So Why Have the Turks & Caicos Islands Become the Caribbean’s Undisputed Superpower for A-List Celebrities?

Bridget Marquardt in the Turks & Caicos

What have these superstars all got in common?

Bruce Willis, Donna Karan, Christie Brinkley, Cameron Diaz, Oprah Winfrey, Bill Cosby, Michael Douglas, Demi Moore, Keith Richards, Gary Neville, Rio Ferdinand, John Terry, Dick Clark and Gwyneth Paltrow…

The TCI - Synonymous With Wealth & Luxury

Well, apart from a healthy bank account (and perhaps a penchant for occasionally behaving like prima donnas’), all of these stars own land and property in the Turks & Caicos Islands (TCI).  And they’re just a few of the multiplicity of A-Listers, politicians and high powered business people who own real estate in the TCI, a location that has become synonymous with wealth and luxury.

Read any lifestyle magazine or luxury cover and it’s clear that the rich and famous have all definitely made their presence known in the Turks & Caicos. 

Longest Private Runway in the Caribbean

The cornucopia of super-yachts, the 50 or more private jets found in the private air terminal on Provo on any given day, the recent completion of the longest private runway in the Caribbean (which complements six other airports) and a superfluity of high-net worth hospitality, Monaco style shopping and high impact tourism products aimed almost entirely at the well heeled traveller have all helped create a perfect storm for the global elite. 

Ben Affleck & Matt Damon Enjoy The Surf

A-Listers don’t just buy property there though, they visit, they get married, they honeymoon there and they bring their celebrity friends.  In the last 12 months alone the Beckham’s have holidayed there (they’re regulars and were last spotted on Provo about 5 weeks ago) and so have Zac Effron, Vanessa Hudgens, Britney Spears, Johnny Depp, Ben Affleck, Denzel Washington, Donatella Versace, Matt Damon, Kelly Ripa (regular at the Amanyara),  Julia Roberts, Robert De Niro, Sir Paul McCartney, Tom Cruise, Conan O’Brien, Cindy Crawford (who prefers the Grace Bay Club), Will Smith (who stays at The Somerset on Provo), Leonardo Di Caprio, Barbara Streisand, Michael J Fox, Alicia Keys (favours the Regent Palms), Penelope Cruz, Bridget Marquardt, Lisa Raye, Lil Kim, Eva Longoria, Jennifer Garner and Justin Timberlake.  And where the rich and famous lead, others typically follow.

High School Musical Stars Zac Efron & Vaness Hudgens in Turks & Caicos

So what do these stars have to say about the Turks & Caicos?

In describing her favourite destinations in the world, Donatella Versace states:

my favourite beach is in the Caribbean though – Parrot Cay in the Turks & Caicos. It is the best hotel in the world. I go there to be alone”.

Donna Karan and Stephan Weiss celebrated 17 years of marriage by renewing their vows in a family ceremony on Parrot Cay, in the Turks and Caicos Islands. His gift to her was an engagement ring but hers to him was a beautiful piece of land, next to the villa which they had been renting fronted on Parrot Cay next to a strand of white beach (just 5 minutes from our own Serendipity beachfront development).  Weiss died of cancer six months later but Donna Karan says:

 “he asked me to promise that I would build a house on the property for each of our three children. He imagined it as a retreat where three generations could enjoy total privacy but be together.  For the kids, it has become a mini-resort. For me, it’s a sanctuary where I go to create awareness. Three hours from New York, I have this amazing cocoon of serenity that reminds me of the two places on the planet where I feel happiest: Africa and Bali. There is nothing in the place that you can’t fall asleep on. A structure went up, then we tore it down and rebuilt it. I’m a bit restless now that it’s finished and I’m looking at another property on the island”.

Rio Ferdinand (who recently splashed out $2m on a villa there) says:

it’s a family resort with everything for the sports enthusiast, including some of the best diving in the world. I’ve always wanted to spend time there because it’s where my dad’s from. Football’s given me the chance to go further abroad. This is a great opportunity“. 

Steve McMahon, former Liverpool player (and now a well known real estate magnate) reckons some of the reasons for the attraction are:

there are no income taxes, property taxes, capital gains taxes or inheritance tax for residents or non-residents alike. And property prices have shown annual increases of 10 to 20 per cent over the last 10 years“.

John Terry, Chelsea captain and England International who has also spent a couple of million dollars on real estate in the TCI says:

The island is a great hideaway for footballers, a getaway from the goldfish bowl of living in England”.

