Discover iconic simplicity.

Arc onsite event on May 2, 2023 gave all a taste of what Living South Bank truly is

South Bank and Windward put together an intimate and exclusive event to give all a chance to see the progression of South Bank as well as a preview of Arc, the latest addition to South Bank. The anticipated event, which took place on the 2nd of May was very well attended by our local community. 

The iconic Arc, designed by Piero Lissoni, will take a prominent position at the gateway to South Bank, rising from the resort beach and extending the landscape towards the sky. Having attracted the attention of the community since it’s first launch, this was the first time, real estate agents, brokers, government leaders, influencers, key members in the community and others have had the chance to see first-hand and experience what is going to be such a significant architectural piece on Long Bay Beach.  

Hosted in the newly completed Shoal Villa 8, the event gave the attendees a taste and feel of what “Living South Bank” really is. Guests were transported from the villa in small group to have one-on-one sessions with the developers. Both Ivor Stanbrook and Ingo Reckhorn highlighted the notable work that has been implemented in South Bank and look forward to the significant engineering work ahead that will change the coast line. 

“Arc is not just a revolutionary project” Kyle Smith said. The Arc, which comprises of 17 exceptional Arc Sky Villas, triumphantly brings great architecture together with the wonder of nature, creating an exceptional experience on every level. This is truly special. Revolutionary and daring, the team at the Turks & Caicos Sotheby’s International Realty is proud to be working with such vision-driven partners like Windward and South Bank who are transforming the real estate industry in the Turks and Caicos Islands.

Joe Zahm, President and Broker of the Turks & Caicos Sotheby’s International Realty highlighted his devotion and excitement to the project from the very beginning. Turks & Caicos Sotheby’s International Realty, being a key player in the sales of South Bank is proud to have such a great relationship with Windward. With already three reservations on Arc, the Turks & Caicos Sotheby’s International Realty continues to be fully committed to this substantial new development.

HON. E. Jay Saunders, Deputy Premier and Hon Josephine Connolly, Minister of Tourism thanked and recognized the unparalleled work South Bank is doing for the economy of the country.

The evening continued with live music from Janardo Laporte, ourdeuvres and drinks from Grace Bay Club. As the sun set, the attendees had the perfect backdrop behind them.

It was an ideal evening and a true taste to luxurious living. Adding to the South Bank facilities and amenities, Arc will feature a restaurant and bar, gym, two pools, jacuzzi, Arc owner’s lounge, board room, garden and lounging areas, and a boardwalk leading to serviced cabanas on the beach pier.

Contact us if you have any questions. Turks & Caicos Sotheby’s International Realty is please to share all the details of this exclusive and private residential resort.

For more information please visit our website:  

Turks and Caicos News | Tagged Caribbean Real Estate, Island Real Estate, Sotheby’s International Realty, Turks & Caicos Islands Real Estate, Turks & Caicos Realty, Turks & Caicos Sotheby’s International Realty | Leave a reply

Developer Spotlight – Volume 5 – Turks & Caicos Islands

Our Developer Spotlight series is a brief look at the background and horizon of several of our top Turks & Caicos Islands luxury developers, with Q & A led by our President, Joe Zahm.   Click on the cover below to view and download our Developer Spotlight – Volume 5.

The Strand Turks & Caicos – John Fair

About The Strand
The Strand promises a private residential resort community unlike any other, where the essence is an owner centric experience. This high-end oceanfront residential resort and marina destination offers onsite amenities, including Clubhouse with state of the art gym, retail shop and yoga deck, use of beach access, an oceanfront restaurant and pool with zero setbacks to allow the facility to sit directly on the waters edge, Beach Club with paddleboards, kayaks, sea bobs, jet skis, e foils, kiteboards and sailboats, tennis and pickleball courts, as well as access to a Club Boat for captained excursions or events. Full in villa spa services offered. The Marina is independent from The Strand, but operates as a central amenity for the homeowners, offering approximately 23 slips for boats ranging between 40 – 60 feet.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

