|The Private Life|
|Friday, 10 April 2009 08:51|
Located just a 80-minute flight from Miami, the Turks and Caicos Islands is considered the most up and coming island destination in the Caribbean. Home to the secluded retreats of Hollywood stars, real estate on these exclusive, sun-swept islands is increasingly being snapped up.
Getting into a fashionable region is a good start to island investment, but finding the right kind of development can add considerable value. Private Island retreats, such as Parrot Cay, Dellis Cay and Ambergris Cay offer unique real estate investment opportunities. Parrot Cay was just mentioned in the news yet again as Bruce Willis married his model girlfriend Emma Heming in his home there. The action star invited a select few such as ex-wife Demi Moore and her husband Ashton Kutcher, and even Madonna is said to have attended.
Attracted by the celebrity caché, a growing number of savvy real estate investors are turning an eye to private island purchases. From established enclaves such as Como Shambala’s Parrot Cay, to rising stars like Dellis Cay and Ambergris Cay, privacy-conscious individuals, are driving this exclusive luxury market.
These private island properties are also at the forefront of one of the hottest trends in the island industry by being ecologically friendly. With the constant evolution in green power and small-footprint development, luxury and environmentalism can now co-exist.
A true example of this is Ambergris Cay, with 8 miles of coastline with varied depths, from shallow bonefish flats to coral reefs and deep ocean waters offers a little something for everyone. With a total length of 3.3 miles, a width of just 1.5 miles, and an elevation of up to 100 feet this stunning island boasts some of the most magnificent sunrise to sunset views.
With the environmental struggles, that so much of the developed world faces, Ambergris Cay remains mindful of the island's legacy. A conservation-based planning approach has allowed them to determine all of the sensitive elements, and have prompted a plan to keep those elements untouched. To ensure that Ambergris Cay remains protected, one-third of the island will be set aside as a preserve. The Ambergris Cay team is conscious of the natural surroundings and has chosen to provide its power and water by implementing state-of-the-art technology that makes fresh water from seawater, and treats wastewater for irrigation. Electricity is provided through efficient generators enhanced by environmental energy sources such as wind, wave and solar power.
For the private island investor the ease of transportation to and from their getaway is of paramount importance. Ambergris Cay is accessible by both sea and air. By air, you may arrive on the 5,700 foot paved, jet strip via personal aircraft or the Sporting Club jet, or via boat that can be docked at the proposed marina, that could accommodate vessels greater than 200 feet.
Another of the Turks and Caicos Private Island Escapes is Dellis Cay.
Super star architects have arrived in the Caribbean, specifically to the 560-acre island of Dellis Cay. This project, set to be completed by mid 2010, will feature works by Shigeru Ban, David Chipperfield, Carl Ettensperger, Zaha Hadid, Kengo Kuma and Piero Lissoni. In addition to the 46 villas and 36 residences, the island will boast a five star boutique hotel, a lavish spa, a signature restaurant and numerous casual dining experiences all managed by the acclaimed Mandarin Oriental Hotel Group. This secluded hideaway will also offer an array of luxurious leisure experiences like a 9-hole golf course, a watersports center and tennis courts to mention only a few.
What is most important in difficult economic times is the confidence to know that these amazing island retreats are not faltering and that the investment is secure.
The Dellis Cay project has put itself forward as one such project, by announcing the latest construction milestone. Only 9 months after the official ground-breaking in June 2008, this remarkable accomplishment was made possible by a dedicated construction team working day and night on the cay. In recognition of the construction progress made, Mandarin Oriental Hotel Group visited Dellis Cay and toured the island together with Dr. Cem Kinay, the developer and visionary behind Dellis Cay. All were impressed by what has been accomplished in the short time period.
The real estate experts on private island investment from Grace Bay Realty have simple advice for newcomers to the Turks and Caicos: “Research, research, and more research before you move forward. Successful investment is all about making educated decisions. With our newly remodeled website offering articles, advice and ideas for development, we make a concerted effort to ensure interested buyers have all of the information they need.” And another good rule of thumb? Watch where the top celebrities are purchasing. Property values may rise accordingly.
“It is my humble opinion as director of Private Island Sales at Grace Bay Realty that private islands can appreciate in value faster than any other kind of real estate. With increasing uncertainty in conventional American real estate markets, many investors are looking offshore for their next big purchase. And it may come as a surprise to many, but some of the best regions are found within 80 minutes of the US mainland.” says Robert Greenwood.
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