Toploader star Dan Hipgrave, one of many musicians who visit the islands for inspiration, says:

The exclusive Grace Bay area is home to some of the finest white sandy beaches and crystal waters in the Caribbean and it was a great endorsement seeing one of America’s biggest sporting personalities (quite literally at 7ft 2in) staying at our hotel. If it’s good enough for Shaq, it’s good enough for us! All holidays have to come to an end but I can’t remember feeling as sad as I did when the time came to end this one. We’d had an amazing time at our resort [Beaches Providenciales] offering the perfect balance for all the family set on a most idyllic island”.

Thanks to the herd mentality among bankers; at the Turks & Caicos Sporting Club, almost a quarter of investors work in banking.  David Rosenblum of Goldman Sachs says:

I bought a plot of land on Ambergris Cay after hearing that one senior partner in Goldman Sachs had bought the entire southern tip of the island for $14m. I figured that was a fairly strong indicator that it was a sound investment”.

Marco Bonini of Prestigious Properties (heavily involved in building Donna Karan’s retreat) believes the reason for the celebrity explosion in the TCI is:

It’s a British protectorate and everything is based on UK law.  It’s a tax haven, there is no income or inheritance tax, it is politically stable, there is zero crime and everything is priced in American dollars”.

Lloyd Grossman, international critic, food expert and TV celebrity talks about his favourite beaches:

love the classic Bounty-bar cliche of soft, pure white sand, palm trees and very blue sea. The last beach I was on like that was Parrot Cay in the Turks and Caicos Islands”.

The Beckhams Love the TCI as They're Guaranteed Privacy

Clearly, part of the reason for the Turks & Caicos being such a Mecca for the global stars is that the islands are a tax free environment, there is zero crime, they enjoy complete political and social stability, visitors are guaranteed of complete privacy and anonymity in a paparazzi free context, five star service is standard and there is obviously an aesthetic natural beauty that is unsurpassed anywhere else in the world (the Turks & Caicos are located on the world’s third largest coral reef system, diving is world class, they’re recognised as having the World’s Best Beach – Grace Bay – and they are globally envied for having the World’s Most Exclusive Resort – Parrot Cay).

Bruce Willis Multi-Villa on Parrot Cay

Dozens more five star plus resorts (that each outdoes the last in terms of luxury and splendour) have sprung up over the last few years including the Amanyara, The Somerset, Seven Stars, Turks & Caicos Sporting Club, The Gansevoort, The Regent Palms and The Grace Bay Club.  Trip Advisor’s 2010 Travelers’ Awards have just voted Turks & Caicos the World’s Number One for Worlds Best Beach & Sun Destination.

Donna Karan's Extraordinary Turks & Caicos Home

Throw a stone anywhere on Parrot Cay and you will hit a superstar, it’s that simple.  Along with several other A-Listers including Keith Richards, Oprah Winfrey and Christie Brinkley; Donna Karan and Bruce Willis both have extravagant homes there. Donna Karan bought 11 acres on Parrot Cay at upwards of $2.25m an acre and spent >$20m on her build (she even had an entire structure built in Bali, dismantled, shipped over and rebuilt).  Bruce Willis enormous multi-residence is a take on classic Caribbean architecture and is made up of a series of buildings, a main house, several guest pavilions and poolside cabanas.  It’s also the place where he recently married model Emma Heming (Parrot Cay seems to be quite a marital hub for stars since Ben Affleck and Jennifer Garner were married there and is also where actress Eva Longoria spent her honeymoon).  Bruce Willis has also just paid £3m ($4.5m) for a site at the Turks & Caicos Sporting Club as has Gwyneth Paltrow. You can even rent Bruce’s house (for a cool $20,000 a night).

Lisa Raye & Lil Kim

So if you ever fancy participating in the minor sport of celebrity spotting, you would be hard pushed to find a more fun place to do it than Turks & Caicos Islands.  And you’d be surprised just how affordable it can actually be to have neighbours like Bruce Willis – our Serendipity beachfront plots are just five minutes from his house (and Keith Richards, Donna Karan’s, Christie Brinkley’s and Oprah Winfrey’s) and prices start from $125,000 with 4 years interest free payments available to all clients, low deposits, planning permission in place, all infrastructure included, residency permits supplied and in most cases – a free five star holiday to the islands thrown in for good measure.  For more information, see here.

Contact us today on info@conchdevelopments.com for more information, visit our website at http://www.conchdevelopments.com/, watch our consumer video at www.conchdevelopments.com/consumer-video.php  and follow us on Twitter @ConchDev

 Conch Developments & The Turks & Caicos Islands – Paradise Found

You Could Have A-List Neighbours & An Incredible Quality of Life for MUCH Less Than You Think - Contact Us Today & Find Out How We Can Make it Affordable For You!

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~ by Conch Developments on May 26, 2010.

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