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Royal palms estates development

3,198,000 CI$

Land with a Garden View at East End

About this property

Royal Palms Estates, a Frank Sound Sub-Division Development of 101 Acres - Complete Planning Approval for 243 Lots, all clearly demarcated in sub-division plan, ready to sell on lot plan.  Priced at US$6.00 per square foot generates a gross revenue return of US$19,331,040, "OVER 4 TIMES THE SALES PRICE!".  Roads demarcated throughout sub-division.  Developer has grown 200 Royal Palms and 200 Christmas Palms on site, included with the sale for decoration along the access roads, already in place.  Site also have maintenance building for storage of equipment during completion of any required works.  Very profitable opportunity in Cayman's expanding real estate market where there currently is a lack of inventory.  Recent new projects in the eastern districts will insure strong sales of lots; Mandarin Oriental Hotel has just signed on to new hotel in Beach Bay, further increasing interest in the eastern districts.  Priced to Sell!

Property Details

Acreage: 101View: with a Garden View

Mortgage Estimate

Property Price
Down Payment
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Neighbourhood

The East End and Frank Sound areas offer a combination of farming and residential areas. With a new development underway that will include a high-end village, hotel and golf course in the Frank Sound area, it is a great time to invest in what is undoubtedly going to become a fast growing community. These districts not only boast their own newly built school, but there is also the acclaimed Health City, Shetty Hospital close by. Great opportunities with land for sale at low prices, which will likely increase on completion of the Ironwood golf development.

Brimming with potential