Dedicated to renewable energy and committed to smart sustainable practices Karaya Blue have partnered with renu energy TCI to provided Tesla Power Wall solar power system. Lowering your energy cost through the power of the sun, utilizing energy storage to store the energy for when you need it, and combining it with Tesla’s latest electric vehicles – a winning combination.
Relax. Recharge. Reconnect.
The ease of turn-key property management at Karaya Blue is provided by TKCA Vacation Rentals. A proven property manager in the Turks & Caicos, TKCA brings a wealth of knowledge and expertise to Karaya Blue, ensuring that the owner's property is immaculately presented for their return and to ensure a seamless rental property during their absence.
Contemporary and Considered Furniture Founded in 1979 in Newry, Ireland, Orior remains a family-and-friend run business that hopes to inspire people to slow down and take time for themselves and one another. Dedicated to quality, comfort, and luxury, Orior’s handmade furniture explores form, function, and materiality, drawing creative motivation from the dynamic collaboration between designers and furniture makers. At Karaya Blue, Orior has created a go-to destination, drawing inspiration from the Turks & Caicos islands to imbue the property with world-class design. Each villa design fuses high-quality Irish materials with the intimacy and familiarity of the island culture, resulting in a relaxed and elegant atmosphere through a perfectly balanced use of colour, texture, and space.
Global Experience. Local Touch.
Karaya Blue's developer LATITUDE 22 (www.latitude-22.info) was founded by Gary Belk, whose
architecture degree from
Texas A&M University formed the springboard for some 30 years of successful home design, building, and remodeling in dynamic, high-ticket, North American markets – especially the San Francisco Bay Area. Gary, now a full-time TCI resident, having personally owned and improved property in TCI since 2002, relocated LATITUDE 22 to TCI after completing a successful villa development project on the Honduran island of Roatan. The developer’s mission is to create modern, luxurious-yet-affordable, vacation villas that enable the best of tropical island living. Karaya Blue is Latitude 22's third TCI development following its success with Grace Bay West and The Ridgeview Collection.
Something Needed Something New
Six Exclusive Villas
Experience living
at
the
future
Karaya
Blue:
of a
contemporary collection
of
Caribbean
six
exclusive,
single-family villas in Long Bay, Providenciales. Each 3-bedroom, 3-bath villa is situated on a lush, half-
3 bedrooms
acre lot, amidst 50 acres of reserved, natural open space,
2 breathtaking designs 3,034/2,926 Sq. Ft.
boasting
a
sustainable
lifestyle
and
deeded
access to the white sands and turquoise waters of Long
Bay
Beach.
Karaya
Blue
villas
are
solar-
powered, offer optional custom furniture packages,
Secure Community
and
turnkey
services
Deeded Beach Access
Rentals.
by
property
the
leading
management provider,
and
TKCA
rental
Vacation
How it works Buyers take ownership by way of two agreements: 1) a land sale agreement (land value allocation of approximately $100,000), and (2) a villa construction agreement.
Payment is made in stages, as follows:
Complete Reservation Agreement with a small refundable deposit. Signing Agreement for Sale - 10% of the land value allocation as Deposit. At Closing, the balance of the land value allocation, the stamp duty on the land value, the closing costs (approx. 1-2%), and a deposit of 5% of the Construction Agreement cost. When construction begins - 20% of the construction cost. Upon ground floor belt beam completion - 25% of the construction cost. When the structure is watertight - 25% of the construction cost. The final 25% of the construction cost at Practical Completion.
Each stage payment is due only upon certification by a Quantity Surveyor.
CONSTRUCTION SCHEDULE Owners can expect construction to start within three months of closing - unless delayed by time spent in further custom design of the home - and construction to be completed within 12 months, with an additional month for snagging, landscaping, and furniture installation.
CLOSING COSTS TCI Stamp Duty is currently 6.5% of the land value (only), and attorney’s fees and registration charges are typically 1% to 2% of the total purchase price.
FINANCING Some of the largest international banks maintain a local presence in the Turks & Caicos Islands. Scotiabank, and CIBC First Caribbean International Bank will typically provide mortgage loans with loan to purchase cost ratios at 60 – 70%. US based financial institutions will also allow purchasers to leverage foreign assets to fund the purchase. Please ask us for more information.
FURNISHING A complete turn-key optional furniture package is provided by Orior of NYC.
For More Information Contact Sean O'Neill | Sean.ONeill@TheAgencyRE.tc | 649.232.1316