4 ACRES ON GRACE BAY Road
Available on request
12 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
Located across the street from the new Kempinski Resort, this prime 4 acre lot is an ideal location for a commercial plaza, hotel, or any tourism-related development.
The lot comprises of 4 individual 1 acre plots along a high traffic section of Grace Bay Road.
Last confirmed
- Type
- Land
- Land
- 174,235 ft²
- Zoning
- commercial, hotel, tourism related development
- Subdivision approved
- Yes
- Permitted uses
- Commercial, Hotel, Tourism related development
What this listing includes
- Beachfront
- Ocean view
What people say about Turks and Caicos
Sources agree that Turks and Caicos has no annual property tax and no capital gains tax, and that foreigners can buy without restriction.
- Positive No annual property tax; one-time stamp duty is the main purchase cost (about 6.5-10% on Providenciales, lower on other islands; agent fee normally paid by seller)
- Mixed Foreigners may buy freely, but a property purchase does not automatically give residency; government PRC investment route lists $300,000 (Grand Turk, Salt Cay, South Caicos, Middle Caicos, North Caicos) or $1,000,000 elsewhere for a home, and secondary sources disagree on thresholds
- Concern Prices have risen sharply (median 2-bed about $995,000 in July 2025; average up 75% since 2020) while local salaries have lagged
- Concern Planning enforcement, zoning consistency and survey/title details are weak points; independent due diligence advised
Cost of entry
The asking price is not what it costs.
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