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.
With sister islands like South Caicos gaining more attention and land opportunities shifting, investors are looking beyond the well-trodden paths of Provo to discover what’s next.
Potential Beyond Providenciales
In a destination defined by shimmering turquoise seas and white sand beaches, it’s the land you can’t see—quiet peninsulas, unspoiled coastlines and hidden ridgelines—that holds the real promise.
In Turks and Caicos, where development has long centered on the main hub of Providenciales, the conversation is evolving. Investors are now turning their gaze outward to the sister islands, where life is a little quieter, the pace is slower and the landscapes are raw. From sweeping beachfront parcels on North Caicos to ultra-luxury villas emerging on South Caicos, real estate in these outer islands isn’t just an escape—it’s a chance to be part of what’s next.
Rarity on Grace Bay, Boundless Opportunity Next Door
The Turks and Caicos real estate market in general continues to flourish, reinforcing its reputation as one of the Caribbean region’s most desirable luxury destinations. In the first quarter of 2025, the islands recorded more than $173 million in total sales—up 23% from the same period last year. Whether it’s oceanfront estates or sleek, modern villas, buyers are clearly confident in the long-term value of Turks and Caicos.
But while the market is strong, a deeper look at the data reveals an interesting twist: land sales declined year-over-year in Q1 2025. It’s not a downturn—it’s a shift. The pace of land sales on Provo has slowed, not due to lack of demand, but because prime land is becoming increasingly scarce.
On Provo, especially along the highly coveted Grace Bay, the most sought-after parcels are few and far between. Current offerings include a 6.17-acre beachfront commercial development parcel with 526 feet of shoreline, but these opportunities don’t last on the market for long. For buyers seeking space to build or develop, the options are narrowing—and the spotlight is shifting.
More investors are now exploring the sister islands, where land is more abundant, price points are lower, and the long-term growth potential is enormous. These quieter islands, long appreciated for their natural beauty and viewed as a restful respite from “city life” on Provo, are now part of a broader real estate conversation. And Turks & Caicos Islands Real Estate Association sales associates and Experience Turks & Caicos tourism are helping to lead the way.
Land remains one of the most strategic long-term investments in Turks and Caicos. With low holding costs, minimal maintenance and the flexibility to develop when the timing is right, land offers both security and potential. For investors with vision, purchasing land today—particularly in emerging areas or with beachfront access—means securing a piece of a market that continues to appreciate as development expands across the islands.
Grace Bay Beachfront, Lower Bight Rd, 6.17 Acres
Spotlight on South Caicos Real Estate
Perhaps one of the most notable developments in 2025 pushing a shift in interest to the outer islands is the arrival of direct flights from Miami to South Caicos International Airport. With American Airlines now operating regular service, this once-remote island long known as a top fishing destination is suddenly within easy reach of U.S. buyers and travelers.
This increase in accessibility is perfectly timed. South Caicos, the islands’ fishing capital and once the main salt-exporting island in the archipelago, is on the cusp of a transformation while remaining rooted in authenticity. The upcoming Salterra Resort and Spa and new ultra-luxury estates at Sailrock are setting the tone for elevated, low-density development that complements the island’s natural charm.
A Broader Island Investment Strategy
Beyond South Caicos, other sister islands are gaining attention as well. The tranquil islands of North and Middle Caicos, accessible via a 30-minute ferry ride from Provo and connected by a causeway, are known for their lush greenery, unspoiled beaches and more traditional island lifestyles. It’s these qualities that are quietly attracting more interest from buyers. North and Middle Caicos offer expansive land parcels and more accessible entry points for those looking to hold, build or contribute to the next phase of sustainable development in the Turks and Caicos.
For some, this shift represents an investment strategy. For others, it’s about lifestyle—owning on one island while vacationing or renting on another. Either way, this diversification marks an evolution in how buyers engage with the real estate market here.
