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(South Sound, Old Prospect Point & Spotts, Cayman Islands)
  • 8 Bedrooms
  • 9 Bathrooms
  • 5,504 Sq. Ft.
  • 0.3192 Acreage
MLS# 415601

Sea Foam is a brand-new contemporary duplex, comprising of two 4 bedroom homes (joined by a common wall), nestled in an exclusive waterfront community in Red Bay,...

Property Description

Sea Foam is a brand-new contemporary duplex, comprising of two 4 bedroom homes (joined by a common wall), nestled in an exclusive waterfront community in Red Bay, close to the Cayman Islands Sailing Club. Under construction and on track to be completed in June. Built to a high specification, with beautiful contemporary interiors and fully furnished with designer furniture, curated by the very talented Lydia Uzzell Designs. Each home has 4 large bedrooms with fitted closets, 4.5 bathrooms and each comprises of just under 2,800 sq. ft. of well-planned living space. Both homes have large screened-in porches and their own private fenced waterfront gardens and private swimming pools. There is a great shortage of new contemporary waterfront family homes for available rent, and this could present a fantastic investment opportunity. Current rental rates for similar properties are in the region of CI$6,000-CI$7,000 per month per side, giving a potential gross rental income of CI$144,000 – CI$168,000 per annum. An investor not only has the ability to generate an excellent rental income, but to benefit from capital appreciation as these waterfront homes gain value over time in this up-and-coming neighbourhood. Alternatively enjoying living in one home and renting out the other. Designed with the modern family in mind, each side of the duplex has a large open-plan well-appointed kitchen with lovely white cabinets, Quartz counter-tops and a huge breakfast island. The homes come with full stainless steel appliance packages and the open-plan dining areas and large living rooms both have canal views. The AC systems are split level high efficiency SEER 16s, and the homes have been wired for Cat 5 Internet and have powerful wifi boosters so your tenants can access the Internet from anywhere on the property, including from the boat dock. The 2 homes share a 40’ dock and your tenants can enjoy paddle-boarding and kayaking on this peaceful waterway which has easy access to the North Sound for boating, fishing, diving and visiting the restaurants at Grand Harbour, The GT Yacht Club, Camana Bay and Rum Point by boat. Located in a lovely neighbourhood just a couple of minutes from all the conveniences of Grand Harbour and Harbour Walk, including Hurley's supermarkets, shops, restaurants, Anytime Fitness, a yoga and spinning studio and a new bakery and coffee shop. Close to George Town and schools. This property is agent owned. Don't miss out on this potentially fantastic investment opportunity! PLEASE NOTE* The interior photos are taken from a similar property the developers recently built and are indicative of the type of furnishings that this property will come with.

Key Features

Property Type:Multi-Unit
Listing Type:Duplex
Property Status:Current
Year Built:2023
Address:Spinnaker Drive, South Sound, Old Prospect Point & Spotts
Views:Canal Front
Parcel:401H1, H2, H3, H4
Sea Frontage:100

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*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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