Turks & Caicos Islands Real Estate Services

The Regent Palms celebrates in style as it reaches its eighth year anniversary and the addition of yet another prestigious world class award to its credit.

Recently being named "World's leading Spa Resort" by the World Travel Awards, the industry's "equivalent to the the Oscars" according to the Wall Street Journal.

In attendance was a host of dignitaries, joined by Mr. Stan Hartling who is the Regent Palms visionary, and of course the many key team members who are ultimately responsible for the success of what is undoubtedly one of the premier luxury resort properties in the Turks and Caicos Islands. 

Such milestones place emphasis on the long term success the Regent Palms enjoys. It shows a commitment to a high level of achievement within the industry, and provides unparalleled service, lifestyle, and confidence to its ownership and guests alike.

Situated on one of the "Worlds Best Beaches" the Regent Palms matches this world class notoriety by providing a "World Class Property".The Regent Palms is a luxurious Beachfront Condo Resort property offering private ownership of its spectacular  beachfront and Oceanview condominium suites.Turks and Caicos Islands real estate ownership is safe, secure and guaranteed by the British Crown. 

The Turks and Caicos Islands enjoys is a Zero Tax Jurisdiction and boasts a rapidly strengthening real estate market. Take advantage of the Regent Palms award winning achievements by exploring our strong investment and income potential, and a lifestyle only provided by the Turks and Caicos Islands.

For more information on The Regent Palms Offerings please contact us today:

View Properties Here:Beachfront Condo Resort Category.

Stan Hartling Makes An Exciting Announcement About The Shore Club.SEE OUR NEXT POST FOR DETAILS

Restaurant, Bar, and Nightclub. 

Potential Hotel & Casino.

Some of the best Commercial Real Estate for sale in the Turks and Caicos Islands.

The property for sale is an amazing Restaurant and bar with the possibilty of a Hotel Casino.

Just 2 minutes from Grace Bays Tourist hub, and on the main stretch of road passed in order to get reach the islands top resorts.

A highly visible 11 lot, 6.30 Acre, 1,000 linear feet of road front zoned (c) Commercial/Tourism Related property, with endless possibilities. including Hotel/Casino.

On the property is a newly renovated Restaurant and Bar nearing completion, and Nightclub now under construction. Over 1,500 square feet of interior restaurant space with kitchen equipment on site, and massive 4,000 + square feet of deck/outside seating area.

The Nightclub, now under construction, spans over 6,000 square feet with amazing plans in place. This is undoubtedly a developers dream, offering "Location", "Opportunity", and "Investment Potential".

If your looking to get a foothold in a strengthening market with a strong tourist sector in need of entertainment, this is for you. Please ask us about potential partnership !!!!

More info:

One thing that needs to be noted is that theres NO INCOME TAX, CAPITAL GAINS TAX, NO ANNUAL PROPERTY TAX, AND NO INHERITANCE TAXES in the Turks and Caicos Islands. There are also NO RESTRICTIONS ON FOREIGN OWNERSHIP...

Offered at: $2,200,000USD

Posted on December 3, 2012 by Meridian Club

A Homeowner’s Perspective

I first came to the private island of Pine Cay, with my wife, in the late 1980′s to indulge our passion for bonefishing.

Her eyes opened wide when she saw that it wasn’t just another rustic fishing camp of the kind we had visited on countless occasions in various out-of-the-way locations around the globe. This place was (and still is) unique – seclusion, safety, a top notch restaurant and all of the comforts of home; not to mention a gorgeous jewel of an island with a friendly staff and a wonderful environment for children. Oh, and excellent fishing to boot. We returned several times over the next couple of years, with our children and other family members, and found ourselves enjoying it more each time. Although we had never considered owning a vacation home outside of the U.S., after a few visits we began looking at several properties that were for sale on Pine Cay.

Becoming a Member of the Community

Members of the Board of Governors of the homeowners association were very helpful in explaining the process and requirements for joining the association. We negotiated a mutually agreeable purchase price for an existing home, applied for membership in the homeowners association and, since we had become acquainted with a many members during our several visits, were delighted to find ourselves approved fairly quickly.

