Beachfront – Beach Enclave North Shore – Phase 1 Completed and Phase 2 In Development
It all started with a desire to create a legacy built on a strong foundation, exemplary fundamentals, a strong professional team and an extraordinary location. The developer’s vision was to combine a home environment with the services and amenities of a condominium. Vacation home-owners wanted more than a piece of real estate, they wanted bespoke services and dedicated home management services. The Beach Enclave design ethos with low density and floorplans that seamlessly blend indoor with outdoor living spaces, modern but warm décor combined with fun amenities, maintains its successful path. Since the first launch of Beach Enclave North Shore in January 2014 the developers continue to strive to create new and lasting experiences and dream vacation homes. Now with five phases of development in three amazing locations, it is no wonder that the dreams of many vacation home-owners have come true.
Wanting to appeal to a broader market of home buyers, Beach Enclave developers introduced The Club at Beach Enclave Long Bay with four Beach Houses and a boutique condominium, The Club Residences. Now completely sold out with the Beach Houses nearing completion and The Club Residences due to start construction imminently the developers have cleared ground for the Phase 2 of Beach Enclave North Shore. Utilizing the same architect as The Club at Long Bay, the developer has taken a dramatic beachfront location and carved into the limestone shelf to seamlessly connect the Beach Houses to the surrounds. The exposed limestone functions as a design feature and acts as natural barrier offering privacy between the homes. The expanded resort amenities on this North Shore location include an elevated oceanfront Club Lounge with an indoor/outdoor bar and restaurant, lounge decks enhanced with water and fire features, an upgraded oceanfront Fitness Center and Yoga Deck, a lighted tennis court, kids club, and a one-of-a-kind luxurious Enclave Gardens, teeming with Caribbean fruit trees, all for the exclusive use of owners and guests.
We wanted to share with you the various milestones achieved by Beach Enclave in the making of the brand. We welcome you to BE a part of this incredible journey.
2020 TURKS & CAICOS REAL ESTATE MARKET CLOSES LIKE A CHAMP
The 2020 TCI real estate market performed better than we ever could have hoped for in the context of COVID–19, a four-month country-wide shutdown and stringent travel requirements. And I guess our task in this space is to seek to answer the question, as set forth by the great David Byrne of Talking Heads: “Well, how did we get here?!” Let’s start abroad: After the stock market cratered, it began to recover quickly and it became clear this was not a rerun of the 2008 financial crisis. Soon thereafter, we witnessed affluent buyers starting to move on luxury vacation property from Vail to Aspen, and from the Hamptons to South Florida. COVID–19 was triggering the opposite of the financial crash of September 2008, in that luxury real estate was highly desired by those looking for easy-to-access, safe-haven retreats away from urban areas and primary homes. With airports and resorts closed, and most commercial planes not flying, the luxury market was, quite urgently, seeking out real estate!
With the challenges faced by everyone in 2020 the Turks & Caicos Islands decided to recognize the efforts put forth amongst our community members and we are very proud that our sales executive, Lisa Lopes, was chosen as one of the Pandemic Heroes. Volunteers, like Lisa, often put their own challenges aside and reach out and assist without hesitation. Thank you Lisa! You are an incredible role model for everyone, especially your two lovely daughters. Congratulations to all the other recipients and those individuals who may not have been recognized – you brighten the lives of all those you have touched!
Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales
Anyone who has lived in the Equatorial zone, or has traveled to the Caribbean/S. America over the years during Christmas season, will be familiar with the Trade-winds. The Trade-winds, dominate most of the tropics and subtropics throughout the world and are a nearly constant (they only drop away during end of September and October) northeasterly wind in our hemisphere, that starts to blow in November of every year. By the time December rolls around we experience whether akin to Aspen, Colorado. Think bright blue skies with the sun beating down, but a cool chill in the air. Substitute snow-capped mountains for swaying palm trees and sandy beaches and you begin to get a feel for the special draw of Turks and Caicos (‘T&C’) during the holiday Christmas period.
Boat trips
Coral is beautiful to look at, but we don’t allow it to be taken out of the sea 🙂
Every December 26th since I was a child, we have enjoyed a Boxing Day boat trip on the Atabeyra. For those with British heritage you’re familiar with the joys of Boxing Day, which for all intents and purposes, is a much less chaotic day than its forefathers Christmas Eve and Christmas Day. The Irish call it Wren Day, other countries call it St Stephen’s Day, but for all who celebrate it, in practicality it has become a day to relax and unwind after the stress of the holiday season is over, and gather with friends and family to enjoy a final day of good food and great company. If you can enjoy this holiday, or any other day in December on a boat, you’re quids in! Boating is a year-round event in T&C, and it doesn’t stop during Christmas. The weather is beautiful, the sun is shining and we’re still swimming in the ocean. Granted the sea may be a little colder than we locals like it, but there’s no better way to wash off the cobwebs than taking a Boxing Day plunge, and let’s face it, anyone from the Northeastern seaboard or Europe would laugh if they heard us admitting we find it a little cold! The temperature is akin to taking a dip in the Mediterranean during Summer time, refreshingly cool, enough to enliven your skin and leave you feeling renewed and energized.
