Beach Enclave Turks & Caicos – The Making Of A Successful Brand

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 welcome you to view the listings in detail.

Beach Enclave Journey Of Success

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.

Link to Beach Enclave North Shore Phase 2

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales

1.649.946.4474 | info@tcsothebysrealty.com

Turks & Caicos Real Estate Market Report Year In Review 2020

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!

Link here to full report

Turks & Caicos Sotheby’s International Realty

Humanitarian of the Year Turks & Caicos – Pandemic Hero 2020

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

Sales Executive Profile

A Message from Governor Nigel Dakin – Humanitarian Awards Dec 11, 2020

Why I Love December in Turks and Caicos

  1. The Trade-winds are back
Sunset over Grace Bay beach

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.

  1. 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.

  1. 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.

  1. 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.

  1. The Seven Stars Xmas tree
Shot by Kaieri Media

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.

Written by:

Courtney Chapman

Significant Price Improvement! Tip of the Tail, Providenciales, Turks & Caicos Islands

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.

Now Priced at $4.75 Million. 

Contact Listing Agent – Imelda Burke

imelda@tcsothebysrealty.com

Cell: 1.649.242.1241 Office: 1.649.946.4474

Turks & Caicos Sotheby’s International Realty

6 Properties Sold with the Help of Technology

Video

Video provided by Kaieri Media

You may have heard the term “disruptor” being thrown around over the last few years. Uber Eats would be a well known example, as a company that caused radical change to an existing industry or market by means of innovation, in this case to the F&B industry. Air B&B would be another example of a disruptor company for the Hospitality industry. Though we technically can’t categorise COVID-19 as a company, the virus’s advancement worldwide, has caused radical change, not only to the way we do business in all private sectors, but also to the way we live. The term disruptor is somewhat misleading, in that it implies a negative interference with the norm. Though change on any level can be unsettling, the Uber Eats and Air B&B’s of the world have brought positive improvements to the F&B and Hospitality industries, by widening the traditional net of employment and consumer base through convenience and accessibility.

In 2020 the COVID-19 virus has been the disruptor of the Real Estate industry. Our process for selling homes still relies ultimately on the guiding principles of trust and connection with our buyers and sellers, but we have had to pivot quickly to replace what has traditionally been a face to face industry, marked by in person viewings and showings. With the help of the Sotheby’s International Realty brand and the importance placed on the use of technology, thankfully we’ve been in a position to make the most of our new reality and cater to our clients needs by hosting virtual spotlights, creating 3D virtual Matter-ports, and taking buyers on Facetime walk throughs. Below is a list of 6 properties sold, either wholly, or with the assistance of technology.

  1. The Wright House
Listed and sold by Michael Bovell

The Wright House in Chalk Sound, overlooks Silly Creek with waterfront vistas abounding. A perfect example of the power of technology to affect a sale and purchaser. The Wright House was listed in July 2020 and sold after 37 days on market, all, wait for it…virtually. The purchasers were familiar with Turks & Caicos and made contact with the listing agent who toured them through the property on Face time and found a connection for them – a perfect fit of homeowner with home – they loved the decor, the layout, the views, the location, and the property had signed contracts for its purchase within two weeks of the list date for $1.1M.

  1. Villa Rocco
Listed by Michael Bovell, sold by Dee Agingu

Just across the way from The Wright House, in private Silly Creek estate, Villa Rocco, a 4 bedroom waterfront home sold after 65 days on market for $1.5M. In the case of Rocco, both the listing and selling agent were within the Turks and Caicos Sotheby’s International Realty family. Again, Face time walk through was the technology of choice for the selling agent to familiarise the purchaser with the property, which was beyond their expectations.

  1. Water’s Edge
Listed by Patrick Staples

An oceanfront classically Caribbean home sits just on the Water’s Edge, as its moniker describes, with south facing views. Charming and idyllic, this 3 bedroom home on .6 of an acre was sold through a combination of the Turks and Caicos Real Estate Association network and technology. At $1.125M, the home sold after approximately 5 months, with a simple Face time walk through via iPhone, but with those views it’s easy to see why.

  1. Haven House
Listed by Dee Agingu, sold by Lisa Lopes

Sensing a theme emerging? Homes between $1-2M located in the area of Chalk Sound/Silly Creek are trending in the last few months. Haven House sold after 85 days on market for $1.1M. The three bedroom home was introduced to the buyers through a physical walk through once the islands opened up officially in July. Matter-ports were the technology of choice for these buyers, who reviewed multiple homes and dollhouse views before they were able to fly in for 48 hours. Once the scope had been narrowed, a Face time walk through was used to reaffirm their love for the property.

  1. The Grandview 302
Listed by Nina Siegenthaler and Richard Sankar, sold by Lisa Lopes

One of the prettiest little spots on the beach, the Grandview has long been an unimposing gentle residential resort with lots of appeal. Even so, the average time between listing and sale for condominiums usually runs between 12 – 18 months. This little beaut sold after 48 days on market from within the Turks and Caicos Sotheby’s International Realty family with the aid of a Face time walk through, for $1.5M.