2023 Turks and Caicos Real Estate – 1st Quarter Year-To-Date Comparison

Supply and Demand Considerations in Turks and Caicos Islands

The inextricably linked tourism and real estate businesses in the Turks and Caicos Islands are, naturally, predicated upon the simple principle of supply and demand, and we are enjoying tremendous economic success due to our strong fundamentals with regards to these two vital drivers. On the supply side, we have an amazing array of existing hospitality inventory and property – from hotels, condominiums, managed and stand-alone villas – that have proved to be among the best-in-show throughout the Caribbean for high-end tourism, drawing in high quality visitors. Further, our inventory pipeline is strong, as developers conceive and build luxury properties, which will continue to satisfy tourism and real estate demand for renting and non-renting owners alike. Because our market is more dependent on New Development than more mature markets, and further dependent on individually owned condominiums and villas, New development buyers, who often buy off-plan and before a shovel is in the ground, are essential participants in our market’s growth. For example, in the New Development sector, at projects such as Beach Enclave, South Bank and The Strand, construction of an individual villa commences once purchasers have signed land purchase and construction agreements. In the condominium sector, developers commit to building once a prerequisite number of units are pre–sold. In this regard, we are highly dependent on pre–construction purchasers to “co-invest” with our developers in order to fuel new projects. Presently, as we navigate the low existing re-sale inventory market, we look towards the future with a plethora of great projects in the pipeline, led by The Point By Grace Bay Resorts, ARC at South Bank, The Strand, St. Regis and others. These new projects create welcome for-sale inventory into the market, to supplement our constricted, existing re-sale inventory. Our first quarter numbers reflect the importance of this new development inventory as we close out many recently or soon-to-be-completed villas at South Bank, Beach Enclave and the Strand, with many more to follow this year. A quick drive around to these three projects illustrates how New Development matures into completed tourism, vacation and residential real estate. It is always thrilling to see what Steven Covey calls the “first creation” born of the imagination (the plans) transition to “the second creation”, born of will (the physical projects) and then even to the “third creation” (the hospitality operation). The process never gets old and provides continual blood flow into our market. A recent headline amplified how the Caribbean and especially Turks and Caicos has been a big winner in tourism, and this is primarily because we have such great supply and demand fundamentals. At Turks and Caicos Sotheby’s International Realty, we are grateful for our role in all aspects of the supply and demand cycle, together with our partners and many stakeholders in the process made up of our developer, investor, hospitality, architect, legal, engineering, construction, design, broker, banking and government sector communities…the list goes on. There is nothing more satisfying than being involved from the planning and product launch to project opening and operation – from pre-ribbon cutting to post product grand opening. In so many ways, the New Development forges our identity and continues to elevate Turks and Caicos Islands globally as a sustainable, international luxury brand. Happy Spring! Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Developer Spotlight – Volume 4 – Turks & Caicos Islands

Our Developer Spotlight series is a brief look at the background and horizon of several of our top Turks & Caicos Islands luxury developers, with Q & A led by our President, Joe Zahm.   Click on the cover below to view and download our Developer Spotlight – Volume 4.

Windward – Ingo Reckhorn

About Windward
By demanding the extraordinary, we answer questions others don’t even ask. Our agile, bright and mindful team inspires those who work with us to find unexpected answers.
United by a shared spirit, the clients, partners and communities we collaborate with become the embodiment of shared success. Their trust in our alternative approach, empowers us to envision and evolve new ways of living, working and being.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Developer Spotlight – Volume 3 – Turks & Caicos Islands

Our Developer Spotlight series is a brief look at the background and horizon of several of our top Turks & Caicos Islands luxury developers, with Q & A led by our President, Joe Zahm.   Click on the cover below to view and download our Developer Spotlight – Volume 3.

