end of 2026. The Point by Grace Bay Resorts broke ground in February and has reached significant milestones in construction and engineering of this iconic new property on Grace Bay beach. Large beachfront parcels including a 6.17 acres lot with 526 ft of frontage at $35M and 2.9 acres lot with 285 ft frontage at $19.5M, both on Grace Bay Beach, signal continued investment potential for master-planned communities or ultra-luxury estates.
As Turks and Caicos continues this recalibration period, we look forward to being of service throughout.
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 strong team of agents, 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, Point Grace and South Bank.
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 strong team of agents, 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, Point Grace and South Bank.
An exhilarating new chapter of luxury island living in Turks and Caicos has begun: After a much-anticipated launch in December 2024, M-House by Beach Enclave has officially broken ground. This extraordinary community is already making waves on the island, blending the soulful allure of Mediterranean design with the laid-back sophistication of modern Caribbean living.
Crafted in collaboration with world-renowned architect Rolf Blakstad of Ibiza’s famed Blakstad Architects, M-House is where timeless Mediterranean elegance meets cutting-edge island design. A curated collection of just nine residences, ranging from three to six bedrooms, redefines barefoot luxury on our famed ivory shoreline that meets crystal-clear waters.
M-House Enters Its Next Phase with Ground-breaking Slated for Q4 and Elevated Amenities Well Underway
Following a successful Friends & Family release—resulting in three early sales—and the completion of site works, M-House is now on track to break ground by October 2025. The resort continues to evolve, with newly enhanced amenities that elevate the guest and owner experience. The fitness centre has been thoughtfully relocated to capture sweeping ocean views and now features both a sauna and ice plunge for a complete wellness offering. Meanwhile, the beach experience has been reimagined with the introduction of a private beach club, complete with a pool and on-site restaurant, offering a refined yet relaxed coastal lifestyle.
From beachfront to hilltop, every M-House residence is its own private sanctuary—expertly designed to flow with the natural topography, embrace panoramic ocean views, and seamlessly blur the lines between indoor and outdoor living. Think Spanish-inspired textures, light-filled spaces, private courtyards and rooftop lounges made for golden-hour gatherings.
Click here to read the Development Update and to find out the latest on this project.
Please contact the listings agents for more information:
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 strong team of agents, 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, Point Grace and South Bank.
Optimally positioned between Wymara Resort and West Bay Club to the west, and the Beach House and Andaz TC Residences to the east, this spectacular site offers a premier development opportunity on Grace Bay. Spanning 6.17 acres, this exceptional parcel boasts an impressive 526 linear feet of pristine beachfront, complete with natural dunes and uninterrupted views of the turquoise waters. Its location within one of the most coveted stretches of beach frontage makes it ideal for a luxury beachfront development.
Boasting 526 linear feet of pristine white sand frontage and a gently undulating dune system, the site offers direct access to one of the Caribbean’s most breathtaking shorelines—ideal for crafting a world-class beachfront retreat.
This premier property is perfectly situated to capitalize on the continued growth and prestige of the Grace Bay area. Zoned to permit development of up to 12 stories, the parcel provides unmatched versatility—whether envisioned as a luxury condo-hotel, branded residences, or a gated enclave of ultra-high-end beachfront villas.
This site is not just a parcel of land—it is a blank canvas for a visionary developer to create an iconic legacy in one of the most sought-after destinations in the Caribbean. With proximity to high-end resorts, dining, and amenities, and unrivaled beachfront access, this is a once-in-a-generation opportunity to shape the future of Grace Bay luxury.
Contact the listing agents to explore this exceptional offering:
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 strong team of agents, 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, Point Grace and South Bank.
Turks and Caicos Real Estate: Resilience Through Market Shifts
The Q1 sales pace shows robust activity across all segments, from fresh listings to new transactions, with an increasing number of price adjustments that better reflect market conditions and new inventory filling gaps that existed in previous years. This quarter, notable sales include significant homes shown within this report ranging from $5.3M to $7.5M. In addition, luxury condominiums have seen strong sales from $2.7M to $4.7M re-sales and sales within pre and under-construction condominium resort projects. Our brokerage also recorded a record trophy property sale that will be made public later this year, signaling continued investor confidence.
Beyond Providenciales, South Caicos is gaining significant attention. With direct American Airlines flights now connecting Miami to South Caicos International Airport (SXC), this hidden gem has become far more accessible. This development, along with the upcoming Salterra Resort and two new ultra-luxury estates on the Caicos Banks at Sailrock Resorts, enhances the island’s appeal as both an investment opportunity and an exclusive retreat destination. The real estate market in the Turks and Caicos continues to gain momentum as a high-growth market and stable luxury destination, with total sales volume reaching $173,090,548 this quarter, a 23% increase over last year ($141,166,906 in Q1 2024).
Sales continue at the Strand Turks & Caicos, South Bank Resort (both of which have successfully opened to the hospitality visitors in the Fall of 2024), and M-House by Beach Enclave, slated to break ground this summer with its first sales. The Point by Grace Bay Resorts construction is now well underway, the Villas at Blue Mountain with their ocean view sales with The Summit are taking shape and Rock House Reserve Villas (Phase II) is now complete. Select availability remains at all of these unique resort properties.
Kempinski on Grace Bay has just launched, St. Regis Residences first towers are up, Andaz Turks and Caicos nears completion for early 2026. and Arc Sky Villas at South Bank is poised for completion at the end of 2026.
Despite current market fluctuations, new opportunities continue to emerge with several projects in development. While we remain cautiously optimistic about the second quarter, this evolving market presents both challenges and potential. Our team stands ready to address your questions about the Turks and Caicos or other jurisdictions you’re considering.