The Following Years

We’ve now been homeowners for over 20 years and have never regretted our decision to own property on this private island hideaway. The Turks and Caicos Islands have changed significantly over the years. 

Providenciales (“Provo”) is a far different place than when we first came here. Some of the changes have been constructive – better medical care and other important services, many good restaurants and a variety of well-stocked stores for example – but it is a very busy place as opposed to the peaceful, laid back island it was years ago. Some would say it grew too much, too fast. While change is inevitable and Pine Cay has changed a bit too, the character of the island and resort has remained the same. There are several more homes on the island now and almost all members have the usual assortment of modern conveniences in their houses, including telephones and internet capability. However, development is strictly controlled (and carefully planned) because we all care about preserving the privacy and natural environment that brought us here in the first place. There are no crowds, honking horns, or blaring music. Travel on the island is by foot, bicycle or electric golf cart. The hotel still has 13 rooms. Our beaches are pristine usually very private and often deserted. Some three quarters of the island is dedicated “green space” and will remain as such. The sense of peace and tranquility is unmatchable.

The Benefits of Home Ownership

The Meridian Club has excellent management and a professional security staff to watch over our homes while we are not here. There is also a highly skilled maintenance staff on island year-round to address problems that may occur, which is tremendously reassuring to homeowners who reside far away much of the year. When we come to Pine Cay, the housekeeping team opens and cleans the house in advance so we need only relax from the rigors of today’s air travel. Management will also stock the refrigerator if we wish, although many members now stop at the IGA on the way from the airport or take a Club boat over to Provo on the regular weekly grocery shopping trip. We, like many other members, have our own boat, which enables us to go fishing, snorkeling, diving for conch, shelling and exploring on our own. Pine Cay has an accomplished Marine staff to deal with engine maintenance and repair for those of us who are not mechanically inclined. There are member docks, a fuel supply on island and boat storage facilities. The Meridian Club hotel operation enables members to enjoy this wide range of important services at a lower cost than otherwise. Some members choose to rent their homes through the Club’s rental program to further mitigate expenses. The membership of the Pine Cay Homeowners Association is diverse, encompassing people from a number of different countries and many different backgrounds. Despite these differences, it is a congenial group bound together by a common “sustainable” vision. We have formed a number of fast friendships here with fellow members and Turks and Caicos Islanders alike. Our children, and now our grandchildren, continue to visit regularly.

Available Properties

At the present time there are an uncustomary number of properties for sale on Pine Cay. While this might raise concern for someone who is thinking of buying property and joining the association, that would be a mistake. The fact is that most of the sellers are in their 70s and 80s. After thoroughly enjoying the island for many years (some were among the earliest homeowners on Pine Cay), they have reached the stage in life where circumstances have (or may soon) interfere with their ability to continue coming and/or enjoying Pine Cay. Thus, this in an unprecedented opportunity for someone interested in becoming a part of this unique community, and enables one to choose from a variety of properties in different locations with a wide range of prices. There are several undeveloped parcels on which one can build a home to suit personal preferences. Theexisting homes on the market run the gamut in terms of size, style and features. Presently, there is no place else in the Caribbean where one would have such a range of choice in purchasing property on a private island.

The only regret we have is that we didn’t come to Pine Cay sooner. It is a truly special place.

By Sami K. Martin , Christian Post Contributor

January 1, 2013|3:14 pm

Are Angelina Jolie and Brad Pitt married? Rumors have surfaced that the power couple tied the knot on Christmas Day while vacationing in the Turks and Caicos Islands.

News comes from a local who told a paper that the two exchanged vows after several years of dating and "will they or won't they" speculation.

"They are at Donna's house [Donna Karan], without Donna, and have been loving the island because it is so secluded," the local said. "Angelina's taken the kids to Karan's yoga spa. They've been running around the house with no care in the world, and relaxing. There are 22 people in all in their group. No nannies have been seen."

The couple would have had plenty of privacy if they had exchanged vows in the islands, especially given the seclusion of Karan's property. Pitt's parents, his brother Doug and sister Julie have been included in the vacation, and they would have been perfect witnesses for the exchange.

