Posted on 17 Jul
Ian Hurdle, managing partner of The Agency’s Turks & Caicos office, has broken yet another real estate record —this time, selling Triton Luxury Villa - 203 Long Bay Beach Drive for $11.5 million, making it Long Bay’s highest ever property sale and the highest sale on the scenic 17-mile-long island of Providenciales since 2015. Ian brokered both sides of the marquee deal for the seven-bedroom, six-bath, 12,757-square-foot home, fondly known as Triton Villa, which was also the seventh-largest recorded sale in the history of Providenciales and Ian’s second record sale in two years—he previously sold the Ron Shaw-designed Mothershouse on Provo’s Cherokee Road in 2017 for $7.625 million.
Triton Luxury Villa offers the utmost privacy, located on two lush acres along the southern end of Long Bay’s three-mile beach, two miles from any nearby hotels or commercial developments. The sale is another example of Long Bay’s growing prestige in the Turks & Caicos market. The area was largely made famous by the recent debut of the Shore Club Turks and Caicos, one of the Caribbean’s leading luxury resorts, featuring spacious bayside villas, a full-service spa and more than 100 oceanview rooms. The market in Turks & Caicos continues to hold strong. In the second quarter, the area saw $85 million in closed transactions. And Ian predicts steady, upward trends in the near future.
“Islands like the Bahamas, the Caymans and the Turks & Caicos are all roaring in terms of real estate sales because of a huge increase in tourism this season,” Ian recently told the Sun Sentinel’s City & Shore magazine. Clients are flocking to the region, motivated to invest in secondary properties. “People are looking for opportunities to have a vacation home that provides a little profit.” This, Ian explains, is why branded residences associated with a hotel project—where the unit can be put into the hotel’s rental pool—are in high demand.