Koraal Tabak Estates

What Koraal Tabak Estates does

Koraal Tabak Estates, operating through legal entity Greko's N.V., is a privately-held, 100% family-owned real estate development project based in Curaçao that is converting a historic former tobacco plantation in the island's Northeastern region into a master-planned residential community. The company's core product is Porta Kurá Bunita, the first neighborhood in the broader Koraal Tabak development plan — a secure gated community of approximately 200 residents comprising 18 villas, 40 apartments, and 8 penthouses designed by Studio8 Caribbean Architects, with panoramic views of Sint Joris Bay.

Revenue is generated primarily through one-time direct sales of residential units to individual buyers, with prices ranging from $370,130 for Corner Apartments to $549,710 for Villa Type 1 (excluding tax and buyers' costs). An ancillary revenue line comes from optional private swimming pool customization for Villa Type 1 owners. Distribution runs through a dedicated sales office at Blue Business Center, Neptunusweg 16, Willemstad (Monday-Friday, 9 AM-5 PM), complemented by a global online buyer portal (pkb-portal.koraaltabak.com) that handles account creation, property browsing, reservation agreements, and fee processing. Marketing reaches across Facebook, LinkedIn, Instagram, YouTube, email newsletters, and environmental/conservation content centered on the on-site Least Tern breeding sanctuary, which is legally protected under Article 33 of Curaçao's Nature Conservation Ordinance.

The company is led by Founder and CEO Yadira Bakhuis, supported by a small team including Sales Account Manager Larissa Römer and Marketing Manager Rafael Ravelo. Target customer segments include young families, retirees and empty nesters, and young professionals seeking secure, gated-community Caribbean living. The business is privately held, discloses no external institutional investors, parent company, subsidiaries, or funding rounds, and operates exclusively in the Curaçao market.

Name

Koraal Tabak Estates

Legal name

Greko's N.V.

Website

https://koraaltabak.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Koraal Tabak Estates is a privately-held, family-owned real estate developer in Curaçao building Porta Kurá Bunita, a 66-unit gated residential community of villas, apartments, and penthouses, sold directly to individual Caribbean homebuyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Curaçao

HQ country

Curaçao

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Sales - Residential Units: The primary revenue stream is the sale of residential properties including villas, apartments, and penthouses at various price points starting from $370,130 for corner apartments to $549,710 for Villa Type 1. Properties are sold through direct sales process with reservation fees.
2. Optional Property Upgrades - Private Swimming Pool: Optional upgrade available for Villa Type 1 owners to build private swimming pools on their premises for an additional personalized quotation. This represents ancillary revenue from customization services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Koraal Tabak Estates develops, constructs and sells residential real estate within Porta Kurá Bunita, a secure gated community in northeastern Curaçao. The portfolio comprises 18 villas (Villa Type 1 and Villa Type 2), 40 apartments (Corner, Center and F3 layouts across multiple buildings) and 8 penthouses, all designed by Studio8 Caribbean Architects and sold directly to end-buyers via a Willemstad sales office and online reservation portal, with optional add-ons such as a private swimming pool for Villa Type 1.

Product overview

Koraal Tabak Estates is a 100% local family-owned former tobacco plantation in Curaçao developing into a suburban living oasis. The product portfolio centers on Porta Kurá Bunita, the first neighborhood in the development plan, which comprises 18 villas (Villa Type 1 and Villa Type 2), 40 apartments (Corner Apartments, Center Apartments, and F3 Apartments across multiple buildings), and 8 penthouses. All residences are designed by Studio8 Caribbean Architects and feature modern amenities, high ceilings, open floor plans, and landscaped grounds. Villa Type 1 offers the largest option with 3 bedrooms and optional private pool, while the apartment and penthouse offerings provide various configurations ranging from 2 bedrooms with differing bathroom counts and surface areas.

Differentiator

Problem solved

Functional benefit

Brands

• Porta Kurá Bunita: The first neighborhood in the Koraal Tabak development plan. A secure gated community in the Northeastern region of Curaçao, offering residences for around 200 residents. Features eighteen villas, forty apartments, and eight penthouses designed by Studio8 Caribbean Architects.

