Elite High School Expresses Appreciation For Donation by Turks & Caicos Sothebyโ€™s International Realty – December 2023

On February 28th, 2024, four students from Elite High Secondary School, accompanied by their head teacher, visited Turks & Caicos Sothebyโ€™s International Realty to convey their gratitude for the generous donation made to the school.ย 

Dyenyca Joseph, Roselove Til, Francisca Alexandre, Jovelane Francois, along with their head teacher Mr. Lumarvens Alexander, presented Joe Zahm, President and Broker, and Nina Siegenthaler, Vice President and Broker, with a plaque, speeches, and a video showcasing the school’s deep appreciation.

“I am very grateful for the donation made by Turks & Caicos Sothebyโ€™s International Realty. The donation has helped the entire school with our projects, school-based assessments, and has enhanced our understanding of computers and kept us up to date with our work,” said Roselove Til.

As a company, we are dedicated to giving back whenever possible. Our ongoing commitment to supporting Elite High School has been both challenging and rewarding. Their gratitude serves as a touching reminder of the significant impact even modest contributions can have.


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks & Caicos Real Estate – Grace Bay Land – Development Opportunity – 2.24 Acres

Grace Bay Land Development Opportunity

Step into an exceptional investment opportunity in the heart of Grace Bay, The Bight & Thomas Stubbs. Adjacent to the esteemed St. Regis development site and positioned across from The Somerset, with beach access proximity to Grace Bay Beach via Rotary Club Park public beach access, this exclusive 2.24-acre commercial land listing extends a rare invitation to make a substantial investment in this premier location. This offering is designed for those with a discerning eye for prime real estate investment. The strategic positioning, coupled with the prestige of its surroundings, establishes this property as the ideal choice for commercial development. Whether envisioning a landmark commercial project or an upscale development, this 2.24-acre canvas awaits your investment creativity.

Property details

  • Block: 60804
  • Parcels: 31 & 116
  • Property Type: Vacant Commercial Land
  • Location: Across from The Somerset on Grace Bay and adjacent to St. Regis Residences
  • Land Size: 2.24 acres
  • Grace Bay Road Frontage: 260FT
  • Princess Drive Road Frontage: 345FT
  • Zoning: Tourism and Hospitality
  • Building Restrictions: 50 units acre and 7 stories high
  • Full Listing Here

Listing Agent

Michael W Bovell

T: 1 649.946.4474

C: 1 649.232.1163

michael@tcsothebysrealty.com


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Price Improvement on Spectacular Oceanfront Lot – Turtle Tail, Providenciales, Turks & Caicos Islands

$1,900,000 (reduced from original $2,630,000)

Discover the majestic shoreline of Ocean Drive within this prestigious and exclusive Turtle Tail neighborhood. Elevations are over 40โ€™ of elevation. Lot 58 is a rare and generously sized 1.11 acres, with magnificent 145โ€™ of linear ocean frontage. Surrounded by significant homes and embracing jaw-dropping views of the southern shoreline and endless Caicos banks at all times of day, the site is slated for an exquisite home and site with ample opportunity to create oneโ€™s idyllic island lifestyle.

Listing Information

AreaProvidenciales
Sub Area61003 – Juba Salina: Turtle Tail
State/ProvinceProvidenciales
CountryTurks and Caicos
Price$1,900,000
Property TypeVacant Land (Res/Unzoned)
Lot Size1.11 Acres
MLSยฎ #2300284

Listing Agent:

Nina Siegenthaler

M: +1 649.231.0707

nina.siegenthaler@sothebysrealty.com


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Blondel Cove, Blue Cay Estate – The Finest Luxury Beachfront on Leeward Channel, Providenciales, Turks & Caicos Islands.

Blondel Cove is a one-of-a-kind 6-bedroom villa in the exclusive Blue Cay Estate community developed by Windward within the desirable Leeward neighborhood on Providenciales. Boasting the ultimate in privacy on its own pristine stretch of 260โ€™ of beach and ocean frontage, the unique site spans 1.34 acres and the best combination of tranquil beach and 400โ€™ of dock and canal frontage with its own boat lift, with ample room for an array of watercraft and boats. 

