Island Real Estate Team

What Island Real Estate Team does

Island Real Estate Team (IRETEAM) is a privately held real estate brokerage founded in 2009 by Arun Jagtiani and headquartered in Simpson Bay, Sint Maarten, with a secondary office in Cupecoy. The firm operates a traditional licensed-agent brokerage model covering residential and commercial property sales, vacation rentals, and long-term residential rentals across the dual-jurisdiction island market of Sint Maarten (Dutch) and Saint Martin (French), and has progressively expanded listings into Anguilla, Saba, Saint-Barth, Dominican Republic, Belize, and Aruba.

The technology layer is a self-developed website with a searchable property database (filterable by island, price, and bedrooms), virtual tour and video content, an online loan calculator, and contact forms; there are no APIs, mobile apps, third-party integrations, or AI/ML features. Through the sister company IRE Vacations, formed via a 2016 strategic partnership, the firm also manages short-term vacation rentals, providing an adjacent managed services revenue stream.

IRETEAM generates revenue primarily through transaction commissions on property sales (typical price points $125,000 land lots to $8,000,000 commercial, with luxury estates in Terres Basses priced $4.3M-$5.8M) and vacation rental commissions, supplemented by long-term rental management fees. Lead generation relies on the website, the founder's HGTV and NBC television appearances, video content, and referrals from past clients and professional networks. The firm is privately held and founder-controlled, with no disclosed external investment.

Name

Island Real Estate Team

Legal name

Island Real Estate Team

Website

https://ireteam.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Island Real Estate Team is a privately held Caribbean real estate brokerage founded in 2009 in Sint Maarten, serving international property buyers and vacation rental guests across Sint Maarten, Saint Martin, and adjacent islands via licensed agents and the IRE Vacations sister brand.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Residential Property Managers (531311), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Real Estate Teams & Agent Networks (Team-Based Brokerage) (BPAJAAAL)

akta.pro secondary industry

Full-Service Vacation Rental Property Management (BPAJAIAA)

Keywords

• Residential real estate sales
• Vacation rental management
• Long-term rentals
• Commercial real estate brokerage
• Caribbean property listings

Headquarters

HQ city

Simpson Bay

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Property Sales Commissions: Commission-based revenue from residential and commercial property sales on St. Martin/St. Maarten. Agents facilitate buying and selling of estates, villas, condos, land, and commercial properties.
2. Vacation Rental Management: Revenue from managing vacation rental properties through IRE Vacations subsidiary, including property listing, guest management, and rental income optimization.
3. Long-term Rental Management: Management fees from long-term residential rentals including apartments, houses, and multi-unit properties.
4. Property Rental Commissions: Commission on vacation rental bookings and long-term rental placements

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Island Real Estate Team (IRETEAM) is a full-service real estate brokerage operating in Sint Maarten and Saint-Martin, facilitating residential and commercial property sales, long-term rentals, and vacation rentals. The agency represents buyers and sellers of estates, villas, condos, land, and commercial properties, and through its sister company IRE Vacations manages short-term vacation rental bookings. Licensed agents deliver property search, viewings, negotiations, legal/mortgage coordination, and closing support.

Product overview

Island Real Estate Team (IRETEAM) operates as a real estate brokerage offering a comprehensive property marketplace across the Caribbean island of Sint Maarten/Saint-Martin. The core offering includes property sales (estates, villas, condos, land, commercial) and rental services (vacation and long-term). The company was founded in 2009 by Arun Jagtiani and expanded in 2016 with IRE Vacations as a complementary short-term rental business. The platform provides an integrated property search with filtering by island, price, and bedrooms, along with a loan calculator tool. No AI/ML capabilities, APIs, or third-party integrations are offered.

Differentiator

Problem solved

Functional benefit

Brands

• IRE Vacations: Vacation rental management and property rental services

Products and services

• Residential Property Sales

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Leverage GroupminorGTM or Marketing Partner · 1 January 2016Marketing partner visible on website footer, suggesting collaboration for luxury property marketing and exposure.
• IRE VacationscoreStrategic or Co-development PartnerStrategic partnership formed in 2016 to create a complimentary vacation rental business. IRE Vacations operates as a sister company handling short-term vacation rentals, property management, and guest services for the real estate business.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vacasa: Largest U.S. vacation rental management company with growing Caribbean presence. Direct competitor to IRETEAM's IRE Vacations subsidiary for short-term rental management contracts on Caribbean vacation properties.

Broad incumbents

• Airbnb: Dominant vacation rental booking platform that competes with IRE Vacations by enabling property owners to self-manage listings. Affects IRETEAM's vacation rental revenue stream by lowering barriers for property owners to bypass management services.
• RE/MAX Caribbean: Global real estate franchise with Caribbean franchisees. Competes for residential and vacation property buyers and offers a comparable team-based brokerage model with the advantage of a much larger global referral network.
• Christie's International Real Estate: Luxury real estate network affiliated with the Christie's auction house, with Caribbean affiliate offices. Direct competitor for high-net-worth Caribbean property buyers and overlaps with IRETEAM's luxury estate segment ($4M+).
• VRBO: Major vacation rental platform (owned by Expedia) competing directly with IRE Vacations for short-term Caribbean rental bookings. Particularly relevant in the vacation rental market segment IRE Vacations serves.
• Coldwell Banker Caribbean: Global residential real estate franchise with Caribbean presence. Competes for international Caribbean buyers and offers the same agent-based brokerage model as IRETEAM but with substantially larger network and brand infrastructure.
• Engel & Völkers Caribbean: Global luxury real estate franchise with Caribbean offices. Competes for international luxury Caribbean property buyers and offers a similar full-service brokerage-plus-relocation model to IRETEAM.
• Sotheby's International Realty: Global luxury real estate brand with established Caribbean offices (BVI, Cayman, Bahamas). Competes with IRETEAM for the same international luxury buyer pool seeking Caribbean property, with significantly broader geographic reach and brand recognition.
• Century 21 Caribbean: Global real estate franchise with Caribbean franchisees. Competes for residential Caribbean property buyers using the same team-based agent model as IRETEAM, with a substantially larger global brand footprint.

Others

• Luxury Portfolio International: Luxury real estate network of which IRETEAM is itself a member (profile ID 142148). Comparable because the network aggregates luxury Caribbean inventory and competes for the same international luxury buyer pool.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ireteam
• Facebookfacebook.com/ireteam
• LinkedInlinkedin.com/company/island-real-estate-team

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Island Real Estate Team