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RITZ-CARLTON GROUND FLOOR BEACH FRONT (PIP) RESIDENCE

Seven Mile Beach, Cayman Islands | MLS#: 415255 | Status: New

US$6,500,000

For Sale
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CIREBA MLS LDX feed courtesy of DIAMOND PROPERTIES

About This Property

One of only 2 ground-floor residences in the Ritz-Carlton, Grand Cayman, Reserve Program, Residence #116 is the most private and exclusive 3 bedroom, 3 bath, beachfront residence at this world-class property. What does it mean to be in the Reserve Program? The Reserve Program is a rental pool of only 24 units comprised of the first three floors of the North Tower of this development. This rental pool and the 24 units are all maintained, managed, marketed, and utilised by The Ritz-Carlton, allowing owners carefree ownership and ever-increasing triple-net return.* As the owner of Residence #116, you will be welcomed into a grand foyer leading to the expansive great room with breathtaking views of your beachfront paradise. A chef’s kitchen satisfies even the most discerning culinary critic. You and your guests will enjoy three primary-sized rooms with adjoining ensuites and private and direct, beachfront access to Seven Mile Beach. Two of the bedrooms and the main living room are sitting mere steps away – if you reach far enough you may be able to make a sandcastle from your covered patio! This triple net return Residence comes with all the amenities of this 5-Star property including your concierge, bellmen, and services provided by the Ladies and Gentlemen of the Ritz-Carlton. Two Golf Course Memberships to Blue Tip Golf Course, designed by Greg Norman, La Prairie Spa, fabulous gym, The Ambassadors of the Environment Kid's Club, two Resort pools, exciting children's splash park, and dining options that are arguably the best in the Caribbean. Residence #116 is the perfect investment for a family or investor wanting to enjoy the capital appreciation of a Cayman Island residence, with all the benefits of one of the most well-run rental programs in the travel industry. *Please note that in the information data, the income is noted as Gross Income. The words Gross Income are a hard entry and cannot be edited to the Triple Net Income that this figure represents.

Property Features

  • Property Type
    Residential (Condominium)
  • Bedrooms
    3
  • Bathrooms
    3
  • Property Size
    3050.00 Sq Ft
  • Block
    12C
  • Den
    No
  • Parcel
    451/3H1H8
  • Views
    Beach Front
  • Year Built
    2005
  • Sea Frontage
    600
  • Foundation
    Slab
  • Floor Level
    1
  • Furnished
    Yes
  • Den
    No
  • Garage
    No

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US$1,300,000
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US$5,200,000
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US$27,915
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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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Neighbourhood

Seven Mile Beach Corridor

Neighbourhood

Seven Mile Beach Corridor

183+ Properties

The Caribbean’s most famous address is known for the grand condominiums and residential resorts that line the beach. Diverse neighbourhoods and canal communities can also be found all along the corridor. Popular for single-family homes are Governor’s Harbour, Vista del Mar, Yacht Club, Salt Creek, Canal Point, Snug Harbour and the area developing around the mixed-use town of Camana Bay.

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