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HARBOUR VIEW APARTMENTS - TURTLE COVE | $4,320,000
Robert Greenwood Agent Photo
Robert
Greenwood
Christie's International Real Estate
One Season Plaza, Unit 7
Grace Bay,
Turks and Caicos

Details

%
Years (35 year max)
Years



AreaProvidenciales
Sub Area60713 - Cheshire Hall and Richmd Hill: Turtle Cove
State/ProvinceProvidenciales
CountryTurks and Caicos
Price$4,320,000
Property TypeMulti-Family 4+
Floors in Building2
Floor Space7147 Square Feet
Lot Size1.09 Acres
Year Built1980
MLS® #2400878

HARBOUR VIEW APARTMENTS - TURTLE COVE

Discover a rare and strategic investment opportunity in the coveted Turtle Cove neighborhood of Providenciales, Turks and Caicos Islands. Harbour View Boutique Apartments is a premier income-producing property located in one of the island's most sought-after areas, offering investors a prime position to capitalize on the region's rapid growth and luxury development. Prime Location: Positioned just steps away from the world-renowned Turtle Cove Marina and the crystal-clear waters of Smith's Reef, known for exceptional snorkeling, Harbour View provides residents and guests access to pristine beaches and a wide array of watersports activities. Its central location is unmatched, offering: - 10 minutes to the Providenciales International Airport - 8 minutes to the Graceway Grocery Store - 10 minutes to Grace Bay's bustling tourist hub This unparalleled convenience makes it the ideal choice for short—and long-term tenants and staff housing at luxury resorts and restaurants in the area. Property Overview: Harbour View Apartments is a versatile, income-generating asset comprising eight fully furnished rental units newly renovated in 2021, ranging from efficiency suites to expansive two-bedroom suites catering to a wide demographic of tenants. The property spans over 7,000 square feet and sits on 1.09 acres of beautifully landscaped grounds, featuring an in-ground swimming pool and Communal outdoor spaces. Expansion & Development Potential: The property's zoning allows for additional development, creating significant upside potential for developers or investors. There is room to expand the current footprint by increasing the number of rental units or enhancing the existing amenities, driving both rental income and overall property value. (Zoning is to be confirmed at the time of purchase.) Investment Appeal: With Turtle Cove evolving into a luxury destination—boosted by developments like The Loren at Turtle Cove, St. Regis, Hyatt Andaz, Hilton LXR, and Kempinski—Harbour View Apartments is poised to benefit from rising demand. Additionally, the need for well-appointed staff housing has become increasingly apparent as high-end hospitality brands enter the area. This property is ideally positioned to meet this demand, offering a premium housing solution for the employees of luxury establishments nearby. Key Investment Highlights Prime Location in Turtle Cove Marina, steps from Smith's Reef -8 rental units with diverse accommodations -7,000+ sq. ft of living space on 1.09 acres - Zoning allows for expansion to maximize returns - Proximity to new luxury developments, ensuring long-term value appreciation - Strong rental demand from both tourists and resort staff For discerning investors, this is a rare opportunity to secure a property in the Turks and Caicos Islands' fast-growing market. The property has tremendous potential for immediate income and future development.

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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.
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About

Robert Greenwood stands out in the luxury real estate domain as one of the Directors and Partners at Christie's International Real Estate, Turks and Caicos. His career reflects both his individual achievements and the broader development of the local real estate market. A respected Broker within Christie's Masters Circle, he's recognized for his local excellence and sector expertise. His efforts, particularly during his tenure as the President of the Turks and Caicos Real Estate Association, have significantly shaped the real estate landscape, reflecting his commitment to the area's prosperity. With nearly three decades of real estate experience and having witnessed the island's development since 1979, Robert's comprehensive knowledge spans high-value sales to offshore investments, positioning him as a key client resource. He excels in identifying exclusive, high-value properties and has partnered with globally acclaimed luxury brands on notable real estate projects. Robert's passion goes beyond brokerage; he advocates for the islands, combining in-depth local and international insights with integrity and a profound affection for the Turks and Caicos. This ensures his clients receive genuine, top-tier service. His influence has elevated him within the industry and contributed to the recognition of Turks and Caicos as a luxury real estate hotspot. As he continues to source and develop exceptional properties, his role remains integral to the luxury real estate narrative in the region.
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