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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
23 people viewed this property since last week.

Property Information

Massive 53 acre development site!  Already master planned with 109 residential lots. Two apartment sites of over 2 acres each 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 don’t 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: Pen/Con
  • 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

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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