
Caribbean vacation homes on South Caicos Island in the Turks and Caicos provide tax free property investment and barefoot luxury real estate. Ocean view home sites start at just $79,900 USD.
Sales are underway for Caribbean vacation homes and home sites in Phase II of Sailrock, a 2,400-acre master-planned development on South Caicos Island in the Turks and Caicos, by Sailrock Development Limited.
The Peninsula is the second of four planned neighborhoods at Sailrock. It encompasses 770 acres and features eight miles of shoreline and two miles of pristine white-sand beach on the northern Peninsula of South Caicos. This previously untouched land will eventually include 310 villa homes, 445 condominiums, a private beach club and a resort hotel.
Phase II features a number of oceanfront and ocean view home sites, as well as special developer incentives that make property ownership in this island paradise easy for foreign buyers of Caribbean vacation homes. Offerings include:
Peninsula Bluffs
• 17 Oceanfront home sites with .4 acre to 1 acre, 140 feet to 258 feet of ocean frontage and views of the Columbus Passage
• 15 Ridgetop home sites with .6 acre to 1.3 acres and 360-degree ocean views
Peninsula Passage
• 19 Oceanfront home sites with .7 acre to 1.9 acres and 140 feet to 184 feet of ocean frontage
• 20 Overlook home sites featuring .4 acre to 1.2 acres
• 19 Ridgetop home sites with .9 acre to 1.4 acres
Special introductory pricing starts at $79,900 USD for ocean view sites and $199,900 USD for oceanfront sites.
Buyers who elect to build a furnished villa through the developer can take advantage of special seller incentives. Seller financing is also available.
“Early buyers can benefit from a program that essentially reduces the home site purchase price with the construction of a villa,” said Ted Weldon, co-principal of Sailrock Development Limited.
Buyers can choose from a variety of two-, three- and four-bedroom villas offering approximately 1,250 square feet to over 2,900 square feet of air-conditioned space. These turnkey, Caribbean vacation homes also include a parking pad, outdoor lanai, covered porch and swimming pool.
Base prices range from $599,000 USD for two-bedroom, two-bath villas up to $1.2 million USD for four-bedroom, four-bath Oceanfront villas.
“This is a ground-floor opportunity to secure a piece of virgin, oceanfront property in one of the Caribbean’s most beautiful and rapidly emerging destinations,” said John Goldsworthy of @properties, the exclusive sales and marketing agent for Sailrock.
In addition to the natural beauty found on South Caicos Island, Turks and Caicos offers other important advantages for vacation-home buyers seeking a tax-free property investment. As a non-sovereign British Overseas Territory, there are no property taxes, income tax on property revenue, or capital gains tax on property transfers. There is also no estate tax, inheritance tax, corporate tax or exchange controls.
Government consent is not required in registering title, and title can be held personally, in a local corporation or in a trust. And because the British Crown guarantees absolute title, no title insurance is required.
That leaves little to think about besides enjoying the endless recreation and relaxation found in this Out Island paradise. South Caicos Island is home to the third largest coral reef system in the world and the only deep water harbor in the Turks and Caicos island chain. The island is one of the world’s premier destinations for scuba diving and bone fishing. Other popular activities include sailing, yachting, whale watching, hiking and sea-kayaking the shallow backwater bays of the Caicos Bank.
The Master Plan contemplates a variety of proposed amenities. Plans call for a boutique hotel, 18-hole championship golf course designed by Tom Doak, a yacht club with a full-service marina and a promenade featuring shops and restaurants.
In addition to the Caribbean vacation homes and home sites in the Peninsula neighborhood, Sailrock Development Limited is also selling home sites from only $29,000 USD in Bell Sound Estates. This 289-acre neighborhood overlooks the waters of the Bell Sound Nature Preserve and Caicos Bank, and is currently more than 60 percent sold.
Turks and Caicos is located 543 miles south of Miami, Fla. Direct flights reach Providenciales International Airport in 3.5 hours from Toronto and New York, and 1.5 hours from Miami. South Caicos Island is just 20 minutes from Providenciales by plane.
For information on the Caribbean vacation homes and home sites at Sailrock on South Caicos Island, and to schedule a private tour of the development, visit http://www.sailrocksouthcaicos.com, or call toll free: 1-800-975-8808.
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Searching for Answers in the UK Property Market
by Mark Knowles on January 12, 2011
At the end of 2010, property market commentators must feel more scrutinised than ever before. Twinned with the uncertainty that has surrounded the market over previous years there are now added risks from the Eurozone to contend with. The bond repayment problems in Ireland, Portugal and more recently (and worryingly) Spain are not likely to disappear quickly and are something that economists will keep a close eye on. Although it must be noted that Britain has remained resilient to the worst of these problems to date, and therefore the Office for Budget Responsibility has been forced to raise anticipated performance of GDP in 2010.
Adam Challis, Head of Research in a leading letting agency, has forecast sales prices will remain consistent in the South of England over 2011. London fares slightly better in their predictions with a small increase of three percent. These estimations are based on the economic factors and the low level of lending during 2010. The Council of Mortgage Lenders reported that gross October lending remained unchanged from September at £12.4 billion. In comparison to the same period in 2009, it is nine percent down and only at 40 percent of peak (mid 2007) levels.
This data and the previous predictions that the UK sales market will enter its usual lethargic state at the end of the year mean that the early months of 2011 are unlikely to show any real improvement. The figures from the Land Registry show a 28% decline in English transactions from the same period 5 years ago. Although a decline of any type is not usually good news, this does show an improvement as in Q1 of 2009 it was at -61%.
At the other end of the research spectrum, the rental market is booming. Well, it’s booming for landlords who continue to receive high rents during 2010. As the sales market has slowed, many prospective home owners are choosing to rent and/or may not be able to get the right mortgage product for them. There has also been a massive lack of supply in all areas of the rental market, whether that is for four bedroom houses in Hove or studios in central London. These demand levels have pushed up rents during 2010 and more recently has meant there has been renewed interest in buy to let options. However, if rents break through affordability boundaries then levels are likely to slow during the first two quarters of 2011 but will continue to be a key variable in the housing market during the course of the year.
Looking forward to 2011, no one has a crystal ball but the evidence suggests that there are plenty of factors to keep an eye on. The lending volumes, pricing index and rental increases give us slight inclinations of which way the property market will go in the New Year.
Tagged as: challis head, council of mortgage lenders, english transactions, letting agency, market commentators, mortgage product, mortgages, prospective home owners, rental market, studios in central london
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