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 strong team of agents, 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, Point Grace and South Bank.
A dream to create a sense of space and community where families can call home and a vision to build one of the most sustainable ultra-luxury resorts in the Caribbean has now come to life for the developers of The Strand Turks & Caicos.
Since the official groundbreaking in February 2022, John Fair, Managing Director and Developer, along with his team of experts, all empowered with a deep respect and vision for the property set their sights on opening the resort in 2024.
The grand opening celebration on November 20th was by far the most gala resort opening that Turks & Caicos Islands has ever experienced. The elegant event at the DelMar Restaurant & Bar, poolside and beachfront included homeowners, community members, Government officials, and the large team involved with the design, construction, marketing and sales of The Strand were all in attendance to mark this historic event.
“We are thrilled to officially open our doors to The Strand’s first overnight guests, inviting them to become an essential part of the community we have so passionately cultivated here in the Turks & Caicos,” says John Fair, Managing Director 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
Watch the listing video by click on the image above
Thoughtfully designed for family gatherings, this 7-bedroom beachfront villa offers multiple primary suites and is the ideal multi-generational home, serviced and managed by Beach Enclave.
This impeccably designed and decorated beachfront residence, featuring 7 bedrooms, 7 full bathrooms, and 2 half bathrooms, is nestled within Beach Enclave Grace Bay—an exclusive gated community of just nine villas set amid multiple acres of central garden space. As one of only three beachfront properties, Villa 2 represents the first beachfront offering to enter the re-sale market since the community’s inception. Situated on a private .76-acre lot, this sunset-facing residence encompasses nearly 7,500 square feet of covered space and 3,000 square feet of exterior living area. Elevated above the beach dune, the home offers spectacular ocean views while maintaining privacy throughout its interior and exterior spaces.
The main level showcases a stunning great room with high ceilings and glass sliding doors that seamlessly connect to both the gardens and oceanfront. A well-appointed family kitchen features a service entry, pantry/prep area, and laundry room. The first floor is completed by a main level primary bedroom and double-height covered outdoor living area. The outdoor space includes a signature suspended daybed adjoining a shaded lounge area, positioned above a sun deck with hot tub. For beach convenience, a poolside storage area for water toys includes a shower and half bathroom.
The second level, accessed by a custom wood-clad staircase, comprises six additional bedrooms, including four with ocean views. Two primary suites each feature indoor and outdoor showers, while owner’s lockable storage and a second laundry room provide added convenience. Two bedrooms are outfitted with custom full-size bunk beds, each sleeping four guests. The outdoor amenities are anchored by a 42′ x 16′ lap pool with a 5′ beach edge for in-water lounging, complemented by shaded dining and lounge areas, a sundeck, and a beachfront sunset firepit lounge.
The property’s privacy is enhanced by lush landscaping framing the driveway. Just seven minutes from Grace Bay’s attractions, the Beach Enclave community provides residents with access to an on-site gym, tennis court, and management reception. While not currently participating in Beach Enclave’s rental program, the villa is eligible for inclusion should future owners desire.
Additional rental program details are available upon request.
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
Real Estate Market Re-sets at Over Double Sales Volume Since 2020
Since the pivotal year of 2020, our real estate market has more than doubled over the prior pre-Covid period noting that from 2017–2020, the market averaged circa $282M in total sales volume compared to the following four-year period 2021-2024 which has averaged an astounding $710M, a 151% increase! Further to this, the average price point during the same four-year period increased dramatically from circa $824,000 to $1,442,000, a growth of 75%. This spectacular progression in $ volume and average price illuminates Turks and Caicos position as a true luxury destination where quality luxury property and worldly luxury buyers have found a happy place.
Also of interest, over the past four years, led by great new development such as South Bank, The Strand, Beach Enclave North Shore Phase 2, Rock House, The Villas at Blue Mountain and The Summit – along with select significant sales, Single Family Homes have excelled, averaging $360M in $ volume vs. an average of $178M for condominiums which ultimately accounted for 67% of residential sales. Average price in the two sectors follows suit, with SFH average price of $2,592,000 trumping condominium averages of $1,357,000.
However, while Single Family homes have ruled the day over these past four years, next gen condominium projects are now being heard from. With $363M in Pending (Under Contract) transactions, the preconstruction condominiums – led by The Point by Grace Bay Resorts, ARC Sky Villas at South Bank, Andaz Turks & Caicos by Hyatt, The St. Regis Residences and The Loren at Turtle Cove account for $240M of the $363M in residential sales (66%) – a complete reversal in market penetration! This next gen condominium boom can be readily seen from air and sea and road, whereas the major villa developments were more discreetly tucked away. With other amazing projects in the pipeline, our purchasers will have the best selection of inventory to choose from in the Caribbean!
Significant Sales over $10M have shown steady growth, while the $20M+ market has expanded significantly since its first milestone sale on Parrot Cay in 2016. The luxury threshold continues to rise, with $30M+ transactions now occurring annually since 2023, establishing a new benchmark in the ultra-luxury segment. This pattern demonstrates the market’s sustained strength and evolution in the high-end property sector. With existing and in development significant estates now proliferating, it won’t be long until we see $50+ sales in our market, with $100M likely within the decade. Significant listings and sales of course make news, which is great for our jurisdiction as a luxury destination.
As we look toward 2025, the growth and success of the luxury real estate market are poised to continue, securing the Turks and Caicos a top destination for investors and homeowners alike.
Click on the Cover Photo below for the full report on Digital Flip-Book. For a PDF version, click on the download button within the Flip-Book.
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 strong team of agents, 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, Point Grace and South Bank.
Turks & Caicos Real Estate | Caribbean 