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Wednesday, April 20, 2016

"Meet the Broker" Nathan Smith from Turks and Caicos

"Meet the Broker" Nathan G. Smith
Nathan has worked in many areas of real estate over the past 21 years including marketing and sales in Australia, UK, and the Cayman Islands.
Having lived in the Caribbean for more than 18 years and the past 14 years in The Turks and Caicos Islands, Nathan understands offshore investors concerns and takes time to explain the important aspects of investing in TCI. "I believe the most important aspect of selling real estate is matching people to property" says Nathan. This, along with his `make it happen` attitude brings the result for which Nathan strives - strong repeat and referral business.
Nathan has a long-term outlook and will be pleased to stay in touch with you until you decide the time for investment is right for you.
‘Its an exciting time here in TCI. The Ritz Carlton is scheduled to break ground this year and we expect other major hotel brands right behind them increasing awareness of our high end market and solidifying our place as ‘the’ luxury destination in the Caribbean.  Splendid white sand beaches, pristine waters, no ongoing property taxes, US $ and UK law along with the proximity to the USA, all the fundamentals are positive – you’re looking at a very prosperous future and successful investment environment. 
Nathan has achieved numerous Coldwell Banker awards including the President's Elite and President's Premier Awards, the International Master Franchise Sales Associate Award and Top Agent Gross Commission Income Award. The President Clubs represent the top 1% of all Coldwell Banker agents worldwide.

Visit Nathan's site here

Big Blue Unlimited

Big Blue has been exploring the Turks and Caicos Islands for over ten years, developing an array of educational and exciting adventures. Big Blue features small group scuba diving, award winning eco-adventures, and an innovative private charter program. Big Blue’s growing network of experienced staff and professional facilities will take you off the beaten path and into the amazing wilderness above and below the water. 

Join Big Blue’s pioneering eco-adventures and dive trips. Explore the different islands, coral reefs, and sandy cays. Learn about the wildlife, geography, and history of the Turks and Caicos. Spend time with the local people, support the outer-island economy and contribute to the various conservation initiatives. 

Kayak through tranquil mangrove channels, snorkel spectacular reefs, mountain bike along scenic coastal tracks, dive breath-taking walls, and above all, enjoy the natural beauty of the Turks and Caicos Islands. 

                                                   Keep it simple. Keep it eco.

Explore Big Blue Unlimited here

Rum Journal: Da Conch Shack

When in Egypt you see the pyramids, when in Provo you go to da Conch Shack. da Conch Shack is a celebration of the best the island has to offer: beautiful beach, sparkling ocean, great local food and friendly people! Celebrities and locals alike get their ‘island on’ with the freshest seafood and local cuisine, washed down with the infamous rum punch. An afternoon is well wasted at da Conch Shack. Dinner under the stars is not to be missed. Check out why a visit to Provo is not complete without a visit to da Conch Shack. Come down on Wednesday for our Hump & Bump Party or come chill out on Sunday afternoon with DJ Colours and enjoy a pitcher of our Infamous Rum Punch for only $25! 