Beach Enclave Turks and Caicos – Vasco Borges

About Beach Enclave
At Beach Enclave, we are proud of our culture and passionate team members who deliver highly personalized services each and every day.
We empower all colleagues, from housekeepers to resort managers, to anticipate and fulfill residents’ and guests’ needs. Far beyond our turquoise waters and white-sand beaches, our residents and guests name our team members as our greatest assets as we have gathered the industry’s top talent from the Turks and Caicos and beyond.
Stunning examples of contemporary beach architecture, the villas and residences of Beach Enclave blur the line between outdoor and indoor living. Open spaces are layered with organic materials such as local wood and coral stone. Expansive, floor-to-ceiling sliding glass doors lead to private infinity pools, signature outdoor showers and multiple terraces and decks for alfresco dining, lounging and entertaining. Indoors, clean lines define gracious living areas, open layout kitchens and ocean-facing master suites.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Developer Spotlight – Volume 2 – Turks & Caicos Islands

Our Developer Spotlight series is a brief look at the background and horizon of several of our top Turks & Caicos Islands luxury developers, with Q & A led by our President, Joe Zahm.   Click on the cover below to view and download our Developer Spotlight – Volume 2.

The Hartling Group – Stan Hartling

About The Hartling Group
The Hartling Group has been developing some of the finest properties the Turks and Caicos Islands for over 26 years. Their portfolio of developments including The Shore Club, The Palms and The Sands as well as numerous award-winning Villas have been ranked within the top 100 resorts in the world by publications such as Travel + Leisure and Conde Nast Traveler.
The Hartling Group oversees all elements of its projects from site acquisition to design, construction, and long-term management over all its properties. Today, the Hartling Group has over 700 team members and its name is synonymous with quality from its construction to its post completion management.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Developer Spotlight – Volume 1 – Turks & Caicos Islands

Our Developer Spotlight series is a brief look at the background and horizon of several of our top Turks & Caicos Islands luxury developers, with Q & A led by our President, Joe Zahm.   Click on the cover below to view and download our Developer Spotlight – Volume 1.

Grace Bay Resorts – Mark Durliat

About Grace Bay Resorts
GBR believes that trans-formative brands and incomparable destinations are built on exceptional people. “At Grace Bay Resorts, we have brought together a team of outstanding individuals from around the world, with decades of experience acquired at some of the most sought-after luxury hospitality properties. Our team is made up of outstanding international talent and local expertise, together we are able to achieve a dedicated focus on our region.”

