Conde Nast Readers Name Seven Mile Beach As One Of The Best In The World
It’s no surprise that our very own Seven Mile Beach has been acknowledged as being one of the best in the world, this time by the readers of Condé Nast Traveller.
The Conde Nast Readers’ Choice Awards Survey also named The Ritz Carlton, Grand Cayman as the top destination to stay in the Cayman Islands.
We can’t argue with the beauty of the Ritz and this award is certainly well deserved. That being said, for those who can’t afford to stay or invest in property at the Ritz, there are certainly many other more affordable options along Seven Mile Beach to capitalise on this buoyant market.
For example, here are two new listings on Seven Mile Beach listings under $1.5 million:
2 Bed | 2 Bath | Sq ft: 1,301
Listed at CI$1,230,000
2 Bed | 2 Bath | Sq ft: 1,250
Listed at US$1,150,000
Increased international recognition of Cayman as a top vacation destination is certainly driving up the cost of real estate particularly in areas such as Seven Mile Beach, South Sound and Rum Point.
We’ve seen a significant increase in pricing and sales activity along the Seven Mile Beach corridor in particular, with some properties nearly doubling in the last three years. Short term lets along this stretch are creating good returns and we still see the Seven Mile Beach corridor as one of Cayman’s strongest property investments.