Developer John Fair, Acting Governor Anya Williams, and Premier Washington Misick.
The Strand, a $210million residential resort community development, is the latest addition to Turks and Caicos Islands high-end luxury brand of properties.
The ground-breaking ceremony for the development, which will be located on 2,230 feet of pristine shore frontage on Cooper Jack Bay, in Providenciales, took place on Friday, March 25th, 2022.
Following the announcement of the new development in late 2020 and a very successful sales launch in 2021, the developers have received all permits and approvals and are underway building out single-family homes and several community amenities, including the marina and beach club. The project is expected to be completed by 2025.
Among those attending the ceremony were The Strand’s developer and Managing Director John Fair, Her Excellency Acting Governor Anya Williams, Premier Washington Misick, Minister of Education, Rachel Taylor, Minister of Tourism, Josephine Connolly; Minister of Home Affairs, Otis Morris, Minister of Health, Jamell Robinson, MP Samuel Been, and other dignitaries.
The Strand, Turks and Caicos offer owners and guests an unmatched luxury experience with a limited collection of beachfront villas, custom residences and home sites.
The Strand’s full resort-style amenities, five-star services, and array of community programming will bring something truly unique and new to the Turks & Caicos.
A lot has happened since our last update on the construction at Phase 2. All five beachfront homes are well on their way along with two of the oceanview homes and updates to the Club Lounge and Gym as noted on this video that was captured on Friday, February 18th, 2022. We look forward to reviewing the progress of the entire development throughout this year. Note that there are only two oceanview homes remaining, Lot 8 and Lot 9.
The Phase 2, Beach and Ocean View Houses are designed by acclaimed Jacobsen Arquitetura, and take Beach Enclave’s ethos of tropical, soft modern contemporary design to the next level. The open-air design acts as a frame for its natural surroundings. Full kitchen and outdoor living spaces are connected through floor to ceiling minimalist glass sliders, double height ceilings, custom millwork and a carefully curated Jacobsen Arquitetura furniture package.
OV House Living RoomOV House KitchenOV Primary Suite Ocean View House Pool Deck
The architects’ vision highlights natural surroundings through seamless indoor and outdoor spaces. Outdoor entertainment areas include a covered living space off the great room, sun deck and infinity pool, and optional fire pit and summer kitchen and bar. The large indoor kitchen (available in two design options) and great room feature generous natural light and floor to ceiling glass sliders opening onto the expansive covered deck.
Finishes are of the Beach Enclave standard, and include Sub-Zero & Wolf appliances; high-end, handmade custom millwork throughout; high-quality, large format European tiling; Ipe hardwood decks; high ceilings; lighting design; sound system. A menu of pre-designed options is available for buyers to personalize their home.
Expanded resort amenities include an elevated oceanfront Club Lounge with an indoor/outdoor bar and restaurant, lounge enhanced with water and fire features, an upgraded oceanfront Fitness Center and Yoga Deck, lighted tennis court, kids club, and a one-of-a-kind Enclave Garden.
The Reserve Villas at Rock House are a pre-construction offering of only 10 villas set on the hilltop ridge overlooking the resort and ocean beyond. The 3-bedroom and 4-bedroom ocean view villas are located on the upper ridge and are 2-storey designs at 65’ of elevation on the main level and 76’-6”on the upper level. The 2-bedroom ocean view villas offer the option of an additional den across the courtyard garden and are located on the first ridge at 50’ elevation above sea level and are 1-storey designs, each with their own pools. At these elevations on the Rock House site, the views are panoramic and positioned with ease of access and proximity to the resort and Beach Club amenities. The villas are constructed to the highest standards in keeping with the first phase already nearing completion, fully compliant with Turks & Caicos building codes and meeting international standards. Built and designed with the finest of interior finishes and fixtures, the highest quality appliances, custom impact-rated sliding glass doors/windows and structural concrete construction and with an ecological approach. The property has taken its place in nature seriously and has retained and replanted more than 4,000 native plants and trees throughout the site to ensure this low-density resort remains authentic to its locale.
Rock House, set to open in May of 2022, is the next generation luxury resort and residential development in Grace Bay Resorts’ family of successful hospitality brands. Capturing the allure and elegance of the south of France, Capri and the Mediterranean coast, this distinctive private resort blends elegantly into its rugged coastline and elevation, providing unsurpassed views and privacy in a handmade setting. The center of attraction at Rock House is its dramatic, secluded beach, and an oversized pool perched on a 25-foot limestone cliff. Upon the hilltop overlooking it all will be a restaurant and bar, spa, fitness center and arrival pavilions, each offering a 180-degree view of the Atlantic Ocean and Providenciales.
