Tag Archives: Turks & Caicos Realty

Purchase the Last Remaining Beach House 1 and Become Part of the Beach Enclave Long Bay Family Through Home-Ownership Incentive

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As you may be aware, Turks & Caicos has remained a safe haven throughout its closure period, since the end of March, with a minimal amount of COVID-19 cases to date, due to swift action taken by the Turks & Caicos Islands Government and Governor.

In April, Beach House 2 sold, with construction slated to commence imminently.

We have also seen construction re-commence on Beach Houses 2 and 3 which broke ground in December and are slated for completion by Q1 2021.

View our latest construction video.

Beach Enclave is committed to securing the sale of the last remaining Beach House 1, and delivering a construction-free living experience to early Beach House buyers and resort guests, and as such is offering the below incentive until the end of June to create a time-sensitive opportunity to qualified buyers during this time:

  1. $150,000 discount to the list price of $2,795,000 (3BR) and $2,995,000 (4BR)
  2. $25,000 credit towards design options such as an outdoor summer kitchen or resort amenities

Coupled with the Turks & Caicos Islands Government’s reduction in Stamp Duty for land acquisitions completed prior to the end of June (from 10% to 5%) the incentive results in more than $200,000 in savings.
The Club Residence is starting in 2021. The stamp duty savings will likely apply to a sale of any Club Residence through an Extended Payment Agreement.

Visit Beach Enclave Long Bay Listings Here

Turks & Caicos Real Estate Market Report – 1st Quarter 2020

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1ST QUARTER 2020 CLOSES OUT ON A HIGH – PRE-COVID-19

As many of us are forced to slow down our lives and reflect inward, we are grateful for many things that this unprecedented time has brought us to evaluate, including of course our families, friends, communities and a country that has put all of our people first with their proactive decisions during this health crisis. We are further grateful to our TCI Government leaders, HE Premier Cartwright-Robinson, HE Governor Dakin, the Ministry of Health and their teams for their thoughtful leadership and communication.

As we begin to accept and absorb our new reality, we are advancing our way back to business activity and effectively working as a team and with clients and customers, and there are even new transactions in process, furthered by the recent reduction in Stamp Duty by 50%, which has provided a welcome trigger for short-term activity. Click link below to read more . . .

Link here to full report

Turks & Caicos Islands Government Announces Stimulus Package Including Stamp Duty Reduction

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The Turks & Caicos Islands Government has approved a full package of benefits that will serve as a direct economic stimulus following the fall out in economic activities across the Islands as a result of the global pandemic – COVID 19. The stimulus package is planned to lessen the impact of the global crisis on residents, whilst allowing the Ministry of Health to strengthen health policy responses.

Included in the stimulus package, as it relates to real estate, are the following initiatives and exemptions for a three-month period to assist with boosting inward investment:

  1. Reduction of 50% in Stamp Duty for a period of three months
  2. 50% of reduction of planning fees for a period of three months
  3. A waiver of Customs Duties on Construction Materials for a period of three months

There will be a review of same after the initial period of April 1 to June 30, 2020.

Link to Stamp Duty Rates

We are grateful for the past many years of successes and we are hopeful that this will carry our islands through this unprecedented challenge. We are here to assist you and our community, albeit from a distance, as we all “stay at home” to do our part in protecting our community and health care workers.

Take good care – we will see you on the other side of this.

Turks & Caicos Market Report – 4th Quarter 2019

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Turks & Caicos Real Estate Closes The Decade With Record Shattering Year On the Strength of Luxury Villa Sales

Turks & Caicos real estate sales closed out the second decade of the 21st-century with a bang, after entering it tepidly in 2010, as the following graphs demonstrates that villa sales represented around 52% of the total market in 2019. Circa $219.7M of the record $334.7M dollar volume were villa sales with a stunning average price point of $1.98M. This incredibly impressive performance speaks volumes for the power of the Turks and Caicos Islands brand, our private and public sector, and our wonderful investors, homeowners and visitors. If the past ten years can make history as our decade of the luxury villas, what will the next ten years’ headline be?

Link here to full report

Turks & Caicos Market Report – 3rd Quarter 2019

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Impressive 3rd Quarter Leads TCI Market Towards Record Year

Led by our record-breaking sale of The Residence on Parrot Cay at $27,000,000, Q3 2019 posted an impressive gain over 2018 (up 38.8% from $64,785,600 to $89,918,500). Historically, Q3 is our sleepiest quarter, but it has become apparent over the past few years that TCI is now indeed a year-round market for both tourism and real estate, and not just a seasonal one, with strong summers and improving shoulder month performance. Overall, the market after three quarters is up 16.47% over last year in $ Volume ($241,145,500 vs. $207,048,195). This dollar volume is more than the market did in all of 2017! Average price is up 30% from $692,469 to $903,167.

Link here to full report

JUST SOLD! $27 MILLION THE RESIDENCE, PARROT CAY

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As Originally Reported by The Wall Street Journal

Listed on March 29th, 2019 for $33 million, the long-time 13,500-square foot- beachfront Parrot Cay Estate of Bruce Willis, The Residence, has sold for $27 millionafter less than 4 months on market with Turks & Caicos Sotheby’s International Realty .


