SEASCAPE VILLA | $4,900,000
Grace Lappin Agent Photo
Grace
Lappin
RE/MAX
337 Grace Bay Road
Grace Bay,
Turks and Caicos

Details

%
Years (35 year max)
Years



AreaProvidenciales
Sub Area60506 - Blue Hills and Stamers Run: Thompson Cove
State/ProvinceProvidenciales
CountryTurks and Caicos
Price$4,900,000
Property TypeSingle Family Home
Bedrooms7
Bathrooms5
Half Baths0
Floor Space3880 Square Feet
Lot Size1.46 Acres
Year Built2008
MLS® #2400422

Located within the prestigious gated community of Thompson's Cove, this magnificent beachfront estate presents an unparalleled opportunity to own beachfront development land together with a 7 bedroom villa property on the world-renowned shores of Providenciales. This property spans an 1.46 acres of pristine coastal land with an impressive 226 feet of sugar-white sandy beachfront, offering breathtaking panoramic views of the azure Caribbean Sea. The estate currently consists of two undeveloped beachfront parcels that are perfectly positioned for future development of luxury beachfront retreats. It's worth noting that the TCIG Planning Department recently granted permission for zero-lot line freehold title townhomes, such as at The Reserve at Rock House or Vacation Villas at The Strand. This offers the buyer a stamp duty savings and one of the reasons new construction villa projects are out selling resales in our luxury market. With 226 feet of beach frontage, this property could accommodate 5-zero lot line townhomes, subject to planning permission. The property is also suitable for development of two large luxury rental villas with guest houses to take advantage of excellent income opportunities from vacation rentals. In addition to the development land, there are two additional parcels with a recently remodeled charming two-story home that epitomizes coastal elegance and offers six bedrooms and four bathrooms spread across its 4,400 square feet of living space. Upstairs, three bedrooms and two bathrooms provide a serene sanctuary with sweeping ocean views, while downstairs, three bedrooms and two bathrooms offer flexible accommodation options for guests or extended family. The home's renovation includes new bathrooms, a kitchen, appliances, furnishings, and A/C. For added versatility, a delightful studio-style cottage provides a private oasis for guests or could serve as a tranquil home office or artist's studio. The principal residence is constructed on a separate inland lot. Step outside to discover your private paradise, where lush tropical landscaping surrounds a sparkling pool and expansive patio area, creating an idyllic setting for al fresco dining, sunset cocktails, or simply soaking up the sun in blissful seclusion. The layout is well suited to long term or vacation rentals. With its unparalleled beachfront location, generous lot size, and versatile accommodation options, this exceptional property presents an extraordinary investment and development opportunity, and to take advantage of the ultimate island lifestyle in one of Providenciales' most coveted communities. Don't miss your chance to make your beachfront dreams a reality – schedule your private viewing today!


Listed by Turks & Caicos Sotheby's Int'l


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About

Grace Lappin is a native New Yorker whose love for the Turks and Caicos Islands began 20 years ago. Her professional background in real estate is extensive and expansive. She understands the “natural bridge” existing between North America and the Caribbean and possesses invaluable expertise in both geographic areas. While Providenciales has become home for Grace, she maintains a lucrative partnership in Avalon Partners, a Manhattan-based real estate firm. Prior to forming Avalon in NYC, she had served as an Associate Broker with The Trump Corporation, Vice President NY, and Caribbean Specialist with Halstead Property, LLC, and as Director of International Properties with ATCO Residential. Her expertise further includes the luxury real estate market and project development. Grace was Tropical Destinations Expert for The Language of Luxury and has earned certifications in Construction Project Management, Green Build, and Commercial Real Estate. She worked as a LEED apprentice on a high profile project in Manhattan where she was LEED trained. Grace has served as an Executive Board member for the Invest Caribbean Now conference. Grace earned her Ph.D. from Columbia University and in TCI Dr. Lappin is a Board Member of The Hope Foundation for Autism Awareness where she has been instrumental in establishing the country’s first classroom for children with autism. She is a member of the Turks and Caicos Real Estate Association and currently serves on the TCREA Ethics Committee. She is a staunch supporter of Potcake rescue and rehabilitation and Bo's Angel Fund. Grace is currently completing an MBA in International Business.