Grace Bay Resorts is Pleased to Introduce the Release of the Reserve Villas

The Reserve Villas at Rock House are a pre-construction offering of only 10 villas set on the hilltop ridge overlooking the resort and ocean beyond. The 3-bedroom and 4-bedroom ocean view villas are located on the upper ridge and are 2-storey designs at 65’ of elevation on the main level and 76’-6”on the upper level. The 2-bedroom ocean view villas offer the option of an additional den across the courtyard garden and are located on the first ridge at 50’ elevation above sea level and are 1-storey designs, each with their own pools. At these elevations on the Rock House site, the views are panoramic and positioned with ease of access and proximity to the resort and Beach Club amenities. The villas are constructed to the highest standards in keeping with the first phase already nearing completion, fully compliant with Turks & Caicos building codes and meeting international standards. Built and designed with the finest of interior finishes and fixtures, the highest quality appliances, custom impact-rated sliding glass doors/windows and structural concrete construction and with an ecological approach. The property has taken its place in nature seriously and has retained and replanted more than 4,000 native plants and trees throughout the site to ensure this low-density resort remains authentic to its locale.

Rock House, set to open in May of 2022, is the next generation luxury resort and residential development in Grace Bay Resorts’ family of successful hospitality brands. Capturing the allure and elegance of the south of France, Capri and the Mediterranean coast, this distinctive private resort blends elegantly into its rugged coastline and elevation, providing unsurpassed views and privacy in a handmade setting. The center of attraction at Rock House is its dramatic, secluded beach, and an oversized pool perched on a 25-foot limestone cliff. Upon the hilltop overlooking it all will be a restaurant and bar, spa, fitness center and arrival pavilions, each offering a 180-degree view of the Atlantic Ocean and Providenciales.

Link to The Reserve Villas Listings

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

turksandcaicossir.com, 649.946.4474, info@tcsothebysrealty.com

Despite Covid 19 Turks & Caicos Real Estate Enjoys Increased Popularity

Although many of us would expect Covid 19 to trigger a reduction in second home demand, nothing could be further from the truth on the Caribbean Island of Turks & Caicos. The Sotheby’s Turks & Caicos office reportedly closed $70M in sales during the month of June. Some speculate that the high sales are the result of the reduced stamp duty on the islands, but is there something more significant driving these high sales volumes?

Link to Full Article

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by The Extravagant Team, The Extravagant, The Luxury Lifestyle Destination

Wealthy Americans are Flocking to Turks and Caicos to Buy Luxury Real Estate

The Peninsula at Emerald Estate – Beach House 1

Even the coronavirus pandemic couldn’t stop the Turks and Caicos real estate market.

The coronavirus pandemic chilled real estate markets across the U.S., but it didn’t stop the surging demand for property in Turks and Caicos.

As real estate elsewhere has dropped, the Caribbean nation has seen records broken despite the global pandemic, according to Mauricio Umansky, founder and CEO of real estate firm The Agency.

“We have definitely seen some extraordinary prices,” he told FOX Business.

South Bank is a low density 31-acre residential resort and marina community along 2,200 ft of beach and iron shore including a unique peninsula located on the southwestern end of Long Bay beach, offering some of the finest views over the Caicos Banks.

Sales volume of single-family homes in Turks and Caicos during the first quarter of 2020 outpaced the same period of 2019, and condo sales outpaced the two previous years to date, according to a Sotheby’s International Realty report.

Turks and Caicos is conveniently close to the U.S. and boasts some of the world’s best beaches, according to Umansky. The country also uses the U.S. dollar and has no property, income or capital gains taxes. The real estate market was already seeing big growth there last year, and it benefited from publicity around the sales of luxury homes that had belonged to Prince and Bruce Willis.

Rock House Resort – A New Era Of Elevated (Grace Bay Resorts)

Wealthy Americans looking to vacation in Turks and Caicos were more likely to rent before the pandemic, so they could spend a summer there and then jet off to another luxury locale the next year, according to Umansky. But he said the pandemic has made the rich realize they want to own a second home outside crowded cities so they have someplace comfortable to stay in the event of a similar event.

