Tag Archives: turks and caicos islands

6 Properties Sold with the Help of Technology

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Video provided by Kaieri Media

You may have heard the term “disruptor” being thrown around over the last few years. Uber Eats would be a well known example, as a company that caused radical change to an existing industry or market by means of innovation, in this case to the F&B industry. Air B&B would be another example of a disruptor company for the Hospitality industry. Though we technically can’t categorise COVID-19 as a company, the virus’s advancement worldwide, has caused radical change, not only to the way we do business in all private sectors, but also to the way we live. The term disruptor is somewhat misleading, in that it implies a negative interference with the norm. Though change on any level can be unsettling, the Uber Eats and Air B&B’s of the world have brought positive improvements to the F&B and Hospitality industries, by widening the traditional net of employment and consumer base through convenience and accessibility.

In 2020 the COVID-19 virus has been the disruptor of the Real Estate industry. Our process for selling homes still relies ultimately on the guiding principles of trust and connection with our buyers and sellers, but we have had to pivot quickly to replace what has traditionally been a face to face industry, marked by in person viewings and showings. With the help of the Sotheby’s International Realty brand and the importance placed on the use of technology, thankfully we’ve been in a position to make the most of our new reality and cater to our clients needs by hosting virtual spotlights, creating 3D virtual Matter-ports, and taking buyers on Facetime walk throughs. Below is a list of 6 properties sold, either wholly, or with the assistance of technology.

  1. The Wright House
Listed and sold by Michael Bovell

The Wright House in Chalk Sound, overlooks Silly Creek with waterfront vistas abounding. A perfect example of the power of technology to affect a sale and purchaser. The Wright House was listed in July 2020 and sold after 37 days on market, all, wait for it…virtually. The purchasers were familiar with Turks & Caicos and made contact with the listing agent who toured them through the property on Face time and found a connection for them – a perfect fit of homeowner with home – they loved the decor, the layout, the views, the location, and the property had signed contracts for its purchase within two weeks of the list date for $1.1M.

  1. Villa Rocco
Listed by Michael Bovell, sold by Dee Agingu

Just across the way from The Wright House, in private Silly Creek estate, Villa Rocco, a 4 bedroom waterfront home sold after 65 days on market for $1.5M. In the case of Rocco, both the listing and selling agent were within the Turks and Caicos Sotheby’s International Realty family. Again, Face time walk through was the technology of choice for the selling agent to familiarise the purchaser with the property, which was beyond their expectations.

  1. Water’s Edge
Listed by Patrick Staples

An oceanfront classically Caribbean home sits just on the Water’s Edge, as its moniker describes, with south facing views. Charming and idyllic, this 3 bedroom home on .6 of an acre was sold through a combination of the Turks and Caicos Real Estate Association network and technology. At $1.125M, the home sold after approximately 5 months, with a simple Face time walk through via iPhone, but with those views it’s easy to see why.

  1. Haven House
Listed by Dee Agingu, sold by Lisa Lopes

Sensing a theme emerging? Homes between $1-2M located in the area of Chalk Sound/Silly Creek are trending in the last few months. Haven House sold after 85 days on market for $1.1M. The three bedroom home was introduced to the buyers through a physical walk through once the islands opened up officially in July. Matter-ports were the technology of choice for these buyers, who reviewed multiple homes and dollhouse views before they were able to fly in for 48 hours. Once the scope had been narrowed, a Face time walk through was used to reaffirm their love for the property.

  1. The Grandview 302
Listed by Nina Siegenthaler and Richard Sankar, sold by Lisa Lopes

One of the prettiest little spots on the beach, the Grandview has long been an unimposing gentle residential resort with lots of appeal. Even so, the average time between listing and sale for condominiums usually runs between 12 – 18 months. This little beaut sold after 48 days on market from within the Turks and Caicos Sotheby’s International Realty family with the aid of a Face time walk through, for $1.5M.

  1. Villa Alamandra
Listed by Nina Siegenthaler, Sold by Imelda Burke

A Balinese dream and the second highest sale price in Silly Creek’s history – Villa Alamandra deviates slightly from the trends above, in that it has been on market a little longer than its neighbouring sales. What makes this story so unique is not the technology employed, Face time walk through was used here as well, but the fact the purchaser was a first time buyer in Turks & Caicos. At a sale price of $2.95M, that is a significant level of trust and investment in the country and the agents brokering this sale, and a reflection of the certainty the buyer had in this property being right for them. The confidence required to bring together the sale could only be achieved through the professionalism of the agents involved and the purchasers ability to see the property live.