The two announced their engagement in April after seven years together. In Touch Magazine reported that their wedding rings had been picked up in November by a "stylist for the actress who picked up the rings from Neil Lane jewelers."

"The time is nigh. It's soon. I've got a good feeling about it," Pitt told reporters at the red carpet premiere of his film "Killing Me Softly." "I am getting more pressure from my kids, and it is something I want to do within their lifetime, but I also feel like the time has come," he added.

Pitt and Jolie have each been married already, with Pitt famously married to Jennifer Aniston and Jolie to Jonny Lee Miller and Billy Bob Thornton. Jolie wanted to have more children, which was the reason for the split with Thornton; she and Pitt met and started dating while filming 2004's "Mr. and Mrs. Smith." Pitt then divorced Aniston so the couple could be together.

By The Turks and Caicos Sun

Hundreds of jobs will be created in the construction and tourism industry and millions of dollars pumped into the Turks and Caicos Islands economy starting from next year, with news that a development agreement has been reached to re-start the Molasses Reef project on West Caicos.

On Friday December 14th, the Turks and Caicos Islands Government announced the completion of the Development Agreement enabling the recommencement of the Molasses Reef development, a luxury hotel and condominium resort on West Caicos, which has been stalled since 2008. The Development Agreement was completed on the 6th of December while the remaining arrangement necessary for recommencing the project will be completed this week. 

The original project employed 500 people at its peak and expected to create hundreds of jobs on an on-going basis once the hotel was opened; the Government expects similar levels of employment under the new development. The additional phases of the development include luxury villa and condominium developments, which will create further construction work and hospitality industry employment. The investment group expects that hundreds of millions of dollars will be invested in the island over the lifetime of the project.

West Caicos measures 9 square miles and is currently uninhabited. Development of the island began in 2001, but with the credit crisis in 2008 and the collapse of main creditor to the project, the development came to a standstill in the same year. A group of European investors advised by Kew Capital reached agreement with the previous developers, Logwood Development Company, to buy most of their interest in the project, and with the administrator of the original creditor to buy its interest in the land and other assets including the partially built hotel and associated infrastructure.

The project will re-mobilised as soon as practicable and after the new development team has carried out a detailed review of the existing infrastructure and buildings. Subject to this review, the developer looks to start work in 2013 with a view to opening the hotel as soon as possible. 

The Development Agreement, initially signed by Governor Ric Todd on behalf of TCIG , was under negotiation between TCIG, the owners of the development and the new investors for nearly 12 months, and will bring significant benefits to the Government and people of the Turks and Caicos Islands. 

The development is a multi-phased development, which will be a source of construction activity and employment on the island for many years to come. 

Other benefits include enhanced Government revenues through on-going duties, license and other fees, as well as a 25% share of proceeds from the sale of leasehold interests of land located in the southern part of WestCaicos. Also the agreement reached with the new investors yielded the Government $7.6 million including stamp duty, through the completion of land sales that had previously been agreed but not completed. 

The new development team has ambitious plans for making an environmentally sustainable development on West Caicos and will work closely with the various government agencies including the Planning Department and Department of the Environment and Costal Resources among others. A key part of the Development Agreement designates much of the island as a Nature Conservancy, which the project team has undertaken to maintain, preserve and protect. 

His Excellency Ric Todd, the Governor of the Turks & Caicos Islands, commented: "I am glad that the Government and the various parties involved in this transaction have reached a deal that will enable this project to re-start. The project will add to the range of tourism and hospitality offerings, which already makes these islands such a leading tourism destination. This luxury resort development will deliver considerable economic and employment benefits to TCI, and has been very carefully structured so as to preserve the unique environmental and marine heritage of West Caicos. The re-start of the development is a further vote of confidence in TCIand in the current investment policy of the TCIG.”

A spokesman for the investment adviser, Kew Capital said: “We are very pleased to have advised on this investment in TCI. We have worked hard along with the Government to bring it about, and we look forward to the project recommencing with the new development team. The investment reflects our conviction that TCI has a great tourism base and has enormous further tourism potential. We know this project comes with a great deal of responsibility; West Caicos is a beautiful island and we are determined to ensure that the new development is sensitive to its environment and to this end we will work closely with the various Government agencies as well as the newly elected Government.”

