Prince’s Island Estate, Turtle Tail, Providenciales
A Caribbean home owned by Prince—which has a driveway and a movie theater in his signature purple—has sold for $10.8 million.
Located at the tip of a peninsula of Providenciales in Turks and Caicos, the property had been on the market for a couple of years. It was scheduled to be auctioned last year, but ultimately was not sold. It was most recently listed in December 2018 for $11.8 million.
Totaling nearly 6 acres, the beachfront property’s main house is almost 10,000 square feet and comes with six bedrooms, a 200-foot hardwood dock, a tennis court, a staff gatehouse and multiple cabanas. The driveway is stained purple concrete, and the home theater is lined in purple velour.
Rock House construction to begin! As you are aware, Rock House enjoys dramatic, rugged topography and lush native vegetation that dates back hundreds of years. As we prepare for construction, particular attention is being placed on saving many of our important trees, native shrubs, succulents and other vegetation, with a goal of incorporating this back into the completed resort.
Turks & Caicos Islands Shows Continual Solid Real Estate Growth In The 1st Quarter Market Report 2019
The Overall Market compared to the past several years is holding solid ground with this quarter representing 23% of last years’ sales volume which may indicate that our real estate market is on target for another successful year.
The Bight Hotel and resort property aims to, authentically and efficiently, bring more of what is loved about the Turks & Caicos Islands…while leaving behind the price tags, maintenance and unused space.
The Bight Hotel, with 66 units / 89 keys, centering around the highly adaptable King Suite Studio, fulfills a long-standing gap in the Turks & Caicos real estate market for a desirable yet affordable four-star resort property. Add in elevated ocean views from its 7 acre property (just southwest of Wymara) and simple beach access to 1,000 feet of pristine beach and you’re on to a winner. EA Group, a well-known and established TCI group of hospitality and property-focused companies, are the force behind the conception of this desirable product. Ryan Jones, Director of EA Group stated, “We designed The Bight Hotel to be authentic, experiential, and hip with the primary objective that it be a great investment opportunity. We wanted to eliminate excess, like enormous wrap around porches, indoor dining rooms and massive kitchens, that owners rarely use, and prioritize more of the things modern buyers and vacationers want, like fitness facilities, farm-to-table food and gardens, stunning views, access to tons of Grace Bay Beach, and authentic island experiences. We recognize owners are going to use the property three or four weeks of the year so to make sense it principally has to be a fantastic investment.” The resort’s refreshing simplicity centers around the brilliantly designed King Studio. ” The studio design has wonderful optionality with something for everyone.” remarks Joe Zahm, President/Broker of Turks & Caicos Sotheby’s International Realty, “You could have a queen bed with a bunk bed in the space, or two twin beds to accommodate your teenagers, or you may want to connect the studio unit to another to create a double unit, or a three bed penthouse…the emphasis is on ease of use, rentability, and optimal sleeping capacity. There is currently nothing on market like it – plus it’s just cool!” EA Group chose Simon Woods Architects to design the highly amenitized resort and innovative floor plans, which include custom designed interiors and furniture such as signature daybeds and bonket seating bedded into seamless floor to ceiling glass walls.
Each and every unit provides smashing views of Provo’s north shore towards Northwest Point, with the first level raised approximately 50 feet to take advantage of endless ocean views over the preserved botanical and meditative garden of the Bight National Park. The Bight Hotel will offer an on site restaurant serving breakfast, lunch and dinner, swimming pool, bar, cross fit gym, spa, kid’s club, farm, rum distillery, coffee shop and barn to host special events and weekly movie nights.
Introductory
pricing ranges from $377,000 to $1.7M providing a welcome option for
investors, couples, and families seeking an attractive price point,
access to the Turks & Caicos market, or simply a more authentic and
experiential property
With only 3 available, the unprecedented 1,280 SF Penthouse Loft design enjoys northeastern ocean facing views from its premier position on the 7th level. Inspired by a combination of urban luxury & the essence of indoor/outdoor Caribbean living, the Penthouse Loft enjoys an additional 700+ SF of living space from its private rooftop, complete with lounging area, plunge pool, wet bar and entertainment center, accessible from the main level terrace. Be one of the select few to own a unique Penthouse opportunity on Grace Bay Beach.