The Strand, Cooper Jack Bay – The Villa Pool Deck View
February 3.2022 – Providenciales, Turks & Caicos Islands
The Strand, Turks and Caicos, an exclusive residential resort community located on 2,230 feet of pristine shore frontage on Cooper Jack Bay, today announced the start of construction. Following the announcement of the new development in late 2020 and a very successful sales launch in 2021, the developers have received all permits and approvals and are underway building out single-family homes and several community amenities, including the marina and Beach Club. The project is expected to be complete by 2025.
With over $45 million in reservations and contracts to date, The Strand has seen incredible demand and is poised to sell half of its inventory by the end of spring 2022, positioning the property to become the premier private community in the Caribbean. Interest has been especially strong from young families who are looking for a second home in a safe and accessible destination with full-service amenities and five-star service. With rich airlift and a low tax environment, Turks and Caicos is an ideal choice for those seeking a second home island paradise.
With such strong demand coming from owners with young families, The Strand has also pivoted its residential design concepts to introduce three-bedroom managed villas, appealing to the needs of today’s buyers striving for flexibility and relaxed, resort-style living for their families. Priced at $3 million and situated directly on the water, these three-bedroom residences also increase rental opportunities for owners, solidifying The Strand as one of the best villa rental accommodations on the Island.
“The Caribbean, and Turks and Caicos in particular, now more than ever is seeing an influx of interest from a younger demographic, who are craving a special legacy home that can be passed down through generations,” said John Fair, managing director of The Strand. “The Strand is appealing to these active families due to the collection of shared sport and socializing amenities, such as access to the Beach and Racquet Club, a concept which does not currently exist in Turks and Caicos, and further creates opportunity for connectivity among owners and guests.”
Joe Zahm & Nina Siegenthaler Visit the Construction Site with Developer John Fair
An exclusive, sophisticated hideaway in a relaxed coastal setting, The Strand is the first of its kind on the Island with a limited collection of 46 luxury beachfront villas, custom residences, and homesites, alongside access to vibrant community programming and full resort amenities and services. The Beach Club flows into the centerpiece resort-style swimming pool, surrounded by native limestone, and the dramatic water’s edge restaurant and bar. Amenities include access to The Strand’s own Club Boats with a private captain, catamarans, kayaks, and paddleboards, as well as a tennis court, two pickle ball courts, and a state-of-the-art fitness center with a secluded yoga deck. Additionally, a la carte club services include in-home spa services, housekeeping, pre-arrival shopping, private chef and catering, airport transportation, landscape maintenance, an artist in residence program and security. In addition to the beachfront setting, the site offers 1,400 feet of canal and marina frontage, with a full marina and slips for owners, as well as several community yachts slips.
Conveniently located on an undeveloped, unspoiled stretch of coastline on the protected south side of Providenciales, The Strand is built from the ground up in the most sustainable way possible. In partnership with Renu Energy TCI, a local leader in solar home integration, The Strand offers solar packages on all its villas, making this development one of the first ultra-luxury community with this level of sustainability in the Caribbean.
Each of the residences is perched oceanside with direct access to the water below and ocean-facing bedrooms with uninterrupted views. The design-forward residences—in collaboration with RAD Architecture, Inc. and Modus Operandi interior design—are carefully hand-crafted to celebrate the island’s laidback lifestyle. Current residential offerings include:
New three-bedroom Villas have been introduced priced at $3 million. Each villa is capable of renting as three separate lock-off suites – each complete with three oceanfront bedroom suites directly overlooking the ocean with magnificent views. These dramatic villas offer the best in carefree island living while maximizing rental income. Each villa has a private plunge pool, outdoor shower and two-person soaking tub.
Turn-key two-bedroom Villas are designed with lock-off units on separate levels, offering one and two-bedroom layouts. Each exotic villa has its own plunge pool and outdoor shower and soaking tub. An optional rooftop terrace includes an open-air kitchen, bar, and dining space. The Villas have more than 3,000 square feet of indoor-outdoor living space and are priced at $2.45 million.
Elegant four- and five-bedroom Luxury Residences feature a dramatic two-story great room overlooking the pool and the Caicos Banks. The main house has four oceanfront en-suite bedrooms, a handcrafted infinity pool, and a lush courtyard with outdoor kitchen. Certain lots include a courtyard plunge pool and spa, one-bedroom guest house, and family/flex room. Each residence has a built-in overlook at the iron shore edge and a grotto beach. Luxury Residences start at approximately 8,300 square feet of indoor-outdoor living space and are priced from $6.8 million.
