LAGUNA DEL MAR PENTHOUSE

MLS #420894 | Seven Mile Beach, Cayman Islands

2,650
3
3

US$4,900,000

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CIREBA MLS LDX feed courtesy of CORCORAN CAYMAN ISLANDS

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US$ 21,043

About This Property

Today, this turnkey penthouse is fully equipped for immediate enjoyment but is also a very significant investment opportunity on Seven Mile Beach with substantial built-in appreciation. The purchaser will be able to participate in a complete redevelopment that has been approved by the strata ownership to create a signature ultra high end resort. The redevelopment plan, which is now well advanced following approval of the concept, is the work of a reputable international developer that already has a footprint on Seven Mile Beach. It provides for a substantial increase in the existing internal square footage of this unit while maintaining its wide oceanfront prospect on an upper floor as well as many other amenities consistent with the resort’s character. Meanwhile the unit’s prime beachfront location makes it exceptionally attractive for vacation rentals, delivering strong occupancy rates in one of the Caribbean’s most sought after destinations. Uniquely for properties of this kind on Seven Mile Beach, the redevelopment will facilitate continued use for rentals. Please inquire for more information including design plans and related details. Price will increase as the project advances.

Property Features

Property Type

Residential (Condominium)
Year Built

1989
Bedrooms

3
Bathrooms

3
Sqft

2,650 ft²
Block

12E
Parcel

77H19
Lot Size

0.00
Views

Beach Front, Water Front
Sea Frontage

400
Foundation

Slab
Floor Level

3
Furnished

Yes
Garage

1
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.

Mortgage Term(Years):

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Down Payment Required

US$ 980,000

Mortgage Principal

US$ 3,920,000

Monthly Payment

US$21,043

Still Owing at End of Term

US$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

+1 (345) 516-0079

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LAGUNA DEL MAR PENTHOUSE

Buyers Over US$4,900,000

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