By the Caribbean Journal staff
It’s been a busy month for what has become one of the hottest luxury hotel markets in the Caribbean: Turks and Caicos.
The recent sale of late music legend Prince’s former villa in Providenciales has been followed up by an $11.5 million sale on Long Bay Beach.
Triton Luxury Villa, above (All photos by Jeremy Austin).
The sale “speaks to investor confidence in our luxury beachfront properties,” said Ian Hurdle, managing partner of The Agency Turks and Caicos, which handled the sale.
Hurdle told Caribbean Journal there was a current market trend of properties selling at “consistently higher price points,” mentioning the Prince sale and a pending closing at Beach Enclave Grace Bay for more than $9 million.
All in all, the second quarter saw $85 million in closed transactions in Turks and Caicos.
“We are seeing investors flocking to our shores who recognize the value that our contemporary beach front product offers versus the rest of the Caribbean and who love the symbiosis our low-density luxury lifestyle in tandem with our friendly Island community and of course east coast accessibility,” Hurdle said.
The sale of Triton Luxury Villa is the highest recorded sale price for any MLS transaction in Turks and Caicos since 2015, and the highest-ever sale in the area of Long Bay.
The ultramodern seven-bedroom, six-bathroom villa has a total of 12,727 square feet.
It’s another example of the growing prestige of Long Bay, largely made famous by the recent debut of the ultra-luxe Shore Club Turks and Caicos, already one of the Caribbean’s leading resorts.
It was also Hurdle himself’s second record sale, following the sale of the Mothershouse on Cherokee Road in Provo in 2017.
Overall. the $11.5 million sale was the seventh-largest recorded sale in the history of Providenciales.