Cayman's real estate market may have cooled slightly in 2025, just as it did in 2024, but local real estate still remains in its own pocket, immune to global influences, save local bank interest rates which do fall foul of similar rates overseas. In late 2025, the rates did drop a little, but mortgages are still expensive. However, it is no surprise that developers are still forging ahead with projects in anticipation of things warming up again. Here's a snapshot of what's almost here or coming soon in terms of property developments.
Seven Mile Beach
Just about finished is the 10-storey Grand Hyatt Residences located on Pageant Beach, George Town, just on the cusp of where Seven Mile Beach begins. The 351-room hotel contains 167 residential units and amenities include five on-site restaurants, an ocean lagoon and a world-class spa and fitness facility. Studios and 1 to 3-bed units are priced upwards of US$900,000 to as much as US$10 million
The Watermark, a prestigious new arrival to the north end of SMB, is just about finished and will provide residents of the 54-unit development with seven-star resort-style amenities and white-glove services that are beyond what any other property has ever offered in Cayman. Condos are currently selling for US$11-$38.5 million.
Lacovia, which is under construction and already dominating the Seven Mile Beach landscape, will be a three-tower, multi-storey, contemporary development comprising of 3 to 5-bed units, all outfitted with luxury appliances and bespoke finishes.
Aqua Bay, will be located in the northern part of SMB will be situated on a 90ft wide beachfront with a waterfall edge pool, a private beach, BBQ areas for al fresco dining, a fitness centre, oceanfront lounge and games room, and on-site undercover parking for each villa.
Recently announced is Hyatt Centric, a 275-room mixed use building. The half overlooking West Bay Road and Camana Bay will be hotel rooms operated by Hyatt, whilst the half overlooking the ocean will be residences with studios, 1 and 2-bed units, all with total access to the beach where Sunset Cove is currently located.
Seven Mile Beach Corridor
Prisma, in Crystal Harbour, will be a 10-story building offering 58 apartments, 20 townhouses, five duplexes, a restaurant, a two-storey parking garage and 20 pools over 7.5 acres.
The Landmark Square, located on Earth Close, will offer 20 residences from 1-bed plus den to penthouses with private terraces, a communal rooftop, a gym, covered parking and more.
Nearby, Lumiere at Clipper Bay, a family-focused gated community will be well located for those working at Camana Bay. It’s being designed with an emphasis on natural light, simple architectural lines, and high-quality finishes.
The Grove Too, which is set for completion in late 2025, offers investment opportunities for commercial retail and upmarket residences on the northern end of Seven Mile Beach.
West Bay
West Bay North
Blue Palms has eight 3 to 4-bed townhomes with rooftop terraces, there is one currently listed for CI$1.3m. The Sands is located near Centennial Towers in West Bay and has six waterfront residences consisting of only two units per floor, starting at US$3.6 million.
Just about finished is Serrana, which is an ultra-modern, low-density development. Each of the 18 units has panoramic ocean views and prices starting from CI$3.2m.
Oceans 9 is now finished and is an incredibly impressive newly built community of nine detached 4-bed oceanfront homes within a gated community.
Just finished construction is Point West is a property developed by the same developers as ONE Canal Point. It features 32 oceanfront units with luxury amenities and will cost upwards of US$1.85 million for a 3-bed, though there are other configurations available.
Also newly built in the North West Point area near Macabuca is Sunset Point, which is nestled on almost 3.5 acres. With over 460 feet of stunning waterfront, this new development offers a variety of units from CI$635k for a 1-bed to a 3-bed end unit at CI$1.45m.
Annie’s Retreat Villas, set to be a more modestly priced, boutique, private residential complex located off Northwest Point Road, is a gated development designed with only 10 villas with prices from CI$389k.
Off Sonny Powery’s Drive, you will find Secret Beach, a refuge of tranquil luxury in a walled garden on one of the most beautiful pocket beaches in West Bay.
Finally, there's Dolphin Point Club, a new eco-friendly luxury development that consists of 42 open-plan residences which range from 1-bed units to 4-bed villas. All units are either west or south-west facing, providing residents with a gorgeous sunset view every evening. Other amenities tip the luxury scale, as you would expect. The property still has units available as of January 2026, with prices starting at US$2.4 million.
West Bay Central & East
Centrally located Arze is where residents enjoy access to resort-style amenities including an infinity pool, state-of-the-art fitness centre, private beach access, and lush landscaped grounds. Recently finished, a 1-bed unit is priced at $385k and 2-beds start at around CI$500k.