Completed in 2019, Blondel Cove is the only property within Blue Cay Estate to span two original channel-front lots for total privacy. Designed by Blee Halligan architects, high design is featured throughout this custom homeโ€™s exterior and interior spaces, from the gated entrance tucked in at the cul-de-sac, ocean views lead you into the 4-bedroom Main House over the entry walkways over reflection pools and through the dramatic foyer to the vast great room and pool terrace beyond.ย 

The bespoke wet bar area off the great room, chefโ€™s kitchen, screened outdoor dining and lounge terrace and ample indoor and outdoor lounge spaces afford a full array of entertainment possibilities. A signature illuminated onyx staircase leads up to the second level with its grand primary suite and second bedroom. The primary bathroom features dramatic black and cream quartz floor to ceiling. Jaw-dropping views abound from both levels through full height glass and top-of-the-line sliding glass doors.ย 

A secluded large media room is set apart from the homeโ€™s main living areas. The fire-pit and beach lounges or Blondel Coveโ€™s water pavilion at the end of its jetty, are perfect places to cap off the day. The gracious two-bedroom guest house flanks the dock and canal area, offering a discrete retreat from the main house. The fully equipped stand-alone oceanfront gym and tennis court, half basketball court, and golf net round out the exceptional amenities.

Click here for the full listing

Listing Agent:

Nina Siegenthaler

M: +1 649.231.0707

nina.siegenthaler@sothebysrealty.com


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks and Caicos Real Estate – Year In Review 2023 YTD Comparison

Led by Significant Sales, 2023 Market Puts Exclamation Point on Happy New Year!

Wherever you were for the festive holiday and New Yearโ€™s Eve celebrations we all had plenty to celebrate and be grateful for. The fireworks along the beach closed out 2023 in fine form with a celebration on Grace Bay and beyond that was the best we have ever seen! We look forward to 2024 as we take a brief look back in this report at our successful results within our real estate market.
 
Of notable mention are two significant sales, one a TCI record of $88.75M for a 36-acre commercial parcel on Grace Bay known as Cotton Bay which is set to be developed into a new resort property. Details to come later this year. The other highly significant sale was a residential record of $33.5M for Sole E Mare by our own Nina Siegenthaler. Both sales helped lead the market to a new record in 2023 of $782,412,342, slightly surpassing our previous 2021 high of $768,737,714. Another contributing factor to the high sales volume was the posting of completed new developments which are defined below and within the charts and graphs in the full report.
 
In the Single Family Home Sector, the completion of numerous high-end villas at Emerald Estate, South Bank and Beach Enclave North Shore, many of which transacted in 2021, along with very strong new sales at The Strand, led to a whopping 104% annual increase in dollar volume ($488M vs. $238M) and a 128% increase in average price ($3,642,014 vs. $1,590,987). Of course, the record resale of Sol E Mare sale didnโ€™t hurt! The significantly higher average price signals a new day for luxury single-family residences attached to outstanding luxury brands. With other luxury and super-luxury villas in the pipeline and under development, along with occasional re-sales, we should continue to see this average price point hold steady and establish a new normal.
 
The Condominium Sector, with limited existing resale inventory, decreased by 37% in dollar volume (from $182,337,530 to $114,353,700) and in unit sales by 38% (151 to 93), with average price points remaining steady in the $1.2M range. We are, though, seeing some record $/SF sales of up to $1,500 per SF for prime re-sales, often with competing bids. It appears that condo life is again highly attractive as everyone tends to enjoy having resort amenities at their fingertips. Owners are also finding that rental returns and operational standards are excellent in this sector. We have new development launches at St. Regis, The Loren and others, along with strong pending business with ARC Sky Villas at South Bank and The Point by Grace Bay Resorts and we expect both projects to break ground in the first half of 2024, on the heels of the upcoming completion of the Reserve Villas at Rock House, the second phase of this already widely acclaimed new resort.
 
The Land Sector was propelled by the $88.75M sale of Cotton Bay exceeding 2022 numbers by 15% ($166,507, 799 vs. $144,375,399) with average price up 70% (from $575,241 to $979,458). Another one or two significant land parcels could potentially transact in 2024 maintaining this new normal for land sales volume. Purchasers and investors remain thirsty for all forms of vacant land, from beach and waterfront, ocean view, canal front, near beachfront, and commercial, with momentum building in activity on our out-islands such as North, Middle and South Caicos.
 
On a macro level, the end of 2023 signals a close to the โ€œCovid Eraโ€, where we have experienced unprecedented growth in the luxury tourism and real estate sectors and normalized at significantly higher levels of activity and values than ever before. Watch for our 30-year review next month as we examine the past three decades of development in the TCI and analyze data for clues to potentially forecasting future trends.
 
Special thanks to our valued industry and community partners. We look forward to the season ahead more immediately to our 9th Annual Art Auction for the Ed Gartland Youth Center, to be held Saturday, January 27th at The Shore Club. Please contact us if you would like tickets. We hope to see you there!
 
