Millionaire fan snatches up Prince’s lavish Caribbean estate
A Turks and Caicos estate owned by late pop music icon Prince has sold for $10.8 million, the Wall Street Journal reports.
The “Purple Rain” star, who died in 2016 at age 57, fittingly outfitted the spread with a driveway and a private movie theater both colored purple. (The former is purple concrete; the latter is purple velour.) The 6-acre grounds additionally have a roughly 10,000-square-foot main house with six bedrooms, a tennis court and cabanas.
Prince snagged the property in 2011, then tacked on two neighboring parcels over about a year. It was on the market for a couple years with no bites, then scheduled for auction last year. Most recently, it was listed in late 2018 for $11.8 million, the Journal notes.
Tom Barnes, the CEO of North Carolina-based private equity and investment firm 319 Capital Partners, is the new owner.
The millionaire told the Journal that he and his family have vacationed in Turks and Caicos for years and wanted to find a vacation compound large enough to host more family.
And, yes, he said the Prince-associated history was a “bonus” in the deal.
“I can remember myself back in 10th grade listening to ‘1999,’ ” he told the Journal in reference to the famed Prince album. “If I could go back and tell that 10th- grader that some day he’d buy Prince’s house, his head would probably explode.”
Nina Siegenthaler, Joe Zahm and Richard Sankar of Turks and Caicos Sotheby’s International Realty had the listing; Dee Agingu of the same firm represented the buyer.