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A Karaya Blue luxury villa (Photo: Luxury 22)

Luxury property developer unveils villas in Turks & Caicos Islands

A Karaya Blue luxury villa (Photo: Luxury 22)

San Francisco, California-based international developer Latitude 22 recently unveiled its latest completed project in the  Turks and Caicos Islands, Karaya Blue.

Situated on 50-acres of natural open space in Long Bay Beach, Providenciales, the Karaya Blue project comprises six exclusive single-family villas, each on their own private quarter-acre estates.

An interior view of a Karaya Blue villa (Photo: Book TCI)

According to a release from Latitude 22, “The three-bedroom, three-bath residences effortlessly blend the enviable natural environment, with sleek style and safety. Reflecting a genuine commitment to sustainability, Latitude 22 has partnered with local Tesla Powerwall representatives Renu Energy, and NYC interior design firm Orior Furniture, to create villas that are not only beautiful and built to withstand the strongest hurricanes, but are kind to the environment as well.”

Each villa also features its own private saline swimming pools and dramatic interior atriums. Prices for the Long Bay Beach homes begin at US$1.2 million.

“The island is popular with investors for having one of the highest vacation rental rates in the Caribbean region, as well as no capital gains or inheritance taxes.”

— Gary Belk, managing director, Latitude 22

Latitude 22 also points out that the villas’ Long Bay Beach location with its tropical foliage, pristine white sandy beach, and sparkling turquoise waters — featured by Conde Naste and Travel+Leisure Magazine — forms part of the appeal to affluent international real estate buyers and those seeking second homes and investment property.

In addition, Turks & Caicos has no personal or corporate income taxes and offers an easy path to residency. The English-speaking territory also uses the US dollar and has a legal system based on British Commonwealth law.

“The island is popular with investors for having one of the highest vacation rental rates in the Caribbean region, as well as no capital gains or inheritance taxes,” Managing Director Gary Belk reiterated.

The international developer also promises turn-key property management and rental services for owners and guests.

So far, the company’s other development in the territory, Ridgeview, has sold out 85 per cent.