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NEW CANAL FRONT DUPLEX INVESTMENT PROPERTY

MLS #415601 | Prospect / Newlands, Cayman Islands
  • 5,504
  • 8
  • 9
CI$2,640,000
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CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE
Mortgage Calculator
Mortgage Calculator lets you estimate your monthly mortgage payment input different prices, terms, interest rates, and down payments and see varying monthly loan amounts.
CI$ 11,338

About This Property

Sea Foam is a brand-new contemporary duplex, comprising of two 4 bedroom homes (joined by a common wall), nestled in an exclusive waterfront community in Red Bay, close to the Cayman Islands Sailing Club. Under construction and on track to be completed in June. Built to a high specification, with beautiful contemporary interiors and fully furnished with designer furniture, curated by the very talented Lydia Uzzell Designs. Each home has 4 large bedrooms with fitted closets, 4.5 bathrooms and each comprises of just under 2,800 sq. ft. of well-planned living space. Both homes have large screened-in porches and their own private fenced waterfront gardens and private swimming pools. There is a great shortage of new contemporary waterfront family homes for available rent, and this could present a fantastic investment opportunity. Current rental rates for similar properties are in the region of CI$6,000-CI$7,000 per month per side, giving a potential gross rental income of CI$144,000 – CI$168,000 per annum. An investor not only has the ability to generate an excellent rental income, but to benefit from capital appreciation as these waterfront homes gain value over time in this up-and-coming neighbourhood. Alternatively enjoying living in one home and renting out the other. Designed with the modern family in mind, each side of the duplex has a large open-plan well-appointed kitchen with lovely white cabinets, Quartz counter-tops and a huge breakfast island. The homes come with full stainless steel appliance packages and the open-plan dining areas and large living rooms both have canal views. The AC systems are split level high efficiency SEER 16s, and the homes have been wired for Cat 5 Internet and have powerful wifi boosters so your tenants can access the Internet from anywhere on the property, including from the boat dock. The 2 homes share a 40’ dock and your tenants can enjoy paddle-boarding and kayaking on this peaceful waterway which has easy access to the North Sound for boating, fishing, diving and visiting the restaurants at Grand Harbour, The GT Yacht Club, Camana Bay and Rum Point by boat. Located in a lovely neighbourhood just a couple of minutes from all the conveniences of Grand Harbour and Harbour Walk, including Hurley's supermarkets, shops, restaurants, Anytime Fitness, a yoga and spinning studio and a new bakery and coffee shop. Close to George Town and schools. This property is agent owned. Don't miss out on this potentially fantastic investment opportunity! PLEASE NOTE* The interior photos are taken from a similar property the developers recently built and are indicative of the type of furnishings that this property will come with.


Property Features

  • Property Type
    Multi-Unit (Duplex)
  • Year Built
    2023
  • Bedrooms
    8
  • Bathrooms
    9
  • Sqft
    5,504 ft2
  • Acres
    0.32
  • Block
    22D
  • Parcel
    401H1,H2,H3,H4
  • Lot Size
    0.32
  • Views
    Canal Front
  • Sea Frontage
    100
  • Foundation
    Slab
  • Furnished
    Yes
  • Pool
    Yes

Mortgage Calculator

Mortgage Calculator lets you estimate your monthly mortgage payment input different prices, terms, interest rates, and down payments and see varying monthly loan amounts.
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CI$ 528,000
Mortgage Principal
CI$ 2,112,000
Monthly Payment
CI$11,338
Still Owing at End of Term
CI$0

*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).
Debi Bergstrom
Debi Bergstrom
+1 (345) 516-0079

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NEW CANAL FRONT  DUPLEX INVESTMENT PROPERTY

NEW CANAL FRONT DUPLEX INVESTMENT PROPERTY

Buyers Over CI$2,640,000
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