Fashion designer Donna Karan is selling a portion of her longtime family retreat on Parrot Cay in the Turks and Caicos Islands for $39 million.

Ms. Karan is selling 7 acres of the more-than 10-acre beachfront property, which she purchased in 2002, because the property is more space than she needs, according to a spokesperson.

The property for sale has two guest villas flanking a center dining pavilion. There are also three swimming pools, a yoga pavilion on the beach, a chef’s kitchen, staff quarters and other buildings.

Ms. Karan is keeping the portion of the property with the family home, a spa house and two swimming pools.

Each of the two-story guest villas is about 3,850 square feet, with four bedrooms, four bathrooms, a kitchen and a pool. The dining pavilion, meant as “a family gathering place,” has seating for more than 20 people.

In addition to custom-designed hardwood furniture, the home is filled with decorative carvings from her travels around the world.

Lately Parrot Cay has seen several big home listings: “Oliver’s Cove,” a roughly 6½-acre estate, was recently listed for $48 million.

The island is the site of the luxury resort Parrot Cay by COMO, and homeowners there have access to hotel amenities, such as room service and housekeeping.

Ms. Baryluk, who is listing the property with Rick Moeser of Christie’s, said the recent spate of pricey listings is a result of the recovery of the luxury home market in the Turks and Caicos.

Source PropGOluxury via WSJ