  Centrally located Sea Flowers is a canal front inspired Townhouse development located in Turtle Cove.

  Offered at $380,000

  PHOTOGRAPH TAKEN MIDAIR FROM MASTER BEDROOM BALCONY

Sea Flowers is a quiet community that consists of only 24 town homes, and just minutes from the beautiful Grace bay Beach, and the many restaurants surrounding the Marina. he property is beautifully landscaped with a huge central free form swimming pool,Jacuzzi,BBQ area and shaded gazebos

Now on the market is this stunning and unique Town home with upgrades Galore. Spanning over 1,640 square feet, on two separate levels and offers finishes, fixtures, and furnishings usually reserved for some of the islands top resort properties. Further upgrades include surround sound, smoke alarms, security alarms and day/night cameras that show on any channel of the homes televisions. Sea Flowers is conveniently located in the Turtle Cove area, surrounded by shops and restaurants. The Property affords the homeowner a fantastic interior living space with its own private BBQ balcony on the ground floor, and ocean view balcony on the second floor, off the master bedroom. The lower level of the home offers an open plan living space, dining, and grand kitchen. Upper level includes both master and second master each with en suites. A perfect home for the professional who loves boating as the property also comes with dock space right in the marina.

VIRTUAL TOUR:

Within the Turks and Caicos Islands, the pristine private island of Pine Cay is an oasis of tranquility.

The island spans over 800 acres, nearly 600 acres remain wild, and memberships are strictly limited to protect this treasure. The island offers fishing, hiking, snorkeling, kayaking, hobby cat sailing and beach combing all at your doorstep. It remains uncrowded, peaceful and beautifully natural yet has a number of non-stop easy flights from the US, Canada & UK.  

Turks & Caicos Islands is a world renowned fishing destination for both deep sea fishing and for bone-fishing on the banks, both just minutes from the Pine Cay marina docks. Whether you choose to keep your own boat at the Pine Cay marina, charter the club boat, or go with a private charter operator from Providenciales you have a myriad of choices of where to fish, what to fish for, when to fish, how to fish....so go fish!!   

The Top 5 ways that Buyers and Sellers tend to Sabotage Themselves During a Deal.

It’s easy to see the experience of buying or selling a home as an adversarial one: you vs. the people on the other side of the bargaining table, with one chess move by your opponent potentially costing you thousands of dollars.

In my experience, though, the average real estate consumer’s biggest potential enemy is him or herself. Buyers and sellers routinely take approaches, make moves and make omissions that cost themselves much more than anything the other side could ever do.

The first step of any cure is diagnosis. Here are some clues to detecting the costliest cases of real estate self-sabotage so you can stop them in their tracks, get out of your own way and get back to the business of buying or selling your home:

1.  Hesitating.  I’m a big proponent of buying or selling - making any real estate move, really - on whatever time frame makes sense for your life, your family and your finances, rather than trying to time the market. That said, once you’ve done the math, saved your pennies, prepped your property and otherwise decided to move forward on your home buying or selling plan of action, hesitation can cost you.  

Buyers who hesitate to make an offer can lose out on a home entirely - or can wait so long another offer comes in, forcing them to offer more to beat the other folks out.

Sellers who hesitate to take an offer can lose out on a buyer, when a new listing comes on the market that catches their eye or better meets their needs.

And here’s one more for buyers: hesitating to move forward after you get into contract can also cost you untold stress and deal complications if it snowballs into a situation where you run late removing contingencies - having to ask the seller repeatedly for extensions can cost you negotiation goodwill that you could otherwise have leveraged into repairs or closing costs.

I’d say 90% of hesitation is a result of fear, and fear most often arises when:

• we second-guess our life decisions connected to the real estate transaction,
• we don’t understand or are intimidated by a subject, or
• we feel powerless to make a wise decision because we don’t know our options all and the factors we should be taking into account.

