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CIREBA MLS LDX feed courtesy of INTERNATIONAL REALTY GROUP

SILVER REEF OCEAN FRONT CONDO

(Eastern Districts of Grand Cayman, Cayman Islands)
CI$874,000
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,160 Sq. Ft.
MLS# 415580

Rest, relaxation and a healthy return on investment, that's what you can expect from Silver Reef Residences. Silver Reef is a private beachfront enclave that of...

Property Description

Rest, relaxation and a healthy return on investment, that's what you can expect from Silver Reef Residences. Silver Reef is a private beachfront enclave that offers owners and their guests a retreat from the stresses and strains of everyday life; as a short-term retreat, vacation rental or a longer-term place to stay. Silver Reef is under development on a fabulous, elevated, beachfront parcel on Grand Cayman’s picturesque North East Coast. The development comprises of 12 stylish two-bedroom residences that draw influence from contemporary European design, with accents of Balinese beach architecture complemented by lush landscaping and stunning views. Each unit will be fitted out to a high standard with quartz countertops, stainless steel appliances, and Grohe & Kohler accessories. Available as Garden or Rooftop units, all floors enjoy remarkable elevated views across the azure blues of Cayman’s beautiful North East coast. Elevate the experience still further through privacy afforded by the oversized rooftop terraces, upgradable with a bar or open kitchen, personalised to suit. Alternatively, ground floor residences each offer an elevated patio and a private tropical garden. Create your own personal Eden in this beautiful secluded enclave. Ground floor Garden strata unit, including gardens, range from 2,114 – 3,058 Sq Ft. and Second Floor with Rooftop strata units are 2,320 Sq.Ft. each. Silver Reef also offers a number of resort-style amenities, designed to enhance the owners’ and guests’ experiences including a 40’ heated oceanfront saltwater pool, micro-spa with treatment rooms, a small gym, a yoga platform, zen garden, direct beach access and a guest reception/management office. Silver Reef not only represents an investment in wellbeing, but it also offers a healthy return on investment. The idyllic setting and resort-style design of the property make it the perfect short-term rental investment or vacation rental. Projections for short-term rentals show returns in the region of 8% and above per annum should be achievable. Unit 11 includes a private garden of 1572 Sq.Ft. for a total Strata unit area of 2732 SQFT

Key Features

Property Type:Residential
Listing Type:Condominium
Property Status:Current
Year Built:2023
Address:Eastern Districts of Grand Cayman
Views:Beach Front, Water Front
Block:57A
Parcel:112UNIT11A
Foundation:Slab
Furnished:Partially
Floor Level:2
Sea Frontage:320
Pool:Yes

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Down Payment Required $174,800.00
Mortgage Principal $699,200.00
Monthly Payment $3,753.00
Still Owing at End of Term $0.00

*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).

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