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MLS#: 420894

Laguna Del Mar Penthouse

Seven Mile Beach, Grand Cayman
US$4,900,000
Type: Residential
  • 3
    BED
  • 3
    BATH
  • 2,650
    SQ FT
  • 1989
    YEAR BUILT
147 people viewed this property since last week.

Property Information

Today, this turnkey penthouse is fully equipped for immediate enjoyment but is also a
very significant investment opportunity on Seven Mile Beach with substantial built-in
appreciation. The purchaser will be able to participate in a complete redevelopment that
has been approved by the strata ownership to create a signature ultra high end resort.
The redevelopment plan, which is now well advanced following approval of the concept,
is the work of a reputable international developer that already has a footprint on Seven
Mile Beach. It provides for a substantial increase in the existing internal square footage
of this unit while maintaining its wide oceanfront prospect on an upper floor as well as
many other amenities consistent with the resort’s character.

Meanwhile the unit’s prime beachfront location makes it exceptionally attractive for
vacation rentals, delivering strong occupancy rates in one of the Caribbean’s most
sought after destinations. Uniquely for properties of this kind on Seven Mile Beach, the
redevelopment will facilitate continued use for rentals.
Please inquire for more information including design plans and related details.
Price will increase as the project advances.

Property Details

  • Status: Current
  • View: Beach Front, Water Front
  • Listing Type: Condominiums
  • Pets Allowed: Yes
  • Den: No
  • Floor Level: 3
  • Furnished: Yes
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*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.
The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).
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