Current land offerings on North Caicos include a 22.83-acre beachfront development site at Sandy Point for $11.1 million, and a 5-acre peninsula lot for $8 million. Both of these land options offer extraordinary scale and potential for bespoke estates or boutique resort concepts—they just need the right visionary investor. And they’re just a taste of the opportunity that exists on these two sister islands that offer a glimpse into life on Provo as it was 50 years ago, when it was a largely untouched paradise ripe with opportunity.
The Peninsula North Caicos Beachfront, Bottle Creek, 5 Acres
Provo Remains a Real Estate Powerhouse
Don’t count out our powerhouse island—Provo is far from being eclipsed. The main hub of the islands remains the heart of the Turks and Caicos real estate market. Its appeal lies in its robust infrastructure, ease of access and a range of luxury neighborhoods to choose from. From Grace Bay to Long Bay, Blue Mountain to Sapodilla Bay and beyond, Provo continues to attract buyers looking for established value and turnkey homes.
In fact, there is still a broad range of inventory available on Provo—from ocean-view villas to modern condominiums—ensuring that it remains a key option for both seasoned investors and first-time buyers.
Beach Enclave Grace Bay, Villa 2, Grace Bay Beachfront, Providenciales
The Future of Turks and Caicos Real Estate
As demand continues to grow and the reach of development expands, the Turks and Caicos real estate market is entering a new era. The opportunity is no longer confined to the familiar. With improved access, thoughtful development and strategic foresight, the sister islands are not just the future—they are the now.
Whether you’re looking for a beachfront home, a development parcel or a hidden gem on a rising island, Turks & Caicos Sotheby’s International Realty are your trusted network to what’s next. Contact our office to learn more about real estate opportunities in Turks and Caicos, or find the perfect property for you by browsing our current property listings.
Experience EPIC Theater
Discover EPIC Theater, a cutting-edge immersive experience that’s redefining how real estate is presented and sold across the Turks & Caicos Islands—especially in the more remote outer islands.
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.
On June 12th, Windward, the developer of South Bank Resort hosted an exclusive open house that welcomed brokers and esteemed guests for a glimpse into the highly anticipated lifestyle at Arc Sky Villas. Guests gathered in the future 2A and 2B Sky Villas to take in the absolutely stunning western-facing panoramas, where ocean, sky, and sunset collided in a truly captivating display. The event showcased not only the spectacular views but also South Bank’s elevated hospitality, with seamless catering that reflected the world-class service and attention to detail future Arc Sky Villas owners can look forward to.
Nina Siegenthaler, Vice President of Turks & Caicos Sotheby’s International Realty, joined fellow TCSIR agents in experiencing the views before continuing up to the development’s fourth level. There, they witnessed firsthand the steady construction progress—slab pouring for that level begins this week. It was a powerful moment, offering a tangible preview of the bold vision unfolding at South Bank’s highly awaited neighborhood.
ARC SKY VILLA 2A Now Reserved In perfect timing ahead of the event, the reservation of Arc Sky Villa 2A was finalized—an exciting and worthy celebration. Spanning an impressive 6,150 square feet, including 3,220 square feet of outdoor living, Sky Arc Villa 2A brings the essence of a villa into the sky. With expansive terraces and lush tropical spaces, it offers a seamless blend of indoor-outdoor living, redefining luxury with breathtaking ocean views from every angle.
With momentum building and interest growing, only a limited number of residences remain at the prestigious South Bank Resort. Offering an unmatched combination of architectural excellence, oceanfront living, and luxury amenities, South Bank—and in particular, The Arc Sky Villas—continues to stand as one of the most sought-after and exclusive offerings in the Turks & Caicos real estate market.
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.
Wake up to birdsong. End your day with the sunset melting into the Caicos Banks. The Dunes Estate Villa is your front-row seat to South Caicos’ dual-coast wonder—and a beautifully modern take on tranquil island living.
