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https://www.barrons.com/articles/waterfront-luxury-villa-in-turks-caicos-hits-the-market-for-30-million-01658499194
A luxury villa in Turks & Caicos undergoing a renovation and expansion has hit the market for $30 million.
Sitting on 2 acres with more than 155 feet of water frontage on Long Bay Beach on Providenciales, the main house has 12,757 square feet of living space with six bedrooms and eight bathrooms, according to the listing posted earlier this week by Ian Hurdle of The Agency.
The expansion plan calls for four guest bungalows and a staff quarters, bringing the total living space to 30,000 square feet, according to the listing.
Dubbed Triton after the Greek god “of the sea,” the property is owned and being developed by Fabrice Grinda, a tech entrepreneur and investor. He purchased the villa in July 2019 for $11.5 million and spent most of his time there during the pandemic, The Wall Street Journal previously reported.
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Like most vacation homes in Turks & Caicos, Triton is an income-generating rental property and the layout suits that need, with each bedroom featuring en-suite bathroom, linens and televisions, according to the listing.
Outdoors, there are two beachside decks, a large terrace, two pools, a tennis court and a gym, the listing said.
“Triton is one of the island’s most extraordinary estates, and a property of this magnitude rarely comes on the market,” Mr. Hurdle said. With the expansion, it will become “the crown jewel on the highly coveted Long Bay Beach,” he said.
Mr. Grinda, a French-born, New York-based entrepreneur and investor, was an angel investor in many tech companies, including Alibaba, Airbnb and Instacart. He was not immediately available for comment.
This article first appeared on Mansion Global.
A luxury villa in Turks & Caicos undergoing a renovation and expansion has hit the market for $30 million.
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