Posted on 1 Jun
Dreaming of white-sand shores and turquoise waters? The Agency Turks & Caicos team hasn't slowed down while working from home and continuing to serve clients from across the globe, eager to get back to enjoying the island life. Turks & Caicos remains one of the most coveted vacation destinations and luxury second-home markets in the world.
In its recent Q1 Report, The Agency Turks & Caicos team noted an increase in sales volume, average price and median price over the first quarter of 2019. Most notably, The Agency Managing Partner Ian Hurdle and Managing Director Sean O’Neill recently represented the buyer on the highest-recorded land sale on Long Bay Beach in Turks & Caicos MLS history, a 2.2-acre parcel on Long Bay Beach, which sold for $2.875 million. They also represented the same buyer in the purchase of Long Bay House, a beachfront, six-bedroom estate, also on Long Bay Beach, that sold for $5.825 million. This marks Ian’s third transaction on Long Bay Beach above $5 million over the last 12 months, including the record-breaking sale of Triton Villa for $11.5 million, the highest ever Long Bay property sale.
Through the close of May, Ian and Sean were also ranked among the Top 10 for Turks & Caicos Real Association MLS Sales Production, a first for The Agency Turks & Caicos team to have two agents in the Top 10. The brokerage as a whole was among the top two in Turks & Caicos for sales volume production for the same period.
“We are so grateful to represent some of the finest real estate on the islands and to share the lifestyle we love with people from all over the world,” says Ian. “We are looking forward to our borders reopening on July 22 and to welcome friends and guests back to paradise.”
In addition to their extensive Turks & Caicos listing portfolio, Ian and Sean also have several properties on Anguilla, including the nine-bedroom Santosha Estate, featuring a main house and three guesthouses, and the neighboring Sand, Sea and Sky Villas, a collection of three newly transformed beachfront villas, on Anguilla’s Long Bay Beach. Both properties combined are offered at $40 million.
To help attract buyers while travel remains restricted and generate interest for owners who wish to sell in the short term, the Turks & Caicos Islands has enacted a 50% reduction in Stamp Duty through June 30th, 2020. This incentive will assist in keeping the real estate market active, an important income generator for the government.