Turks and Caicos Real Estate Market Report

The Turks and Caicos Islands Real Estate Market Report Q4 - 2016 (Year End).

Q4 2016 Market Report The Turks and Caicos Islands Real Estate market continues to show growth in the condo and private villa sectors.

In reviewing sales figures for 2016 we can see very clear increases in both the villa market and the condo market with the villa market leading the way and establishing itself as a stand-alone and very desirable section of the overall real estate market.

In past years the condo resort market has led the way as Grace Bay Beach saw the rise in luxury developments throughout the length of its shoreline.

In today’s market there is a call for new and exciting products such as the Ritz-Residences, slated to begin construction in the first Quarter of 2017. A brand synonymous with luxury throughout the world and a fresh addition to the Islands’ inventory, the Ritz Residences will provide quality branding and a superlative lifestyle to the many new buyers whose 21st Century requirements have evolved to a new standard.

2017 has seen the Turks and Caicos Islands in the news as the ‘place to be’ with a long list of ‘A’ list celebs enjoying the peace and tranquility we offer. This has been seen in both the real estate sector and tourism sectors.

The Turks and Caicos continues to win award after award through the travel industry, featuring ‘Best Island’, ‘Best Beaches’, Best Place to Vacation’, ‘Best Resorts’, and so on.

The many changes around the world in 2017 are driving interest to the Turks and Caicos not just as a wonderful place to take a vacation but as a viable and safe place to invest. Turks and Caicos real estate embodies a tangible asset that offers safety and security of investment coupled with a beautiful, relaxed lifestyle that can provide your family with endless memories.

The following shows the representation of sales per sector based on the cumulative Dollar Volume of Sales through Q4 - 2016:

The Condo Resort Market continues to show gains through the 4th Quarter of 2016.

Condos in the $1M + range remain on par and can expect further signs of strengthening as properties currently under contract ultimately close.

Several new developments are in the works for the Turks and Caicos, adding new and exciting options to our existing real estate inventory. This will certainly increase the volume of interested buyers looking at the Turks and Caicos, some of which will be new and drawn to the TCI through heightened marketing from these new developments.

The Single Family Homes or Villa Market has certainly seen a substantial increase over the last year, primarily due to the new enclaves that are associated with several resort brands throughout Providenciales.

Individual Villas and Single Family Homes are also showing gains as buyers are looking to move on from the condo resort model, seeking more independence and increased privacy.

As can be seen from the graph above, land sales appear to have dropped significantly, It is however important to remember that in past reports we spoke of several large commercial land sales, such as those for the Ritz-Residences Development. This was a major contributor to the high volume of sales seen in previous years. As we progress through the start of the Ritz project, developers will look to acquire new sites for their projects, spiking sales in the future.

The Ritz-Carlton Residences: Regency Charities is pleased to announce the opening of the Ritz-Carlton Residences Sales Centre.

The Sales center is located in N101 at the modern and stylish Le Vele Plaza in the heart of Grace Bay. Potential clients and agents are welcome to stop by and preview the first major luxury hotel brand to be built in the Turks and Caicos Islands.

The Five-Star Ritz-Carlton Resort and Residences boasts a contemporary design, spanning 688 linear feet on world famous Grace Bay Beach.  With 10.5 acres of breathtaking views, a 125-guestroom hotel, 60 private condominium residences, two restaurants, spa and casino, the resort will set the new standard for luxury in the Caribbean. For more information on the Ritz-Carlton Residences contact walter@tcibrokers.com or visit our sales center, open from 9am to 5pm Monday to Saturday.

The Ritz-Carlton Residences.

Balcony View:

The Ritz-Carlton Residences.

Living-room View:

The Ritz-Carlton Residences.

Kitchen View:

The Ritz-Carlton Residences.

Bedroom:

and Bathroom:

Skye Palms-Location, Uniqueness and Limited Supply

US$3,950,000

A Prime Beachfront and Oceanfront Estate/Development Site

Comprising of 2.30 acres, with ocean frontage of over 250 linear feet. These two maturely landscaped and adjacent seafront lots each enjoy their own secluded beach.The property has varied elevations from sea level to approximately 115 ft, providing numerous options for the development of a private estate villa, or villa resort development. All with uninterrupted views and vistas of the ocean and its spectacular coral reefs. For Detailed Information Please Contact: robert@tcibrokers.com (An additional offering increasing acreage and extending the beachfront can be negotiated)

Bahia Mar Beachfront Villa in Taylor Bay

US$3,200,000

Chalk Sound, Providenciales, Turks and Caicos Islands

Details: 80 linear feet of beachfront 4,900 sq. ft.