TURKS AND CAICOS REAL ESTATE MARKET FLOURISHES AS RICH BUY LUXE ISLAND VILLAS

“So there’s a big trend, they want to have a place to sequester and to have that second home if this happens again, and to have a home where the whole family can go, not just a little apartment that they don’t all fit in,” he said.

Turks and Caicos officials did close its borders in March as a result of the pandemic. The country has remained relatively unscathed by COVID-19, with just 12 cases and one death among the popular of 39,000 people, according to the World Health Organization. As of June 15, officials said there were no active cases of the illness in the country.

Beach Enclave’s newest boutique resort offering – the first true luxury boutique resort in TCI.

WEALTHY CORONAVIRUS RUSH HITS ‘FORGOTTEN’ TOWNS

The Turks and Caicos government also incentivized real estate purchases during the pandemic by offering a 50 percent cut in stamp duty, waiving custom duties on construction materials and cutting planning fees by half, the Caribbean Journal reported.

Now the border is set to reopen on July 22 when Providenciales Airport reopens. The Grand Turk Cruise Center is also scheduled to reopen on Aug. 31.

With real estate outpacing the market in 2019 even during the pandemic, Umansky said he’s expecting even more growth once visitors can return.

The Bight by Dream Hotel Group – An Elevated Design-Forward Hotel Concept Focusing on Authentic Experiences and Lifestyle

MOST EXPENSIVE BEACH TOWNS OFFER LUXURY FOR A PRICE

“It’s back on and we’re selling,” he said. “It’s pretty incredible.”

Of course, Turks and Caicos isn’t the only vacation spot to see a boost in interest among wealthy homebuyers amid the pandemic. The Bahamas have also seen a “very solid rise in their real estate sales,” according to Umansky. He also spoke to FOX Business about the rise in popularity of ski towns like Aspen, Colorado and Park City, Utah as year-round getaways. And a run on vacation homes in traditional escapes for the rich and famous like the Hamptons has been well-documented.

Real estate in general is also recovering and getting closer to catching up with last year’s pre-coronavirus market, Umansky said.

“That gap is narrowing on a daily basis,” he said.

Amayara Resort – Located on the secluded Northwestern tip of Providenciales, bordering a national park. 

Learn More About Our Developments

Article adapted from James Leggate, ‘Wealthy Americans are flocking to this Caribbean nation to buy luxury real estate,’ Fox Business, June 21st, 2020.  

Rock House Construction Update June 2020

“Since the reopening of the construction site on May 11,the safety of our working men and women on site has been prioritized, following local health guidelines…whereas these guidelines have added unexpected new steps to our processes, the construction continues unabated and the project is advancing well….the project has advanced considerably, with several homes reaching roof level and the resort main pool and its adjacent building advancing”-Mark Durliat, CEO and Principal of Rockhouse

“Rock House is perfectly positioned to complete and open in 2021to meet the growing demand from buyers seeking their own retreatswhere privacy, space, high quality of design and service are likely to be even more sought-after.
A selection of elegantly designed cottages, each with their own private pool, will enjoy access to the superb amenity set of the newest boutique resort coming to Turks & Caicos.”
Nina Siegenthaler, Vice President of Turks & Caicos Sotheby’s International Realty

Click Here for Rock House Listings

Click Here to Read the Full Message from Mark Durliat and his Team

Turks & Caicos Market Report – 2nd Quarter 2019

Real Estate Sales Continue On An Upward Trend!

Turks & Caicos Islands, the shining star of the Caribbean, continues to shine brightly as we see a steady influx of investor growth and activity in new development. The infrastructure improvements and ongoing utility upgrades will further improve to serve the luxury standards now set by our luxury home-grown brands and with the most recent entrance of world renowned brands such as Ritz-Carlton and Andaz. The construction industry has been busy for the past five years as we have witnessed villa projects and new homes being built on recently sold land parcels. In addition, high end land purchasers who desired to build from scratch, or who could not find a home/villa that fit their needs, have embarked on some amazing new homes and estate homes, relying on the expertise of local architects, builders and consultants, proceeded to build their own custom dream vacation homes. There is evidence of this impressive array of private development throughout the Turks & Caicos, especially in the luxury sector, as the islands continue to grow as the destination of choice for many real estate investors and visitors. Click on link to view full report.

