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Grand Turk, Turks and Caicos Islands MLS# 2400254

Old Coral Reef Hotel Site

Asking price $3,900,000 Property Enquiry
  • Property Type: Residential
  • Listing Type: Vacant Land (Res/Unzoned)
  • Status: Active
  • View: Beach Front, Ocean View, Ocean Front
  • Lot Size: 12 Acres
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Description

Introducing a rare investment opportunity on Grand Turk: a stunning 12-acre beachfront development site on the island’s picturesque east coast. Nestled along the scenic Lighthouse Road, this prime property offers a perfect blend of natural beauty and development potential. The beachfront boasts an incredible 600 feet of sandy shoreline, ideal for a luxury resort development. 3.42-acres on the hilltop is now subdivided into residential lots, offering an additional layer of opportunity. This site’s elevated position provides panoramic ocean views, making it a standout location for high-end residences or villas. The Government of Turks and Caicos has committed to significant infrastructure upgrades, including the airport expansion in Grand Turk, with direct flights soon to be available. These improvements, alongside ongoing island-wide development, are set to enhance access and attract a steady influx of tourists, making now the perfect time to invest in luxury accommodations on the island. Grand Turk is the capital of the Turks and Caicos Islands and is renowned for its charm, rich history, and incredible natural beauty. It’s a premier cruise ship destination, welcoming nearly a million visitors annually through the Grand Turk Cruise Center. The island is celebrated for its vibrant marine life, historical attractions, and a laid-back tropical atmosphere. The island’s growing tourism industry means that there is increasing demand for high-end hotels and vacation homes. The beaches of Grand Turk are some of the finest in the Caribbean. Governor’s Beach is a local favorite with crystal-clear waters and soft white sand, while the more secluded East Side Beach offers excellent beachcombing. From snorkeling in the turquoise waters of Columbus Landfall National Park to diving along the world-famous coral wall, Grand Turk is a paradise for water sports enthusiasts. Visitors can explore the island’s historical sites, including the National Museum, Her Majesty’s Prison, and the famous Grand Turk Lighthouse. With direct access to a 600-foot stretch of pristine beach and breathtaking hilltop views, this development site offers unmatched potential for creating a luxury resort, high-end residential villas, or a combination of both. The proximity to tourist attractions such as the Grand Turk Cruise Center, the stunning beaches of Governor’s Beach and Pillory Beach, and the island’s vibrant marine environment only enhances the allure of this exceptional offering. The eastern side of Grand Turk, where this property is located, offers seclusion and tranquility, away from the busier west coast. Here, developers have the opportunity to design a serene escape, catering to tourists seeking a more intimate, high-end experience. With increasing tourism and limited luxury accommodation options on the island, this development site is positioned to meet a critical demand in the market. Financing options available for qualified buyers.

Property Enquiry

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Updated: 03/19/2024, 04:19:52 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.