Real Estate on South Caicos
South Caicos, the fishing capital of the Turks and Caicos, offers a unique atmosphere that combines the quaintness of a Caribbean fishing village with majestic coasts and a pristine marine environment.
The island isn’t quite as extensive as the other inhabited Caicos Islands, with the center of activity being the community of Cockburn Harbour on the southwestern side of the island.
South Caicos was once the primary driver of the Turks and Caicos sea salt industry, and consequently, in previous centuries, the island had a comparatively strong economy, resulting in more of an organized town than what’s seen on the other Caicos Islands. However, the decline of the salt industry and several major hurricanes have since left their mark.
South Caicos doesn’t have much development outside of the southern end of the island, with several expansive regions on the east coast and the northern peninsula having little more than a few structures.
The island excels as a destination for those who enjoy the outdoors and nature. There are miles of secluded coast to discover, and the surrounding cays, reefs, shallows, and wetlands are great for numerous water sports and activities.
South Caicos offers a collection of vacant land, condos, newly built and managed villas, and potential commercial properties.
Taxes, Fees, and Purchasing Considerations
The following fees are typically applicable when purchasing real estate on South Caicos. Before buying real estate, it’s important to be aware of residency statuses in the Turks and Caicos.
- Stamp duty of 0-6.5% is payable to the government (paid by the purchaser).
- The real estate agent’s fee is usually 6–10% (normally paid by the seller)—6% for developed parcels, 10% for undeveloped parcels (commission rate set by the local real estate association).
- Additional legal fees will be payable.
- Owning property in the Turks and Caicos does not guarantee access to legal residency.
South Caicos Beachfront Real Estate
South Caicos features miles of untouched coastline, with an array of beaches, bluffs, coastal cliffs, and wetlands. Every area has its own ambiance and advantages. The east coast and highlands offer awe-inspiring views. Bell Sound is tranquil, calm, and sheltered, and the south coast of Salterra Beach hides snorkeling and a fascinating menagerie of ocean life.
Villas are also available for purchase at the Sailrock Resort.
It’s difficult to find a superior location than South Caicos for a spectrum of water sports, including bonefishing and reef fishing, scuba diving, kayaking, and paddleboarding.
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