Link here to full report

Turks & Caicos Real Estate – Rock House Resort Starts Construction

We are pleased to announce ROCK HOUSE has broken ground and construction has commenced on the majestic 14-acre waterfront site with the official Groundbreaking Event taking place last weekend. Government officials and the community showed up to support Grace Bay Resorts and watched as CEO & Developer Mark Durliat gave a heartfelt speech to his faithful hospitality team, many of whom have worked with Grace Bay Resorts for decades. ROCK HOUSE is the latest development from acclaimed Grace Bay Resorts. Unlike any resort seen before in the Turks & Caicos, this unique development and residential vision is located on the north coast of Providenciales, with 600 feet of frontage and peaks soaring 95 feet above sea level. Taking inspiration from the allure and sophistication of European hotels along the Mediterranean coast, South of France and remote isle of Capri, ROCK HOUSE has committed the same detailed attention to its method of construction, as it has to the design phase of its refined resort experience. Ensuring native trees, shrubs, orchids and succulents will be incorporated into the completed resort by preserving indigenous vegetation that has occupied the lush and varied landscape for hundreds of years. “Reusing these natural materials and landscape from this historic site remains true to the Rock House spirit. We seek to ensure a very low environmental impact, with deep sustainability and a sense that this special resort property has been here for years.” – Mark Durliat, CEO & Developer, Grace Bay Resorts.

Link to Available Listings at Rock House Resort

Rock House Resort, Turks & Caicos to Start Construction

Rock House construction to begin! As you are aware, Rock House enjoys dramatic, rugged topography and lush native vegetation that dates back hundreds of years. As we prepare for construction, particular attention is being placed on saving many of our important trees, native shrubs, succulents and other vegetation, with a goal of incorporating this back into the completed resort.

To learn more, click here: http://bit.ly/2oK2cQO

Only 1 studio and 1 two-bedroom cottage remain available – Link to Listings

Rock House Resort, Turks & Caicos Update

Rock House November 2018 Update
We are pleased to provide you with our latest update on the highly anticipated Rock House Turks & Caicos. The project continues to gain momentum, with 19 contracts exchanged out of 37 residences available, resulting in a 68% commitment for our units in the initial Oceanfront Cottage and Ridge Cottage release (Phase 1).  We are also excited to announce the release of Rock House’s Phase 2 units with the Hilltop Condos. The concept provides for the creation of three (3) new buildings of three units each, over two floors. Each unit is a two-bedroom, two-bathroom with lockout capabilities and an expansive balcony with breathtaking views over the Rock House coastline. Measuring approximately 1,500 sq. feet with larger units of 1,900 sq. feet, the units are priced at $1.195M – $1.475M for the penthouse spanning the entire top floor.  Buyers will receive separate title to the one-bedroom and studio components of the two-bedroom, and can also opt to purchase a one-bedroom independently from the outset with a price-point of $695,000. Please inquire with our Turks & Caicos Sotheby’s International Realty team for more details. What’s more is the introduction of our unique “quarry pool” in this Phase 2 location, a new feature that all owners and guests will enjoy, and which will create a further identifier for this iconic resort property. As always, the goal is to introduce new and exciting concepts that will further elevate this project to a leading position in the Turks & Caicos Islands and the Caribbean region. We are thrilled to see it all take shape as we move towards the target of commencing construction on the Phase 1 units in early 2019. Finally, we are pleased to announce the approval for an exclusive Rock House buyer’s financing program from Grace Bay Resorts’ longtime partner, Scotiabank. For those wishing to finance part of their purchase, this is a unique opportunity that other pre-construction projects do not offer. The final details of this buyer financing are still being worked out and we will keep you updated on this.  We hope you will decide to a part of what will become a truly special place in the Turks and Caicos.
  Sincerely,   Mark Durliat, CEO & Developer, Grace Bay Resorts

Link to Media Coverage by Forbes.com

Rock House Resort Introduces Additional Plans

Click here to read about the additional plans!

Turks & Caicos Real Estate 2ndQ Market Report 2017

SECOND QUARTER REGAINS MOMENTUM LED BY LUXURY VILLA SALES

Click here to download the report.