For Sale

US$ 18,000,000

Description

Very rare development site with over 1,000 feet of pristine beachfront, high and dry, located on the quiet southern coastline.  This site has a considerable 450 feet of depth from the Caribbean Sea, all the way back to the road, allowing ample space for any type of development.  An offshore reef safely protects the beach and water area, keeping it tranquil and calm, so perfect for swimming, snorkeling, and watersports, or just casually walking along the water’s edge. For a large hotel/condominium development, as many as 865 bedrooms or 330 condominiums could be built.  Another option is to subdivide the site into 5 wide residential parcels of 215 feet each of beachfront, to sell or develop an enclave of ultra-exclusive private residences.  A third option would be to land bank this site to hold for capital appreciation, as more and more development heads further east and access to this area becomes faster and easier through a new road.  With the expansion of the East-West Arterial bypass highway now planned to access Frank Sound Road, which is just a few minutes away from this site, travel time to and from George Town will soon be minimal.  Consider the various options for this unique site.  These significant, all beachfront, development sites of this size and quality just don’t exist in Grand Cayman.

Features