In summary, we’re seeing an overall shortening of the length of time properties are sitting on market and a more focused view from buyers looking for the perfect home to ride out the remainder of the pandemic. COVID-19 has disrupted not just our way of doing business for the better, it’s provided buyers with the motivation to take the step(s) they have been dreaming about. For some that means the purchase of a larger home, for others it means investing in the Turks and Caicos real estate market for the first time.

At Turks & Caicos Sotheby’s International Realty we remain at the forefront of brokerage leadership with the use of technology. Whether it’s the importance we place on digital listing assets through the use of high resolution photography and video, 3D virtual reality tours and Matter-ports (special shout out to our amazing Marketing Director Denise Douglas for putting these together), our apple TV app, streaming and syndication capabilities, our use of augmented reality through CURATE and Ro0omy, or simple Face time walk throughs to ensure we’ve found the right fit for our buyers and sellers. At Turks and Caicos Sotheby’s International Realty we believe in pivoting and staying ahead of the curve. No not that curve…which has now been flattened in the Turks & Caicos. Special acknowledgment to the Turks & Caicos Government for a job well done on flattening the curve, and providing the country with the Stamp Duty Tax reduction during this difficult time.

p.s. The Stamp Duty Tax reduction is still in place until 30th December 2020 on land and properties up to $2M.

Turks & Caicos Homes For Sale $1M – $2M

Turks & Caicos Condos For Sale $1M – $2M

Turks & Caicos Land For Sale $1M – $2M

By Courtney Chapman

11th November 2020

Six $10M+ Home Sales in Turks and Caicos in the Last 5 Years

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The Residence: COMO Parrot Cay, Turks and Caicos Islands

In the last decade, Turks and Caicos Islands (‘TCI’) has become known as a preferred location for High Net Worth (‘HNW’) and Ultra-High Net Worth Individuals (‘UHNWI’).

With year-round sunshine, clear turquoise waters and easy accessibility from most major North American cities and London, UK, it is easy to understand why TCI’s real estate market has moved from strength to strength. Strong fundamentals: an economy utilising the US dollar, a friendly local government strengthened by a UK Governor, a handful of innovative and professional architects, builders, and real estate professionals, and no annual property taxes sustain the market. 

More importantly however, this rise to fame as a HNW and UHNWI location, is directly attributable to one serendipitous timeline that begins in the late 80’s with the first wave of development.  This period and slow crawl towards tourism saw quality low-density condominium resorts arising with a maximum of 3 levels, a requirement that remained in place until the 90’s with small increases in the 2000’s. This low-density mindset has left much of TCI relatively untouched, providing ample space for private development amongst generous backdrops, and has ensured its attractiveness to the HNW and UHNWI, many of whom lead busy lives and look to our market for second or third homes that provide privacy, tranquility and natural beauty.  

If you have never visited TCI, imagine the tranquility of the beaches of Cayman Islands or Barbados, but without swarms of beach loungers or someone trying to sell you a trinket, now breath out 😊, and let me walk you through some of our most impressive sales of the last five years.

1. Celebrity Home Sale in Parrot Cay

The Residence: COMO Resort, Parrot Cay, Turks and Caicos Islands

In July 2019, The Residence sold for $27M, weighing in as the second highest sale price in TCI (hint-hint: the highest sale price was also located on Parrot Cay). With box-office record breaking films like Die Hard, Pulp Fiction and the Sixth Sense under his belt, this American actor with German roots fell in love with a plot of land in Parrot Cay in the 1990s and set about creating a family compound which spanned roughly 8 acres and includes three homes, set apart distinctly over a remarkable sunset-facing beachfront cove. With 11 bedrooms, wrap around decking and an expansive 35,000 SF, this home saw multiple birthdays, summer and winter holidays, and most recently a vow renewal, before it took its place with its rightful new owner. 

2. A Musical Legend’s Estate Sells in Turtle Tail

Prince’s Island Estate: Turtle Tail, Providenciales, Turks and Caicos Islands

This is what it sounds like when…. history is made and one chapter closes. The musical icon that brought us hits such as “Purple Rain”, “When Doves Cry”, and my personal favourite “Raspberry Beret”, purchased land on a rare peninsula in Turtle Tail, housing only one other neighbour. Complete with two adjacent waterfront land parcels of 2.74 acres, this Estate’s glory is attributable not only to its legendary ownership, but also due to it selling in under five months on market. The 5.74 peninsula with 6 bedrooms over nearly 10,000 SF sold after utilising Ro0omy technology to virtually curate the interiors, in June 2019, for $10.8M.