Visit Da Conch Shack here

Tuesday, April 19, 2016

Banking on Land

North Caicos Marina project is ready for an investor.
By Kathy Borsuk 

     Being a realtor isn’t always easy. It is not just a matter of answering phone calls, giving property tours, shuffling paperwork, and collecting a fat commission. For Nathan Smith, sales associate at Coldwell Banker Real Estate Turks & Caicos, it occasionally involves ferry rides, car problems, twist ties, and lots of patience and foresight. Let me explain.
     Nathan Smith has been the primary agent for much of the undeveloped property on North Caicos, especially lots in the Sandy Point surrounds, since the early 2000s. This includes the areas of Sandcastle Estates, Pumpkin Bluff, Seaside Estates, and the North Caicos Yacht Club and Marina. Nathan worked with the original developers of this area — Jim Gillette, Dale Piergiovanni, and W.C. Grimsley Jr. — since the group subdivided the land into plots for private homes, put amenities into place, and planned an exclusive marina community.
      As we reported in the Summer 2004 Times of the Islands, North Caicos was slated to become THE next island to develop, as beachfront property on Providenciales became scarce and unaffordable. The Pumpkin Bluff and Sandcastle and Seaside Estates land was prime oceanfront, with views of North Caicos’ deserted white sand beaches stretching from east to west. And, in fact, many people did buy lots, build villas, and have enjoyed the quiet, “old Caribbean” lifestyle of the “Garden Island” of North Caicos. Others purchased lots as speculation and made good profits when the market spiked between 2002 and 2008.
      However, after the 2008 “perfect storm” of Hurricane Ike, the global economic downturn, and alleged widespread government corruption ravaged the Turks & Caicos, real estate sales and property values, especially on North Caicos, slowly sunk. Only now, after years of disciplined governance and a renewed world economy, are prices rising again.
      This January (2016) I traveled to North Caicos with Nathan and his wife Sayfa to visit the North Caicos Marina development. With great plans in mind, in 2006 the 153 acre site had been subdivided, including 97 canalfront lots, with five miles of canal and the marina basin dug, roads paved, and utilities installed. Unfortunately, the project’s completion just missed the prosperity years and Nathan was able to sell about 1/3 of the residential lots, with one home built. With the area still in excellent shape and the market poised to soar, Nathan is ready to market the property again.
      We took the Caicos Ferry from its Leeward terminus on Providenciales directly to Sandy Point Marina in North Caicos. The trip is about 25 minutes long, and depending on the weather, either skirts the north beaches of the Caicos Cays or skims the shallow southern mangrove-lined “backside.” Arrival is always an event, with Islanders, residents, and visitors mingling with boxes of food and sundries, suitcases, beach bags, and bicycles on the dock. Although the marina is just across a small cut from the world famous celebrity hide-out of Parrot Cay, it seems light-years away.
      In our case, Nathan was set to drive us in the car he had recently brought over from Provo, just for showing potential clients around. Of course the battery was dead, but he was prepared with a spare and off we went after a quick jump. The first stop was at “Simply the Best” Villa, one of original Seaside Estate luxury homes. It is now for sale, and Nathan had arranged for a professional photo shoot of the property the day before. Unfortunately, the weather did not cooperate, and the photographer’s lights, props, and other pieces of equipment had to be collected from the house and brought BACK to the ferry to be returned to Provo. Job 1 for the day.
      Nathan’s car ran smoothly along the well-paved lanes as we drove through the North Caicos Marina site. (Well, the windows wouldn’t roll down, but the A/C was working, so who cared?) The property is sprawling, well-kept, and looks a bit like a deserted movie set. The canal is neatly lined with smooth vinyl sea walls, the ideal place to anchor a boat. Arched bridges lift the road up and over the blue-hued water, in which I spotted a sea turtle swimming. Paved central parkways are planted with flourishing palm trees, sidewalks are dotted with street lights, and many lots back into spectacular, unobstructed views of “wild” North Caicos mangrove and bush, much of which is a protected UNESCO site for migrating birds. There is also a twelve-acre private lagoon.
      Nathan explained that his current plan is to try to sell the property, as a whole to a developer who would take the project to the next level and build a finished product, be it resort, condos, or a commercial community. Alternatively folks could purchase individual lots (with freehold title) or groups of lots to keep in their portfolio as a “land bank,” having the assurance that, as prime TCI land can only grow more scarce values will rise. (If it were me, I would probably follow in the path of the several homeowners who live on site. It seems a peaceful, idyllic, tropical get-away.)
      Nathan likens the opportunity to that offered by Provident Ltd. in Providenciales in the early 1960s, with early speculators enjoying tremendous appreciation rates on undeveloped beachfront, canal front, and hillside land. Now that TCI is a proven success, the risk is small and return practically guaranteed. He explained that TCI is the perfect environment for land banking, as there are no holding taxes or requirement to build on or maintain property. English is the primary language and the US dollar the currency. Access is easy, with connecting flights available from numerous cities. Besides, owning property gives purchasers a good reason to visit . . . and bragging rights to friends. An investment of $300,000 also makes it possible to secure a coveted Permanent Residence Certificate.
      As we were touring the Marina Club site the car began making strange noises. It almost seemed like there was rubble rumbling under the hood. Oh well, the engine was still running . . . except the A/C had stopped, none of the electronics worked, and it looked like something was hanging from the bottom of the engine. We carried on.
      Nathan showed me some of the villas and a group of vacation rental cottages that had been built over the course of the last ten years. Each was distinctive and most large and luxurious, with pools, balconies, beachfront patios, and rooftop terraces. Many are now part of an established high-end vacation rental market in North Caicos. We marveled on how each yard of concrete, tile, shingle, furnishing, and fitting had to be brought to North Caicos via barge or boat and trucked to each building site. Nathan noted that there are villas and waterfront lots still available for purchase, all enjoying protective covenants for residential development.
      Nathan’s real estate career started in the Cayman Islands, prior to coming to the TCI in 2002 to join the Coldwell Banker team. Nathan’s style of selling has always struck me as quite savvy and “bottom line.” He markets in terms of investment value, long-term strategy, positioning, and opportunity. He follows his own advice too, admitting to speculative land purchases in both North Caicos and Providenciales as part of his portfolio. During the TCI’s slow-down, Nathan traveled to Thailand where he met his (now) wife and they lived on his farm in Australia as he made occasional trips to the Islands. Now they are back and Nathan is ready to move full-on into real estate sales here.
      After one stop, the car wouldn’t start at all. The spare battery got us going, but the motor didn’t sound too keen. Rather than get stuck in the bush and miss the ferry back to Provo, we headed to the dock and literally coasted into the parking lot. Nathan asked Goomie, a local Islander, to look under the hood; he came out with what looked like a snake. It was the serpentine belt, worn and broken. A new one would have to be purchased and brought back on the next trip. Goomie agreed to tape a plastic bag over the open window (which wouldn’t roll up) as it began to rain. (He was rewarded for his efforts with a case of beer and some cash.)
      Nathan’s final job of the day was to put up some new “For Sale” signs and use plastic ties to carefully hang his signboards below those already installed. Since the car wasn’t running, we helped him carry the signs (through the rain) to each location on foot, waiting while he used his phone to snap photos of some lots that were newly for sale.
      Life on North Caicos — indeed all the out islands — is like this day. Things can go wrong, break down, be delayed, disappoint. But it always seems someone is willing to help, smile, shrug, and have a good laugh. And in the end, that’s all that matters.

