Turks & Caicos Islands Real Estate Services - Regency International Estates


by RIE

The Turks and Caicos Islands (TCI) has long been known as a destination that attracts some of the world’s most exclusive clientele, producing stunning properties that are undoubtedly some of the Caribbean’s most desired.

A fact recently highlighted by one of TCI’s most prestigious properties, “The Sanctuary”, a unique private island retreat now on the market for $39M and represented by the prestigious Christie’s International Real Estate.

The property is situated on seven acres with over 800 feet of prime beachfront and an extension of internationally acclaimed fashion designer Donna Karan’s sprawling Caribbean estate. Located on the beautiful island of Parrot Cay, considered to be one of the most secluded and exclusive resort islands in the Caribbean.

In talking with Katherine Baryluk, Director of the Brokerage responsible for Donna Karan’s property, she explains, “As the exclusive affiliates of Christie’s International Real Estate, we are able to align and promote such prestigious properties to our exclusive and discerning buyers who have trusted their high value real estate purchases to us for many years. Conversely, entrust us with the sale of their luxury residences through our real estate devision, and art through Christie’s Auction House” 

Ms. Baryluk goes on to say, “Christie’s International Real Estate is an invitation only network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. We have offices in London, New York, Hong Kong, Beverly Hills, Chicago and Palm Beach, to name a few. In total, 135 global Affiliates with over 25,000 real estate professionals in 45 countries. Something that in a global destination such as ours, is paramount to completing transactions of this nature”. As can be seen through our latest release, such as in the Wall Street Journal, we are able to attract global attention for the entire archipelago of the Turks and Caicos”

The company has had a strong track record of successfully selling some of the TCI’s highest value properties, including and most recently, the sale of a majestic beachfront estate listed at $16.9M, something achieved in just 3 months, a record for the company and extremely impressive in the TCI where the average time on the market for this price point is often a few years. 

Robert Greenwood, Director and Private Broker for the company explained, “we have carefully positioned ourselves to provide dedicated and specialized service at a very high level. We prefer to remain a bespoke,

exclusive Brokerage, only allowing so many high value properties into our inventory at any one time. By limiting the amount of properties we represent, we can better fulfill our customer’s and client’s needs through dedicated attention, something that is extremely necessary when managing transactions of this caliber.  Without an overpopulated inventory, our team can focus on an individual property, targeting global buyer demographics, creating focused marketing, and attracting THE buyer who fits perfectly with what is being offered”

Mr. Greenwood also noted, “this trend of real estate transactions is a clear indicator that the high net worth investor has re emerged, something that requires a high level of confidence in a specific market, and a

 jurisdiction as a whole. He continues to say, “ the re growth of our real estate market over the last couple of years has been hard work on all of those in the real estate sector, but this dedication to the industry is now starting to pay off in all sectors.  Mr. Greenwood, who is also the President of the Turks and Caicos Real Estate Association (TCREA) has seen this trend emerge, and barring any unforeseen global issues, expects it to continue. “Our client’s needs are clear, and given the multitude of benefits we offer here in the TCI, we are able to fulfill the majority,  primarily the need for privacy and seclusion.”

PARROT CAY, TURKS AND CAICOS ISLANDS– A seven-acre beachfront property on Parrot Cay of the Turks and Caicos Islands -- considered to be one of the most secluded and exclusive resort islands of the Caribbean -- is now being exclusively marketed by Christie’s International Real Estate, the world’s leading luxury real estate network. Offered at U.S. $39 million by affiliate Regency, the resort-like compound is an extension of “The Sanctuary,” the private island retreat of Donna Karan. Secluded and flanked by lush vegetation, the property, which directly fronts turquoise ocean waters and white powder-soft sands, offers unparalleled panoramic views of the island’s pristine surroundings. Two, four-bedroom villa estates are centerpieces of the compound, each featuring a second-floor master bedroom with stunning ocean views, three en-suite bedrooms and an infinity pool.

Designed by Cheong Yew Kuan, a world-renowned Singapore architect, and completed with New York’s Bonetti/Kozerski Studio, each of the property’s meticulously crafted interiors is complemented by exotic features, such as cedar and coral stone walls, European walnut floors, lightly filled raw travertine baths, teak furniture and eclectic works of art from Bali to Africa. A screened-in guest pavilion sits adjacent to outside Ipe wood terraces. This centerpiece of the property serves as a wonderful gathering place for family and friends, an indoor formal dining area offers seating for up to 20 and walks out to the third swimming pool. A state-of-the-art kitchen pavilion, yoga pavilion, staff quarters and storage pavilions complete the exterior.