3. A Beachfront Bajan Beauty sells along Grace Bay 

Coral House: Grace Bay, Providenciales, Turks and Caicos Islands

Coral House: an Oliver Messel inspired design based on the coral stone homes he famously created in Barbados, can be found along Grace Bay beach.  It is hard to miss this timeless masterpiece. Coral House sits proudly and peacefully on powder white sand with easy ocean access, marking the beginning of the more residential zone of Grace Bay beach. At over 12,000 SF, with a gourmet kitchen, 6 bedrooms, a library, office for those zoom calls, breakfast room and more, Coral House is a dream family home.  Neighboured by its sister property Coral Pavilion (sold in 2019 for $9.12M and available for private rentals via islandhouselvm.com), Coral House has no other immediate neighbours, enhancing the appeal of its locale. This rare home sold for $10.6M in October 2019.

4. Private Home Sale at COMO Parrot Cay Turks & Caicos 

Serenity Villa: COMO Parrot Cay, Turks and Caicos Islands

Serviced by COMO Parrot Cay, Serenity villa sits amongst an unequaled panorama of unspoilt beach, luminous ocean, and infinite skies. With 373 feet of sugary sand over 5.38 lush acres, the home is nestled in a stunning half moon bay, offering 8,645 SF of impeccable living under roof. Serenity Villa is a beachfront estate like no other, with a design ethos that is sensitive to its surroundings, reflecting the glorious natural aesthetic for which Parrot Cay is known. The property sold for $17M during the summer of 2017 and marks the third most expensive home sale on the exclusive island of Parrot Cay.  This private sanctuary near the water’s edge includes high-speed Wi-Fi and custom music (part of the villa’s master AV system), a refreshing outdoor shower and a beautiful cabana with a suspended circular daybed.

5. Dreams from Dallas Sold in COMO Parrot Cay Turks & Caicos 

Oliver’s Cove: COMO Parrot Cay, Turks and Caicos Islands

Oliver’s Cove is a property close to my heart – it is as traditional as it is eccentric. With swathes of Royal Palms and verdant lawn, the elegant Caribbean exterior design alludes to the home of Oscar De La Renta in Punta Cana, but step inside and marvel at the surprisingly eclectic mix of antiques and custom touches. Hand-troweled Venetian plaster throughout, with aged exposed timber beams, hickory flooring and a pair of antique French doors at entry to the home, set Oliver’s Cove apart as a premier estate on the private paradise of Parrot Cay. With 7 bedrooms between the Main House and Guest House and nearly 800 FT of beach frontage over 6.54 acres, Oliver’s Cove set a record-breaking price when it sold in February 2016 for $27.45M, making it the highest sales price in TCI.

6. Amazing Grace in Leeward Set the Pace for Emerald Beach

Amazing Grace: Leeward, Turks and Caicos Islands

Amazing Grace sold in 2015 for $15.1M in the exclusive eastern end of the residential neighbourhood of Leeward, known as Emerald Beach. Emerald Beach is home to mega-estates, all of which benefit from wide expanses of virtually private beachfront. At Amazing Grace, white-washed interiors provide a sense of peace throughout while the traditionally Caribbean property boasts 282 feet of superb white sand beachfront right outside. With 8.4 acres, it was sold complete with direct and canal and dock access, a popular feature amongst the ultra-luxury properties of this location. Since the sale of Amazing Grace, Emerald Beach has become better known as a location for those searching for exclusivity and tranquility

The TCI HNW and UHNWI market is on the rise, with no signs of letting up in the face of a pandemic. In fact, the appeal of our fundamentals seems to be on the rise too.

By Courtney Chapman

14th September 2020

Second Home Significant Properties – 5 Beach and Waterfront Homes with Style

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By Courtney Chapman 

20th August 2020

Turtle Tail Estate, Turtle Tail, Turks & Caicos Islands 

With the onset of the COVID-19 pandemic, people the world over are reassessing their needs and living situations. With rising numbers fleeing to the suburbs, we are seeing renewed importance placed on homeownership that values privacy amidst natural surrounds. A retreat that acts as both sanctuary and with functionality, to meet the needs of modern families in our “new normal” enivorn, where it’s proving possible that we may be experiencing “togetherness” with only our immediate family members for some time to come. The hour long work commute is quickly being replaced by home offices, and classrooms of 25+ children with quiet mutifunctional spaces for homeschooling.  What was once the convenience of life in the city center is rapidly being replaced with the quest for tranquility, a type of peace of mind that is achieved only through living your day-to-day in a remote location. If you too are reprioiritising your life focus towards health, longevity, closeness of family and calm surrounds, here are 5 properties that will ease your spirit and tick every box on the list. 

