As the new residents of South Bank in Long Bay, Providenciales fully immerse themselves in the relaxed lagoon lifestyle, anticipation mounts as the final touches are being put in place for the surrounding amenities.
Very soon, the owners will gain access to The Spa, the Lagoon Islands, and Lua, providing a comprehensive array of indulgences—from revitalizing treatments to leisurely sundowners and all-day dining experiences by the tranquil waterside.
About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty 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 and Point Grace. For more information please visit www.turksandcaicossir.com.
Click on the video above to watch the latest construction update
The essence of The Strand has always been its unique blend of unparalleled architecture, and innovative design merged with stunning views.
Turks & Caicos Sotheby’s International Realty is thrilled to once again provide you with the latest updates on the construction progress at The Strand. We are delighted to witness the emergence of the beach in front of the residences, perfectly timed for the new homeowners to start enjoying the beginning of their private beach.
With significant progress in sales, John Fair: Managing Director, Developer and Project Manager of The Strand Turks & Caicos is thrilled to announce an impressive achievement of $70 million in closings, contracts, and reservations in the first quarter. We will continue to provide you with updates, but in the meantime, should you have any questions, please don’t hesitate to contact us.
About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sotheby’s International Realty 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 and Point Grace. For more information please visit www.turksandcaicossir.com.
Reading matters – Reading proficiently by 3rd grade can be life changing. Third grade is when children make the crucial switch from learning to reading to learn.
Grade level reading skills enables children to begin mastering other important subjects like Math & Science. Students who are not reading proficiently by the end of 3rd grade are at great risk of falling behind & never fully catching up. So we need your help to ensure that our children are reading at their full potential.
“Yes I Can Read” Reading Intervention
We have 3rd graders that are reading at kindergarten level. Help us to eradicate this literacy challenge. By giving to the reading program, you will help surround the young students with programs and resources needed to ensure they are reading by 3rd grade.
Sponsor a Child
The Yes I Can Read After School program will facilitate 50 students yearly at a cost of $360 per month per child for the one on one intervention with a private tutor. This sets the program budget to $216,000 per year. Let us join forces to combat this serious literacy issue and create Bold, Intelligent and Fearless future leaders.
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 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 firm’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
Minutes from Turtle Cove Marina and near-by restaurants
Three parcels in Turtle Cove totaling 3.29 acres with 116 feet of Beach Frontage and 226 feet of Canal Frontage makeup Grace Bay Beach Ocean Villas, which is presently a profitable short-term villa rental business. In 2018, the vacant oceanfront property was approved for rezoning to Tourist Related (T01), allowing for the potential development of six residential properties on the 0.952 acres. Five villa buildings total are currently located on the other two Residential (R01) canal front properties.
Grace Bay Beach Ocean Villas currently operating as a successful short term villa rental business consisting of three parcels. The vacant beachfront lot received rezoning approval in 2018 to Tourist Related (T01) allowing future development of six residential homes on the 0.952 acres. The other two Residential (R01) canal front lots currently have five villa buildings in total. Breakdown of the three lots as follows:
7 Coconut Road Block 60713: Lot 30, Acres 1.162, 3 Buildings, 113 Ft Canal Front, 6 Bedrooms and 5 Bathrooms, 3,655 SF with Pool & Dock
15 Coconut Road Block 60713: Lot 31, Acres 1.165, 2 Buildings, 113 Ft Canal Front, 7 Bedrooms and 7 Bathrooms, 4,075 SF with Pool & Dock
10 Coconut Road Block 60713: Lot 201, Acres 0.952, Vacant Land with 116 Ft Beachfront
Please contact the listing agents for more information and for the development brochure.
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 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 firm’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
Latitude 22, Developers of Ridgeview and Karaya Blue, in collaboration with Turks & Caicos Sotheby’s International Realty are delighted to present a first hand perspective on this remarkable residential development.
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 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 firm’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
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 260’ of beach and ocean frontage, the unique site spans 1.34 acres and the best combination of tranquil beach and 400’ 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 home’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.
The bespoke wet bar area off the great room, chef’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.
A secluded large media room is set apart from the home’s main living areas. The fire-pit and beach lounges or Blondel Cove’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.
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 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 firm’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
Led by Significant Sales, 2023 Market Puts Exclamation Point on Happy New Year!
Wherever you were for the festive holiday and New Year’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 didn’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 “Covid Era”, 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 ™, where all our amazing developments and properties can be viewed in virtual realty on a 9’ x 16’ 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 Sotheby’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 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 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 firm’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
An Oceanfront Pool Studio at Rock House, operated by GRACE BAY RESORTS
Sitting at the Cave Bar at Rock House, on the Turks & Caicos Islands’ main island Providenciales, it’s easy to think that you’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 of 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 it’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 island’s north coast, regularly named as one of the best in the world. Rock House’s beach is to the west of that, smaller but very private in keeping with the overall secluded tone and intimate scale of the resort—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. 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, The Strand 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. There’s also a strong sustainability element: owners can opt for solar energy and there are chargers for electric cars in the house’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.
Elite High School is an exceptional institution that refuses to dwell on students’ 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, “Striving against adversity,” perfectly encapsulates this daily dedication as they aim to overcome all social barriers.
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.
Turks & Caicos Sotheby’s International Realty Intervention
On the 5th of June, Richard Sankar, Broker and Director of Turks & Caicos Sotheby’s International Realty attended Elite High School’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 Sotheby’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.
Richard Sankar I richard@tcsothebysrealty.com I +1 649 231 62 11
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 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 firm’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
Turks & Caicos Real Estate | Caribbean 