We also look forward to welcoming you to our new groundbreaking IMMERSION THEATRE โ„ข, where all our amazing developments and properties can be viewed in virtual realty on a 9โ€™ x 16โ€™ wall screen. We will be providing further information on this game-changing technology later this month.
 
Happy New Year from all of us at Turks and Caicos Sothebyโ€™s International Realty.

Do not hesitate to reach out to your sales professional to have a conversation about our market, and to assess purchase and selling opportunities!

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link here.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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

Caribbean Getaway: There Are New Reasons To Go To Turks & Caicos

An Oceanfront Pool Studio at Rock House, operated by GRACE BAY RESORTS

Sitting at the Cave Bar atย Rock House, on the Turks & Caicos Islandsโ€™ main island Providenciales, itโ€™s easy to think that youโ€™re on an island in the Cyclades: the resort is hilltop; built into a 75 foot limestone cliff; overlooking turquoise water and surrounded by walls composed of chiseled white stones. Mark Durliat, CEO ofย Grace Bay Resorts, of which this resort is a part, and his wife honeymooned in Greece, apparently, and transferred the romantic ambience (and Mediterranean cuisine) they encountered there to this nearly two year old resort. And itโ€™s working: I checked in at the same time as a newlywed couple from New York and every day other couples were lined up by the pool, in the hideaway hillside terraces and on the 130 foot jetty decked out with loungers.

Mostly, though, they were in the water. This British Overseas Territory composed of two island groups 575 miles southeast of Miami is known for its beaches, perfectly clear turquoise water and teeming underwater life courtesy of a wrap around coral reef. The marquee beach is three mile long, powdery white sand Grace Bay Beach on the islandโ€™s north coast, regularly named as one of the best in the world. Rock Houseโ€™s beach is to the west of that, smaller but very private in keeping with the overall secluded tone and intimate scale of the resortโ€”46 rooms in individual cottages with several new one-five bedroom Reserve Villas opening March 1st.

The Lagoon Villas at South Bank: Long Bay

On the other side of the island, the more residential south coast, Grace Bay Resorts has a management project on a much larger scale set to open in May.ย South Bank, situated on 31 acres near Long Bay, is a combination residential ownership community/resort split into different neighborhoods with varying amenities; all, however, are populated with striking contemporary architecture containing sleek interior design, top of the line appliances and uninterrupted water views over the vivid blues of the Caicos Banks.

Boat owners will likely be drawn to the section The Launch featuring 2,077 square foot two bedroom and 2,839 square foot three bedroom Boathouses along the marina waterfront, each with its own private dock that can accommodate up to a 26 foot boat. Lagoon Villas are 3,982 square foot three bedroom and 4,295 square foot four bedroom residences situated along the beach of a manmade lagoon. Ocean Estates oceanfront houses range from 3,150 square foot, three bedroom Reef Villas to 7,683 square foot, six bedroom Dune Villa beach houses. All will be privately owned with many placed in the guest rental pool. A forthcoming building ARC will debut in 2026 with 17 Sky Villas designed by famed Italian architect Piero Lissoni; these will be only owned, not rented. Other facilities open to both property owners and guests: a lagoon front spa and fitness center; a Clubhouse with a bar and restaurant; a fully equipped marina and hard courts for racquet sports.

Luxury Residences, The Strand: COOPER JACK BAY

Also on the south coast, overlooking Cooper Jack Bay 10 miles away,ย The Strandย is another luxe community development set to combine villa ownership with guest rentals but with a difference: in one category, the two and three bedroom Villas, floors can be locked off as separate units to be rented on their own as well as the option of a complete house rental. The design is also contemporary but with natural elements providing a warm counterpoint to the modern lines: etched limestone from the Dominican Republic, European oak cabinets and millwork. Thereโ€™s also a strong sustainability element: owners can opt for solar energy and there are chargers for electric cars in the houseโ€™s garage.

Houses range from two bedroom, 2,740 square foot Villas to six bedroom Estate Residences with 7,312 square feet of interior space and nearly 7,000 additional in exterior space with beach frontage on one side and canal frontage in the back for a private boat slip. Facilities and services include a spa and fitness center, tennis and pickleball courts, excursions for bone fishing and snorkeling among other water sports and a Mediterranean/Mexican restaurant. The property opens in November.

Read more by clicking on the link below.

