A WEALTH OF INSIGHT… The Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report was designed to provide valuable insights into the ultra high net worth population’s appetite for luxury residential real estate around the world.
The 2014 Turks & Caicos real estate market went out with a bang, on the strength of a great December of production, highlighted by the sale of a major TCSIR listed development parcel in North West Point for $23M. This strong finish helped lead a 20% $ volume increase over last year ($210M vs. $174M) with a 17% increase in average price. Passing the $200M benchmark is a sign of market health and provides a strong basis for future growth once new development fires up within 2015.
Slow Down in Turks & Caicos Islands
An increased demand for second homes in a tropical setting has prompted developers and homebuilders to ramp up construction. Residents of the British-dependent territory enjoy legendary diving, snorkeling and fishing and a slower pace.
BEACH ENCLAVE is pleased to announce that construction has commenced on Beach Enclave, a premier, gated, beachfront, single family villa development combining private home ownership with tailored rental and management services.
Dallas investor Robert Haas and his wife Candice named the home they built on a Caribbean island “Oliver’s Cove,” after the first of their many rescue dogs. The guesthouse is named after Elmer, another canine family member.
The couple, who spend 60 to 90 days every year on their roughly 6½-acre estate on the island of Parrot Cay in Turks and Caicos, likes to bring two of their dogs with them each time to the house, which has an outdoor dog run with a fountain. But after many years, the Haases, who also have homes in Dallas and Malibu, Calif., have decided to put the property on the market for $48 million, citing the fact that all three of their human children now live on the West Coast.
As for the dogs, “I haven’t had the heart to tell them that we’re selling,” quipped Mr. Haas, 67, who became known in the 1980s for his leveraged buyouts, particularly a deal that combined Dr Pepper Co. and Seven-Up Co. More recently, he has published several books (one of them—“Miracle Man: 100 Days with Oliver”—was inspired by the property’s namesake).
With nearly 800 feet of beach frontage, the property includes a roughly 7,000-square-foot main house with four bedrooms, five full bathrooms and one half bath. Clad in coral stone with a cedar-shingle roof, the main house also has a fitness room and a two-level great room. Outside Mr. Haas’s study there is a Zen garden where he likes to spend time meditating. The guesthouse next door, nicknamed “Elmer’s Bay,” measures almost 2,500 square feet, with three bedrooms and three bathrooms. Both houses sit on the sand, each with its own pool.
The roughly 1,000-acre private island is the site of the luxury resort Parrot Cay by COMO. Homeowners on the island have access to hotel amenities, such as room service, housekeeping and spa services. Other owners include Bruce Willis, Donna Karan and Christie Brinkley, who is listing her home there for $9 million.
The property is being sold furnished. Building and furnishing a home on a secluded island that has no stores on it “isn’t easy,” said Mr. Haas, who said barges were used to transport construction materials and furnishings.
The property is listed with Nina Siegenthaler and Joe Zahm of Turks & Caicos Sotheby’s International Realty.
Oct. 16, 2014 5:18 p.m. ET
We are pleased to report continued strong growth in the residential sector through Quarter 3 of 2014. Single Family Home and Villas lead the way with a 99% leap in $Volume over Q3 last year . . . Click here to read more
Christie Brinkley’s Beach Home!
The description, “tall willowy and blond,” was considered to be the ideal woman long before the beauty with the smiling eyes, Christie Brinkley, was first discovered in a Paris post office in 1973 by American photographer, Errol Sawyer. As a self-described “California surfer girl,” she certainly never thought of herself as a model, but decided to give it a go when Sawyer introduced her to John Casablancas of Elite Model Management agency in Paris. After talking with him, she flew back to California to meet with Nina Blanchard, the Eileen Ford affiliate in Los Angeles, and from that point was propelled into the the modeling career of a lifetime. Most widely known for her record breaking successive Sports Illustrated swimsuit covers from 1979 to 1981, she also broke the record of having the longest contract in history for Cover Girl that lasted 25 years. Brinkley has graced the covers of almost every fashion magazine, appeared in roles in the National Lampoon’s Vacation films and has now appeared on Broadway as Roxie Hart in Chicago.
What sets Christie aside from most top-tier models is her astute business sense. Starting by producing two of her own calendars after the success of the Sports Illustrated swimsuit calendars, to amassing a fortune in real estate, mostly in the Hamptons, to writing, illustrating, appearing on sitcoms, designing clothing patterns and now with her own wig company, Hair2Wear, Christie has accumulated a net worth over $130 million. Not a flamboyant spender, she takes pride in managing a rather low key lifestyle. Now at age 60, Brinkley is selling her beach home where she and her children happily frolicked and spent valuable time together away from the eyes of the paparazzi, at her private beachfront island paradise in Parrot Cay in the British West Indies’ Turks And Caicos islands.
