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MLS#: 421277

Cayman Reef 3 Bedroom | Seven Mile Beach | Redevelopment Potential

Seven Mile Corridor, Grand Cayman
US$4,200,000
Type: Residential
  • 3
    BED
  • 2
    BATH
  • 1,508
    SQ FT
  • 1982
    YEAR BUILT
68 people viewed this property since last week.

Property Information

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, cafs, shopping, entertainment and everyday conveniences are all within walking distance, while George Town and the airport are a short drive away.

Property Details

  • Status: New
  • View: Beach Front, Beach View
  • Listing Type: Condominiums
  • Pets Allowed: No
  • Den: No
  • Floor Level: 2
  • 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).

About RE/MAX CAYMAN ISLANDS

At RE/MAX Cayman Islands our 37 full-time agents have more than 400 years of combined experience and our office has been open for more than 30 years. Agents at RE/MAX Cayman Islands have been with the company for an average of 13 years.

With a presence in over 100 countries and territories in over 7,500 offices and with 144,000+ agents, the RE/MAX network’s global footprint is unmatched by any other real estate brand. RE/MAX is one of the most recognized real estate brands and logos around the world and is in more countries than any other real estate brand. RE/MAX has helped millions of families buy or sell a home.

At RE/MAX we know that buying or selling property is one of the most important decisions you will make. You need an agent and a company with the knowledge and experience you can trust especially in the ever-changing Cayman real estate market.

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