“This is a property with unmistakable global appeal -- an ultra-luxury hideaway with unique character and the most desirable of attributes,” said Rick Moeser, Senior Vice President, Regional Manager of Christie’s International Real Estate. “Given its size, scope and enviable privacy, this resort-style compound is certainly a rarity on the landscape.”

“Sanctuary was custom designed to not only be a family-friendly destination for achieving balance and tranquility, but the restoration of wellness,” said Katherine Baryluk of Regency, an exclusive affiliate of Christie’s International Real Estate. “With its tranquil setting and impressive scale along the turquoise western shores of Parrot Cay, this is the ultimate ‘sanctuary’ for the most discerning of buyers looking for five- star, 24-hour services on a private island.”

Parrot Cay is a multi-award winning COMO Shambhala Resort, known for five-star wellness retreats and services, including many natural and holistic healing therapies, and a host of spa services. Residents of the property can also enjoy two private butlers, a personal chef and daily maid services as well as access to resort amenities, such as a 24-hour manager, sporting facilities, water sports, restaurants and boutiques.

Regency, the exclusive Christie's International Real Estate Affiliate for the Turks and Caicos Islands, is renowned for providing unparalleled knowledge and trusted advice to our clients. Our goal is to provide exceptional service and a complete understanding of offshore investments. We combine more than 50 years of experience in the Turks and Caicos with a global network that gives you access to top brokers around the world and opportunities to collaborate with Christie’s esteemed auction house. We Honor people’s desire for privacy and discretion, and work directly with developers, architects, attorneys, and banks to ensure our clients have a great team behind them.

When it comes to our clients, we don't believein "island time."


by RIE

The Turks and Caicos Islands Real Estate Market Continues to Grow and Strengthen through 2014.

As with our quarterly reports, our goal is to enlighten & educate our readers about the performance of the real estate market within the turks and caicos and clearly charting trends by taking each property category and translating the data into a clear and concise format.

The basis of the information provided in this report derives from the turks and caicos real estate association’s (TCREA) multiple listing service (MLS). The MLS is a centralized database of properties actively for sale by its 15 broker members, and nearly 100 agent members, of whom constitute the majority of sales in the tci. Whilst this is an advanced method of showcasing all properties to and for the general public, it is also a valuable tool used by the association to track sales statistics. 

The most valuable of all data gathered relates to properties that have actually sold, Days on the market, list to sell ratio, final sale price, etc. TCREA and its members regard this as its exclusive proprietary information, therefore only release approved data, such as total dollar volumes and percentages, will be seen throughout this report. More detailed information can be gained when a buyer or seller works directly with a Broker or Agent and constitutes their basis of expertise.

The Real Estate Market in the Turks and Caicos Island for 2014 has againenjoyed steady growth over the previous year. Year on Year from .2009, a period when the market experienced ill effects associated to the global economic downturn, the real Estate Sector has grown considerably. 

The graph to the right shows impressive gains in 2010 and 2011 compared to 2009, with 2012 showing a meteoric 276% increase in dollar volume sales. As we experience greater global stability we see that the past three years, 2012, 2013, 2014, Have enjoyed a strong, steady, and consistent 6% (average) growth in the overall market.

Everything said to this point highlights a solid ‘recovery’ phase from a period that was undoubtedly a very difficult time for most, if not all markets around the worldHowever, this is only a part of the actual picture for the Turks and Caicos Islands.

The Turks and Caicos Islands maintain allure regardless of global issues. It still offers an amazing lifestyle, coupled with a wise investment for those looking to diversify their portfolios in a tax free, offshore jurisdiction with solid wealth management opportunity. The Turks and Caicos Islands are a ‘Beginning of Lifecycle destination’ remaining virgin territory for new developments across the archipelago. As such, it wouldn't be an unfair conclusion that we can expect further new development boosting the market. Coupled with the desires of the buyer demographic looking to ‘find that next new destination’ and increased airlift, we can sensibly expect a bright future (read full report).


