About the development
We, at Milestone Properties Cayman are thrilled to announce the release of VELA III with an anticipated completion of late 2019. After a most impressive sell out of phases I & II, which is unprecedented in the Cayman Real Estate market - to sell out so quickly time after time! Scroll down for more details, and click on the links for each of the enlarged floor plans on offer.
The resort style amenities include, but are not limited to the following;
• Easy access to the shores of South Sound and the new Boardwalk
• Two fully equipped gyms with yoga room
• Clubhouse & function room with full kitchen available for residents
• Two lit tennis courts
• Walking path around the property
• On-site property manager
• Concierge services available
• 6.25 acres of sumptuous, professionally designed grounds
• Separate storage units available for rent
• Boat trailer parking area, public launch facility opposite
• Gated community with three tier security
Inspired by the Catboats of Cayman’s seafaring past, and a constellation of the Southern Sky, VELA (meaning Sail) is dynamic and modern in its styling.
Like a sail, these contemporary villas are designed to catch the cooling sea breeze, and characteristic of all Davenports developments there will be a strong emphasis on the outdoor environment with immense roof terraces and private patios over looking the luscious landscaping. Also true to form will be the structurally solid and energy efficient ICF building technology used in all Davenport Developments. As their projects are ever evolving in their concept and design, they have enlarged the floor plans and have incorporated even more energy saving technologies to be kinder to the environment, and to your pocket.
The high build specification and fit-out also includes;
• Ground floor slab in excess of 10’ AMSL
• Engineered metal frame structure with 5” poured concrete floors, including the roof
• Eurotech Impact Windows, also insulated with Low-E glass with 10 year warranty
• Italian Porcelain large format tiles
• Fully customiseable Kitchens (with Bosch Appliances) and Bathrooms
• Gas Range and Oven, plus energy saving Gas Washer/Dryer set
• Daikin Multi-zone A/C systems controlled by the automated NEST systems
• Smart wired with Cat 6 Cabling for Home Automation
• Each villa will be ‘Fibre Ready’ in all living areas
• Each villa will have electrical conduits installed ready for an external roof-top generator
• Owners will also have the ability to install rooftop solar panels for further energy efficiency
These villas will enjoy access to the private South Sound beach cabana, and all residents will benefit from the heavenly resort style comforts off a fully equipped gym, spectacular pool, tennis court, onsite property management and concierge services.
VELA III has very limited availability, with the 1 & 2 bedroom configurations being reserved by the developers as rental investment units, they will not be sold at this time.
For those people who reserve their home prior to the beginning of construction, stamp duty shall only be liable on the land value of the Raw Land Strata. Land Values - Three & Four Bed villa is CI$30,000. This will save the purchaser approximately CI$40,000 depending on the size of unit chosen. (Stamp Duty is 7.5% of the finished product's market value), thus qualifying for a mortgage should also be much easier.
Please click below for further details and floor plans on the;
Contact Milestone today for more details and to reserve at VELA III.
Due to the high volume in demand, a FULLY REFUNDABLE 10% DEPOSIT IS REQUIRED to secure your villa, stamp duty on the raw Land Strata payable to CI Government as the ground floor slab is poured, and then the balance is due on completion - anticipated to be late-2019/early 2020.
Read more about South Sound & Old Prospect Point