As exclusively reported by the Wall Street Journal on 29th March, 2019Bruce Willis and his wife Emma Heming-Willis listed The Residenceon Parrot Cay for sale.
“Bruce started vacationing with his family in Parrot Cay and staying at the COMO Parrot Cay Hotel in the 90’s. He fell in love with the beauty and tranquility of the island, staked a beautiful plot of land(now the most desirable part of the island) and built a wonderful compound for both his family and friends.”- Emma Heming-Willis

“For the past 20 years we have made so many beautiful memories on the island…It’s a place that when you step on the boatbound to Parrot Cay, you start to feel any stress melt away.We also instantly feel more connected to nature, a rarity in this day and age.” – Emma Heming-Willis


The sale price of $27 million marks the second significant sale of 2019 for Nina Siegenthaler and Joe Zahm of Turks & Caicos Sotheby’s International Realty, following on the recent sale of Prince’s Island Estate last month for $10.8 million. The sale also signifies the second most significant sale in Turks & Caicos Islands’ history, landing just short of the number one spot, after the sale of another Parrot Cay property by the same team, for $27.45 million in February 2016

Link to Full Article

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http://www.MansionGlobal.com

Turks & Caicos Market Report – 2nd Quarter 2019

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Real Estate Sales Continue On An Upward Trend!

Turks & Caicos Islands, the shining star of the Caribbean, continues to shine brightly as we see a steady influx of investor growth and activity in new development. The infrastructure improvements and ongoing utility upgrades will further improve to serve the luxury standards now set by our luxury home-grown brands and with the most recent entrance of world renowned brands such as Ritz-Carlton and Andaz. The construction industry has been busy for the past five years as we have witnessed villa projects and new homes being built on recently sold land parcels. In addition, high end land purchasers who desired to build from scratch, or who could not find a home/villa that fit their needs, have embarked on some amazing new homes and estate homes, relying on the expertise of local architects, builders and consultants, proceeded to build their own custom dream vacation homes. There is evidence of this impressive array of private development throughout the Turks & Caicos, especially in the luxury sector, as the islands continue to grow as the destination of choice for many real estate investors and visitors. Click on link to view full report.

Link here to full report

Windward Long Bay Ltd. Announces The Launch at South Bank, Long Bay

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Windward , the developer of the successful Blue Cay Estate in Leeward, is excited to announce a first-of-its-kind offering at the new South Bank community in Long Bay, Providenciales, Turks & Caicos. The Launch consists of 38 contemporary waterfront one, two – and three – bedroom Boathouses, with boat docks (up to 26’) and a heretofore unprecedented relationship with the turquoise waters of Long Bay.  

“At South Bank, we are happy to provide vacationers, seasonal and full – time residents alike a long – awaited opportunity to live right on the water with convenient boat access and the full amenities of a Grace Bay Resorts managed property. We feel our one, two and three-bedroom offerings provide great value for a waterfront and marina experience. Construction of the infrastructure and our first homes at South Bank is set to begin over the next few months, owing to a successful initial pre-sales period in the Ocean Estates and Lagoon neighborhoods.” – Ingo Reckhorn, Developer, Windward Development Ltd.

Encased in 5 buildings grouped around an entertainment area with a pool, lounging gardens, hammocks and BBQ stations, floor plan options range from 1 bedroom (approximately 1,464 covered SF) to 3 bedrooms (approximately 2,336 covered SF), with introductory prices from $795,000. One- and two-bedroom plans provide the opportunity for roof top terraces with spectacular elevated water views.

“As the exclusive broker for South Bank, we love how the Boat Houses complement the Ocean Estates and beachfront Lagoon Villas, at such a welcoming price. In addition to being an integral member of Provo’s only residential resort and marina community, Boathouse owners will have the optionality of renting their Boathouses long – or short term.”- Joe Zahm, President, Turks & Caicos Sotheby’s International Realty

Link to Available Listings at South Bank

Turks & Caicos Real Estate 3D Virtual Property Tours

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3D Tour of Coral Pavilion, Grace Bay Beachfront, Providenciales

We welcome you to view our 3D Virtual Tours, created and powered with the use of Matterport allowing viewers an immersive experience whether simply viewing online or using a 3D tour headset for a virtual walk-through. This technology is very valuable in our resort marketplace providing the ability to view the property prior to arriving in the Turks & Caicos Islands or if the property is occupied and unavailable for viewing. Since November 2018 we have been gradually adding to our collection of tours. Below is a convenient link to our full set of property tours. Check back as we continue to add to this inventory.

Link to Our 3D Virtual Property Tours

Turks & Caicos Real Estate – Rock House Resort Starts Construction

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We are pleased to announce ROCK HOUSE has broken ground and construction has commenced on the majestic 14-acre waterfront site with the official Groundbreaking Event taking place last weekend.
Government officials and the community showed up to support Grace Bay Resorts and watched as CEO & Developer Mark Durliat gave a heartfelt speech to his faithful hospitality team, many of whom have worked with Grace Bay Resorts for decades.
ROCK HOUSE is the latest development from acclaimed Grace Bay Resorts. Unlike any resort seen before in the Turks & Caicos, this unique development and residential vision is located on the north coast of Providenciales, with 600 feet of frontage and peaks soaring 95 feet above sea level.
Taking inspiration from the allure and sophistication of European hotels along the Mediterranean coast, South of France and remote isle of Capri, ROCK HOUSE has committed the same detailed attention to its method of construction, as it has to the design phase of its refined resort experience. Ensuring native trees, shrubs, orchids and succulents will be incorporated into the completed resort by preserving indigenous vegetation that has occupied the lush and varied landscape for hundreds of years.
“Reusing these natural materials and landscape from this historic site remains true to the Rock House spirit. We seek to ensure a very low environmental impact, with deep sustainability and a sense that this special resort property has been here for years.” – Mark Durliat, CEO & Developer, Grace Bay Resorts.

Link to Available Listings at Rock House Resort