Nearby, by the same developer, the 16 new, 2-bed open-plan living units at upcoming Saje boast amenities such as a private rooftop oasis complete with mini garden, wood-style decking, design wall, 35 ft swimming pool, and a perfectly fitting, optional lounge. Prices start at CI$575k.
Out east towards the North Sound, Sandpiper Villas, which is scheduled for completion in mid to late 2026, is located within the gated Shores community featuring lake views and premium amenities. Designed with sustainability in mind, the villas include energy-efficient systems, solar provisions, EV charging and hurricane-rated safety features.
Sea Mist, comprises of 32 1-bed units and is positioned across four apartment blocks at high elevation, and has low strata fees. Units are listed at around the CI$420k mark.
Featuring a mix of townhomes and condominiums, La Paidion has a modern urban design and is located near the Shores. Each of the townhomes has their own roof-deck, balcony on each floor, and a stunning view of the North Sound from the master bedroom. The grounds have green spaces, a clubhouse, fitness centre, pool and a roof-deck patio ideal for dining, socialising or a private party. A 3-bed unit is currently around $900k at the time of writing.
Recommended Realtors
When buying a property, it’s more productive to work with one real estate agent. The Islands’ largest MLS is run by CIREBA and it ensures the best market coverage to view every property on all three islands. A seller will list their property with a specific agent. That agent then enters the details into the CIREBA MLS, which is accessible to all CIREBA agents. The agent you are comfortable working with will show you all the listings, regardless of the listing source, so there is no need for you to reach out to different offices. However, you are not limited to only working with CIREBA agents.
You can also work with a CIRO or independent agent. If you are a buyer, you do not pay for the services of a realtor, they receive their commission from the seller with whom they have a Listing Agreement.
Camana Bay
OLEA is located to the south of Camana Bay’s town centre. It defines the amenity-rich waterfront neighbourhood.
Kapok, a 10-storey, for-lease residential building located towards the north end of the Town Centre on Bismarckia Way, close to Foster’s supermarket, has 89 residences ranging from 561sq ft studios to 1,679sq ft, 3-bed units.
The Terraces offers residents the ‘work, live and play’ dream. Wit h direct access to all of Camana Bay’s renowned amenities, The Terraces offer modern 1 and 2-bed apartments.
George Town
The newest development downtown is ONE | GT, all but finished as of December 2025, and at a cost of CI$120 million, comprising of 95 hotel suites and 82 private residences. Prices start at CI$709k for units on the 4th floor to CI$4.3m on its terrace. ONE | GT will offer restaurants, bars, a 10th floor infinity pool, storage units and parking for residents. You can learn some more about ONE | GT here.
FIN, which is also on the outskirts of George Town on South Church Street, is a relatively new, high-end condominium complex. It is an Art Deco-inspired, ultra-luxury residential development featuring 36 bespoke oceanfront residences with lavish amenities like a salt-water lagoon, elevated glass-bottom pool, private beach, concierge services, on-site spa, fitness centre, luxury car and boat services, and more. Prices are upward of CI$2million if they become available.
A new addition to George Town is Urban Flats, the perfect residence for professionals, and in walking distance to the central business district. Catalina Bay presents a unique opportunity for oceanfront living adjacent to the airport and The Barcadere Marina. Residents will enjoy 800ft of sea frontage and a 170ft freeform pool. Two bedroom units start from US$1.6 million.
RIA, an example of contemporary living brought to life, is a gated community with a mix of 42 condos and apartments located off Linford Pierson Highway. Expected to be completed in 2025, it is a three-phase development with one-bedroom apartments or two and three-bedroom condos, with prices ranging from CI$395,000 to CI$725,000.
Downtown Reach built in 2021 is the epitome of functional urban living that’s all about the convenient location. It has 52 units with a shared pool and a gym.
Nearby and similarly built for convenience is Yarl, now in its third phase of construction, offering a pool, pickleball court and a gym too.
Finally, in the same area is new edition Urbana, a gated community slated to be finished in 2027 with comparable amenities to its neighbours. Multiple units and configurations are already for sale from CI$430k-750k.
South Sound
Aerial view of Bahia.
The area remains a developer's dream, as well as a prime area for grand homes, where the appeal is in the proximity to everything. Behind the established gated community of Bahia and now under construction is Privé by Baraud Development. It comprises of 36 townhouses and 16 villas nestled within a six-acre South Sound site.