Six-bedroom, seven-bathroom Grand Residences are the largest and most luxurious residences with 14,000 square feet of indoor-outdoor living space. The main house boasts five oceanfront en-suite bedrooms, including a spectacular second-floor master suite. An expansive great room opens to a formal outdoor terrace and handcrafted infinity pool with endless ocean views. The courtyard features a plunge pool and spa, outdoor kitchen, family/flex room, and one-bedroom guest house. Residences offer a built-in overlook at the shore’s edge and a grotto beach. Owners will be able to fully customize the home and landscaping. There are three Grand Residences priced from $10 million.
Six oceanfront lots are set aside for custom homes. Starting at $3.5 million, each has more than 100 linear feet of Cooper Jack Bay coastline to the front and 100-foot yacht slip in the rear, making these lots—ranging from 0.7 to 1.28 acres—among the most unique offerings in the Caribbean.
The Somerset On Grace Bay is an elegant and impeccably built condominium development located on a prime position on our award winning Grace Bay beachfront. Originally completed in 2007 it has maintained its splendor, gracing the shores of the beautiful beachfront and welcoming back repeat clientele through the years. This full-service resort appeases the most discerning of owners and guests and has become a popular condominium choice for real estate purchasers this past year, as noted in the “Year In Review Market Report 2021”.
Trafalgar Terrace under the arched pavilion serves as the grand entry point to the resort amenities, such as the signature lap pool, infinity edge pool, and beach beyond which are the center of attraction surrounded by the residences. The resort offers luxury, residential accommodation in a few options; The Cottages which overlook the Croquet and Event Lawn, The Stirling House Villas overlook the resort pools, and the stately Oceanfront Estates. There are only 16 Oceanfront Estates within four buildings whereby each residence expands the entire floor on each level in a lavish square footage of exquisite details including marble flooring, granite countertops, crown and base molding details, custom gourmet kitchens and the finest of fixtures and fittings featuring the charm and warmth of Caribbean British Colonial décor.
We welcome you to view our listings at The Somerset On Grace Bay.
Cottage 1BStirling House E206Stirling House 203Welwyn Estate D-102
2021 Turks & Caicos Real Estate – Exceeding Wildest Aspirations!
The headline for our 2020 Year End Report read: “2020 Turks & Caicos Real Estate Market Closes Like a Champ”. Then, with each quarterly report throughout this past year, we witnessed record breaking sales and it became clear that we were heading for a historic year. And what to say about a supernova year where our annual sales volume increased 158.5% from $290M to $751M!! Where Single Family Homes accounted for a whopping $369M, up 137% over last year’s $155M, with average prices up 30%, from $1.72M to $2.25M. And where Condominium sales, led by the completion of The Ritz-Carlton, improved by 282%, from $59M to $225M, with a 33.5% increase in average price from $1.03M to $1.38M! With regard to the Condominium sector, we went well over a decade without a new Grace Bay vertical development, so The Ritz-Carlton fulfilled a huge gap in the market. With other projects in the pipeline, including Point Grace Phase 2 by Grace Bay Resorts, The St. Regis by the developer of The Ritz-Carlton and perhaps the long-awaited Andaz Residences, we should see some consistent Grace Bay condominium development. Demand continues to be frenetic for quality upper-level beachfront units with owners holding dear to their places. Days on market are short with high elasticity in price for the better inventory. The new projects will help to fulfill over a decade of pent-up demand and increase its share of all sales beyond the existing 30%. From Trophy properties to managed and stand-alone villas, Single Family Homes owned the day, accounting for 49% of the total market. Significant sales included Turtle Tail Estate at $20.25M, Coral Pavilion at $15M, Beach Enclave Grace Bay at $10.2M, Villa Chill at $10M (all Listed and Sold by TCSIR) and Villa Salacia at $16M (Sold by TCSIR). Several off market properties, at significant price points, transacted that were not recorded on MLS. New Development sales posted on MLS accounted for only 18% of gross sales volume in this segment, with most New Development sales still pending as the aforementioned figures do not account for the $460,000,000 in Pending and Conditional transactions on our MLS, led by South Bank, Rock House and The Strand. Raw Land sales also fared well, with a 115% year-on-year improvement, from $63.7M to $137M and a 54% increase in average price from $370,807 to $573,009. So, what to say, beyond wow! The colossal numbers aside, TCI continues to enjoy the excellent fundamentals we so often have written about, where quality, ease of access and use, freedom of movement and open outdoor space are treasured. We envision a strong 2022 ahead, albeit with some inventory restrictions, featuring a healthy balance of new development condominiums and villas, and perhaps some traction on our private islands. As always, we thank our team, clients, customers, industry colleagues, and the broader private and public sectors for their amazing adaptability, tenacity, and grace in navigating the Covid world. We never dreamed that through all of the significant challenges, we would exceed our wildest aspirations in 2021.
