Newsletter presented by Grace Bay Realty ~ March, 2015

New Location Grace Bay Realty has had a presence in the Turks and Caicos for the past 15 years, pioneering, as it were, the

Luxury Real Estate Market. These efforts have paid dividends, more so, now that the pool of Brokers and Agents have grown exponentially as market

awareness of our product offerings abound. Through the years, Grace Bay Realty has resided in offices on or about Grace Bay Road for ease of access to prospectors visiting along the resort beach community, with hopes of acquiring a piece of paradise.

The latest iteration of ourselves is housed at No. 214 Ports of Call Plaza, Grace Bay Road in an office styled “The Real Estate Boutique.”

We remain committed to our highest ideals of providing value for service, accurate, pertinent information and showcasing our catalogue of real estate for its uniqueness, limited availability and preferred location.

We commit to being great agents and vow to: ! listen to you completely ! help educate you in the marketplace ! focus on your lifestyle and investment needs ! show you any and all properties that maybe a possible match ! be a trustworthy advisor whether you are selling or buying real estate

Grace Bay Realty has prominent representation through ‘Leading Real Estate Companies Of The World.’ the largest network of over 500 premier real estate firms with 3500 offices and 120,000 Sales Associates in nearly 50 countries around the world.

We commit to being a Triple Bottom-line Company where people and planet come before profit.

Our past clients can attest to the benefits of this service model that also promotes the national effort toward self-sufficiency.

We are a Triple Bottom-line

Company where people and planet come before profit.

!

In this edition:

Cover Story: New Location

Essay: Open for Business

Features: Dhyani House

Market Trends

Meet the Agents:

Private Client Services:

MOTIVATED SELLERS

CONDOS some with financing Studios $149K+

One-Bedroom $199K+ Two-Bedroom $200K+

HOMES Leeward Waterway:

4 Bd/3.5 Bth: 2255sq. ft. $1.885M

Parrot Cay Beachfront: 3 B/3.5 Bth: 4892sq. ft.

$8.975M

LAND Ambergris Cay $320K+

Chalk Sound $350K Grand Turk $37K+ Parrot Cay $2.975M

Thompson Cove $129K+ Turtle Cove $165K+

COMMERCIAL

Business Condos $139K+ Apartment Building

Six 1-Bedroom Units & Laundry $450K

ay

Broker’s Best Bets

Open For Business Turks and Caicos has exploded into the consciousness of a very select global ‘jet-set’, with a particular interest in world-class luxury undergirded by natural wonders, delivered with discerning service quality. There are basic, yet astounding notes of success: Turks and Caicos Islands (TCI) has the world’s third largest but most important Reef system; as an archaeological wonder, it has the largest above-ground deposits of Eolithic (island forming) rocks on earth; TCI has more natural (open aboveground) pre-historic caves than anywhere in the Americas; it has the largest number of Flamingos on earth; it has the third largest Whale habitat in the world; TCI is the world’s leader in Villa/Resort hotels (which is 80% of its total room count); TCI has (no fast food franchises), and has the largest number of rated restaurants in the Caribbean; it also sells and consumes more premium wines than any country in the Caribbean; TCI is the world’s leader in “Producer-Owner-Reinsurance” Companies and has the deepest internet and mobile phone penetration of any nation in the world and TCI beaches, all 230 miles of it, have been rated the “best beaches” in the world for 12 years running. In logistical and characteristic terms: Turks and Caicos Islands were ‘discovered’ over 500 years ago. The native aboriginal population passed away, and the new population came in the 18th Century, from shipwrecks, mutinies on slave-ships, and British Loyalists who left the 13 colonies of America in protest against the American Revolution. Then came the “Bermuda adventurers”, who gave Turks and Caicos Islanders their robust sailing culture which is on display annual in a local wind sailing tournament called: “The Famous Fool’s Regatta, ” on Middle Caicos.

There are 40 islands, (with East Caicos, an island half the size of Connecticut being total uninhabited, with 7 miles of untouched beach). The country has one of the lowest population densities in the world (and no stoplights), with a total population of 31,500 of which 12,600 are Belongers (natives), with nearly 11,000 Canadians; with Canadians owning 8 of the largest 14 Villa/Resorts, Interhealth Canada running the Hospital under contract, FORTIS owning the power company and Royal

Bank, Scotia Bank and CIBC as the primary banks in the country. There is no exchange control as the US

dollar is the primary currency and its government is the Westminster System, with a Premier,

Cabinet and Legislature, similar to the United Kingdom or Canada’s. Turks and Caicos with its average annual temperature of 88 degrees Fahrenheit lays 575 miles (70 minutes by jet) South of Florida, and has jet services 5 times per day from New York, Washington DC,

Chicago, North Carolina, Miami and Texas. There are two flights per week from Toronto

and a direct flight on Sundays from London’s Heathrow and a myriad of flights from and to The

Bahamas, Jamaica, Dominican Republic, and Haiti. With a US$10M refurbishment of Providenciales International Airport

including an extension of the runway to attract larger transatlantic airlift. This led to the development of a new FBO, Blue Heron and the expansion of the existing Provo Air Centre.

