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CIREBA MLS LDX feed courtesy of THE AGENCY REAL ESTATE

PRIME OCEANFRONT DEVELOPMENT OPPORTUNITY - SUNSET BAY

(South Sound, Old Prospect Point & Spotts, Cayman Islands)
US$19,000,000
  • 708 Width
  • 641 Depth
  • 8.3 Acres
MLS# 417475

Presenting an Extraordinary Oceanfront Development Opportunity! This remarkable land parcel spans an expansive 8.3 acres, boasting an impressive 1,000 linear fe...

Property Description

Presenting an Extraordinary Oceanfront Development Opportunity! This remarkable land parcel spans an expansive 8.3 acres, boasting an impressive 1,000 linear feet of ocean frontage to the south, offering breathtaking views and vast potential for development. With 740 linear feet of road frontage onto both Prospect Point Road and Shamrock Road, accessibility is seamless, ensuring convenience for future residents and visitors alike. Zoned as Beach Resort/Residential, this property serves as a blank canvas for discerning developers. Whether envisioned as a luxurious retirement community, an exclusive resort destination, luxury apartments or a tranquil coastal retreat, this property provides an ideal foundation for a remarkable development. Equipped with a comprehensive conceptual design package and drawings for a retirement village, developers will have a valuable head start in meeting the growing demand for upscale retirement living (view concept package in the link above). Nestled amidst natural reefs, this parcel offers serene bay views to the west, creating a picturesque backdrop for relaxation and recreation. Residents can indulge in leisurely strolls along the sandy beach area near the western boundary, immersing themselves in the tranquility of coastal living. With its prime location, detailed conceptual design package, and unparalleled sunset views, this property is poised to capture the attention of investors and developers alike. Don't miss out on this exceptional opportunity—reach out to us today for more information and to unlock the potential of this remarkable investment. https://youtu.be/ml8ngktd9bc

Key Features

Property Type:Land
Listing Type:Beach Resort Residential
Property Status:New
Address:South Sound, Old Prospect Point & Spotts
Views:Beach Front
Block:25B
Parcel:664
Zoning:Beach Resort/Residential
Sea Frontage:900
Road Frontage:740

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Down Payment Required $3,800,000.00
Mortgage Principal $15,200,000.00
Monthly Payment $81,597.00
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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