03.20.06
Ambergris Cay Luxury Sporting and Housing
Ambergris Cay is an 1,100-acre (4.45 km2) secluded island at the southeastern end of the Caicos Banks in the Turks and Caicos. With 8 miles of immaculate waterfront and beaches, the island is nearly 3.3 miles (5.3 km) long by 1.5 miles (2.41 km) wide and rises to 100 feet (30.5 m), the highest elevation of any cay in the Turks and Caicos.
Ambergris Cay is being transformed at the Turks & Caicos Sporting Club in the British West Indies by DPS Development. The Cay will reportedly be developed into a luxurious sporting and housing development with its own jet strip and marina, and only electric-powered vehicles will be allowed on the Cay.
Sea-view sites for homes are being sold with prices ranging from $525,000 to $5,000,000, making sure that this private island affords not only immense luxury, but also exclusivity.
From a recent article in TheStreet.com
Fishing, snorkeling and other water activities will be offered by professional guides. About 450 homes will eventually be built. Private members pay a one-time $75,000 fee and about $7,500 in annual dues to be a part of the club. The island is home to more than 18,000 iguanas, the seas are filled with coral reefs and turtles, and humpback whales migrate through the islands from January to March. One of the added benefits: no property taxes.
“The idea was, people want to own something. These are not time shares or vacation club projects,” says Peter Pollak, a managing partner of DPS Development. “They’re not in a resort with massive hotels and casinos and villa rental apartments. There’s pride of ownership and they’re stewards of the land.”