A Thoughtful Island Retreat
This newly offered three-bedroom + media room, four-bathroom villa sits on 138 feet of direct beachfront and is being delivered fully furnished with a curated turnkey package. Contemporary architecture meets island comfort, with a light-filled Great Room, vaulted ceilings, and floor-to-ceiling glass doors that open onto a pool terrace and covered lounge areas.
Interior Highlights Include:
Chef’s kitchen with breakfast bar and premium appliances
Two primary suites with ocean views, private terraces, soaking tubs, and lush garden showers
Third ocean-view bedroom with ensuite and outdoor shower
Media room that doubles as a fourth bedroom
Dedicated office, laundry room, garage with storage, and owner lock-out
Exterior Living Features:
Sunset-facing pool terrace
Fire pit and outdoor lounge
Daybed platform and built-in grill station
Enjoy complete seclusion, yet stay as connected as you choose. Here, the pace slows. The charming local fishing town of 1,200 welcomes visitors with smiles and stories. There are more donkeys than cars, no crowds, and unspoiled landscapes to explore—just you and miles of untouched beauty.
As an owner at Sailrock, you’ll also have access to turnkey villa management and rental services, ensuring hassle-free ownership and income opportunities for your investment.
Now under construction and set for completion in early 2026—schedule your Discovery Visit today and start enjoying this incredible villa in under six months!
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.
14 Bedrooms, 1.53 Acres with 142′ of Ocean Frontage
Luxurious, ocean villas all boasting their shades of blue make up the Ocean Dream Villas, which consists of 14 bedrooms, 12 bathrooms and 2 half baths across 1.53 acres with 250 ft of water frontage. Villas Azur, Aqua and Blue, all named for their mesmerizing views over the turquoise waters of the Long Bay oceanfront, are perched hillside and nestled in with many other multi-million dollar luxury vacation rentals of the neighborhood.
Villa Azur is comprised of a 4 bedroom main house with 1 bedroom adjacent studio totaling 7,745 sq ft with 4,285 sq ft of interior space. The expansive exterior space of 3,460 sq ft is equipped with outdoor dining areas, lounge chairs, pool and additional outdoor seating allowing for soaking up the sunshine and cool breezes of the hillside.
Villa Azure
Villa Aqua, the second oceanfront villa is a stunning 5-bedroom, 4.5 bathroom modern luxury villa boasting 3,760 interior sq ft spanning over 148 ft of water frontage. To add to the distinctive beauty of this home, each bedroom suite uniquely features an ocean view from the contemporary finished, expansive spaces. The studio lockout portion of Villa Aqua which features its own private plunge pool further expands this villas versatility as it can be rented as a 4 bed or 5 bed. Last, but certainly not least we have Villa Blue, the 4-bed ocean view villa with a standalone studio guest cottage.
Villa Aqua
Villa Blue boasts high ceilings and panoramic views which can be enjoyed from both the common spaces as well as the bedrooms. With 1,800 sq ft of interior sq ft coupled with approximately 3,100 sq ft of exterior space, the open concept of this villa can be enjoyed by the entire family. The guest cottage which is just over 1,200 sq ft is quaint and perfectly positioned on its own. The custom-designed, sleek kitchen is equipped with stainless steel appliances, modern finishes and ocean views across the dining room. All common areas feature ceramic floors with local stone detail, providing shaded dining and seating areas and a chef grill. Each bedroom suite uniquely features an ocean view from the contemporary finished, expansive spaces.
Villa Blue
These homes were thoughtfully designed by TDMG a leading contractor on the island and is currently professionally managed by the exclusive TKCA Vacation rentals and has done incredibly well on the short-term rental market.
This development is an investors’ dream… each villa is available for purchase individually as well.
Contact the listing agents below for more information about this property.
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.
When potential buyers join Joe Zahm or one of his agents in the Epic Theater adjacent to his office, they aren’t there for the latest blockbuster movie. Instead, they are taken on an immersive tour of the luxury homes available now—and in the future—among the 40 islands that make up Turks and Caicos.
