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PRIME WEST BAY DEVELOPMENT OPPORTUNITY | 0.84 ACRES
(West Bay / North West Point, Cayman Islands)CI$840,000
- 4 Bedrooms
- 2 Bathrooms
- 1,408 Sq. Ft.
- 0.84 Acreage
MLS# 421256
An exceptional opportunity to acquire a substantial 0.84-acre development site in the highly sought-after district of West Bay in Grand Cayman. Comprising two adj...
Property Description
An exceptional opportunity to acquire a substantial 0.84-acre development site in the highly sought-after district of West Bay in Grand Cayman. Comprising two adjoining parcels of approximately 0.25 acres and 0.59 acres, this property offers a combined landholding of approximately 0.84 acres, presenting an attractive opportunity for a developer, investor or builder seeking their next residential project. The property is currently improved with an approximately 1,408 sq. ft. existing residence in need of substantial renovation, with the primary value of this offering centered on the land, location and redevelopment potential. With the potential to accommodate a new residential development of up to approximately seven apartment units, subject to Planning approval, zoning requirements and all applicable regulations, the site presents an excellent opportunity to transform an underutilized property into a modern residential development. DEVELOPMENT HIGHLIGHTS - * Approximately 0.84 acres combined * Two adjoining parcels: approximately 0.25 acres + 0.59 acres * Prime location within the established West Bay district * Existing approximately 1,408 sq. ft. residence * Strong redevelopment and new-construction potential * Potential for up to approximately 7 residential apartment units, subject to Planning approval * Opportunity to develop a purpose-built residential investment property * Suitable for developers, builders and long-term property investors * Significant landholding within one of Grand Cayman’s established residential districts A COMPELLING DEVELOPMENT OPPORTUNITY - The true strength of this offering lies in its combination of land size, location and development potential. Rather than acquiring an existing multi-family asset at a premium, a purchaser has the opportunity to secure a sizeable West Bay landholding and explore a purpose-designed residential development that maximizes the site's potential. The two-parcel configuration provides an excellent foundation from which a developer can evaluate the optimal site layout, unit mix, parking configuration, building footprint and overall development strategy. For an investor or developer seeking to create value through new construction, this property offers the opportunity to acquire, redevelop and reposition a substantial parcel of land in West Bay for its next chapter. Purchasers should undertake their own due diligence regarding permitted density, zoning, Planning requirements, infrastructure, utilities and all governmental approvals required for their proposed development. Serious developer and investor enquiries invited.
Key Features
Property Type:Residential
Listing Type:Single Family Home
Property Status:New
Year Built:1966
Address:Watercourse Road, West Bay / North West Point
Views:Inland
Block:1D
Parcel:191/480
Foundation:Slab
Zoning:Low Density residential
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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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