We have been quietly busy at The Strand getting ready for groundbreaking. The entitlement process through COVID has been grueling but we are finally at the end of the process and ready to start building. In that light we wanted to update you on the progress:
~ Excavation of the Marina is underway and we will start building the road base for paving Cooper Jack Road within the next week or two. ~ Water and Power has been brought to the site and distributed along Cooper Jack Road and Seaview Drive. All of the transformers have been ordered. ~ Building permits for the Luxury and Grand Residences should be delivered this week with earthwork and construction starting immediately thereafter. ~ Building permits for the Villas A and B buildings, the amenities and infrastructure including the beach creation are expected by the end of the year. ~ We have approximately $50 million under reservation and contract and land sales will be starting within the next week. This is right where we wanted to be for the start of construction, between 20% and 25% pre-sales on a dollar value basis. Now that we are ready to start and have a strong handle on our costs, we will be very aggressive selling through the upcoming season and our current sales activity is the strongest it’s ever been.
Come and visit to see the progress firsthand. We always enjoy showing the property so come on down and have a glass of wine on the sales deck or view the property from the water on The Strand’s Boston Whaler!
Warm regards, John Fair Developer & Managing Director
Building on the record breaking first half of the year, Q3, historically our slowest quarter, gained a whopping 319% over Q3 last year ($158,905,323 vs. $37,891,750), with year-to-date sales volume up over 150% over the first three quarters of last year ($496,710,829 vs. $198,330,657). These numbers represent historic events, of course, and with Canada and other countries now open for travel, we expect a strong fourth quarter with the caveat that all this great sales volume is resulting in constriction of inventory.
Led by a slew of trophy sales, and luxury villas (managed and standalone), single family homes have accounted for 56% of the total market y-t-d ($280,874,064 with an average price of $2,246,993) up 161% and 17% respectively. Condos account for 19.8% of the total market ($98,745,262) up 196% y-t-d). This number will normalize as new development condos at Ritz Carlton Grace Bay and Rock House are posted as closed. Raw land sales also displayed strong performance and have accounted for 21% of the total market and is up 123% year-on-year with an increase of 45% in average price from $397,363 to $576,371. Significant sales in Q3 included Coral Pavilion $15M, Footprints on the Beach $8.1M, Beach Enclave North Shore V4 $5.5M, Beach Enclave Long Bay V6 $5.45 and Hawk’s Nest Villa $2.77M.
Turks & Caicos Real Estate Sales Continue at a Breakneck Pace!
The TCI real estate market is seemingly ‘too hot to handle’ as we witness yet another record-breaking quarter in sales volume along with pending/under construction sales not recorded within this amount! This first half of the year has just closed out with a staggering $328M in sales volume which is normally TCI’s yearly sales volume – in a very strong year! That’s a 105% increase over last years 2nd Quarter with an average price increase of 26%. All segments of the market saw increases contributing to this incredible spike in sales. Significant sales noted in this 2ndQ were, Turtle Tail Estate $20.25M, Villa Salacia $16M, Casa Tremer $7.995M, and The Estate at Grace Bay Club G504 $5M.
The tourism industry is also witnessing record numbers in occupancy during this time as Turks & Caicos continues to flourish and to fulfill its destiny as a leading and premiere upscale destination in the Caribbean. The resilient Turks & Caicos real estate and tourism market has sustained economic growth and real estate sales for the past eight years, and we expect to see continued growth, with new and exciting projects in the pipeline. To continue reading, click link to download full report.
Following a breathtaking fourth quarter of 2020, the TCI real estate market has just closed an historical quarter of business with nearly $128,000,000 in closed transactions, up 60% over the same period last year with average price increases across each sector. What’s more, there are over $463,000,000 (you read that right!) in pending and conditional transactions and this leaves out another circa $100M in new development sales at the Ritz-Carlton Residences (set to open this summer), South Bank, Beach Enclave, Rock House, The Strand and other new Development projects.
There is a lot to unpack. First, it is clear for the post-COVID world that ultra-luxury and luxury markets have fully endorsed Turks & Caicos Islands as a preferred warm weather destination. Also, a vacation property is now much more than simply a lifestyle investment, but a life investment and often an integral part of work, play and community, contributing to taking our market to the next level. To continue reading, click link to download full report.
Turks & Caicos Real Estate | Caribbean 