Turks and Caicos Market Report

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The Agency Turks & Caicos Market Report



+ TABLE OF CONTENTS

01 STAMP DUTY NOTICE

03 IMPULSE BEACH ESTATE

05 KARAYA BLUE

07 MARKET ACTIVITY

09 CANAL HOMES

11 YACHT CLUB OFFERINGS

13 CONDOS

15 LAND OFFERING

17 WYMARA

19 WYMARA 5107


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Turks & Caicos Government Announces a New Stamp Duty Reduction As part of the Turks & Caicos Islands' ongoing Stimulus Package, the government has announced significant reductions in Stamp Duty on real estate purchases through late December. (Stamp Duty is the only property tax in Turks & Caicos.) 75% reduction of stamp duty on the transfer of property valued up to $2 million, made between September 22, 2020 and October 20, 2020 50% reduction of stamp duty on the transfer of property valued up to $2 million, made between October 21, 2020 and October November, 20, 2020 25% reduction of stamp duty on the transfer of property valued up to $2 million, made between November 21, 2020 to December 20, 2020 *The Stamp Duty reduction is subject to conditions and eligibility considerations by the Turks & Caicos Government.

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Impulse Beach Estate PROVIDENCIALES

8 BEDS | 8 BATHS 21,000 SQ. FT. | 56,628 SQ. FT. LOT


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Karaya Blue PROVIDENCIALES

$1,175,000 | 3 BEDS | 3 BATHS 2,926 SQ. FT. | 21,780 SQ. FT. LOT


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“The Water Is Sacred� DJ KHALED

There has never been a better time to purchase property in Turks & Caicos. A quiet third quarter and Government Stamp Duty incentives are presenting opportunities for purchasers seeking long-term investment properties with a financial upside that has not been seen in recent years. Activity in the third quarter was largely driven by the local market and acquisitions of vacant land. With high value purchasers awaiting news of a further Stamp Duty reduction before reactivating their interest in the market, this lack of activity at the higher end was not surprising. It is clear that since our borders reopened, the Turks & Caicos Islands remain a beacon for luxury buyers seeking an escape, with many celebrities, including DJ Khaled, Jennifer Lopez and Alex Rodriguez, flocking to our shores. The appeal among high-profile visitors will continue to pay dividends in the long-term as we cement our status as the hottest real estate market in the Caribbean. THE ONLY QUESTION BUYERS MUST ASK IS, IF NOT NOW, THEN WHEN?

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Canal Homes

Windermere LEEWARD

$3,995,000 | 5 BEDS | 6 BATHS 8,700 SQ. FT. | 36,155 SQ. FT. LOT


18 Kelly Isle LEEWARD

$1,499,999 | 3 BEDS | 4 BATHS 3,383 SQ. FT. | 7,405 SQ. FT. LOT

Salt Life Villa PROVIDENCIALES

$1,150,000 | 3 BEDS | 3.5 BATHS 3,439 SQ. FT. | 6,534 SQ. FT. LOT

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Yacht Club Offerings

Penthouse E13 The Yacht Club PROVIDENCIALES

$1,185,000 | 3 BEDS | 3 BATHS 2,895 SQ. FT.


B4 The Yacht Club PROVIDENCIALES

$775,000 | 3 BEDS | 3 BATHS 2,015 SQ. FT.

D1 The Yacht Club PROVIDENCIALES

$680,000 | 2 BEDS | 2 BATHS 1,845 SQ. FT.

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Condos

Blue Haven Penthouse PROVIDENCIALES

$2,250,000 | 3 BEDS | 3 BATHS 5,581 SQ. FT. | 3 ACRES

Somerset Cottage 3 PROVIDENCIALES

$840,000 | 2 BEDS | 2.5 BATHS 2,755 SQ. FT.


B204 Villa Del Mar GRACE BAY

$479,000 | 2 BEDS | 1 BATH 1,098 SQ. FT. | 2-ACRE LOT

Flamingo Park Loft PROVIDENCIALES

2 BEDS | 2 BATHS | 1,215 SQ. FT. $330,000

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Reef Pearl PROVIDENCIALES

$4,999,999 | 3 BEDS | 3 BATHS 5,000 SQ. FT. | 43,560 SQ. FT. LOT


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Land Offerings

Bambarra Beach MIDDLE CAICOS

$825,000 | 2.89-ACRE LOT

117 Bougainvillea Drive PROVIDENCIALES

$775,000 | 0.63-ACRE LOT


Turtle Tail Drive TURTLE TAIL

$750,000 | 0.72-ACRE LOT

Leeward Landing

Frangipani Lane East

PROVIDENCIALES

PROVIDENCIALES

$250,000 | 0.2- ACRE LOT

$125,000 | 1.05-ACRE LOT

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Wymara 3203 PROVIDENCIALES

$499,999 | 1 BED | 1 BATH 621 SQ. FT.


Wymara 5112 PROVIDENCIALES

$1,750,000 0.56-ACRE LOT

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Wymara 5107 PROVIDENCIALES

$5,250,000 4 BEDS | 4.5 BATHS 8,260 SQ. FT. | 20,168 SQ. FT. LOT


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Your Move. THEAGENCYRE.TC

DISCLAIMER: While all reasonable effort is made to ensure the information in this publication is current The Agency Turks and Caicos does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all or any loss or damage arising in connection with the data and information contained in this publication. The property sales data is compiled using information provided by the Turks and Caicos Real Estate Association effective October 3, 2020. Any person using or relying upon such information does so on the basis that The Agency Turks and Caicos accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied. AN INDEPENDENTLY OWNED AND OPERATED FRANCHISEE OF THE AGENCY REAL ESTATE FRANCHISING, LLC