Turks & Caicos Real Estate 1stQ Market Report 2015

Turks & Caiocs Islands

The Turks & Caicos Real Estate Market continued its solid performance in Q1 of this year, pretty much matching the performance of Q1 of 2014 at circa 61M in Closed Listings. There are, in addition, 39 Pending transactions in the MLS that should close later in 2015 or in early 2016, highlighted by the pending sale of the magnificent Leeward beachfront villa, Amazing Grace (listed at 17.9M).  Click here to read more.

By Joe Zahm, President & Denise Douglas, Marketing Manager

Turks & Caicos Sotheby’s International Realty

 

Turks & Caicos Construction Update – The Dunes Villas

In early September 2014, The Dunes Development ( #turksandcaicos ) broke ground on the first building of a two villa micro-resort concept  and design which, after completion, will be managed by Grace Bay Resorts, the leader in the short term rental market in  Providenciales with Grace Bay Club, The Estates at Grace Bay Club, West Bay Club and the new villas The Residences.  The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio. We welcome you to view our April 2015 construction update. Click on the picture below to download the 6 page PDF update.

Turks and Caicos Real Estate

 

The Shore Club Newsletter – Long Bay, Turks & Caicos Islands

SC.NewsletterMar2015

Link to The Shore Club Newsletter

Turks & Caicos News – Sailrock Construction Update

Sailrock_Update_March2015_CoverLowres

March 18, 2015

Today marks the one year anniversary of The Villas At Great House Groundbreaking Ceremony and we are pleased to present the following construction update.   Click on the picture or this link Sailrock Update to view our six page report.
Turks & Caicos Sotheby’s International Realty

House Hunters International Discovers Salt Cay

HouseHuntersMar2015

Tune in to HGTV as House Hunters International discovers Salt Cay, Turks & Caicos – a charming island southeast of the main island of Providenciales.  Steeped in history this sleepy little island is pure relaxation in a rustic setting.

Link to HGTV Episodes

Link to Compass Rose Cottage, Salt Cay

PARROT CAY ANNOUNCES NEW BEACH HOUSES AND PARTNERSHIP WITH TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY

PC.PressReleasePARROT CAY ANNOUNCES NEW BEACH HOUSES AND PARTNERSHIP WITH TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY

Celebrating its 16th year of award-winning operation, PARROT CAY by COMO remains the enduring favorite Caribbean retreat, offering the perfect balance of service, comfort and exquisite natural beauty – all within just 3.5 hrs from New York City and 1.5 hrs from Miami. Parrot Cay is now in full bloom, the benchmark for personalized service, iconic island style, and yoga and spa retreats in the entire region.  Link to more information.

Turks & Caicos Real Estate 2014 Year End Market Report

Jan2015Cover

The 2014 Turks & Caicos real estate market went out with a bang, on the strength of a great December of production, highlighted by the sale of a major TCSIR listed development parcel in North West Point for $23M. This strong finish helped lead a 20% $ volume increase over last year ($210M vs. $174M) with a 17% increase in average price. Passing the $200M benchmark is a sign of market health and provides a strong basis for future growth once new development fires up within 2015.

Link to Read More

JamesEdition.com Newsletter ~ Find Your Paradise Home In The Caribbean

Slow Down in Turks & Caicos Islands

An increased demand for second homes in a tropical setting has prompted developers and homebuilders to ramp up construction. Residents of the British-dependent territory enjoy legendary diving, snorkeling and fishing and a slower pace.

Click here for full JameEdition.com Newsletter

Turks & Caicos Sotheby’s International Realty Official Broker for Shore Club

low rise condo building rendering

For the second time in 15 years, two of the most successful names in Turks and Caicos real estate development have formed an alliance.

The Hartling Group has named Turks & Caicos Sotheby’s International Realty (TCSIR) as the official broker for the Shore Club. The third luxury beachfront resort development for the Hartling Group, the $100 million Shore Club is now under construction on Long Bay beach.

Hartling Group CEO Stan Hartling, and Turks & Caicos Sotheby’s President Joe Zahm, first worked together in 1999, when Zahm provided consulting services on the design of phases two and three of Hartling’s first resort project on Providenciales – The Sands on Grace Bay.

The Sands became one of the first and most successful condo-resorts on Providenciales, and Zahm’s real estate agency (first established as Connolly Zahm Properties) became a powerhouse new development specialist before it morphed into its present form as TCSIR.

From that first occasion when Hartling and Zahm combined their collective expertise has come many years of professional respect and personal friendship between the two business leaders. “I’m really looking forward to working with Joe and his team again,” states Hartling. “We feel that combining our in – house abilities with Turks & Caicos Sotheby’s International Realty’s local, regional and international power, puts the Shore Club, and other Hartling Group developments in the optimal position to grow on our success. Joe, Nina Siegenthaler and their team have deep knowledge of the resort real estate model and luxury market, and have many tools at their disposal to penetrate the international market through the Sotheby’s International Realty Brand”.

Adds Zahm: “The timing is ideal for our team to represent the Shore Club to our international audience. Long Bay is now home to some of the finest completed and under-development estates in the Caribbean, with strong market demand and rapidly improving values. Just as Stan’s existing developments significantly exceeded expectations, so too will the Shore Club, with its highly evolved, lower density master plan, multiple swimming pools and restaurants, great condominium suites and incredible single family villas. Construction is progressing quickly and with over 60% of the condominiums sold, we look forward to introducing buyers to this exceptional opportunity to purchase a luxury condominium or villa within an expertly designed development in a private, exclusive setting”.

Beachfront condos at the Shore Club start from $1.4 million, and the six bedroom villas start from $5.5 million. The condos will be ready for occupancy in early 2016.

###

Shared from The Shore Club Blog – November 13th, 2014

BEACH ENCLAVE STARTS CONSTRUCTION – NOV. 5, 2014

Beach Enclave Press Release

BEACH ENCLAVE is pleased to announce that construction has commenced on Beach Enclave, a premier, gated, beachfront, single family villa development combining private home ownership with tailored rental and management services.

Click here to read more