Saturday, September 18, 2021

Prince’s Island Retreat in Turks and Caicos on the Market (Pics)

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*The lone remaining property owned by Prince is now up for sale.

A New York auction house is taking sealed bids on an island villa owned by the late singer in Turks and Caicos, according to the Star Tribune.

Prince's property in Turks & Caicos (COURTESY OF THE PRINCE ESTATE)
Prince’s property in Turks & Caicos (COURTESY OF THE PRINCE ESTATE)

The 5.74-acre property is surrounded by water on three sides and includes several buildings with more than 10,000 square feet. There are two private beaches, a marina, and a long, winding driveway that Prince painted purple right after he bought the property in 2011.

“It was a little gift to himself,” said Todd Wohl of Premiere Estates Auction Co., which is handling the auction. “It’s quite a property, the water around it is about as blue and crystal clear as you can ever imagine.”

Prince property in Turks & Caicos (COURTESY OF THE PRINCE ESTATE)

Prince paid an estimated $10.5 million for the property, which had been built by a British family as a retreat in the early 2000s. He then bought two adjacent lots for an additional $2.5 million to ensure his privacy.

The property is expected to fetch at least $15 million at auction, based on the last two big sales in the area. A house on a 4.5-acre parcel sold for $7.625 million, and a house on 5.38 acres on Parrot Cay sold for $17 million, $2.5 million less than the asking price.

The sealed-bid auction ends on July 12 to give prospective bidders time to visit the property. Bidders must provide proof of funds and a $100,000 registration deposit.

View more pics of the Turks & Caicos property below, courtesy of the Prince estate:

Prince’s estate began selling off properties from his real estate portfolio in late 2016, including the site of the former purple house on Lake Riley in Chanhassen where Prince once lived, and a 160-acre undeveloped parcel near Lake Ann, also in Chanhassen. The properties — four listings — were valued at more than $15 million.

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