Source: https://www.forbes.com/sites/lauriewerner/2024/01/14/caribbean-getaway-there-are-new-reasons-to-go-to-turks–caicos/?sh=d903f8d477a4

An Exclusive Evening of Art_ The Edward C Gartland Youth Centre to host its 9th art exhibition at the Shore Club

Every year, Turks & Caicos Sotheby’s International Realty actively participates in the Edward C. Gartland Youth Centreโ€‚Exclusive Art Show, contributing to the commendable efforts led by Roxann and her team.

Mark your calendars for Saturday, January 27, as we host our 9th Annual Art Auction at The Shore Club, directing proceeds to support the Ed Gartland Youth Center. An impressive array of local artworks will be available for sale with various entertainments from the youths.

Join in on the live auction to feature unique local arts and exclusive packages from renowned hotels such as Grace Bay Club, Wymara, Shore Club and Sail Rock!

Tickets are now available for sale at the Turks & Caicos Sothebys International Realty’s main office. Don’t miss out on this opportunity to be part of a meaningful event.


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales info@tcsothebysrealty.com | 1.649.946.4474

Elite High School: Striving against adversity

Elite High School is an exceptional institution that refuses to dwell on studentsโ€™ backgrounds, legal status, economic situations and social standings. Since 2016, Elite High School has been making significant changes in the lives of hundreds of Haitian and Dominican children. Their motto, โ€œStriving against adversity,โ€ perfectly encapsulates this daily dedication as they aim to overcome all social barriers.ย 

Despite limited resources and minimal support from the local government, the principal, teachers and other faculty members are tirelessly working against all odds to provide each student with a platform for a quality education.ย 

Turks & Caicos Sothebyโ€™s International Realty Intervention

On the 5th of June, Richard Sankar, Broker and Director of Turks & Caicos Sothebyโ€™s International Realty attended Elite High Schoolโ€™s annual career day. Richard, who spoke to the entire school was moved by the sheer radiant and optimism of the students. This was the beginning of the journey_ a remarkable journey where both Richard together with Turks & Caicos Sothebyโ€™s International Realty are commited to supporting the school so that they can be better equipped to educate their students.

The Turks & Caicos Sotheby’s International Realty successfully raised over $10,000 for the school. This collaborative endeavor marks the beginning of our meaningful relationship with the institution. If you would like to help, please feel free to contact Richard Sankar or the office. Your support will go a long way.ย 

Richard Sankar I richard@tcsothebysrealty.com I +1 649 231 62 11


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales info@tcsothebysrealty.com | 1.649.946.4474

Merry Christmas 2023 from Turks & Caicos Sotheby’s International Realty

From everyone at Turks & Caicos Sotheby’s International Realty, we extend our heartfelt gratitude and appreciation for your ongoing support.

We wish you and your families a wonderful holiday season and prosperous New Year ahead!


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™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 worldโ€™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 firmโ€™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 Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales info@tcsothebysrealty.com | 1.649.946.4474

An Exceptional Turnout at The Summit Turks & Caicos Broker’s Event

A big thank you to all of the brokers who attended the event at The Summit on Friday the 15th of December 2023. The Summit, without a doubt, stands as a remarkable project, showcasing one of the most stunning views on the island.

Developer Julian Biggs, in his insightful words, acknowledged that while The Summit may not be the highest point in the world, it is certainly ours, signifying its uniqueness and significance to us all. 

The Summit is a select pre-construction opportunity of only 9 villas positioned in a private residential enclave on the highest point in Providenciales offering commanding 180-degree ocean views over the North Shore. With vantage points from 94 to 160 feet above sea level, the Developers of Ridgeview and Karaya Blue, Latitude 22 are delighted to present this low-density development to the Turks & Caicos luxury market.  At The Summit, unrivalled ocean views and an irreplaceable location combine with considerate design and organic modern architecture to produce a truly unique offering of 3 to 5 bedroom villas.  

Environmentally sustainable, the design includes not only 7.5kw of 20 roof mounted Solar Panels, but also living โ€˜greenโ€™ roofs designed by Jรถrg Breuning whose organization Green Roof Technology has been pioneering the technology in Europe for over 40 years, and more recently North America and the Caribbean. This sustainable feature acts as a cooling aid, reduces rainwater runoff, protects against weather, and provides an additional habitat for natural flora and fauna ensuring the development enhances rather than imposes upon the beautiful natural surrounds and ocean views of its location in Blue Mountain.

Latest construction update below. Click to watch.

Listing agent:

Courtney Chapman

courtney@tcsothebysrealty.com

c +1 649.431.9517

Listings:

Full Listings here