Nearby, Q, overlooking the boardwalk, is following suit with a total of 22 new 2-bed townhouses. Condominium mini tower, The South Sound Collection, is carefully designed to allow for decadent exclusivity in the heart of South Sound with just a few oversized units making up the complex.
Karma (slated for 2026) is an exclusive 8-unit development with open layouts and uninterrupted Caribbean Sea views. Residents will enjoy premium amenities including a rooftop terrace, pool, gated access, carports, and storage.
Other than these, luxury complexes such as Tides, Vela and San Sebastian dominate the landscape and are snapped up by investors, executives and young families whenever units become available.
Grand Harbour & Tropical Gardens
Arvia is a gated canal-front complex with docks, and is the epitome of modern condo living. It offers luxurious amenities for its residents as Grand Harbour shops and restaurants are seconds away. Prices start at around CI$1 million for a 3-bed or CI$755k for a 2-bed.
Aura, is a modern oceanfront four-storey building featuring elevators, a 60ft in diameter circular pool, 75ft lap pool, gym, 120ft private dock, outdoor BBQ and kids play area. Unit sale prices start at around CI$1 million.
Close by in the same price range, with more square footage and less of a view is Grand Palmyra. The complex provides residents access to a shared pool, garden and seating area. It is also a short walk to the Harbour Walk Plaza.
Harbour Walk Residences offers the high standard of contemporary design and amenities one would expect in Cayman's 'suburbs'. European-style suites range upward from 1-bed and come in six different styles. Residents can enjoy all the extensive retail, leisure, fitness and wellness facilities that Harbour Walk has to offer.
Allure comes with water views, hugs the coastline and features 2 and 3-bed luxury condos and a wide range of amenities for around the CI$750k mark.
Indigo Bay (phase two) pre-construction contracts are being sold at this luxury development located just past Grand Harbour. A few existing units are also available at just shy of CI$1.4 million for a 3-bed.
Prospect & Red Bay
The Channels offer canalfront living if you are brave enough to navigate the perilous world of building your own home. Parcels start at CI$400k.
Paraiso phase two's townhomes start at CI$1.08m and will have 2,550sq ft of luxury living space with 3 bedrooms, 3.5 bathrooms, a den, 30ft private boat dock, pool and ample green space. Construction started in 2025.
Jaz, located on Poindexter Road, will be a contemporary-design, 31-unit development, and is slated to start construction in 2026 with 2 and 3-bed homes from CI$585k.
The Landing has straightforward 2-bed plus den townhomes starting at CI$435k.
Further east, The Residences at Mandarin Oriental, which will be constructed in Beach Bay now that the very drawn-out planning process is complete, will feature 67 acres of coastal gardens linked by nature trails and 700 feet of pristine white sand beach. It will sit atop one of the highest elevations in Grand Cayman, also known as St. James Point. Each of the 89 residences will have panoramic views of the ocean due to the expansive terraces that blend indoor and outdoor living. Residents will enjoy amenities such as in-residence dining services, a racquet club with tennis and pickleball, multiple adult and family pools and a wellness and yoga centre. Pre-construction started in July 2025 with pricing starting upwards of US$6million. Residents can expect the same impeccable service found at Mandarin Oriental properties worldwide.
Savannah to the Eastern Districts
Savannah and Lower Valley
With George Town land at a premium, more and more 2-bed townhome developments are appearing further east.
Euphoria has 2-bed units available as of July 2025 at around CI$450k.
Lavania Court is a new 12-townhome development with pricing around CI$499k and up.
Sunrise Landing at the northern tip of Hirst Road will have 42 units and is set to be completed in 2025 with prices starting at CI$485k. The units will have a private balcony, private ground floor terrace, a communal cabana with an outdoor BBQ station, pool, fully equipped gym and plans for a visitors’ boat dock.
Woodcrest will have 10 cozy units each one a 2-bed. Prices are currently at CI$439k and there are several available.
Bodden Town, East End and North Side
The Silver Reef Residences are available with pricing from CI$795k.
Beach Groves is a proposed sustainable project in Bodden Town that aligns with Leadership in Energy and Environmental Design (LEED) principles. Beach Groves will be in the vicinity of a wildlife sanctuary and prices based on availability start at US$1.6 million. Up on North Side, near the newly built basketball and beach volleyball courts, is a small oceanfront complex called Long Point View, with 2-bed units at CI$670k.
Photographs courtesy of CIREBA. You can learn about many of the properties listed on this page by viewing them on the CIREBA MLS. You can search CIREBA for properties for sale here.
If you are a developer and have a project that we can list on this page or that we have not mentioned, please email james@acorn.ky.
