East Bay Resort South Caicos Beachfront Room
The Turks and Caicos Islands is an open real estate market allowing the ownership of land and / or property to anyone regardless of nationality. Due to a very limited supply and growing demand for new quality beachfront condos and the strength of the Turks and Caicos Islands real estate market, there is a real possibility of a higher re-sale value. Tax free capital gains, no tax on property income and no annual property taxes add to the attractiveness of purchasing an East Bay Resort condo unit. Diversifying your assets in order to maintain a balanced portfolio could include an investment in the Turks and Caicos Islands. Construction is nearing completion on the neighboring Sailrock project, and the Government has just started the construction of a new South Caicos international airport. This will certainly increase demand for South Caicos. Now is the time to buy your brand new beachfront condo at East Bay Resort while prices are still low compared to equivalent older beachfront condos on Providenciales. The attraction of the Turks and Caicos Islands is due to:
  • The proximity of Mainland
  • Easy flight access from the US, Canada, and Europe
  • US dollar currency
  • Perfect climate year round
  • Miles of pristine white sand beaches
In conclusion, with its tax benefits, a trusted legal system, and its fast growing vacation destination, purchasing an income property in East Bay Resort, whether for short or long term, could be a very rewarding investment.

More Information About Buying Real Estate In South Caicos

East Bay Resort is on one of the best well preserved out island of the Turks and Caicos Archipelado. The resort is located just at the limit of the protected Admiral Cockburn National Park. This Park is a water sport wonderland with several first class diving and snorkeling sites located directly in front of the resort past the coral reefs. Knee deep Bone fishing flats begin less than 2 miles away from the resort’s Beach. Very productive Sport and Deep Sea fishing at the edge of the ocean walls begin less than half a mile away. All of this makes East Bay Resort a unique and very attractive destination in the Turks and Caicos Islands.
There are various financial institutions in Turks and Caicos Islands that are available to arrange mortgage financing for qualified buyers. These institutions are Scotia Bank, CIBC First Caribbean Bank, Belize Bank etc…
Rental Management Program is optional at owner’s discretion. Owners that choose to include their unit in the rental program can earn income while they are not occupying their unit. The management company operates the rental program. The owner receives 50% of the gross rental income. The other 50 % is retained by the management company and covers the costs of handling marketing, administration, reservations, operation of the front desk, maintenance of the property, services to the guests such as housekeeping, beach towels, non motorized water sports, maintenance services and general operation. Our owners will enjoy a high rental occupancy combined with below average condo fees due to our low maintenance landscape and very large storage capacity of rain water in our underground water tanks. Investors can expect to earn 6 % and more net income on their purchase after payment of all related expenses and personal usage.
The Turks and Caicos Islands are a British Dependency. All land is registered under the registered land ordinance (a Torrens Land Registration System). Land / Condominium titles are guaranteed by the Crown. Each owner within the strata plan will be given a unique identification number for his /her unit by the Registrar of Lands. At the conclusion of the purchase, the unit will be entered into the Turks and Caicos land register in your name or if you so choose, in the name of a corporation. At that time, you become the proud owner of an East Bay Resort condo unit. If you wish to sell your unit, you can do so at your convenience either privately, or through a real estate agent.
East Bay Resort owners are members of the Strata Corporation. That entity holds and maintains the buildings and common areas of which each owner is a proprietor. A board of directors that is initially appointed by the developer oversees the Strata Corporation. However, the management and day to day running of the resort will be handled by the management team. All owners share responsibility for the insurance and maintenance of the buildings structures and common areas.
We suggest that you seek independent advice on the best way for you to purchase a property in the Turks and Caicos Islands. You can buy your new property in your own name or in the name of a company.
We provide you with our standard reservation agreement. Once the agreement is read, and clarification is made (if required) it is to be signed by the buyer. A $10,000.00 USD reservation deposit shall be wired to the seller’s attorney in escrow. This reservation deposit is refundable within 15 days if the buyer does not move to contract. The closing is to occur within 30 days from completion of the purchase agreement. At closing 95% of the selling price less the deposit is to be paid. The last 5% of the purchase price will be paid upon occupancy. Following final payment, title to the property is registered in the name of the buyer. All monies in the above mentioned purchase agreement are in US Dollars. A copy of the reservation agreement form is available from the link below. Reservation Agreement Form