December 12, 2014

Sand Dollar Point

by RIE

The Stunning Sand Dollar Point On Pine Cay 

Private Island Homesite Sand Dollar is waiting for you... 6.41 acres of vacant land, sparkling ocean at the shore, an established private island, anexclusive community of members... it's time to come and build your Caribbean dream home. This unique property is on the gorgeous north shore of Pine Cay, at the headland formed by the huge sand bar creating Sand Dollar Point. Imagine spectacular sunrises and sunsets from your deck, with the reef surf breaking far offshore and the waves washing at your feet.

The prevailing wind brings a gentle breeze constantly across the property. A delightful pond provides a stunning landscape feature and affords the enjoyment of varied birdlife all year long-flamingoes, terns, ospreys, kestrels-from the comfort of your great room and decks. The pond runs across your property into the adjoining lot, another spacious five-acre property available for sale.

The ocean and beach await barely two minutes down the path from your house site, situated for maximum view. Amble for almost three miles along the soft sand of Pine Cay's north shore beach, swim contentedly in the warm turquoise waters, or for the more active kite boarding, and hobby cat sailing from your beach doorstep. This is a beautiful, peaceful island with immense privacy... come experience it for yourself.

Building our dream home on this special island will be fascinating and exciting.Whether you choose one of the fine architects here in Turks & Caicos Islands or bring our own, the site affords a fabulous blank canvas for anything from ultramodern to traditional tropical - be creative Sand Dollar is one of only two large vacant properties left on Pine Cay.

The total community membership is strictly limited to keep this pristine natural setting forever peaceful.

For More Information Call Robert Greenwood at (649) 432 7653

robert@tcibrokers.com


by RIE

REGENT PALMS PENTHOUSE - GRACE BAY BEACH

Arguably one of the most stunning Penthouse properties located at one of the Turks and Caicos Islands most beautiful Condo Resorts, fronting one of the worlds best beaches. 

At 3791 sq. ft this Grand Penthouse suite has 3 grand bedrooms, each with ensuite bathrooms and private balconies. The suite enjoys a superior 1198 ft of outdoor living space, all designed to maximize stunning beach, ocean and Sunset views. The Penthouse is impeccably designed and finished with the very best on the market, such as the top of the line VIKING appliances and Kholer fixtures. The unit comes fully furnished in a style befitting your classic Caribbean retreat. 

Garage unit included !!!

This beautiful Penthouse at the Regent Palms offers the discerning investor more than just an amazing vacation home, but a whole host of first class services and amenities combined with income potential when not in residence.  

If it was purely a lifestyle choice, this Penthouse would certainly be your first choice. However, the property also offers significant income potential through the turn key Condo Resort model it represents. For further details on this and a full overview of the income and expense reports please  contact us directly. 

Most certainly a magnificent combination, and one that is now being offered for sale. 

Tak a quick tour.

 

 


by RIE

Regency Christie's International Real Estate recently closed one of the largest residential sales in Turks & Caicos Islands for 2014, with both listing agent and buyers agent in house. The amazing Beachfront Estate, offered at $16,900,000.00, was listed on the open market for only three months, setting a new record for the company.

Robert Greenwood, TCREA President and Principal Broker of the firm states: This sale elated us all and showcases the true synergy of our team and the impressive outreach offered by Christie's International Real Estate. The elegance of this estate, set in the fabulous beauty of the Turks and Caicos Islands, located on the edge of sparkling turquoise waters and powder soft white sand beaches is second to none. Regency Christies International Real Estate strives to bring the right property to our distinguished clientele, and we are so pleased that this luxurious property has a proud new owner with a very satisfied seller.

Turks & Caicos Islands deserves its upscale reputation and the newly sold beachfront estate exemplifies the luxury offered in the islands. This is a magnificent estate on 10+ acres of Grace Bay beachfront property, with 11,000 sq. feet designed for opulent indoor and outdoor living, including a protected canal lot and custom built boathouse.

On the market for only three months with both buyer and seller in house, this sale exemplifies the quality and effectiveness of Regency Christie's International Real Estate in Turks & Caicos islands.

"Congratulations to Principles and Brokers, Walter Gardiner and Katherine Baryluk for their professionalism and skills required to bring this to fruition."

As the exclusive affiliate of Christies International Real Estate in the Turks & Caicos Islands, Regency offers their clients global market knowledge, and massive networking and outreach sales promotion, utilizing innovative marketing systems and a network that includes the very best in the industry. Distinguished clientele looking for absolute luxury, essential value, utmost privacy and consummate security and privacy will find all they desire in Turks and Caicos Islands. This offshore tax friendly haven offers impeccable financial services, no property tax, ease of residency and political stability as a British Overseas Territory. The range of properties available now are select and distinguished.

