Turks and Caicos Luxury Condos & Villas

Latest trends for the Turks and Caicos luxury condo market 2024

It appears that the luxury real estate market in the Turks and Caicos Islands is experiencing a strong and steady start for the first quarter of 2024. The demand for exceptional Caribbean properties has propelled the Turks and Caicos Islands to the top of the list for discerning buyers. Here are some key observations from the condominium market:

1. 1. Low inventory and high demand for Turks and Caicos luxury condos: The inventory for condo resales was notably low, leading to quick bidding and deals being agreed within 24 hours once quality condos hit the market as seen in the recent sale of this incredible Ocean Club beachfront unit.
   2. Preference for direct Grace Bay beachfront condos: Discerning buyers are particularly interested in direct beachfront condos. Projects like the Point, which had a successful soft opening last year, have garnered significant attention. The recent move to the open market resulted in a flurry of sales, particularly for two bedroom units.
   3. High demand for two bedroom suites: Two bedroom units seem to be the most sought after, with a high average price of $2.7 million excluding the furniture packages. This suggests that buyers are willing to invest in prime locations and quality experiences.
   4. Limited inventory for three bedroom condos: There are currently some very attractive three bedroom condos still available and with commencement of construction scheduled for 2024 these amazing units at The Point will not last too long.
   5. Emphasis on location and experience: For international buyers, location and experience are key factors in their purchasing decisions for Turks and Caicos luxury condos. Developments like The Point, with prime locations and appealing experiences are particularly attractive.
   6. Overall, the luxury real estate market in the Turks and Caicos Islands appears to be thriving, driven by high demand for beachfront properties and quality experiences. With limited inventory and strong buyer interest, it’s essential for both buyers and sellers to act quickly.

What’s new with the Turks and Caicos luxury villa market

Inventory for high-end Turks and Caicos villas is finally increasing with the listing this month of Villa Penn Sawyer at $16.88 million with Bernadette Hunt.  This estate is one of a kind and again a real gem for the water sports enthusiast wishing to share the best of the Turks and Caicos with family and friends.

Villa Bash an exclusive vacation rental on Prince of Wales Drive in Leeward just came to market as well  and based on this pricing I would encourage the discerning buyers to view Sunrise Villa

In addition, Long Bay an area of Providenciales that attracts people looking for a more serene environment saw a beautifuly completed contemporary villa come on the market for under $10m. Villa Kailoa is a 4 bedroom 4.5 bathroom exquisite beachfront villa. With the completion of South Bank Development soon approaching residents will be able to enjoy resorts amenities with a short drive from their villas.  For further information on buying your dream Turks and Caicos luxury property please contact Bernadette Hunt.