Multi-family Waterfront Beach Resort

Sell Current

CI$3,780,000

W Bay South Cayman Islands

Apartment Building / Condo BuildingMulti-Unit
MLS# 413876
8 Beds
11 Baths
5918 SqFt

5-unit complex all with ocean views looking back on Seven Mile Beach and the corridor all the way to George Town. Elevated at over 12 ½ feet MSL, the complex surrounds a stunning pool and deck area with steps down to the ocean with its own private, little cove. Tremendous investment opportunity.This complex has been completely renovated from top to bottom with modern kitchens, high-end tile floors, floating staircases, large windows bringing in lots of light and spectacular ocean views, patios off the living and bedroom areas and high ceilings. The bathrooms feature high-end tile throughout and modern cabinets and fixtures. The 1444 sq. ft. 2 BR residence has a large upstairs balcony and downstairs patio area and a chef’s kitchen with a huge wine fridge, expansive KitchenAid gas stove, custom cabinets and built-in, glassed display cabinets. Each and every one of the 5 residences has its own unique design, built and layout all with top-of-the-line materials.The residences are configured as follows: Unit 1 = 2b/3b; Unit 2 =  2b/3b; Unit 3A = 1 bed studio; 3B x  1 bed studio; 4 = 2b/3b. Property fully tenanted. Excellent location with spectacular views, and the opportunity to generate income out of the remaining spaces. Ample parking. All units have waterfront views from nearly all spaces. The property is permitted to add 5,000 sq. ft. by adding a third floor. This could either be a large private residence or could be divided into multi spaces, as the owners were contemplating further construction of the potential 5,000 sq. ft. they have taken steps to protect the second floor, in order to remove the roof, to add another floor. This is a tremendous opportunity to develop a beach resort or short-term rentals like Air BnB. Just off the pool area, there are steps leading down to the beach for access to the water.  Property may also be easily stratified.Sales price does not include any artwork, ornaments, or personal effects. 

Address

  • Block : 5B
  • Parcel : 183
  • Area : 183 W Bay South
  • Country : Cayman Islands
  • Latitude - Longitude : 19.370592493383423 -81.404912280108
  • Direction : Going West just past WB 4 way stop, then past WB Public Dock, house is on the left hand side

Property Detail: Updated on : May 22, 2022 6:01 am

  • MLS# : 413876
  • Bedrooms : 8
  • Bathrooms : 11
  • Property For : Sell
  • Property Status : Current
  • SquareFeet : 5918
  • Year Build : 1980
  • Acreage : .34
  • Views : W
  • Property Type : Apartment Building / Condo BuildingMulti-Unit

Other Features

  • Strata : 123456
  • Approx Water Frontage : 145
  • Stories : 2
  • Court Order : No
  • Forced Sale : No
  • Water Frontage : Yes
  • Stories Building : 2
  • Stories Condo : 2
  • Floor Level : 1
  • Number Of Units : 5
  • Furnished : Yes
  • Garage : No
  • Fence : Yes
  • Den : No
  • Living Room : Yes
  • Kitchen : Yes
  • Family Room : No
  • Dining Area : Yes
  • Breakfast : No
  • Pool : Yes
  • Covenant : No
  • City Water : Yes
  • Patio : Yes
  • Zoning : Beach Resort/Residential
  • Ac : Multi-Zone
  • Class : Existing
  • Construction : Block
  • Foundation : Slab
  • Frontage Road : CityMaintained
  • How Shown : By Appointment/List
  • Land Certificate : Not Issued
  • Occupant : Tenant
  • Oven Or Range : Gas
  • Dishwasher : Yes
  • Microwave : Yes
  • Refrigerator : Yes
  • Tennis : No
  • Monthly Maint Cost : 1
  • Monthly Maint Cost Curr : CI$
  • Insurance In Maint : No
  • Sewage In Maint : No
  • Monthly Insurance : 1
  • Monthly Insurance Curr : CI$
  • Monthly Sewage Curr : CI$
  • Annual Income : 196100
  • Annual Income Curr : CI$
  • Pets In Maint Cost : No
  • Pets Maint Cost Curr : CI$
  • Tv In Maint Cost : No
  • Tv Maint Cost Curr : CI$
  • Ac In Maint Cost : No
  • Ac Maint Cost Curr : CI$
  • Pool In Maint Cost : No
  • Pool Maint Cost Curr : CI$
  • Gardening In Maint Cost : No
  • Possession : At closing
  • Road Surface : Asphalt
  • Soil : Rock
  • Title : Freehold
  • Topography : Sloping
  • Trees : Partial
  • Car Port : No
  • Utility : Yes
  • Septic : Yes
  • Sewer : No
  • Well : No
  • Cistern : Yes
  • Disposal : No
  • Dock : No
  • Security Alarm : No
  • Elevator : No
  • Annual Operating Costs Curr : CI$
  • Media Room : No
  • Wine Room : No
  • Health Center : No
  • Gym : No
  • Hurricane Shutters : No
  • Storm Windows : No
  • Currency : CI$
  • Videos : Array

Listing Location

Video

Michael Binckes
Sales Associate

+1 (345) 945 2011

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