The Turks & Caicos islands is conveniently close to mainland USA with daily direct flights from 11 major cities. In addition the benefits of this offshore tax haven can be tailored for you by impeccable financial services professionals located here


by RIE

Each quarter our team comes together to analyze the quarterly performance of the real estate market. It is key for us to the most up-to-date and accurate information at our fingertips.

It has also proven to be a fundamental source of information for both our buyers and seller, providing insight not usually accessible to those outside of the industry.

For the third straight quarter the Turks and Caicos Islands has enjoyed increases in specific sectors of the market, most being consistent in growth, whilst others have skyrocketed.

We hope the information provided serves of interest and look forward to working with you in the future.  

Turks and Caicos Islands Q3/2014 State of the Market Report please clich HERE

 


by RIE

Regency Christies is taking it one step further in setting themselves apart as they pave the way to being the most sought after Brokerage in the Turks and Caicos Islands. 

Having a successful 2013 & 2014 at the front line in Sales at Regent Palms, Regency Christie's International Real Estate has now dedicated two of agents who will focus specifically on sales at this and other beautiful condo/resorts where they will offer personalized services. 

This team will communicate with the owners who have properties listed with us. They will plan and facilitate open houses regularly and be available to discuss and advise owners who wish to list with us in the future.  "Knowing a product inside and out is very important when it comes to selling property in the TCI." Added Thorn Capron.

In addition to this they will be using distinctive marketing strategies in order to increase the visibility of listed properties. "A person selling their Condo can rest assured that the listing of their property will be positioned in the market to sell and will have maximum exposure through Regency Christies connections and other marketing tools" added Kyle Smith 

Combining these connections with Regency Christie's International Real Estates continually expanding network of partners will ensure optimal exposure, attracting both buyers and investors. Our ever increasing roster of clients, as well as individuals and real estate brokers from around the world will see these luxurious properties. We invite you to take advantage of our extensive expertise and to benefit from working with the best real estate agency in the Turks and Caicos Islands. 

 

Kyle Smith                                                  

A familiar face in the community, born and raised Turks and Caicos islander has built a career in Development and Real Estate focusing his strengths on Residential and Commercial Developments. Kyle has a Background in Engineering, Construction Economics and Management as well as significant knowledge of the local Real Estate Industry making him an exceptional contact of inquiry on a wide range of buying needs.

kyle@tcibrokers.com

Cell: (649) 441-1984    

On The Market: Regent Palms Three Bedroom Ocean View - Suite # 2201/2/3- Property Details                  

 

Thorn Capron

A Turks and Caicos Islander was raised in the United States and spent his time between Texas and Washington. He has built a career within the Tourism industry and garnered unmatched experience 

working for large development companies in areas of sales and marketing. He is exceptionally well versed on every aspect of the Regent Palms Property and specializes in high-end luxury properties & land listings throughout the Turks and Caicos catering to exclusive cliental. 

thorn@tcibrokers.com

Cell:(649) 431-4071

On The Market:Regent Palms Beachfront Penthouse - Suite # 5501/2/3 - Property Details


September 13, 2014

New To The Market !!!

by RIE

BRAND NEW OCEANFRONT HOMESITE JUST LISTED


LEESIDE ESTATES

Leeside Estates Oceanfront Homesite Only a limited supply of oceanfront properties such as this remain at the new Leeside Estates subdivision. Internal canal system allows for easy boat access to the beautiful waters on the south side of Providenciales (Caicos Banks). For those looking for a vacation homesite or a place to put down roots this could be exactly what your looking for. Peaceful and surrounded by turquoise waters, a boaters dream. The property is the best priced oceanfront property available and will not last long.

Click Here For Visual Tour

 

Contact Robert Greenwood

Director/Broker/Licensed Auctioneer

robert@tcibrokers.com

Direct: +1 (649) 432-7653


by RIE

Q2/2014 Year to Date Comparative Analysis:

For those who are looking to invest in our beautiful islands, or who live and work in the Turks and Caicos, this report clearly defines the TCI property market in real time.  Keeping our clients and customers informed as to how the real estate market is progressing, with solid comparative data from the previous year, is critical to making informed decisions and we offer this service each quarter.      

