Palm Court, Frank Sound — Property Cayman | Real Estate Experts in the Cayman Islands
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Palm Court, Frank Sound

2,300,000 US$

House on the Water Front at East End

CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY

About this property

Palm Court is situated on a largely undeveloped section of Grand Cayman’s southeast coastline overlooking the Caribbean Sea with spectacular ocean views. The aptly named Sea View Road is home to a handful of luxury beachfront properties that offers its residents a neighbourhood full of beauty, charm, and serenity. Starting with its location Palm Court is a property full of promise and potential a site of over an acre with approximately one hundred and twenty feet of ocean front offering a mixture of soft white sand and Ironshore and the remnants of a boat dock. From road to sea the site has a depth of around three hundred and forty feet and offers a natural ridge with an elevation up to eight feet above sea level which is quite exceptional for a beachfront site in the Cayman Islands however of paramount importance to the value of this site is its Hotel/Tourism zoning. For sites zoned Hotel/Tourism the local code allows for the building of hotels with a density of sixty-five bedrooms per acre or for the building of apartments at twenty-five units per acre. An option that may be more in keeping with its surroundings would be to build a “Cottage Colony” and in this instance code allows ten units per acre if each unit has two bedrooms. Palm Court currently consists of a substantial and extensive block built house that requires renovation to bring it back to its former glory but has the potential to provide truly spectacular living accommodation. There is also a two car garage associated with this property. A wood frame traditional Cayman cottage proudly holds title to being the first structure built on site and has been renovated throughout to create a charming two bedroom property full of character.

Property Details

Bedrooms: 4Bathrooms: 4.5
Sqft: 8662View: Water Front
Acreage: 1.0400Outdoor Features: Garage: 2, Pool: 1

Mortgage Estimate

Neighbourhood

An opportunity to invest in Cayman’s next best. The East End and Frank Sound areas offer a combination of farming and residential areas and are up and coming markets to watch. Wide open spaces give way to wide entertainment options, with the Queen Elizabeth Botanical Park and the Blue Iguana sanctuary to name a few of those enriching the area’s parkland.

Further to the east is the sleepy town of East End; and with superb diving, fantastic views and equally impressive cuisine this is the idyllic island town of your dreams. These districts not only boast their own newly built school, but the acclaimed Health City, Shetty Hospital close by. A once in a lifetime opportunity, the market is just starting to climb in East End and Frank Sound. And with more new development on the horizon, the sun won’t be setting in this sleepy town anytime soon.

Be ahead of the curve coast.

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