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:
• 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
• 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.