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MLS: 421277

Cayman Reef 3 Bedroom | Seven Mile Beach | Redevelopment Potential

W Bay Bch South, Cayman Islands

US$4,200,000

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About this property

Enjoy the very best of Seven-Mile Beach living from this well-proportioned three-bedroom residence at Cayman Reef Resort. With its flexible three-bedroom layout, established and highly successful vacation rental use and prime position in the complex, this unit offers plenty of appeal in its current form; however, it is the potential longer-term redevelopment of Cayman Reef that makes this an especially compelling opportunity. With the strata ownership in ongoing discussions regarding the future redevelopment of the complex, purchasers have the opportunity to secure an interest in a highly desirable Seven Mile Beach property at a potentially important stage of its evolution. While any redevelopment remains subject to ongoing discussions, agreement, and in time the necessary approvals, the potential future value of the site adds a significant additional dimension to this offering.

Offering 1,508 sq. ft. across two levels, this second floor residence features three bedrooms and two bathrooms, with a distinctive floor plan that creates excellent separation between the living and sleeping areas. The two-storey configuration belies the headline square footage, as it offers a wonderful sense of space and privacy, making it particularly well suited to families, vacation homeowners and rental investors alike. The living and dining areas open directly onto a private balcony overlooking the beautifully maintained grounds, the beach and the Caribbean Sea — the perfect spot for morning coffee, evening sunset drinks or simply enjoying the tropical surroundings. Upstairs, the primary and second bedrooms benefit from a shared balcony, providing additional private outdoor space and elevated sea views.

At Cayman Reef, Seven Mile Beach is on your doorstep, enjoy walks along the length of Seven Mile, or lounge by the large swimming pool, or play on tennis court, all surrounded by attractive landscaped grounds. The location of Cayman Reef Resort is difficult to beat. Camana Bay, restaurants, cafés, shopping, entertainment and everyday conveniences are all within walking distance, while George Town and the airport are a short drive away.

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Property details

Cayman Reef 3 Bedroom | Seven Mile Beach | Redevelopment Potential

Status

New

View

Beach Front, Beach View, Ocean Front, Ocean View, Water Front, Water View

Listing Type

Condominium

Block & Parcel

12E / 53H42

Direction

West Bay Road

directly Across from West Shore Plaza

Location

W Bay Bch South, Cayman Islands

Mortgage estimate

30
4200000.00$
20
5
30

Your estimated monthly mortgage payment

$18,037
Mortgage Size
$840,000
Mortgage Interest
$0
Total Mortgage Paid
$3,360,000

*Our Mortgage Calculator lets you estimate your monthly mortgage payment input different house prices, terms, interest rates, and down payments and see varying monthly loan amounts.

Highlights

Condominium
Type
3
Beds
2
Baths
1,508 sqft
Living
1982
Year Built
200
Width
New
Status

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