Lately Parrot Cay has seen several big home listings: “Oliver’s Cove,” a roughly 6½-acre estate, was recently listed for $48 million. In late 2013 model Christie Brinkley listed her Parrot Cay home on 1.6 acres for $10.75 million, recently reducing the price to $9 million. The island is the site of the luxury resort Parrot Cay by COMO, and homeowners there have access to hotel amenities, such as room service and housekeeping.
Ms. Baryluk, who is listing the property with Rick Moeser of Christie’s, said the recent spate of pricey listings is a result of the recovery of the luxury home market in the Turks and Caicos. Many buyers come from the U.S., and the 2008 financial crisis “slowed down the market significantly,” she said. Since the middle of last year, however, “we’re seeing the luxury market skyrocket,” she said, which is prompting homeowners to list their properties.
Bernadette Hunt of Turks and Caicos Property, who isn’t affiliated with the Donna Karan listing, said home sales above $10 million are a relatively new phenomenon for the Turks and Caicos. “We have not traditionally had a high-end product,” she said, noting that many wealthy vacationers “are still discovering it for the first time.”
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