Inter-island travel is open again
Mudjin Harbour, Middle Caicos
If you, like many, have been confined to your homes/apartments since the outbreak of COVID-19, self-isolating, locked-down and going through the rigmarole of at home schooling like the saint that you are, imagine jumping on a ferry with your family (face mask on of course) and making your way over to North Caicos (population approx. 1,500). From North Caicos, you can rent a car and head over to Middle Caicos on the causeway to explore the caves and bluffs with virtually no one else in sight. Fresh air, clean breezes, big ocean and natural adventures abound in North and Middle Caicos, and are just what the doctor ordered after months and months of quarantine. Sure, you can stay cooped up in your apartment until the frost from winter thaws, or you can safely enjoy all that T&C’s sister islands have to offer, and give your family the gift of a memory they may not have otherwise had.
Outdoor Activities
Tip of the Tail Villa
With the end of the dreaded hurricane season in November, December’s climate is well known as the most hospitable environment for international travelers. We’ve talked about boating and beaching, but there is no end of outdoor activities to take advantage of. With highs in the low 80’s and lows in the high 70’s, December is a perfect time to get on that kayak or paddle-board and explore miles and miles of unspoiled natural environment. Mangroves, the same ecosystem that protects our shorelines during hurricanes, are peaceful and rife with small marine life, turtles and bird watching for the nature lovers out there. There are many places where you can enjoy these activities conveniently just by stepping out of your private villa’s backyard, like Tip of the Tail Villa. Otherwise you can join one of the many operators on a guided tour of these precious ecosystems. I especially like Big Blue Collective who have long been ahead of the game in focusing on small private groups and preservation of the flora and fauna of T&C.
Call me crazy, but without the usual queues of the seasons you receive when you live in the Temperate zone, its tough to know when Xmas is on its way. We tend to live in a perpetual endless summer in T&C, but there are a few key indicators that the Christmas season is well under way. The first of these signs is the lighting of the giant Christmas tree that has long been an annual tradition. In years gone by the space that Seven Stars now occupies, used to be home to one of the first resorts in T&C, the Ramada, and after that it changed hands to the Allegro. Those times are a distant memory now, and it’s hard to imagine a time when Seven Stars wasn’t Seven Stars. The resorts on this prime beachfront land are so varied in aesthetics, but the one common feature, other than the land they’ve occupied, is the lighting of the Xmas tree. That’s the thing about traditions, they stand the test of time.
Highly unique and private South Shore Peninsula at the end of Turtle Tail Drive.
The pool, with a glass wall, is the center of attention adorned with a built-in cabana daybed and is equipped with LED lights.
Retractable sliding doors open up to a 2,000 square foot terrace.
Private Lagoon Beach!
The courtyard with a 20 person fire pit, volleyball court, private beach, clear kayaks and paddle boards to explore the mangroves and marine life.
Tip of the Tail Villa, Turtle Tail Oceanfront, Providenciales Tip of the Tail is set on the highly unique and private South Shore Peninsula at the end of Turtle Tail Drive. This incomparable one acre parcel has 436 feet of water frontage with iron shore fronting the villa and to the east a private beach cove with palapas for shade. In the neighborhood of other luxury homes, Tip of the Tail was designed to maximize the guest experience. With its exceptional staff and management team, Tip has quickly become a successful short term rental with many repeat visitors. Originally priced at $5.9M.
Light At The End of The Tunnel 3Q Sales Show Steady Balance With Positive Year End Predictions
There is light at the end of the tunnel as we creep back to a somewhat normal life, albeit carefully, so as not to unleash further closures as parts of the world are now experiencing for a second time. The measures put into place have helped secure the health and welfare of our people here in the Turks & Caicos Islands and the steady stream of visitors fortunate enough to arrive over the past couple of months have been pleasantly surprised at the consistent protocols throughout the businesses on island. The atmosphere and the beautiful, uncrowded beaches make for a very refreshing place to rest and revive your spirit through this time. It is no surprise that real estate inquiries are streaming in and sales are continuing at a regular pace. Last year marked a record year in real estate sales so it’s humbling to compare to those numbers, however, the 3Q graphs for 2020 are indicating a constant and strong balance. It is noteworthy that, of the $147M in pending sales on MLS, we expect $80M of these deals to close out before the end of this year which would bring the projected annual total sales for 2020 to $273M, approximately $10M higher than our 2018 year end sales.
Turks & Caicos Islands Government Announces Stamp Duty WaiverFor Property Transfers Valued at $2M and UnderFrom Sep 21st to Dec 20th, 2020
The stamp duty waiver on property transfers would be available to all eligible applicants that transacts a transfer on or after the 21st September 2020 but before 20th December 2020.
