The luxury second home market has been at an all time high over the last few years with no signs of slowing. With people looking for a more permanent escape post-pandemic, many Americans are headed abroad, specifically to one Caribbean island: Turks and Caicos’ sales volume increased over 60% in 2022 according to Turks & Caicos Sotheby’s International Realty.
The benefits of buying in a destination with no restriction on foreign property ownership and no property tax go without saying, and with the added benefit of Turks and Caicos using the US Dollar and English being the official language, the islands are an easy transition for US natives. Plus, Turks and Caicos offers 350 days of sun per year, with the bonus of proximity- from New York, it is a short three-hour flight.
Here are new luxury developments to consider:
Arc at South Bank
As the latest development within the South Bank development and one of the newest residential resorts in Turks, Arc offers 17 Sky Villas ranging from 2,980-square-foot, two-bedroom homes to one $20 million, 12,540-square-foot, five-bedroom Penthouse with its own megayacht slip, all overlooking the beach. Designed by world-renowned architect Piero Lissoni, the homes at Arc are centered around indoor/outdoor vertical living, with expansive outdoor spaces and gardens. Buyers at Arc have access to the amenities at South Bank, including butler and private chef service; a one-of-a-kind swimming lagoon with lounging islands in the center; a fully serviced marina and boat concierge; two signature restaurants and bars; chic beachfront cabanas; two energizing fitness centers; a world-class spa; tennis and pickleball courts; and rare yet direct access to the serene Long Bay Beach.
Rock House Residences
This five-star residential resort nestled into the cliffs of Providenciales’ north shore in Turks & Caicos captures the sophistication of the Mediterranean coast and provides a private, cliffside oasis for buyers. While Phase I of homes are sold out, the second phase, the Reserve Villas, are currently under construction and will feature more bedrooms/bathroom, plus larger outdoor pools and interior courtyards. Amenities for both owners and resort guests include the one-of-a-kind, serviced Beach Club at Rock House with Italian oceanfront dining; the largest infinity pool in Turks and Caicos; and wellness facilities including a yoga pavilion, walking trails and state-of-the-art fitness center.
South Bank Turks & Caicos- Slated to open in March 2023, South Bank will be Providenciales’ newest residential resort and marina, featuring an array of villas situated along 31 acres of quiet shoreline on Long Bay Beach. Designed by the award-winning architecture firm Blee Halligan, the 1-6 bedroom waterfront homes exude a modern and sophisticated Caribbean aesthetic and a seamless indoor/outdoor experience. Homeowners will also have access to transformative amenities including a calm, one-of-a-kind swimming lagoon; a chic white sand beachfront; a pop-up dining experience; tennis and pickleball courts; and an energizing fitness center on a secluded island in the middle of the lagoon.
The Strand Turks & Caicos – Opening in phases beginning in 2023, The Strand is a private residential resort community located along the southern shoreline of Providenciales. The exclusive, architecturally distinct private community features a diverse array of custom oceanfront residences. Guests and residents will be offered access to a collection of shared community amenities and unique programming including a Beach Club, marina access, a waterfront restaurant and bar, resort pool, and expansive beach for a variety of activities.
Andaz Turks & Caicos Residences at Grace Bay – Inclusive of 74 residences and 60 exclusive hotel rooms and suites, the Andaz sits on 5.5 acres of oceanfront luxury along Grace Bay Beach. The dynamic property will offer hotel guests and residents full-service amenities including a spa, exceptional dining options, state-of-the-art wellbeing facility and more. Andaz Turks & Caicos Residences at Grace Bay is under construction and is targeting a late 2024/early 2025 opening.
The Bight Hotel – The Bight Hotel in the Turks and Caicos Islands affords 66 boutique villas for sale, along with 90-guestroom hotel, and unparalleled views of Grace Bay Beach and beyond. Set amidst seven acres of lush vegetation including 1,000 feat of Grace Bay Beach access, the property will feature restaurant, beachfront café, and garden-to-table concept from the property’s own vegetable garden, as well as a distillery and rum bar, a 140-seat private event space, a breathtaking infinity-edge pool, spa, yoga studio, and training center. The project will open in two phases, with restaurant Sea Level, the Pool and Beach Club, and a Villa property opening in 2023, followed by the hotel, fitness center, lobby bar, and spa in 2025.
