Newswire Residential

Turks and Caicos is Ripe for Real Estate Investment; Here Are the Newest Developments to Invest

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.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 mega yacht 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

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 morebedrooms/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.