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

2022 Real Estate Market Posts Strong Follow-up Year to Historic 2021

2022 Turks and Caicos Real Estate – 4th Quarter Year-To-Date Comparison

Turks and Caicos Islands (TCI) has long attracted luxury real estate developers and investors for its turquoise waters, pristine white beaches, attractive quality of life and strong infrastructure. As one of the most sought-after destinations in the Caribbean, TCI has gained much attention from the industry as its steps onto the global stage. Turks & Caicos Sotheby’s International Realty is pleased to release the following findings from its highly anticipated 2022 Year End Market Report, sharing key insights, trends and future outlook predictions. Overall Market Performance After a history-making year in 2021, which reached $765M in closed transactions, Turks and Caicos continued its strong performance in 2022, totaling $553M in sales. This second-best year surpassed the prior record holder of 2019, which recorded $337M in dollar volume, by 63.5 percent. Looking ahead into 2023, the sales pipeline remains strong with an impressive $327M in pending transactions led by pre-construction villa sales. The Single Family Home sector, with $214M in sales volume, accounted for 39 percent of all sales in 2022, as opposed to 49 percent in 2021. This shift can be attributed to absorbed inventory as well as ongoing construction for many residential homes. Total Condominium sales of $171M accounted for 31 percent of all sales volume in 2022, with a similar share compared to 2021. Meanwhile, Land sales of $143M saw the biggest proportional increase year over year, from 19 percent in 2021 to 26 percent in 2022, as investors seek to build and seize long-term investment opportunities. New Developments In the context of historic tourism demand, Turks and Caicos continues its new development momentum with several new, exciting projects in various stages. First, South Bank has just launched the iconic Piero Lissoni-designed ARC. The project encompasses 17 two- to five-bedroom “suspended villas” with private pools, ranging in price from $3M to $20M for the 360-degree-view penthouse. The Lagoon Villas have welcomed its first group of owners, with the remaining inventory of 11 villas of the 18 will be completed by late spring. Currently, 16 Ocean Estate Villas, 38 Boat Houses and various on-site amenities are under construction. Also developed by Windward, Nivå designed by Ström Architects are a contemporary design-driven collection of six luxury villas dotted along the elevated tip of stunning Turtle Tail, a response to the environment to serve into the views, elements and built into the landscape. Villas prices start at $6.25M. What a difference a year has made at The Strand, with the now freshly paved Cooper Jack Road, several luxury Residences, and Buildings A and B of the Villas—all oceanfront with private courtyards and pools—well underway. The development’s sprawling oceanfront restaurant, which upon its completion will sit directly on an elevated perch overlooking the beach, is also in progress. The Strand is a spectacular, must-visit oceanfront private community, priced from $2.95M. Beach Enclave has completed its first of 10 Beach Houses within its North Shore Phase 2 development. At Beach Enclave Long Bay, one four-bedroom Beach House remains for sale at $5.45M. At The Reserve on Grace Bay, 3 ultra-luxury estate homes paired with an unparalleled amenity set are under construction. Only 1 estate home remains for sale at $16.95M. This is the last remaining opportunity to own on best-in-class Grace Bay. Grace Bay Resorts’ Rock House has opened to high occupancies and rave reviews. Half of the under-construction Phase 2 is sold with a select inventory of two- to four-bedroom, elevated villas remaining. Even bigger news is that The Point, the long-awaited expansion of Point Grace, will soon launch to the public, with 38 beachfront units, 4 pool bungalows, 16 casitas and exceptional resort amenities. The Villas at Blue Mountain has been fully re-imagined under the development and management of acclaimed Hartling Group (The Palms and The Shore Club), with jaw-dropping, elevated North Shore views for sale from $3.95M. “Following such an unprecedented year as 2021, we were pleased with how solid our performance was in 2022, which is a testament to the quality of the listings, and of our clientele,” said Turks & Caicos Sotheby’s International Realty President Joe Zahm. “Even more impressive is the fact that there has been no flight to re-sell properties, which is not too surprising as we are such a low-debt jurisdiction that is less impacted by higher interest rates. With existing quality inventory still to be completed, we expect new development and select trophy sales to carry the day in 2023.” Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Our Community Star at the Humanitarian Awards Dinner – December 2022

Our Community Star!! Bianca Harvey-Joseph aka “Queen B” received much deserved recognition at this year’s Humanitarian Awards dinner, held at The Shore Club, for her outstanding contribution in the community of Providenciales.
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Congratulations Queen B! You are an incredible role model for everyone and generous supporter of all those in need!

Pictured here with Manfred Smith, friend, supporter, co-worker, and real estate advisor with our office. @turksandcaicossir

Congratulations to all Humanitarian Award recipients and those individuals who may not have been recognized – you brighten the lives of all those you have touched!

The annual awards gala, hosted by the TCI Human Rights Commission, is in its fifth year.

Link to full report by Magnetic Media

Happy Holidays from Turks & Caicos Sotheby’s International Realty

Turks and Caicos Hotel and Tourism Association – Destination Video 2022

The Turks and Caicos Hotel and Tourism Association – Mission Statement:

Through involvement and cooperation with our Tourism partners the Turks and Caicos Hotel and Tourism Association (TCHTA) is dedicated to the achievement of sustainable growth in Tourism for the benefit of its members and the wider community, while protecting and enhancing the unique character and environment of the Turks and Caicos Islands.

TCHTA Website

TCHTA YouTube Channel

Turks & Caicos Sotheby’s International Realty is proud to be a member of the TCHTA since it’s inception with our President Joe Zahm one of the founding members. The TCI has a strong and resilient island community with an inviting landscape and inviting people. We look forward to welcoming you to our beautiful by nature islands.

https://www.turksandcaicossir.com/eng