As you may expect, there are also other types of real estate listings that are considered commercial. Mixed-Use properties have both residential and non-residential use. Commercial land for sale can be used for farming, renting for something like a farmer’s market, and other uses. Special purpose commercial real estate is meant for those that don’t fall under any category listed.
If you’re looking to purchase land so that you can develop it in whatever way that you please, there are still a lot of untouched places throughout the TCI. While less common in more populated islands like Providenciales, there is plenty of empty beachfront land available to build the beach house of your dreams. Here are the main types of land purchases you can make on the islands.
Raw land is exactly that – land that has nothing on it. This can include private islands or plots of land that are sitting idle and likely overgrown with plant life.
Raw land is much less common throughout the TCI, but it does exist. Individuals may need to connect with specific realtors to ensure that they can find the right properties and get connected with raw land sales.
Undeveloped or Underdeveloped Land (“Vacant” Land)
Most of the time, if you’re buying land in Turks and Caicos, you’re buying land that is going to fall into “undeveloped” or “underdeveloped”. This is land that may have, at the very least, been prepared for some sort of future buildout.
It may have been demarcated for some sort of use (commercial, industrial, etc.). Typically, if it’s vacant, it has at least been set up and sorted so that a building can eventually go on that spot. The rezoning would have to be done if the land was purchased for use other than the original intent.
There are still spots of undeveloped or underdeveloped land throughout the TCI, so you have the opportunity to find these and save a little bit of money that you would have spent developing raw land for use.
Lastly, we have farmland. Farmland is a real estate niche that focuses on buying and selling land that can be farmed. In short, if the land is going to be plowed and used for any sort of farming, then it is considered to be farmland. North Caicos and Middle Caicos have government-run farms, among others.
Shopping for Turks and Caicos Property Types and Options
Whether you want to live on Providenciales near Chalk Sound, Long Bay Beach, or Turtle Tail, or are looking for a beachfront villa on stunning South Caicos, there are a lot of opportunities for you to find the real estate that works best for you.
Residential real estate, commercial real estate, and land are abundant, with new considerations coming onto the market all of the time. With so many different options, you’re sure to find Turks and Caicos real estate to have your own place in paradise.