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CASTAWAYS' COVE UNIT 328 A/B

Colliers, Cayman Islands | MLS#: 420844 | Status: New

US$575,000

For Sale
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CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY

About This Property

Unparalleled penthouse views from this 2B/2B Castaways’ Cove condominium offers endless sightlines of contiguous white sand beach and spectacular turquoise blue waters associated with Grand Cayman’s unspoiled Eastern District. This light-filled retreat offers a front-row seat to spectacular sunrise and the soothing rhythm of the ocean beyond. Thoughtfully updated throughout, the interior blends coastal elegance with relaxed island comfort. Expansive windows flood the space with natural light, while the open-concept design creates a seamless connection between indoor living and the extraordinary seascape outside. Whether enjoying a morning coffee on the balcony or unwinding after a day in the sun, every moment feels like paradise. The beautifully renovated residence captures the essence of elevated, worry-free Caribbean beachfront living, literally and figuratively. In addition to new living room and dining room furnishings, new draperies throughout and refreshed kitchen cabinets, recent improvements include new sliding glass doors, a high capacity tankless water heater, updated LED lighting in all rooms, new linens and towels, and new air conditioning equipment. These updates help ensure you will experience a move-in-ready tropical retreat both today and well into the future. Unit 328 A/B offers a unique lock-off floor plan allowing the unit to be utilized as a traditional two-bedroom condominium or a luxury 1-bedroom and 1-bedroom efficiency condo. This comes in handy, should you choose to maximize rental opportunities. Castaways’ Cove is a haven for water enthusiasts and adventure seekers alike. Just steps away, discover world-class diving, vibrant coral reefs, snorkeling, kayaking and paddleboarding in some of the Caribbean’s most pristine waters. Residents and guests enjoy an impressive collection of resort-style amenities, including multiple swimming pools, onsite spa, tennis, pickleball, restaurant & beach bar — all designed to complement the effortless island lifestyle. Everyday conveniences are directly located across the street, including a grocery store, restaurant, liquor store and boutique souvenir shop, making extended stays and full-time living stress free. Beyond its undeniable lifestyle appeal, this property represents an exceptional investment opportunity. With a proven short-term rental history generating approximately US$80,000 in annual gross rental income, this residence offers both strong performance and enduring desirability in one of Grand Cayman’s most sought-after beachfront communities and tax neutral jurisdictions. Whether you envision a luxurious personal retreat, an income-producing vacation property, or both, Castaways’ Cove 328 A/B delivers a blend of beauty, comfort, and investment potential.

Property Features

  • Property Type
    Residential (Condominium)
  • Bedrooms
    2
  • Bathrooms
    2
  • Property Size
    1330.00 Sq Ft
  • Block
    73A
  • Den
    No
  • Parcel
    39H67
  • Views
    Beach Front
  • Year Built
    2008
  • Sea Frontage
    900
  • Foundation
    Slab
  • Floor Level
    3
  • Furnished
    Yes
  • Den
    No
  • Garage
    No
  • Pool
    Yes

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US$115,000
Mortgage Principal
US$460,000
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US$2,469
Still Owing at End of Term
US$0

Property Location

*Disclaimer: 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. The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. 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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