Products and services

• Porta Kurá Bunita gated community Secure gated community in northeastern Curaçao with 18 villas, 40 apartments and 8 penthouses designed by Studio8 Caribbean Architects, planned for approximately 200 residents of diverse ages and family compositions.
• Villa Type 1 3-bedroom, 2-bathroom villa with 191.55 m² gross surface area, starting at $549,710, featuring an open airy layout with modern kitchen, spacious patio, enclosed carport and an optional private swimming pool. Targeted at families seeking spacious Caribbean home ownership.
• Villa Type 2 2-bedroom, 2-bathroom modern villa with 160.18 m² gross surface area, starting at $515,120, offering an open floor plan with modern kitchen, breakfast bar, patio and adjacent carport.
• Corner Apartments 2-bedroom, 2.5-bathroom apartment with 101.40 m² gross surface area, starting at $370,130, featuring an open floor plan with modern kitchen, balcony with garden views and elevator or stair access.
• Center Apartments 2-bedroom, 2-bathroom apartment with 117.90 m² gross surface area, starting at $388,910, offering an open floor plan, kitchen island, spacious balcony and elevator or stair access.
• Penthouses 2-bedroom, 2.5-bathroom luxury top-floor penthouse with 166.00 m² gross surface area, starting at $538,290, with elevator access, expansive living room, modern open kitchen with cooking island and private terrace.
• F3 Apartments 2-story luxury apartments in four buildings, 2-bedroom and 2.5-bathroom layout with 109.30 m² gross surface area per unit, starting at $372,581, featuring high ceilings, open design, large balcony and stair access.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Studio8 Caribbean ArchitectscoreStrategic or Co-development PartnerRenowned Caribbean architecture firm responsible for designing the Porta Kurá Bunita gated community including 18 villas, 40 apartments, and 8 penthouses. Their designs emphasize modern open floor plans, high ceilings, and seamless indoor-outdoor living spaces that harmonize with the natural landscape.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Discovery Land Company: Developer of luxury private residential communities globally, with a model centered on gated estates, nature-anchored settings, and high-end experiential amenities. Broader incumbent, but operates a fundamentally similar business of master-planned luxury residential communities.
• Casa de Campo Resort & Villas: Large-scale luxury Caribbean resort community in the Dominican Republic with villa ownership and branded residences. Broader and more established, but operates an overlapping model of luxury residential product inside a gated resort environment.
• Ritz-Carlton Residences: Branded luxury residential developments in Caribbean and international resort destinations, offering residences within gated or managed communities. Broader incumbent in the same luxury residential segment, typically at higher price points and scale.

Direct peers

• Albany Bahamas: Luxury gated resort and residential community in the Bahamas offering villas, residences, and amenities to an international luxury buyer pool. Closely comparable in product mix (villas, condos, gated amenities) and target customer.
• Blue Bay Curaçao Golf & Beach Resort: Local Curaçao gated resort and residential community offering villas and condominiums with similar Caribbean luxury positioning. Direct geographic overlap and similar product mix (villas, condos, gated amenities) make it the closest local comparable.
• Jumby Bay Island: Private island resort and residential community off Antigua offering luxury villas and residences in a nature-protected gated setting. Comparable as a small-scale Caribbean luxury residential developer with a strong environmental and exclusivity narrative.
• Coral Estates Curaçao: Established gated residential and resort community on Curaçao selling villas and residences to local and international buyers. Directly comparable as a Curaçao-based gated developer competing for the same luxury buyer pool.
• Sailrock Estates: Luxury residential community and resort on South Caicos offering private villas and residences with ocean views. Comparable as a small-scale Caribbean luxury residential developer targeting international second-home and primary-residence buyers.
• Baker's Bay Club & Marina: Ultra-luxury gated residential and marina community in the Bahamas selling private homesites and villas to international buyers. Highly comparable model: small number of premium units, gated community, nature-anchored setting, exclusive buyer pool.
• Lyford Cay Club: Established private gated residential community in Nassau, Bahamas, with luxury homesites, villas, and amenities sold to a selective international buyer pool. Comparable as a small, mature gated community in a small Caribbean jurisdiction targeting premium buyers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/@KoraalTabakEstates
• Facebookfacebook.com/koraaltabakestates
• LinkedInlinkedin.com/company/koraal-tabak-estates
• Instagraminstagram.com/koraal_tabak_estates

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Koraal Tabak Estates