Accordingly, you can eliminate hesitation-related self-sabotage by:

• working through the life and financial decisions that are intertwined with your real estate matters completely and on paper before you start the process, so you can revisit them if and when you’re tempted to hesitate 
• getting as educated as possible in advance about your local market dynamics and neighborhood home values, as well as the home buying or selling process in general, 
• and diving head first into the discomfort and uncertainty that everyone experiences when they make these major decisions, sitting down with your agent and other pros involved to get every question you have answered in a timely manner so you can move forward, rather than putting decisions off and “sleeping on it” night after night.

2.  Not taking expert advice.  Have you ever taken an indecisive friend out to dinner, watched them hem and haw over the menu, ask the server what their favorite dish is and then order something totally different than the server’s choice? That same phenomenon takes place every day in real estate. Many smart buyers and sellers invest much time and energy into agent-finding, asking around for referrals, checking agents out online, interviewing them and even calling around to check references, only to completely disregard their advice!

If you have a reputable, competent agent, you might be surprised at how often they can save you money with simple nuggets of experience-laden advice specific to a given scenario, like:

1. act fast
2. list it lower
3. offer less/more
4. counteroffer for more
5. be aggressive
6. don’t buy that house
7. get one more inspection/bid
8. don’t remove contingencies yet/remove contingencies now
9. ask for X, Y or Z repair, price reduction, credit, free rent-back, furniture, or longer time to close.

Experienced, local agents have a strong sense for some of the precise things that are so tricky for a buyer or seller to wrap their heads around, like pricing and negotiations. You should definitely ask your agent for data and the logical rationale behind their advice, and should keep asking until you understand and are comfortable with the decision that you make (whether or not it agrees with their recommendations). By no means am I suggesting that you blindly take every piece of advice you are given by any agent, trusted or not.

That said, if you’re having a hard time getting satisfaction or making progress on your home buying or selling aims and your typical reaction to advice from your agent is to reject it, at least consider that being more receptive to that advice might actually help you get out of your own way.  

And if you have a truly hard time trusting your agent’s advice for whatever reason, consider that you might simply not yet have found the right agent for you.

3.  Overpricing or lowballing.  It might run contrary to conventional wisdom, the idea that asking for more money or offering less can be acts of self-sabotage, but ignoring the damage that these acts can do to your real estate plans is unwise. In real estate, pricing is just more nuanced than that. It’s not the case that you can simply pick your price, ignoring the financial complexities involved and the psychologies of the folks on the other side, and expect for good things to magically happen.

Those nuances include these truths: setting a list-price that is significantly above what other, similar homes have recently sold for will not only not get you that price, it poses the potential to turn buyers off, keep them from coming to see your home, make your place sit on the market longer than it needs to and ultimately, it can result in low or no offers. At the extreme, overpricing can force you to cut the price, sometimes dramatically, to activate buyers who have learned to disregard the obviously overpriced listing in their online house hunt search results.

And buyers beware: making lowball offers significantly below the fair market value of target homes has a similar impact. Sellers ignore them or counter them up higher or they get beat out (often repeatedly) by more realistic buyers. I have seen the tendency to lowball cost buyers thousands over the months they are trying to get a fantasy-land deal, in terms of home price increases or money that same buyer ends up throwing at their eventual home, out of desperation and frustration.

Don’t let your emotions be the ruler of your pricing or offer decisions. Motivation is one factor to consider, but the data on recent, comparable sales should be given much more weight, to keep the threat of price-related self-sabotage in check.

4.  Cutting corners.  Getting a home ready for sale is a marathon endeavor, not a sprint - especially if you’ve been living there for a number of years. Same goes for working on your credit, savings and financial plans in advance of making your first buy: smart buyers-to-be start years in advance. So, it’s tempting to get near the end of your preparation action plan, lose patience and start cutting corners on staging, property preparation, even vetting your own financials and family wants and needs.

Don’t submit to temptation - well, don’t submit without the input of your agent.  

Depending on your situation, there are some corners that might be okay to cut - the ones that will have very little impact on the eventual outcome of your real estate endeavors. But give the pros you ‘hired’ the opportunity to give you their input before you unilaterally skip steps on your original action plan. If you tell your agent you need to cut your property preparation budget down by a bit, they can help you decide where the corners you cut will have the least impact on your home’s overall presentation to buyers. If your loan officer says that paying a particular credit account down by $4,000 instead of $5,000 won’t really do too much to your qualification status, you might be fine kickstarting your house hunt a few months before you had planned to.

