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MLS#: 417423

Red Bay - Massive 112 Parcel 53 Acre Dev't Site

Prospect/Spotts, Grand Cayman
US$25,000,000
Type: Land
    53.69
    ACRES
    650
    WIDTH
    3,500
    DEPTH
236 people viewed this property since last week.

Property Information

Massive 53 acre development site! Already master planned with 109 residential lots, 2 apartment sites over 2 acres on the lake and waterway, commercial site of over 5.5 acres, and roads throughout that link up to existing neighbouring developments. There is waterway access leading into the North Sound, so attractive for easy boating access. A tremendous amount of work on the whole site has already been completed, including filling most of the site. While some work is still left to finish up, these lots and sites can start selling very soon. The whole surrounding area is comprised of existing development with a great amount of infrastructure already in place, so this will be a high demand area for these lots and sites.Good opportunity to also develop some sites yourself or joint venture with a developer, especially with the apartment sites and commercial site. There is a tremendous scope of profit from the sale of these lots and sites and possibly some development of them. Master planned development sites of this size and quality in the confines of well established neighbourhoods and this close to George Town, just dont exist in Grand Cayman. This is a great opportunity to profit from the increasing demand for this type of property over the long term.

Property Details

  • Status: Current
  • View: Inland
  • Listing Type: Low Density Residential
  • Acreage: 53.69
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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

RE/MAX, which stands for "real estate maximums", was founded in the 1970's by Dave and Gail Liniger in the United States of America. They developed a unique franchise system that allows real estate agents to maximize their potential by having the security of a franchise while at the same time having the individual freedom to run their own business. Today the RE/MAX network comprises over 6,000 offices with around 90,000 associates in 85 countries. RE/MAX Cayman Islands is one such independently owned and operated office within the real estate network of RE/MAX International and RE/MAX Caribbean/Central America. The office at 7 Mile Shops on West Bay Road unites 20 Cayman real estate professionals and nine administrative staff under one roof. All of our associates and administrative staff are highly experienced and constantly expand their knowledge with ongoing training. Every real estate agent in Cayman uses the synergy potential. Not only synergies within the office are important; we also work closely with RE/MAX offices all over the world as part of our international referral system. Locally and internationally, we are dedicated to maintaining a high degree of visibility which will benefit our highly valued customers and clients as well as our Sales Associates. A comprehensive marketing strategy across all media including print and internet ensure our consistent exposure. We are well established in the Cayman Islands realestate market as a strong office, capable of producing outstanding results. Referrals from satisfied buyers and sellers are a proof of it as well as the many awards the office has received. Top Office in Total Sales Volume Single Office International 2012 2011 2009 # 1 Top Office - Sales Volume # 1 Top Office - Transactions RE/MAX Cayman Islands values the Cayman Islands community and is involved in various local charities, sports clubs and events. Each associate and supportive staff member dedicates time and money to community projects.

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