Skip to main content

Want to buy Prince's Caribbean villa? It'll soon be on the market

  • Author:
  • Updated:
    Original:

https://twitter.com/Fro_trip/status/723245992829685760?ref_src=twsrc%5Etfw

A villa that's been called "one of the most exquisite estates in the Caribbean" is headed for the real estate market.

And the buyer will own one of the former properties of Prince.

Carver County District Court Judge Kevin Eide has given Bremer Trust, which is handling Prince's estate, permission to sell seven properties. The order issued Thursday includes a villa in the Turks and Caicos Islands.

The judge also OK'd the sale of half a dozen properties in Chanhassen. The Star Tribune reports the total value of the Minnesota properties comes to about $2 million. But the appraised value of the Turks and Caicos villa has not been made public.

10 bedrooms and two private beaches

According to the Turks and Caicos Sun, Prince paid $12 million for the mansion, which is on the main island of Providenciales.

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d7591697.742259421!2d-76.45611056357133!3d21.70724199234225!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x894b5f55bebb6b75%3A0x7e11c780028dc1de!2sTKCA+1ZZ%2C+Turks+and+Caicos+Islands!5e0!3m2!1sen!2sus!4v1470972847658&w=240&h=240]

It was an expert with Christie's International Real Estate who told the paper the estate is one of the Caribbean's most exquisite.

According to the Sun, the mansion sits on a peninsula and has 10 bedrooms, 10 bathrooms, two private beaches, a boat dock, and tropical gardens and trails.

It includes a guest wing and a separate three-bedroom house for the staff, the paper says.

Big tax bill coming due

Judge Eide ruled the properties can be put on the market beginning August 26. Another eight properties might be approved for sale later, after they have been appraised.

Bremer Trust clarified last week that Paisley Park – the Chanhassen home and studio where Prince died of a painkiller overdose in April – is not among the properties they hope to sell.

The judge agreed that selling the properties is a good idea given the cost of maintaining them and the need to meet the estate's "ongoing and expected financial obligations."

Those include a big tax bill that the Star Tribune says will be due in January. According to USA Today, federal and state taxes together could amount to as much as 55 percent of the estate's value.

Next Up

FWDqyh6UEAENgIG

80 mph winds, large hail possible with severe storms in MN

A severe thunderstorm watch is in effect for much of the state until 3 a.m. Saturday.

290376311_5009722282489162_198055240351933487_n

30 people evacuated as flooding hammers small town

It's assumed that at least eight inches of rain fell in Randall, with more heavy rain expected Friday night into Saturday morning.

Intersection in Rochester.

Boy dies in motorcycle crash in Rochester

Police are investigating as of Friday afternoon.

Tab2FileL (13)

Numerous severe storms likely in Minnesota Friday night

Watch the video for the full details with meteorologist Sven Sundgaard.

court room

Teen pleads guilty in shooting death of 15-year-old girl in Columbia Heights

Damico Jamal-Tokyo High will receive a sentence in juvenile court, along with an adult prison sentence.

Screen Shot 2022-04-25 at 11.00.01 AM

Walz wants to use surplus money to send direct payments to Minnesotans

It's a renewed effort from a previous proposal from Walz and Lt. Gov. Peggy Flanagan's supplemental budget in January.

Ron Johnson

Jan. 6 committee says aide for WI senator tried to give fake elector info to Pence

The attempt was discovered through text messages in the ongoing public hearing held by the Jan. 6 select committee.

Stock U of M sign

Minnesota state colleges boosting tuition again by 3.5%

The Minnesota State system's Board of Trustee's approved the increase Wednesday.

covid

Minnesota's COVID-19 update for Friday, June 24

The next daily update will be provided Monday, June 27.

Pro choice rally

Walz, Jensen react to historic Supreme Court reversal of Roe v. Wade

After voting to overturn Roe, conservative Justice Clarence Thomas has hinted contraception and same-sex marriage protections should follow.

16362 County Rd 81, Maple Grove, Minnesota - October 2021 (4)

2-year-old killed in crash on County Road 81 in Maple Grove

The crash occurred Thursday evening on County Road 81.

police tape

BCA issues new details about St. Michael standoff, shooting

New details say a St. Cloud police officer struck the suspect with gunfire.

Related