Unfortunately, it’s all too common to see homes where the sellers have poured cash into great, fundamental repairs and neglected some essential, inexpensive cosmetic items - or buyers who have fallen just a tad short on cash or credit and end up scrambling to boost one or both under pressure. Bring your professional team into the conversation before you cut any corners, and ask them to help you understand and minimize anyconsequences of cutting costs.

5.  Failing to read documents all the way through. Many of your signatures will be requested and required during the process of buying or selling a home. But perhaps the single-most expensive way real estate consumers stab themselves in the back is by failing to read and understand nthe documents they are given - from contracts to disclosures to inspection reports and even closing/loan documents - all the way through.

Many a condo owner has been surprised to learn that they are being assessed a hefty special bill for common area repairs, when that “surprise” was predictable from a few of the pages of HOA disclosures they received before closing escrow. Seller disclosures can be cryptic and boring, but also often contain red flags to guide buyers and their inspectors to the real areas of concern. (Their guiding power is nil if you don’t read them, though.)

And the same goes for sellers - your agent should read and help you understand offer(s), buyer’s inspection reports and requests for repairs or credits, estimated closing statements and everything else, but ultimately youare responsible for reading and understanding all of these influential, binding documents before you sign them.  

So read them. And don’t be afraid to ask questions or insist on clarifications and corrections, if indicated. If you were quoted a certain interest rate or monthly payment, make sure that matches up to what you see in your closing docs - or that you understand and accept the reasons why it doesn’t, before you sign. This sounds obvious, but you’d be surprised at the major lender-borrower disputes and buyer-seller legal dramas that have arisen over the years because of errors in loan or closing documents that could have been detected and resolved simply, easily and inexpensively before closing.  Don’t be one of them.

THE STUNNING WELWYN PENTHOUSE:

This beautiful, impeccably appointed five bedroom Penthouse feels like a private estate with the added benefit of world-class resort management; amenities and services and hassle-free ownership. Impeccable craftsmanship that spans across 5;000 square feet on two separate levels; almost every room takes advantage of exceptional ocean views. No detail overlooked for every inch of this stunning residence, from the gourmet kitchen; majestic vaulted ceiling of the great room; custom moldings; hot tub on the master suite terrace; oversized closets and much more. Owners and guests can indulge at the vast infinity-edged pool; family oriented amenities; gym; full resort services and both fine and casual dining. This Penthouse Property offers a unique Caribbean lifestyle with total luxury just steps from on of the best beaches in the world.

TAKE A TOUR:
Listed at:$2,500,000USD

Turks and Caicos Islands’ real estate brokers, Regency International Estates, proudly announce a Christie’s Sale of Distinction on the Caribbean Island of Providenciales. 

The unique Private Island of Emerald Cay has recently been purchased by a private family from mainland North America. The family, who wishes to maintain their privacy, plans to use the island for getaways and to entertain friends and loved ones. This private island is the ideal getaway for a busy family, and is just a 90 minute flight from Miami to the international airport on Providenciales and then a short drive to the bridge access to the 2+ acre Emerald Cay. 

The award-winning home was designed by renowned architectural firm RA Shaw Designs Ltd. and took over six years of construction to reach completion. 30,000 square feet of interior living space is complemented by magnificent outdoor areas that provide many opportunities to enjoy the perfect year-round temperatures of the Turks and Caicos Islands. A sophisticated Crestron system has automated virtually the entire residence, including lighting and air conditioning, as well as the audio system that accompanies the awe inspiring home theatre. A three-storey library with 45 foot ceilings, is one of the many stunning spaces, and has been featuring on HGTV. The master-bedroom pavilion and magnificent rotunda with 45 foot high cypress ceilings are just two of the additional magnificent features of this property. 

We wish the family a lifetime of happy memories in their new home in the Turks and Caicos Islands, the perfect place to come together and celebrate life’s successes.