This multi-family property, located on Hope Street in the Grace Bay area of Providenciales, Turks & Caicos, offers convenient access to the beach, dining, shopping, and golf, along with excellent investment potential. It is situated in a desirable area known for commanding premium rates for both short-term and long-term rentals.

The property features three separate units on 0.28 acres, with a combined interior of 5,100 square feet. The two upper-level units each have 2 bedrooms and 2 bathrooms, complete with private outdoor spaces and pools. The ground-level unit on the south side includes a spacious 1 bedroom and 1 bathroom apartment, featuring an expansive outdoor entertainment area and a plunge pool, suitable for guests or long-term residents. Each unit is equipped with separate power meters, allowing for independent leasing and diversified income streams to ensure steady cash flow.

Outdoor spaces are well-designed, with a paved driveway lined with tropical palms leading to the upper units. The landscaped and fenced outdoor areas provide privacy and a resort-like atmosphere. Each unit boasts its own pool and entertaining area, perfect for relaxation and hosting.

With its prime location in the high-demand Grace Bay area and three independent rental units offering easy access to the beach and local amenities, this property presents a strong investment opportunity in the Turks & Caicos rental market.

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

5 Bedroom Multi-Family Property for Sale, Kakeka Street, Grace Bay, Providenciales, Turks & Caicos

The reason to consider it.

What this listing includes

What people say about Turks and Caicos

The asking price is not what it costs.

What completing costs

The reason to consider it.

What this listing includes

What people say about Turks and Caicos

The asking price is not what it costs.

What completing costs

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