Regency-Christie's International Real Estate analyzes data derived from the Turks and Caicos Real Estate Association's (TCREA) MLS proprietary members only database, distilling all property sales data into a format that is easily accessible and quickly understandable.  We hope that it will prove to be of great interest and we always welcome questions about the real estate market in TCI - the Caribbean's premier destination.

 Major Notes for Q2 2014:

  • TCI has enjoyed a 116% increase in its Single Family Home & Villa Market 'Dollar Volume Sales' 2014 year to date  over the same period in 2013.
  • Single Family Home & Villa Market continue to lead the way through the first half of 2014. 

Properties falling into the $1M + range show a substantial increase in sales, which can be attributed to several significant sales such as the prominent Saadet House listed at $16.9M (sold by Regency Christies International Real Estate in just 3 months), as well as others including an amazing Amanyara Villa and the newly constructed Saving Grace mansion in Leeward.

The high value sales trend shows great confidence in our real estate market and the security and stability of the Turks and Caicos Islands in general. The TCI's extremely convenient location, which allows many North American investors to leave their doorstep and be on the beach in just over 3 hours, is a huge factor driving the high end market forward. A further trend is a steady increase of  sales in the 'Private Island' sector, including significant sales of two Pine Cay properties - an exclusive members only island established in the 1970's!

Historically, one of the most robust sectors in the Turks and Caicos Islands inventory has been the Condo/Resort's located long the beautiful Grace Bay. Whilst the 2nd Quarter shows only a modest increase over 2013, we must remember that significant increases continue since 2011.The annual 4% to 7% increase in sales is a solid market sector improvement year on year.

The stretch of Grace Bay beach that constitutes the majority of the islands' high-end Condo Resorts has now been substantially developed with low density, luxury properties. This provides a new attractiveness for our Grace Bay  properties with not just the best location , but now  limited supply! The addition of new inventory in several proposed projects will certainly boost the condo resort market through the introduction of fresh inventory not only located on Grace Bay Beach, but other areas of the island. 

2013 enjoyed some of the islands most significant Commercial Hotel/Tourism Zoned sales seen in many years. Regency Christie's International Real Estate is proud to have introduced new overseas developers to the Turks and Caicos Islands, with exciting plans for new projects through 2014/2015.

Major projects for the Turks and Caicos Islands going forward in 2014 are definitely gaining momentum, with the recent announcement of a $100M development order for the new Turtle Cove Resort & Marina Project, the redevelopment of West Caicos, Hotel projects branded under the Ritz Carlton,  all now well into the planning stages for 2014. The possible redevelopment and completion of several projects effected by the past economic downturn adds huge potential for the country and the Shore Club on Long Bay is well underway, with construction of the luxury condo buildings expected by end of 2014.

As of this writing, there are over $60 Million + (list price)  in pending sales in the TCREA MLS system with scheduled closings. This is a significant volume of real estate transactions that substantiates our confident outlook, and that will certainly boost the real estate market throughout the remainder of 2014. 

The Turks and Caicos Islands are now entering its' second and most stable development phase.  Confidence in the islands is at its highest level since 2008 and  Regency Christie's International Real Estate is leading the way in our market.

Quick Facts about Regency Christies International Real Estate :

  • 2012 Top Commercial Land sale in the country: 11 Acres on Grace Bay Listed for 16M
  • 2013 Top Producing Agent by number of sales, 60 Transactions: Walter Gardiner Director/Broker 
  • 2013 Top Residential Sale in the country  : Emerald Cay. Listed for $45M
  • 2014 Top Residential Sale of the spectacular Saadet Estate. Listed for $16.9M
  • Top Hotel/Tourism Related land Sales : Grace Bay beachfront development sites. Listed at $ 44M
  • Top Producing Brokerage at the Regent Palms Condo/Resort 2013/2014
  • Top Producing Brokerage for Private Island sector 2013/2014 : Pine Cay, Parrot Cay 
  • 2014 Top Listing Brokerage : $ 93 million properties value listed as of July 2014
  • President of the Turks and Caicos Real Estate Association : Robert Greenwood - Director /Broker RCIRE 

We are proud to assist our valued clients and customers with their real estate needs. Regency Christie's International Real Estate strives to clearly define the world of luxury real estate through global outreach and professionalism, bringing you the finest properties available in the Turks & Caicos Islands. (Full Report)

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