0.62 Acre 4 Bedrooms 4 Bathrooms Bahia Mar is a true beachfront lifestyle villa. Situated on Taylor Bay, also known as Sunset Bay, this beautiful 4-bedroom, 4bathroom villa offers stunning ocean views while providing comfortable indoor and outdoor spaces, making living easy and enjoyable.

Created to be easily maintained as a cherished island getaway or a vacation rental property, Bahia Mar offers its owners and guests privacy and easy beach access on one of the most beautiful beaches in the Turks and Caicos Islands.

The property boasts a two-story villa of approximately 4,900 sq. ft. with many special features, including hardwood floors, customized cabinetry, and well equipped kitchen with all modern appliances.

The first story of Bahia Mar consists of a kitchen, dining room, living room and one bedroom with en-suite bathroom. The sliding glass doors, which run the entire length of the living room, open onto myriad breathtaking views.

Three of the four bedrooms are on the second floor. All second-story bedrooms open onto a balcony that runs the length of the house and overlooks the beach and its captivating turquoise waters.

At the beach, by the pool, or on the tennis court, Bahia Mar offers everything a beachfront villa should.

For More Information Please Click HERE.

On The Cover - Triton Beachfront Villa

MLS #1600610

Offered at: US$ 11,500,000

Triton is a spectacular luxury beachfront villa located on Long Bay Beach, Providenciales, in the Turks & Caicos Islands.

This recently completed luxury villa is tucked behind the pristine sand dunes of Long Bay Beach.

Triton Villa occupies over 2 acres of lush landscape and 155 ft. of beach frontage. Experience a setting of natural beauty and lush tropical landscaping while soaking in breathtaking panoramic views of the turquoise Caribbean waters. Providing relaxation, comfort and style in over 12,000 sq. ft. of lavish beachfront living space.

There are 7 bedrooms and 7 bathrooms, private decks for each bedroom, a home office, and surround sound system inside and out. Other features include an outdoor movie theater with fire pit, an outdoor kitchen, beach front yoga pavilion, large glass-front pool with an infinity edge hot tub, and a private tennis court on a stunning beachfront site. Step out onto the secluded powdery white sands of Long Bay Beach, ranked by Conde Nast as one of the 10 Best Island Beaches Around the World.

Come take in some of the unsurpassed outdoor recreation the Caribbean has to offer. Enjoy endless unobstructed views of the world famous turquoise waters of the Turks and Caicos Islands. And remember to bring your kite: Long Bay Beach is ranked one of the best kiting destinations in the world. For More Information Please Click HERE.

Silver Sands Beachfront Villa

MLS#1500714

Offered at: US$5,350,000

Stunning Caribbean Beachfront Home Located on a stunning stretch of beach on the Island of Providenciales, Turks and Caicos Islands, the same island recently awarded "The #1 Travelers' Choice Island in the world 2015' sits the Silver Sands, an exquisite blend of true Caribbean charm and a modern, contemporary style that provides both comfort and functionality.

The Silver Sands sits on well over an acre of spectacular beachfront property with 188 linear feet of coastline frontage. This seven-bedroom, 10,000 square foot home offers unparalleled access to powder soft white sand beaches, and Turquoise waters beyond, all just steps from your back door.

A design brought to fruition by the European architect Stanislav Fiala, the sleek modern interiors provide an open, free, and simplistic experience, whilst at all times directing your gaze to the azure waters beyond and blending both experiences without separation. Two buildings meet to comprise this attentively designed beach home that offers elegant natural light and open-air expansiveness throughout the home with use of glass and wooden louvers.

Further expanding on the trend of openness, three outdoor living areas invite entertainment, and the third level deck, accessed by a spiral staircase, serves as the perfect private viewing area to enjoy tropical sunsets and sunrises.

The outdoor area features a custom stainless steel, large sized pool, a timber Ipe deck, and water features with falls tumbling over grey and ochre slate walls. The main house includes ample open-living space, custom designed kitchen, and three master suites with minimalist interiors; all create an atmosphere of tranquility. Four additional spacious guest suites can be found at beach level.

Opportunities abound for customization of this level to suit your needs. An additional single-story building is located behind the main house for caretakers' accommodation along with a double garage. For More Information Please Click HERE .

East Wing

View from the Beach

Pool

Sky Deck

Kitchen

Bedroom

Livingroom

Bathroom

Luxury Real Estate Specialists Regency-Christie’s International Real Estate Suite B202, The Regent Village, Regent St, Grace Bay, PO Box 973, Providenciales, Turks & Caicos Islands, BWI Office (649) 941 4100 Int. Tel (954) 636 1426; (954) 284 4053 Int. Fax (954) 206 0989 info@tcibrokers.com www.TheTurksandCaicos.com