With the real estate market being so strong, and current inventory being in short supply, it is no surprise that developers are taking this opportunity to replenish the marketplace.
Seven Mile Beach
As always, the Seven Mile Beach area is thriving. Construction began in 2021 on the 10-storey Grand Hyatt Residences located on Pageant Beach. The 351-room hotel will contain 167 residential units and amenities to include five on-site restaurants and bars, a sandy ocean lagoon and a worldclass spa and fitness facility. Studios and 1-to-3-bedroom units are priced between US$643,000 and US$7.1 million.
Agua will offer residents modern beachfront luxury that seamlessly blends indoor and outdoor living spaces. With only 10 units split across 10 storeys, residents can choose from four different, full-level floorplans, each benefitting from large private, waterfront terraces. Prices start from US$3.5 million.
The Watermark, which is going up between the existing Avalon and Harbour Heights complexes, will provide residents of the 54-unit development with five-star, resort-style amenities and services. 4- and 5-bedroom units remain available, with prices ranging from US$8-10 million.
Lacovia is being remodelled into a threebuilding, multi-storey, contemporary development comprising of 3 to 5-bedroom units, all outfitted with luxury appliances and bespoke finishes. Prices range from US$5.4-9.5 million.
Also along the Seven Mile Beach corridor are the Residences at Magellan Quay. Each 2-storey, 3-bedroom house boasts ample square footage and 0.2 acre of land per residence. Pricing information is available upon request from Edgewater Development.
Baraud Development introduces: Lotus at Canal Point, a zen inspired intimate community of only 20 luxury townhouses, with prices from CI$895,000; and TWENTY40, modern 3-bed/2.5 bath townhouses in Governor’s Harbour with dock access, private driveways, and carports. Pricing starts at CI$625,000 pre construction.
Further west is the ongoing development of an area that has come to be called the North West Point Corridor. Serrana is an upcoming ultra-modern, low-density development with only 18 residences, each with panoramic ocean views. Prices start from CI$3 million.
SeaDreams, a luxurious 8-unit, 4-storey oceanfront boutique complex will also be located on North West Point Road. With 4 storeys and only 2-units per floor, residents will enjoy large living spaces and fantastic amenities including a pool and BBQ area. Units start at just over US$1 million.
Heritage Holdings Development is pleased to introduce Grand Cayman's newest real estate opportunity. With 2/3 + Den, and 4 bedroom configurations, life is better at Salt Air Townhomes, offering all the essential elements of a vibrant residential gated community in one beautifully landscaped space. Immerse yourself in a colourful and active island lifestyle that includes cycling, kayaking, horseback riding, kite-surfing and so much more. Live better at Your Quiet Suburban Oasis in ‘The Shores’.
Moving inland, you’ll find The Meadows at Batabano, developed by Edgewater Development, which redefines Island living, combining old Caymanian design elements with modern functionality and facilities. Choose between 1- and 3-bedroom units.
OLEA, which broke ground in early 2019, is Camana Bay’s first for-sale residential development, made up of an assortment of condominiums, townhouses and duplexes, located to the south of Camana Bay’s Town Centre. Major features of this amenity-rich waterfront neighbourhood include the Island’s first lazy river, a resort-style pool, a waterfront boardwalk, beautifully landscaped common areas, a yoga garden and a fully equipped gym.
Coming online in 2022 is Kapok, a 10-storey, for-lease residential building located towards the north end of the Town Centre on Bismarckia Way, close to Foster’s supermarket. With 89 residences ranging from 550-square-foot studios to 1,698-square-foot, three-bedroom units, Kapok features a modern design, indigenous landscaping, large windows, balconies and terraces, and is built to Fitwel® building certification standards to improve occupant health and productivity.
There has been a renewed interest in the George Town area by developers of recent years and presently there are several projects underway. The Bentley is a conveniently located, fully gated community, comprising of 2- and 3-bedroom units that start from CI$512,000.
Catalina Bay presents a unique opportunity for ocean-front living adjacent to the existing Barcadere Marina. Residents will enjoy 800 ft of sea frontage, and a 170 ft freeform pool. 3 bedroom units start from US$1.7 million.
On the George Town waterfront sits FIN, a 36-unit residential development that boasts a private beach, salt water lagoon, elevated glass-bottom pool and five-star services and amenities. Pricing starts at US$2.3 million.
On the cusp of George Town and the Seven Mile Beach area is Kailani, Cayman’s first luxury wellness and business boutique hotel, developed by NCB group in partnership with the Curio Collection by Hilton™. Investors will have access to their suite for two weeks per year for their own personal use. Kailani's 1-3 bed suites range from US$575,000 to US$5 million.
The South Sound area shows no signs of slowing down. Davenport Development introduces Bahia where residents can enjoy amenities typical of a high-end resort:
boasting open roof terraces, an Olympic training pool and 200m ‘resort’ pool, tennis courts and yoga studio, a clubhouse and full-time, on-site property manager. Units are priced between US$580,000 and US$1million.
South Bay Residences by Palmyra Developments offer spacious waterfront living, fitted with luxury amenities in a lush, landscaped setting.
Indigo Bay, located in eastern South Sound, is a luxury development comprising of 29 oceanview villas. Communal amenities include private dock and gazebo, pet-friendly Indigo Park, roof top patios, jacuzzi and on-site, multi-purpose community centre. Pricing is between US$890,000 and US$1million.
Starting at US$689,000, Privé by Baraud Development comprises of 36 townhouses and 16 homes nestled within a 6-acre South Sound site. Amenities include an on-site water park. Nearby, The South Sound Collection is carefully designed to allow for decadent exclusivity in the heart of South Sound. Choose from 4-bed/5-bath townhouses which each benefit from private rooftop terraces and unobstructed waterfront views.
Neighbouring South Sound in Grand Harbour is Allure, which will hug the coastline and offer unimpeded views of the North Sound for sophisticated Island living at its best. Featuring 2- and 3-bedroom luxury condos and a wide range of amenities, pricing starts from US$870,000.
Arvia will be a single-phase development, located on the Grand Harbour Canal, comprising of 96 condos, and interestingly the first approved aerial subdivision on-Island. The condos will be clustered around a small, marina-like set of docks, ensuring each home has a view of the waterway. The units will range in price from US$606,353 to US$834,486.
In the Red Bay area, is Paraiso, built by Smith Development. This exclusive, residential community located on the serene banks of the North Sound offers indoor/outdoor living. All 12 units boast their own boat dock, large private patio area, green space and individual plunge pool. Pricing starts at US$1 million.
Looking towards the Island’s Eastern districts, you’ll find Silver Reef, a private beachfront development in North Side boasting several resort-style amenities, including a yoga platform, zen garden, 40’ heated oceanfront saltwater pool and more, priced from CI$870,000. Then, Ocean Vista offers 2- and 3-bed units with modern finishes, a mile away from Health City, starting at CI$300,000.