“When I saw a theater like this in Vail [Colorado], I immediately wanted to bring it to our office,” says Joe Zahm, president and broker of Turks and Caicos Sotheby’s International Realty. “There’s nothing else like it in the Caribbean: a 9-foot high by 16-foot wide wall screen that we use to project every development and property in 3D.”
Zahm, who helped create the market for luxury condos and villas in Turks and Caicos over the past three decades, says Epic Theater is a gamechanger for selling luxury real estate.
“Prospective buyers can learn more in an hour or so in our theater than they can in three days of driving around the islands,” he says. “People can quickly understand the differences between various locations and properties to narrow their focus from multiple properties to two or three options.”
These presentations include Google Earth and drone footage, renderings, floor plans and 360-degree views of developments and available units, all presented with insights from agents in an immersive experience generated by the 3D imagery and sheer size of the screen.
At least one buyer closed on a US$10 million villa with only one visit to the property, Zahm says, adding that Epic Theater also “generates ideas for developers when we bring them in to look at projects.”
From Condo Communities to Luxury Villas
With more than US$5 billion in sales since he started out in Turks and Caicos in 1990, Zahm has long worked alongside property developers who know he brings decades of insights into the culture and market of the islands.
“I’ve been in the vacation business since I was a teenager,” says Zahm, who began his career as in-house attorney for Keystone Resorts in Vail. “A friend bought land in Turks and Caicos and when I visited him, I thought I’d stay and work here for three years—which turned into 35.”
Using his experience at Keystone, he introduced new operating standards, including contract documents and the first reservation software to be used at Turks and Caicos developments. From 1990 until the mid-2000s, his work focused on creating residential condo communities.
Over time, these communities evolved from 3-star to 5-star resorts, with owners typically renting their units exclusively through the management company. Prior to this, Turks and Caicos mostly had all-inclusive resorts or condos, rather than this hybrid model offering both resort amenities and homeownership.
Zahm merged his company with Sotheby’s International Realty in 2009 and, from 2011, began working with developers to create a luxury villa market in Turks and Caicos.
“The villa model had far fewer barriers to entry at a time when the luxury market was still recovering from the global financial crisis. It worked well for developers and for buyers,” Zahm explains. “We went from developing vertical developments to villa community resorts. Now both are an important part of the Turks and Caicos property market.”
Taking the Island Market International
Today, condos in Turks and Caicos achieve an average sale price of US$1.5 million, while villas in resort communities range from US$3 million to US$20 million, Zahm says.
“When I came to Turks and Caicos, I was immediately absorbed by working as a consultant, as well as a broker, to optimize the product quality and the sell-through process,” says Zahm, who served on the islands’ Tourist Board and co-founded the Turks and Caicos Resort Association.
He says there is “an interesting international market” in Turks and Caicos. From 2017 through 2020, total annual sales on the islands were approximately US$300 million. From 2021 through 2024, they reached an average of US$710 million, a 151% increase, Zahm says. Average prices rose 50% over the four years from 2021 through 2024.
“During the pandemic years, single-family home sales dominated the market, but now we’re seeing an increase in condo sales among new luxury developments,” he says, citing The Point by Grace Bay Resorts, ARC Sky Villas at South Bank, Andaz Turks and Caicos by Hyatt, The St. Regis Residences, and The Loren at Turtle Cove. “We’ve also seen a new benchmark for luxury standalone homes with a US$30 million-plus sale in 2023 and 2024.”
Turks and Caicos has high-quality inventory available now along with new development and the pipeline of demand that starts with tourism shows no sign of slowing down, says Zahm. In fact, he only expects the island market to grow as a luxury destination in the years ahead.
Joe Zahm: President, Nina Siegenthaler: Vice President and Richard Sankar: Director/Broker
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 