South Bank is a rare and welcoming haven: a place where easy-going island living meets beautifully designed homes, against a backdrop of spectacular natural beauty. A place to bring your friends and family for ocean adventures, relaxation and precious time together.
Windward Development Ltd., the developers of South Bank, set expectations last season with their inaugural development, Blue Cay Estate, which was a resounding sellout success met with much acclaim in the residential canal and beachfront section of Leeward. Award winning London and Turks & Caicos based architects, Blee Halligan, designed the contemporary homes at Blue Cay. Together, the team took a 15-acre parcel of raw land with limited ocean frontage, and used their vision for a boat loving community to create a gated canal front community of 15 exclusive contemporary homes with boat docks and 3 beachfront homes on the Leeward Channel. Windward Development has beautifully delivered on its promise of a secure and well-managed family development, ideal for water enthusiasts and boaters with the execution of the Blue Cay development, which sold out within a two-year period. Joe Zahm, President and Broker of Turks & Caicos Sotheby’s International Realty, the leading real estate company in the Turks & Caicos Islands, remarked “Blue Cay is a must see for my friends and colleagues. who are blown away by how well the project was conceived, from its understatedly cool, modern architecture, to the use of personal dock space in a canal and beachfront community that emerged from the raw site. Clearly a high level of vision and creativity went into achieving the end product, and we expect even bigger and better things at South Bank” Windward Development has selected Blee Halligan again for their newest project, South Bank, a residential resort and marina community along 2,200 ft. of beach and iron shore, including a unique peninsula located on the southwestern end of Long Bay beach. The 31-acre site with direct affiliation with The Marina at South Bank, offers versatile home owning opportunities each providing a distinct relationship with the waters surrounding the development. Ivor Stanbrook, one of the development team Directors, commented that one facet of Windward’s unique approach to development is that, “We like to take a piece of property and reshape it in the ideal way to enhance the waterfront experience for our buyers.”
South Bank promises to be a refreshingly contemporary community with a relaxed yet sophisticated atmosphere. Anchored by a full-service Marina, South Bank will be set apart by 6 distinct neighborhoods: The Ocean Estate 1 & 2, The Lagoon 1 & 2, The Launch & The Point. At project completion South Bank will comprise 19 Oceanfront Villas (The Ocean Estate 1 & 2), 18 Lagoon Villas, some of which include private docks (The Lagoon 1 & 2), 38 Boat Houses, most of which enjoy a private deck and boat dock (The Launch), and 16 one to three-bedroom Condominiums (The Point).
At full build out, amenities will include an affiliated Marina with exclusive owner’s boat services, fitness center and spa, tennis court, club house with pool, bar and restaurant, café, lagoon peninsula with lounging cabanas, non-motorized water sports, beach club and Long Bay beach access.
Over the past few years we have been predicting that the market trend was to continue upward based on all of Pending transactions on our TCREA MLS system. We are pleased to display this year end report that exceeded our expectations and still with $175M+ Pending deals to close out throughout this coming year.