Complete privacy and seclusion in Turtle Tail, Turks & Caicos Islands

Turtle Tail Estate – Turtle Tail, Turks & Caicos Islands 

With multiple pools and unparalleled infrastructure, including an ocean facing home office, fitness center, home theatre, and commercial kitchen, Turtle Tail Estate, has been masterfully executed as more than just a private home.  It is essentially an ultra-luxury resort onto itself, with onsite amenities such as a tennis court, games room, wine cellar and a 75’ private boat dock for yacht mooring. Add in 270-degree views from its position on an elevated 4.57-acre peninsula all on its own, masterfully executed architectural and interior detail, and this well managed family resort-like retreat provides everything you might be looking for. 

Multi-generational opportunity in Emerald Point, Turks & Caicos Islands

The Peninsula at Emerald Estate – Emerald Point, Turks & Caicos Islands 

Perfectly positioned on the eastern end of Leeward’s sought after North shore, the Peninsula at Emerald Estate offers a once-in-a-generation opportunity to reside in a tropically landscaped private cul de sac, with views and access to an assortment of uninhabited cays to the east, and renowned Grace Bay beach to the west. Four custom pre-construction beach house designs embody high-level soft contemporary design, with interiors by B&B Italia, on approximately 1-acre beachfront sites, that take care to embody the natural beauty of their location. After you’ve wrapped your head around the unprecedented frontage, 215 – 320 feet, take your private boat from Leeward canal just behind the property and explore the majestic beaches of Donna Cay, Little Water Cay and beyond. 

Quintessential Caribbean charm in Turtle Cove, Turks & Caicos Islands

Lizard Lounge – Turtle Cove, Turks & Caicos Islands 

Impeccably detailed throughout, this newly completed (2019) stunning classical Caribbean villa boasts a beachfront pool, hot tub, grill station, al fresco dining and lounging, with an electronic gate, solar, propane and full backup generator, and that’s just naming the outdoor features. Once you enter Lizard Lounge, a family-friendly vision of luxury presents through a large island kitchen with entertainment bar, Miele appliances, stone tile flooring, traditional Caribbean ‘pickled’ timber flooring, elegant and extensive custom millwork and built-ins and more. Even the name of the road it lives on is quintessentially Caribbean, come and see the home for yourself on “Coconut Road”, Turtle Cove. 

Contemporary living in a boat lover’s community in Long Bay, Turks & Caicos Islands

Dune Villas, South Bank – Long Bay, Turks & Caicos Islands 

Bedded into the landscape, the two Dune Villas at South Bank, revere the horizon line from atop a 25 ft. dune on the western end of Long Bay beach in the esteemed Ocean Estate neighborhood. With over 3 miles of unspoilt beachfront, and some of the finest ocean views stretching in front of you, unencumbered (glass balustrades) and vast in their southern facing vantage, South Bank is a resort and marina community with something for everyone. There are two other waterfront neighborhoods, including 1 – 3-bedroom Boathouses and smaller 3 – 5-bedroom beachfront homes, all with their own unique relationship to the water. Amenities for the Dune Villas however, include an elevator to take you over 3 floors (yes there are 3 floors!), prep kitchen, multifunctional room for gym, office, staff quarters or similar, owner’s storage & a two car garage, as well as access to a clubhouse, spa, private lounging islands and a slew of boat lover perks like fueling, provisioning, and wet/dry docking for preferential rates.  

Move in ready beachfront oasis in Emerald Point, Turks & Caicos Islands

Villa Chill – Emerald Point, Turks & Caicos Islands 

In addition to six bedrooms benefitting from beachfront views, Villa Chill also boasts a further two bedrooms, located in a standalone guest house with its own private plunge pool. Spanning 11,000 total square feet and 120 feet of frontage in the safe-haven of Leeward, known for its seclusion, one of the finest beaches is steps from your door, and the views are stellar, the whole house having been raised above grade to take full advantage of the beachfront position. Retreat here and enjoy time with your nearest and dearest full time, or as a seasonal residence, for vacation use or lucrative short-term rentals. 

With multiple beachfront options at your fingertips, the homes here will be sure to appeal to both the solitary recluse and the adventure seeker in you.  What are you waiting for?

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