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North Caicos, Turks and Caicos Islands MLS# 2400212


609,840 Sq.Feet
(56655.96552 Sq.Metres)
Asking price $49,000,000 Property Enquiry
  • Property Type: Residential
  • Listing Type: Multi-Family 4+
  • Status: Active
  • Year Built: 2007
  • View: Beach Front, Ocean View, Ocean Front, Waterfront
Courtesy of

Property Features

  • Construction: Concrete


Discover the untapped potential of Royal Reef Resort, an opulent haven waiting to be reborn. This incomplete masterpiece offers a unique opportunity for visionary investors to redefine luxury living in the Turks and Caicos Islands. Previously priced at $37 million way back in 2009, this is not just a property; it's a canvas for your grand vision. Property Description: Welcome to Royal Reef Resort, a once-in-a-lifetime investment opportunity poised on 14 acres of prime real estate in Sandy Point, North Caicos. This resort, with an expected completed value of $160 million, stands as a testament to opulence despite facing credit shortfalls and presale challenges. The development will comprise 139 residential units and a 90-room hotel building and spa on completion. Property Highlights: Strategic Location: Nestled near Parrot and Dellis Cays, this incomplete gem is strategically located, offering proximity to upscale resort areas and the finest amenities. Unique Features: With substantial development potential, the resort presents an adjacent complete building designed for staff housing, adding intrinsic value. Additional Development: Explore the possibilities of the nearby North Caicos Yacht Club at Sandy Point, featuring canals and potential waterfront living. Investment Proposition: Royal Reef Resort is an unparalleled investment opportunity for those capable of financing the entire project without relying on presales. The outstanding location and anticipated value upon completion make it a strategic choice for visionary investors. Reported Listing Price in 2009: $37 million Seize this exclusive chance to shape the future of North Caicos. For detailed information and to discuss this unparalleled investment further, contact us today. Disclaimer: While Royal Reef Resort holds immense potential, it is incomplete and requires visionary investors to bring it to fruition. All potential buyers are advised to conduct thorough due diligence before making any decisions.

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Updated: 03/04/2024, 03:17:58 AM The data relating to real estate for sale/lease on this website comes in part from a cooperative data exchange program of the Turks and Caicos Multiple Listing Service (MLS) in which these Brokers participate (TCREA). The properties displayed may not be all the properties in the Turks and Caicos MLS database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker/Agent are marked with the IDX Symbol, indicating an agreement to exchange property information. Detailed information about such properties is noted as Courtesy of: Turks and Caicos Real Estate Association. Information provided is thought to be reliable but is not guaranteed to be accurate. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. This information is protected from unlawful duplication by copyright.