The stamp duty waiver granted would be as follows: 75% reduction of stamp duty on property valued up to $2 million, made between 21st September to 20th October 2020 50% reduction of stamp duty on property valued up to $2 million, made between 21st October to 20th November 2020 25% reduction of stamp duty on property valued up to $2 million, made between 21st November 2020 to 20th December 2020
We are here to assist you through this process. If you have any questions please contact your local real estate sales associate at Turks & Caicos Sotheby’s International Realty. Office: 1.649.946.4474 | info@tcsothebysrealty.com
Although many of us would expect Covid 19 to trigger a reduction in second home demand, nothing could be further from the truth on the Caribbean Island of Turks & Caicos. The Sotheby’s Turks & Caicos office reportedly closed $70M in sales during the month of June. Some speculate that the high sales are the result of the reduced stamp duty on the islands, but is there something more significant driving these high sales volumes?
by Turks and Caicos Sotheby’s International Realty
Phase 2 Beach Enclave Long Bay
Vasco Borges, Developer and Founder of the Beach Enclave brand, is proud to announce the highly anticipated Phase 2 of Beach Enclave North Shore, which expands upon the original, award winning Beach Enclave boutique private villa resort.
Phase 2 offers ten tropical minimalist two to four-bedroom homes, sitting atop a magnificent, beachfront, elevated perch, with one of Providenciales’ most jaw dropping views of the north shore and the reef barrier, providing the perfect combination of elevated views and access to a virtually private beach.
“The homes are built to take full advantage of the topography. The first story of the Beach Houses are carved into the limestone shelf, seamlessly connecting them to the surrounds. Entry to the home is provided from the second level, so you have ocean views from 47′ of elevation in your master bedroom. The exposed limestone functions as a design feature, and acts as a natural barrier offering privacy between homes. The Ridge Top Houses set behind the Beach Houses, take full advantage of the position on the top of the ridge with 60′ of elevation from the first story and 70′ from the second.” – Vasco Borges, Developer, Beach Enclave.
With 35′ of elevation the Beach Houses range in size from 2,885 gross sq. ft. for the two bedroom to 4,080 gross sq. ft. for the three bedroom. Prices for the Beach Houses start at $1,895,000.
The Ridge Top Houses are superbly positioned to protect ocean views and privacy and range in size from 2,918 gross sq. ft. for a two bedroom to 4,817 gross sq. ft. for a four bedroom. Prices for the Ridge Top Houses start at $1,650,000.
“We are thrilled to be launching Beach Enclave North Shore Phase 2. Yet another amazing project with Vasco Borges and his team. On the heels of great success in Phase 1 next door, and a building reputation with two further locations in nearly sold out Long Bay, and sold out and soon to be complete Grace Bay, the phase 2 homes open the acclaimed BE Villa enclave concept to a wider and highly interested audience.” – Joe Zahm, Broker and President, Turks & Caicos Sotheby’s International Realty.
A menu of pre-designed options is available.
The expanded resort amenities include an elevated oceanfront Club Lounge with an indoor/outdoor bar and restaurant, lounge decks enhanced with water and fire features; an upgraded oceanfront Fitness Center and Yoga Deck; a lighted tennis court; kids club; and a one-of-a-kind luxurious Enclave Gardens, teeming with Caribbean fruit trees, all for the exclusive use of owners and guests.
Defying the Odds – First Half of 2020 Up Over Same Period Last Year
In late March, our world, and everything in it, came to a screeching halt, as Turks & Caicos Islands closed its borders to tourists and visitors through the end of June. Resorts, restaurants, airports and businesses closed and real estate deals, after a strong Q1, were either canceled or deferred.
However, unlike the aftermath of the financial crisis of September 2009, where we had weak fundamentals and luxury buyers disappeared, the opposite has occurred, with luxury and other buyers remaining in the game and continuing to shop and purchase real estate. Reports from our Sotheby’s International Realty network echo similar strength and trends in the US and Canada, and many countries internationally. In this regard, our market demand has shown much greater resilience and further, there has not been a flight to list property. So far, at least, our market has backed up prior assertions that we are stronger and fundamentally healthier. There are several reasons for this. First, we do not have an oversupply of inventory; second, we have very few speculators in the market; third, our debt–to–equity ratio is very low; fourth, throughout North America and beyond, there has been a COVID-19 surge to quality, open space and “safe” havens, and TCI checks all of these boxes. Finally, and most importantly, we continue to work diligently to communicate and serve our clients and customers. From our regular virtual internal team meetings to participation in Industry Zoom conferences, and virtual showings with customers and clients across the globe, we have placed quality communication at the forefront. In this regard, it is inspiring that we feel more connected with our network, team and community than ever.
Turks & Caicos Real Estate | Caribbean 