SEASCAPE VILLA | $4,900,000
Richard Sankar Agent Photo
Richard
Sankar
Turks & Caicos Sotheby's Int'l
Venture House, P.o. Box 279, G
Providenciales,
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!

Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
(click to close)

About

Richard Sankar is originally from Trinidad. He immigrated to Toronto in 1982 to attend Ryerson University where he obtained a Bachelor of Business Management and worked in various roles in the IT industry. In 1993 he obtained an Ontario Real Estate Sales license and worked primarily with residential real estate clients in Toronto and Picton, Ontario. In 1997 he moved to Providenciales, Turks and Caicos Islands and was the top producing agent at Prestigious Properties for more than a decade. In 2007 he co-founded Tropical Paradise Realty, a boutique agency that offered more client oriented services. In order to bring more analytical expertise and market knowledge to his clients, Richard completed a MS in Real Estate Development. In the fall of 2012 he merged Tropical Paradise Realty with Turks and Caicos Sotheby’s International Realty. Richard was a founding member of the Turks and Caicos Real Estate Association and is Treasurer of the board. He has a strong community spirit and enjoys helping others succeed. This passion will have an opportunity to flourish at TCSIR through its charitable foundation. It is his mandate to improve the quality of education and lives of children in local public schools.