Turks & Caicos Islands Real Estate Winter/Spring 2019/20

WHERE TO INVEST
Each island in the Turks & Caicos has an individual
charm, appealing to those who want the comfort and convenience
of a more cosmopolitan setting, to others who
envision their island getaway as remote and pristine. All share
the bountiful sunny days, turquoise seascapes and cooling
tradewinds that make living in the Islands so enjoyable.
Providenciales is by far the most developed of the Islands
and, as such, has been the focus of most real estate activity.
Available is a wide variety of property, including residential
villas and homes, resort condominiums, townhomes, apartments,
commercial businesses and vacant land.
Providenciales can be loosely divided into various
“neighborhoods.” Leeward is a community on the northeast
tip bordered by the Leeward-Going-Through Channel connecting
the north and south sides of Providenciales. Leeward
property includes a mix of villas, homes, condominiums and
waterfront estates in such developments as Blue Cay Estates,
Blue Haven Resort & Marina, Provo Golf Course, Emerald
Estate and Atrium Resort.
Grace Bay, often termed the “Gold Coast,” boasts what
international travel magazine surveys consistently rate among
the world’s best beaches. It is home to the majority of the
resort hotels and condominiums. While the first decade of
the millennium saw a boom in construction of beachfront
condominiums here, with a tremendous pre-sales and aftersales
market, development is evolving with the addition of
“back from the beach” properties, retail/office plazas, new
restaurants and a casino.
With completion of The Shore Club on Long Bay
luxury condo and villa resort community, development has
sky-rocketed in the area. Located on Provo’s southeast shore,
the residential subdivision of Long Bay Hills offers some
of the most affordable prices and among the best southern
island views.
Located between Grace Bay and Turtle Cove, The Bight
is home to the sprawling Beaches Turks & Caicos Resort
& Spa and other beachfront hotels. Several condominium
developments line the beautiful beach that is an extension of
Grace Bay, including Wymara Resort Turks + Caicos, West
Bay Club and Windsong.
Turtle Cove was the site of Provo’s first hotel and many
of its first homes. The beach is prime, with excellent snorkeling,
and the area boasts close proximity to restaurants,
watersports and Turtle Cove Marina. Luxury beachfront
villa and condominium and townhome projects are now
here, including The Dunes and The Enclave luxury villas,
the Yacht Club, La Vista Azul, Queen Angel and Seaflowers.
Located in the center of Provo’s south shore, Discovery
Bay is the entrance to a 2.5 mile, man-made canal system.
This peaceful residential area offers access to the ocean at a
reasonable price.
Turtle Tail is a 3.5 mile peninsula on the south-central
shore, bounded on the north by Juba Salina and on the south
by the open sea. Turtle Tail provides dramatic views of the
Caicos Banks and Five Cays, small coves with private beaches
and fabulous hilltop properties.
Located on Provo’s southwest shore, Cooper Jack
is quite popular due to the prevailing breezes, privacy and
magnificent sunsets. Waterfront is primarily ironshore, with
some sandy swimming areas. It is also home to Cooper Jack
Marina.
The highest point on Provo, the exclusive Blue Mountain
settlement, comprises an elevated area between Turtle Cove
and Thompson Cove. Nearby Thompson Cove is a 130-acre
planned community — quiet, secluded and entirely composed
of fine homes and estates. There is dock space within
a private, protected canal and beach access.
On the southwest tip of Provo, a long peninsula separates
Chalk Sound, a shallow inland waterway, and the
Atlantic Ocean. The ocean side at Sapodilla Bay, Taylor
Bay and Silly Creek offers unparalleled sunsets, while Chalk
Sound displays incandescent blue waters dotted with hundreds
of tiny cays. The area is strictly residential and boasts
the upscale developments of Harbour Gates, Ocean Point,
Sunset Bay and Silly Creek Estates. Homes tend to be luxury
estates. Homes and lots are also being sold to the southwest.
The far northwest tip of Providenciales is currently home
to the North West Point Resort and the exclusive Amanyara.
As well, the area is beginning to evolve from homesites along
Millennium Highway to beachfront land sales along the
north shore.
There is a variety of commercial properties for sale,
including existing businesses and revenue properties. They
are scattered across the island, with prime sites including
along Leeward Highway, in Grace Bay and within the
Industrial Park.
Spread out like jewels connecting Providenciales and
North Caicos are the Caicos Cays—Pine Cay, Dellis Cay,
and Parrot Cay. Pine Cay boasts private homes that were
among the country’s first, some are now on the resale market,
along with a select number of lots. Parrot Cay is a getaway
for the rich and famous, and the multi-million dollar villas in
this island paradise exude sophisticated simplicity.
While Providenciales is all about tourism and development,
the country’s other islands reflect the fascinating
history that shaped them. The Turks Islands—Grand Turk
and Salt Cay—have a heritage dating back to the salt trade
and its Bermudian influence is strongly felt. The Caicos
Islands were shaped by the Loyalist cotton plantation era,
and their more lush landscape reflects farming traditions.
With the Atlantic Ocean surrounding the island, North
Creek slicing into its north end and centuries-old salinas
spanning the interior, on the nation’s capital of Grand Turk
you are never far from water . . . or a water view. The 2006
opening of the $40 million Grand Turk Cruise Center,
which features a state-of-the-art pier, 13-acre recreation
10 Turks & Caicos Islands Real Estate – The Official Magazine of the Turks & Caicos Real Estate Association