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ROYAL PALMS ESTATES DEVELOPMENT , Grand Cayman

MLS#: 409058
LISTING TYPE: Land Residential/Agriculture
US$3,900,000 ($0.89/Sq Ft)
ACREAGE
101
WIDTH
2,237
DEPTH
2,324,132

PROPERTY DETAILS

  • Property Type: Land
  • View: Garden View
  • Status: Current
  • Acreage: 101
  • Soil: Black
  • Road Frontage: 200
  • Zoning: Agriculture/Residential
  • Covenants: No
*Disclaimer: CIREBA uses a conversion rate of KYD 0.82 to US 1.00. It is important to check with your local real estate agent or financial institution as the KYD/USD exchange rate may differ when purchasing real estate in the Cayman Islands.

PROPERTY ENQUIRY

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Property Description

Royal Palms Estates, a Frank Sound Sub-Division Development of 101 Acres - Complete Planning Approval for 243 Lots, all clearly demarcated in sub-division plan, ready to sell on lot plan. Priced at US$6.00 per square foot generates a gross revenue return of US$19,331,040, "OVER 4 TIMES THE SALES PRICE!". Roads demarcated throughout sub-division. Developer has grown 200 Royal Palms and 200 Christmas Palms on site, included with the sale for decoration along the access roads, already in place. Site also have maintenance building for storage of equipment during completion of any required works. Very profitable opportunity in Cayman's expanding real estate market where there currently is a lack of inventory. Recent new projects in the eastern districts will insure strong sales of lots; Mandarin Oriental Hotel has just signed on to new hotel in Beach Bay, further increasing interest in the eastern districts. Priced to Sell!

CONTACT AGENT

Sales Associate
Company:
RE/MAX CAYMAN ISLANDS
Office:345-945-8000
Cell:345-526-8000
Email:scott.roe@remax.ky
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