Turks and Caicos Caribbean Home Finder - Real Estate and Homes LAND North Caicos

NORTH CAICOS
Known in the past as the "Garden Island", North Caicos has been the bread basket of the Turks and Caicos Islands. Today most people refer to it as the "Emerald Isle", due to its lush greenery.
Located 12 miles Northeast of Providenciales, North Caicos consists of four settlements, Kew, Bottle Creek, Sandy Point, and Whitby. Its abundant rainfall which accounts for its rich and fertile soil, makes it ideal for agriculture. Years ago fine sloops were built to transport crops from the farms to the other islands.The island is home to the largest flock of pink flamingoes that nest in the Flamingo Pond reserve. In addition, there are osprey nests located at Three Mary’s Cay on the northern coast of the island.Other points of interest on the island include Horse Stable Beach, the new festival village,Pelican Point and Wades Green Plantation ruins. In 2007, a new causeway was opened which links North and Middle Caicos by road. Travellers can now drive the full length of these islands.

MIDDLE CAICOS
Middle Caicos, the largest island in the Turks and Caicos chain, is 48 square miles and has an outstanding area of natural beauty as well as having the UK’s largest Ramsar sites for protected wetlands and possibly one of the largest areas of natural habitat left in the Caribbean. The three settlements of Conch Bar, Lorimers and Bambarra have a combined population of 277 residents.
The settlement of Conch Bar is home to the largest above ground cave network in the Northern Caribbean. These huge limestone caves feature stalagmites, stalactites, bats, owls and salt lakes that link to the sea.The remains of huge Lucayan Indian settlements can also be found on this island. One site that was excavated in 1978, contains a Lucayan Ball Court, unknown elsewhere in the Lucayan islands. For nature lovers, a frigate bird colony on the southern end of the island is home to flamingoes, egrets and sand pipers while just offshore, a large blue hole features an abundant variety of marine life.

PINE CAY
The home of the Prestigious Meridian Club, Pine Cay is a private cay with nature trails and miles of pristine beach. It is 800 acres, less than one mile wide and two miles long. It is the only cay that has fresh water lakes, a legacy left behind by Hurricane Donna in 1960. The atmosphere is peaceful with no cars allowed, instead residents use golf carts or bicycles. Pine Cay is an exclusive community, which consists of 20 houses occupied seasonally by the select few.
The cay was also the site for the first tourist development in the islands planned in the 1950's but came into operation in the 1970's.

PARROT CAY
Parrot Cay,originally thought to have been named Pirate Cay is home to the luxurious Shambhala Resort and Spa. Privately owned, local legend has it that it was here in the 1720's celebrated pirate, Ann Bonny came with her men when her captain, Calico Jack Rackham was hanged.

PROVIDENCIALES
Located on the western side of the Caicos archipelago is the island of Providenciales, locally called Provo.
This island which is 38 sq. miles has become a paradigm for the successful co-existence of unspoilt natural beauty and commercial development. Many have attributed Provo’s success as a magnet for discerning wealthy retirees to the respect that the local community holds for the environment.
Provo, holds many of the treasures that the government officially recognizes as representing the very best of the country’s traditions. One such treasure is Jojo, the bottle-nosed dolphin who can be found swimming the turquoise waters of the Grace Bay area.
Other points of interest include the Cheshire Hall and the Rice Plantation Ruins as well as the only Conch Farm found in the world.
Today, Providenciales has the largest population in the Turks and Caicos Islands.
Souce TCI Govt Website.

Get away from it all in fabulous North Caicos, where the views are spectacular, and the sea is as blue as the photos here show.

North Caicos can be easily reached by a regular ferry service and by internal air transportation. New roads have recently been completed, and Middle Caicos can be reached by the lovely new Causeway.

North Caicos ROYAL REEF RESORT

Departure Providenciales

Arrival North Caicos

The Causeway

Causeway 2

Whitby Beach

Mudjin Harbour

Flamingos

Middle Caicos Beach

Middle Caicos

Rugged edge

FIG15 studio S2 -1

1bed 1bel 1-3

1bed 2 bel 1-4

2 bed building 1&7 2-5-1

2bed building1 2-4

2bed building 1&7 2-4

2bed building 2&3 2-1

2bed building 4 2-2

3 room building 1&7 3L2-1

3bed building 1&7 3L2

These are the developer's floor plans. Click on an image to enlarge

The Context
The global economic climate hit the Royal Reef Resort project, leaving this development unfinished. The owners have now the opportunity to sell the project "as is" and are determined to ensure that the project continues. One building (not shown in this image) is finished at rear of site (staff quarters). There is excellent commercial potential for retail as there is substantial road frontage.
The project is now released onto the open market for sale.
These photos were taken 2008.

The Maths
Sale Price $please call "as is"
Build out estimate (to original spec)$90.000.000
Income from hotel unit sales $165.000.000
Sales to date.$32.000.000
Collected income from sale, $16.000.000 invested into project.
Estimated Value of Hotel to new owner after creditors $50.000.000 and when completed.

Air Travel Times
Atlanta (ATL) 2:45 Citation V Ultra
Boston (BOS)   3:25 Citation XLS/Excel
Charlotte (CLT)2:40 Citation V Ultra
Dallas (DFW)   3:45 Citation XLS/Excel
Ft. Lauderdale (FLL)   1:30 Citation V Ultra
Houston (IAH) 3:30 Citation XLS/Excel
Los Angeles (LAX) 6:15 Citation Sovereign
London (EGLL) 8:50 Gulfstream V
Miami (MIA)1:30 Citation V Ultra
New York (TEB) 3:10 Citation Excel
Philadelphia (PHL) 3:10 Citation V Ultra
Toronto (CYYZ) 3:40 Citation XLS/Excel

The Opportunity
Interested and qualified parties are invited to contact Rowland Hull, to connect with the owners for more details and further discussion.

Value Added
The owners are keen to move this project on and will work closely with a qualified buyer to bring the sale to fruition. For an informal and confidential information gathering discussion, please contact Rowland Hull who will link the prospective buyer with the owner.

Standards
This project has been built to the highest of standards, exceeding Miami Dade building codes.

Click to enlarge any photo below

Local TV report. Press start button

These photos taken OCTOBER 2009 - click any photo to enlarge

Photos of North and Middle Caicos

Download original pricing plan

The Plot
Situated in North Caicos - The development is opposite the world class Parrot Cay resort. Situated on the beach, this development enjoys spectacular water frontage, unique to Turks and Caicos Islands.