  1. Villa Alamandra
Listed by Nina Siegenthaler, Sold by Imelda Burke

A Balinese dream and the second highest sale price in Silly Creek’s history – Villa Alamandra deviates slightly from the trends above, in that it has been on market a little longer than its neighbouring sales. What makes this story so unique is not the technology employed, Face time walk through was used here as well, but the fact the purchaser was a first time buyer in Turks & Caicos. At a sale price of $2.95M, that is a significant level of trust and investment in the country and the agents brokering this sale, and a reflection of the certainty the buyer had in this property being right for them. The confidence required to bring together the sale could only be achieved through the professionalism of the agents involved and the purchasers ability to see the property live.

In summary, we’re seeing an overall shortening of the length of time properties are sitting on market and a more focused view from buyers looking for the perfect home to ride out the remainder of the pandemic. COVID-19 has disrupted not just our way of doing business for the better, it’s provided buyers with the motivation to take the step(s) they have been dreaming about. For some that means the purchase of a larger home, for others it means investing in the Turks and Caicos real estate market for the first time.

At Turks & Caicos Sotheby’s International Realty we remain at the forefront of brokerage leadership with the use of technology. Whether it’s the importance we place on digital listing assets through the use of high resolution photography and video, 3D virtual reality tours and Matter-ports (special shout out to our amazing Marketing Director Denise Douglas for putting these together), our apple TV app, streaming and syndication capabilities, our use of augmented reality through CURATE and Ro0omy, or simple Face time walk throughs to ensure we’ve found the right fit for our buyers and sellers. At Turks and Caicos Sotheby’s International Realty we believe in pivoting and staying ahead of the curve. No not that curve…which has now been flattened in the Turks & Caicos. Special acknowledgment to the Turks & Caicos Government for a job well done on flattening the curve, and providing the country with the Stamp Duty Tax reduction during this difficult time.

p.s. The Stamp Duty Tax reduction is still in place until 30th December 2020 on land and properties up to $2M.

Turks & Caicos Homes For Sale $1M – $2M

Turks & Caicos Condos For Sale $1M – $2M

Turks & Caicos Land For Sale $1M – $2M

By Courtney Chapman

11th November 2020

Turks & Caicos Real Estate Market Report – 3rd Quarter 2020

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.

Link here to full report

10 Opportunities Under $2M that Benefit from a 75% Reduction in Stamp Duty for the Next 30 Days

The Turks & Caicos Islands Government (‘TCIG’) has announced a Stamp Duty Waiver Policy (‘SDWP’) that will run for the next 90 days and is available to all eligible applicants that transact on a property valued up to $2M between Monday the 21st of September through Sunday the 20th December 2020. Wonderful news for those looking to purchase property in Turks & Caicos, or those wishing to sell their properties within this price bracket. The tiered SDWP rates are an important motivator for the market during this time and are further explained below:

Purchasers looking to purchase within the next 30 days (until Tuesday 20th October 2020) receive the greatest benefit of a 75% reduction in Stamp Duty. Purchasers looking to transact between Wednesday the 21st October and Friday the 20th November would benefit from a 50% reduction, and those looking to purchase between Saturday 21st November and Sunday the 20th December would receive a 25% Stamp Duty reduction.

The TCIG’s SDWP applies not only to homes up to $2M, but also on land purchases up to $2M and off plan new development purchases whereby the land is valued at under $2M. Whether you are looking for something ready built, a future investment, or to bank some land for a rainy day here is a list of 10 purchase opportunities that benefit from the SDWP:

1. Bamboo House

Bamboo House: Taylor Bay, Turks & Caicos Islands

“We have enjoyed the unforgettable sunset views over tranquil Taylor Bay and our ritual beach walks. We also love our small and secure community known as Sunset Bay and find it a real gem of a neighborhood.”

Owner of Bamboo House

Bamboo House priced at $1.95M is a 5 bedroom property in the beachfront community of Taylor Bay that epitomizes an island home, with sunset-facing views ocean views from the pool deck and water views over Chalk Sound National Park from the front entry. Built in 2014, the 4 bedroom Main House with 1-bed Guest House benefits from a large swimming pool and easy beach access to exclusive Taylor Bay beach. Did I mention you also have a private tennis court at your disposal? Oh wait…and there is also a .66 acre vacant beachfront lot priced at $1.35M, and offered separately for sale. Whether you’re planning an immediate move or have dreams of building your own beachfront home one day, this is an offering with appeal.

2. Beach Enclave North Shore Phase 2

Beach Enclave North Shore Phase 2 is a contemporary dream that sits next to, and shares amenities with Beach Enclave North Shore, the first of the acclaimed Beach Enclave properties. Now expanded to three villa enclaves in three different locations around Providenciales: North Shore, Grace Bay (fully sold out), and the South Shore on Long Bay beach (which offers an interesting mix of built standalone villas, Beach Houses – with 1 left that also qualifies for SDWP – and a boutique Club with a select number of private condominium suites), Beach Enclave is defined by tailor-made service and an increasingly contemporary aesthetic. Brazilian architects Jacobsen Arquitetura have created standout designs for phase 2 and the good news is that every home in Phase 2 qualifies for the SDWP.

