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CAYMAN REEF RESORT BEACHFRONT WITH FUTURE REDEVELOPMENT

Seven Mile Beach, Cayman Islands | MLS#: 419602 | Status: New

US$2,800,000

For Sale
CAYMAN REEF RESORT BEACHFRONT WITH FUTURE REDEVELOPMENT
CAYMAN REEF RESORT BEACHFRONT WITH FUTURE REDEVELOPMENT
CAYMAN REEF RESORT BEACHFRONT WITH FUTURE REDEVELOPMENT
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CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY

About This Property

Escape with panoramic ocean views from the balcony of this converted 3 bedroom condo at Cayman Reef Resort. Renovated to increase living space and efficiency for rental, the main level has 2 bedrooms, one bath, kitchen, and living with a balcony overlooking Seven Mile Beach. The upper level has a loft/den that overlooks the living area and an additional bedroom and bathroom. Currently only rented as a 2bed, the condo sees roughly $125K gross income per year with frequent owner usage. Future bookings are already confirmed, so you can step in with instant income. Cayman Reef Resort offers an elevated beachfront seating area with chaise lounges and umbrellas, and easy access to the ocean and beach. There is also a centrally located pool and tennis/pickleball court near the entrance of the complex. The condo has one assigned parking spot, and there is ample visitor parking for additional cars near the entrance as well. Camana Bay is only a few minutes' walk over the bypass bridge for shops, restaurants, fitness studios, and movie theater. Dozens of restaurants and more shops are all within a short walk. More importantly! Cayman Reef Resort and Seagull will be combining to redevelop with a new design - already voted to move forward by the owners. Contact for more information on the future of the development and get in now before the price is sure to increase soon!

Property Features

  • Property Type
    Residential (Condominium)
  • Bedrooms
    3
  • Bathrooms
    2
  • Property Size
    1100.00 Sq Ft
  • Block
    12E
  • Den
    No
  • Parcel
    53H30
  • Views
    Beach Front
  • Year Built
    1982
  • Sea Frontage
    200
  • Foundation
    Slab
  • Floor Level
    2
  • Furnished
    Yes
  • Den
    No
  • Garage
    No
  • Pool
    Yes

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US$560,000
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US$2,240,000
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US$12,025
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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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