For more information on North Caicos property, contact Nathan Smith at 649 231 5555 or email

Thursday, April 7, 2016

Meet our friends from RE/MAX

Caribbean and Central America

RE/MAX Best Priced Properties is about a year old in the BVI and because of the huge network and credibility of RE/MAX , the brokerage has been able to quickly find its place in the BVI market.  Their listings include unique commercial opportunities, luxurious villas and development lots in luxury communities. The newly built relationship with Azure Waterfront has created many opportunities for investors and buyers looking for a luxurious get away. The BVI currently has over 200 villas for sale and 120 luxury development lots. about 20 percent of those include waterfront opportunity.

" Meet the Broker " Rico Garcia

Rico Garcia was born and raised in the British Virgin Islands and is proud of the quality of the British Virgin Islands real estate market and the opportunities it presents to it’s buyers, sellers, renters and tenants. He believes that real estate is still the best opportunity the B.V.I has to offer.
His time away for school and work in the U.S has allowed him countless opportunities to experience people from all walks of life. After doing a year internship at Walt Disney World , Rico where he made friends from over 15 different countries and fell in love with customer service. He then came home and realized that some of the best opportunities to serve is found in the real estate market. The agent is proud of the countless real estate referrals he receives as it is a reflection of his ability to serve the buyer or seller. He has been serving the BVI real estate market  for  3 years now.

Caribbean Road Trip: Tortola, BVI

THE VERY idea of “road trip” conjures images of adventure, freedom and exploration. You may have relaxed on the beach, gone for a snorkel or hiked up a hill. But sometimes you want to go for a journey somewhere, just you, the open road and some palm trees and no tour buses. And yes, you can do it in the Caribbean.
Many Caribbean islands are particularly suited for this type of adventure and Tortola in the British Virgin Islands is just one of those special places. Sometimes you have to get out there and go driving at your own speed! Few places are safer, more fun or better suited for a road trip than Tortola.  Pack a towel and the right attitude.  This does take some skilled driving so if you’re liming, be sure to take a designated driver.

To review the entire article please click the link here.

Rum Journal: Soggy Dollar Bar

Whether you captain your own boat or charter one, visiting Soggy Dollar located on the beautiful sandy White Bay Beach on Jost Van Dyke, B.V.I. is a day you will surely never forget.  There are no docks at Soggy so you’ll have to moor your boat and swim to shore or arrive in style on your dinghy.  Either way, it’s perfectly acceptable to show up on our doorstep soggy and wet.  And we never judge a man by the size of his dinghy.
Visit Soggy Dollar Bar here

Tuesday, April 5, 2016