“Beautiful by Nature”

The country boasts an ideal investment climate largely

owed to a stable fiscal economy, a well regulated financial services industry,

coupled with a skilled professional workforce and ad-

equate infrastructure within close proximity to the United

States…” Premier Ewing

Quarterly Newsletter presented by Grace Bay Realty ~ March, 2015

Dhyani House Owing a home on the prestigious West Shore of Parrot Cay affords the utmost in privacy, security and service excellence provided by acclaimed Como Shambala Retreat. Okay, there is also the potential encounter with A-List Celebrities, Cover Girls, Rock Stars and Designers, tooling about the neighbourhood. Can I tell you? They are no bother! The have all been tamed by the constant lunar dances, spring tides, zephyr winds and misty rains that conspire in the mystic of this islands paradise. Our featured listing has a total land value of US$2.6M per acre inclusive of its palatial beach villa, which clearly renders Dhyani House,

THE BEST VALUE ON PARROT CAY ! The near 5000 square foot beach estate house dawns tones of an understated elegance that are capped by soaring vaulted, white washed ceilings. The 3 King Master Bedrooms are strategically placed on the lot to allow the bay of towering tempered glass pane windows to diffuse sunlight and frame vistas of the sapphire strand; Macham Beach. As a private estate owner your services will include:

! Estate Management Services ! Private Butler Services ! In-Villa Dining ! Full Suite of Resort Services

The landscaping consist of all indigenous plants that harmonize well with the natural vegetation and provides screening for a villa of Caicos Stone, marble and natural wood that house a myriad of luxuries:

! Fully Furnished ! Stainless Steel Appliances ! 4892 Sq. Ft. Air-conditioned Residence ! 3 Bedrooms/3.5 Bathrooms ! Open Dining Room & Living Room ! Large Pool Deck with Infinity Edge Pool ! Teak Pool Deck/Beach Furniture ! 276.25 Linear Feet of Beach Frontage ! Residence sits on 2.31 Acres ! Vacant Lot 2.36 Acre

Quarterly Newsletter presented by Grace Bay Realty ~ March, 2015

BETH ATKINS TOP PRESENTER (649) 232-5277 (602) 324-9400

BETH@GRACEBAYREALTY.COM

Experience the highest levels of service

conveyed with consistency to all customers.

O. O’BRIEN FORBES TOP PRESENTER (649) 241-2225 (561) 288-0652

OBRIEN@GRACEBAYREALTY.COM !

Experience The Forbes Effect,

a service model with excellence as its hallmark.!

!

Meet the Agents

!

This estate is being sold in tandem with an adjacent plot of vacant land comparable in size where you can build your dream home and allow Dhyani House to continue on as income producing proposition, which, historically it has done with considerable aplomb.

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!!Private Client Services As licensed Brokers, we are compelled to show you all the comparable properties in The Turks and Caicos Islands that will allow you to make a decision on what is the best option for you. Our Private Client Services gives customers access to the Multiple Listing Services, a catalogue of everything for sale in the jurisdiction. This service is provided with our compliments and keeps up to date on all current and new listings, that match your personal search criteria and preserves your lifestyle and investment requirements. Access to Private Client Service is provided on our website and allows up to 30 days unrestricted review of the MLS

The benefit to you is the following:

! You are kept current with information only on properties you are interested in viewing

! You are provided with professional feedback on our inspection of your choices

! You have the ability to change the search criteria, as you narrow down your choices

! Your shortlist is used to coordinate a guided tour, when you are ready to view

PRIVATE SOURCING, ACQUISITION, MOBILIZATION & ADMINISTRATION (649) 941-4105 or (602) 324-9400 or SALES@GRACEBAYREALTY.COM

www.GRACEBAYREALTY.com

Quarterly Newsletter presented by Grace Bay Realty ~ March, 2015

Market Trends The prospects for new developments in Turks and Caicos market got a shot in the arm with the publications of the year-end results of real estate sales. The real estate sector grossed in excess of US$200M in sales in 2014 surpassing 2013 sales by 20% in volume. The elevation in the performance of Private Houses/Villas Sales versus Condominium Sales, the backbone of the hospitality market, is indicative of rental performance and returns of private home in that sector. Buyers are cashing in on vacation rentals outside of the traditional hotel/resort setting.

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