The Turks and Caicos Megamansion has sold for a record $33.5 million
A massive mansion in Turks and Caicos with more than 200 feet of water frontage has sold in an off-market deal for $33.5 million, the most expensive residential sale ever in the country, according to Sotheby’s International Realty.
The house — located on the archipelago’s main island, Providenciales (or Provo) — was sold by Paul Tarvin, founder of furniture company Frontgate, after a years-long renovation project, said listing agent Nina Siegenthaler of Turks and Caicos Sotheby’s. International real estate. The deal, which was concluded last week, represents the first for more than $30 million in the country.
“The sellers spent two years tearing down, designing and rebuilding this beautiful home,” she said.
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Seigenthaler declined to comment on the buyer, but noted that the finished product served as a selling point, with buyers looking for move-in ready mansions.
“The majority of high-end sales this year occurred in the luxury pre-construction new development segment, which serves the growing demand for high-quality homes amid a limited inventory of available and completed homes,” she said. “The potential challenges and time involved in a custom project heightened the appeal of this newly completed, finished masterpiece and led to a quick closing.”
Nicknamed Sole E Mare, which means sun and sea, the property is located on Pelican Beach, which offers soft white sand and is an extension of the world-famous Grace Bay. It features a main house and a guest house totaling 12,000 square feet and 270-degree water views, according to the listing.
The home was recently used as a short-term vacation rental, where it was priced between $19,000 and $39,000 per night, depending on the season, according to an online listing.
The contemporary design of the mansion offers clean lines and walls of windows to enjoy the scenery, as well as 12 bedrooms between the main house and guest houses. Not surprisingly, the design celebrates the indoor-outdoor lifestyle and offers an array of amenities, including a 100-foot pool with a mosaic finish, a 16-person hot tub, a sunken conversation pit and a campfire feature, as well as covered and uncovered terraces. The list of images appears.
Other features include a custom-made dining table made from a solid slab of 100-year-old wood, a wet bar, a private salon, solar panels and a wall system for energy storage.
Mansion Global was unable to determine when Tarvin purchased the property or how much he paid for it. He did not immediately respond to a request for comment.