Andaz Turks & Caicos Residences at Grace Bay Grace Bay, Providenciales, Turks & Caicos Islands
Andaz Turks & Caicos Residences at Grace Bay has recently hired Turks & Caicos Sotheby’s International Realty as its exclusive Turks & Caicos real estate broker. Hyatt Hotels Corp. is pleased to introduce its Andaz brand to Grace Bay Beach in the Turks & Caicos Islands, as its first ever residential property in the Caribbean. President / Broker of Turks & Caicos Sotheby’s International Realty, Joe Zahm, states “After spending time with the Andaz brand it seems clear that it is the perfect fit for Grace Bay and our islands. The Andaz brand ethos melds the best of our unique locale of sun, sand, sea, climate, people & vibe, and the residences are impeccably luxurious but relaxed in the comforting setting of a beachfront resort with on-site amenities. The combination of studios, one, two and three bedroom residences, along with a variety of penthouses, provides our primed market with the purchase options it has been waiting for”. The resort will be comprised of two buildings, the 59-key hotel and the 74-unit branded residences, with co-located amenities. Most all of the residences enjoy panoramic ocean views. With purchase opportunities ranging from studios to four-bedroom penthouses with roof terraces, Andaz provides a wonderful range of residential options. The resort focuses on immersive experiences influenced by the culture of the islands. Set in the exceptional location of Grace Bay Beach (just steps away from the Bight Reef’s snorkeling waters), owners will be part of the lifestyle of the islands in the setting of a world-class resort with a range of amenities to include, indoor/outdoor spa, fitness center, tennis court, water sports, retail space, three pools, Kid’s Club, and three bars and restaurants. Owners can opt to participate in the resort’s rental program. “It’s an honor to share our vision for the project in tandem with such a reputable flagship brand as Andaz and bring this world class resort to the Turks & Caicos Islands”, said Co-Managing Director of Vista Development Matt McDonald. Seasoned TCI architects RAD Architecture, whose prior projects include the highly successful Shore Club on Long Bay, and The Palms on Grace Bay, and Modus Operandi A + D (Andaz Mayakoba Resort Riviera Maya and Andaz Costa Rica Resort and Peninsula Pagayo) are responsible for the modern design & elegant interiors. The residences range in size from 694 SF for a studio to circa 9,000 SF for the largest penthouse, with expansive beachfront living and dining areas, and indoor / outdoor space. Most residences offer dual outlooks, both northern beachfront facing and southern garden views, optimized through signature floor to ceiling glass sliders. All of the bedrooms benefit from ensuite bathrooms with double quartzite vanities. The master bathrooms feature Hansgrohe rain and hand showers, and free-standing soaking tubs. Rich materials and modern lines create a space of understated elegance with European style kitchens featuring soft-close cabinetry, Sintered Stone durable countertops and Bosch appliances. The project is being developed by Vista Development Ltd., the TCI entity to US based real estate investors, ProNet Capital LLC, whose vision and leadership under Director of Development John Fair brought the islands Grace Bay Club. “After the success I’ve enjoyed at the Grace Bay Club, I am excited to immerse myself back into Turks & Caicos, as I see the Andaz development being the most talked about resort experience, and the next big thing for Turks & Caicos and the Caribbean”, says Fair. The indigenous beauty of Turks & Caicos continues to inspire with Andaz Turks & Caicos Residences at Grace Bay beach, kicking off a new decade in Turks & Caicos, one of timelessness updated.
Finally, a well-priced option to purchase a beachfront house on Provo, within Beach Enclave’s newest boutique resort offering – The Club – the first true luxury boutique resort in TCI featuring beachfront restaurant, rooftop spa and pool, fitness centre, lighted tennis, full water sports and children’s area on over 800 feet of white sand beach. Designed by acclaimed architects Jacobsen Arquitetura, The Club brings an exciting, modern, tropical design to Turks and Caicos, enhancing the Beach Enclave ethos of low density, clean lines softened with organic materials, and seamless indoor and outdoor spaces. Limited ownership opportunities available – priced from $950,000 to $2,500,000.
THIRD QUARTER SHOWS REAL ESTATE THRIVING THROUGH 2018
We are pleased to show the 3rd Quarter Market Report with a continuing robust and strong output throughout 2018. We expect this performance to strengthen into 2019 and beyond as the new villa developments that have sold out, namely Beach Enclave Long Bay, The Shore Club Villas, and Blue Cay Estate, will be posted into the MLS system as their construction comes to an end. Meanwhile, we will announce new real estate investment opportunities coming to market this November and in early February.
Turks & Caicos Real Estate | Caribbean 