Parrot Cay is a private oceanfront resort of 1,000 unspoiled acres along more than a mile of white powder beach. Brinkley’s Lucky House is sited on 1.6 acres facing ocean sunsets from its 200 feet of beach. Surrounded by lush tropical landscaping, the 3,400-square-foot main house has three bedrooms, all with ocean views, four baths with the master suite located in its own detached pavilion only steps from the sand. Interiors exude the tropical feel with whitewashed walls, wood beams and floors. Outside is the infinity pool, terrace and gardens with a two bedroom guest house/staff quarters with additional storage and golf buggy garage. Resort amenities include the award-winning COMO Shambhala Retreat, which provides a range of holistic, Asian-inspired therapies as well as Yoga and Pilates. Services include estate management, private butler service, daily maid service, and in-villa dining. When not in residence, the property can be put into rental management and has been rented for over $8,000 per day. For more information.
Christie Brinkley’s private tropical paradise retreat is now on the market. Previously priced at $10.75 million, now reduced to $9 million.
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Turks & Caicos Sotheby’s International Realty visit ONE Sotheby’s Realty corporate office in Coral Gables, Florida.
Making great connections and working together as global real estate advisors our partnerships with 720 affiliate offices in 52 countries and territories worldwide provides an unparalleled advantage in locating the best properties and investors, Sotheby’s International Realty is truly the only luxury real estate brand with a vast network and global footprint.
Pictured from left to right, Gus Rubio, COO, ONE Sotheby’s Realty, Joe Zahm, President, Turks&Caicos SIR, Nina Seigenthaler, Vice President, Turks&Caicos SIR, Daniel de la Vega, President, ONE Sotheby’s Realty
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August 21, 2014 | 7:01 am
The Turks and Caicos Islands received a total of 199,347 stopover arrivals in the first half of 2014, a 25 percent increase compared to the same period in 2013, according to newly-released government figures.
That represented the largest improvement of any Caribbean tourism destination with complete reporting for the first half, according to an analysis of Caribbean Tourism Organization data by Caribbean Journal.
The growth was driven by a strong winter and spring tourist season, the government said.
Above: the Parrot Cay resort in Turks and Caicos
The United States was the British Overseas Territory’s largest source market, accounting for 161,385 stopover arrivals, a 28 percent improvement over 2013.
The territory’s second-largest market, Canada, brought in 22,593 arrivals, a 14 percent improvement compared to the first six months of 2013.
The territory also reported increases of 17 percent and 86 percent from France and the United Kingdom, respectively.
While it accounted for a small percentage of arrivals, the territory saw a 57 percent improvement in arrivals from Brazil.
“I am extremely thrilled to know that the number of tourist arrivals are up. This attests to the fact that despite the challenges being faced throughout the world economies, travel has sustained the necessary cutbacks in leisure spending and further, our beautiful by nature Turks and Caicos Islands remains the destination of choice,” Turks and Caicos Premier Dr Rufus Ewing said. “I am extremely optimistic and confident that our numbers will continue to climb and that our high end luxury brand destination will deliver the highest numbers that our industry has ever seen.”
In a statement, Tourism Director Ralph Higgs said the tourist board was projecting a total of 1.35 million visitors to the destination for 2014, including cruise visits.
“With the Providenciales International Airport nearing completion, we hope to improve our visitor’s experience from the point of entry until their return; ensuring that the Turks and Caicos remains top of mind, strengthening positive visitor’s reviews and referrals, thus continuing to grow our land-based arrivals in the future,” he said.
By Caribbean Journal Staff
Let’s face it…it ain’t summertime without at least spending a few days at the beach soaking up the rays and relaxing with family and friends. In the spirit of summer, we’ve gone to the travelers community at minube.net travel community to find the best beaches from around the world, those drops of white sand paradise that we yearn for all year round. From South Pacific desert islands to the coasts of Europe and Africa, here are the 40 best beaches on Earth.
1.) Grace Bay, Turks & Caicos
Everyone who sets foot on the white sands of Grace Bay comes to the same conclusion: this is paradise. Not only is the beach incredibly long and relatively crowd-free, it’s also surrounded by reefs that’ll make any avid snorkeler drool. (Photo by Daniel E. Castaño)
By Huffingtonpost minube Travel planning website and community
Turks & Caicos Real Estate | Caribbean 