3. Dolphin Lane

24 Dolphin Lane: Long Bay, Turks & Caicos Islands

Set atop a hillside in Long Bay, Dolphin Lane is a family home with everything you need, from a swimming pool, to a trampoline, a herb garden and more, and that’s just scratching the surface with this unique home ownership opportunity. Inside, the home is even more impressive, with mill work detail throughout, a custom kitchen and 4 bedrooms plus a media room. French doors open out to 360 degree views over Grace Bay. At $1.9M Dolphin Lane represents a rare opportunity to own a newly completed and custom designed family home that requires no renovation! Put those drills down and narrow in on this spectacular spot.

4. Sugar Reef

Sugar Reef Villa: Turtle Tail, Turks & Caicos Islands

Gated? Tick. Ocean Views? Tick. Swimming pool? Tick. Large lot? Tick. Sugar Reef Villa, at approximately 4,000 SF, sitting on .99 of an acre overlooking the ocean, is a 4 bedroom home focused on relaxation. This is felt throughout every space, with all bedrooms benefiting from ocean views and an entire upper level dedicated to an open concept living and dining area plus kitchen that also looks out to the ocean. Shaded and uncovered entertainment and relaxation areas surround the pool and at $1.375M this property is offering so much benefit for your investment.

5. Rock House

“Rock House is perfectly positioned to meet the growing demand from buyers seeking their own retreats where privacy, space, high quality of design and service are likely to be even more sought-after”

Nina Siegenthaler Vice President of Turks & Caicos Sotheby’s International Realty

With 28 homes under construction, Rock House is moving rapidly towards completion and is on track for opening in Fall 2021. Rock House is designed by Coast Architects and brought to you by Grace Bay Resorts, Operator of Grace Bay Club, Point Grace, West Bay Club, The Residences, The Dunes and soon to be South Bank. Only 6 homes remain in phase 1 of Rock House, all of which qualify for the TCIG’s SDWP. Does an oceanfront Studio for $700K appeal to you? How about a Two Bedroom Oceanfront Home for $1.895M or Elevated Ridge Home for $1.995M? How about access to a virtually private beach? An oceanfront restaurant, fashioned after the resort properties of the Mediterranean? A 70 foot swimming pool?

6. Villa Rise

Villa Rise: Leeward Canal, Turks & Caicos Islands

At $1.795M in the prestigious community of Leeward, Villa Rise, offers an urban feel to its traditional Caribbean surrounds. Boat dock and access to Blue Haven Marina are two benefits of this 4 bedroom newly built contemporary home. Another is the private International School of the Turks & Caicos, being located a stone’s throw away.

7. South Bank

South Bank, the latest development from Windward, the team behind Blue Cay Estate and the Peninsula at Emerald Estate, is a residential resort and marina development along Long Bay beach. The first of its kind, South Bank’s homes range from 3 – 6 bedrooms and all enjoy a unique relationship to water. The Lagoon homes offer a peaceful beach front location, some with private docks. The Ocean Estate homes are larger and occupy an oceanfront position. Soft contemporary architectural designs from London/TCI based Blee Halligan, boat concierge services, an affiliated marina, tennis court, restaurant, spa, management and operation from Grace Bay Resorts and easy access to the ocean for outer island exploration, are a handful of the winning features of South Bank.

8. Bianca Sands

Bianca Sands 301: Grace Bay beach, Turks & Caicos Islands

Bianca Sands 301 is offered at $1.65M and occupies a supreme position overlooking Grace Bay beach. This rare high-level 3 bedroom corner unit is conveniently located in the Regent Village, comprised of retail shops, a coffee shop and multiple restaurants. Miles of powdery white sand await, just outside your sun-soaked terrace.

9. Coral View Villa

Coral View Villa: Richmond Commons, Turks & Caicos Islands

Overlooking West Grace Bay beach and sitting atop a 45 foot ridge, Coral View Villa offers a lot of house with 4,505 SF and 3 bedrooms for its list price of $1.375M. If you’ve been keeping an eye on this property or hoping to move into a bigger house, take a closer look now – this may just be the moment you have been waiting for.

10. The Sands

The Sands 3309.10: Grace Bay beach, Turks & Caicos Islands

The Sands is located in the heart of Grace Bay, the No.1 beach in the world. Tastefully furnished and enjoying a penthouse position, 3309.10 enjoys warm easterly sea-breezes and direct ocean views, as well as flexibility for rentals (dividing up into a 2 bedroom and 1 bedroom for multiple rental options). 3309.10 isn’t the only unit available for purchase that qualifies for the SDWP, take a look and start planning your purchase today.

Land Opportunities Under $2M

Home Opportunities Under $2M

Condominium Opportunities Under $2M

By Courtney Chapman

22nd September 2020

Turks & Caicos Islands Government Announces Stamp Duty Waiver

Turks & Caicos Islands Government Announces Stamp Duty Waiver For Property Transfers Valued at $2M and Under From 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 

Link to Stamp Duty Waiver Policy

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