With the real estate market being so strong, and current inventory being in short supply, it is no surprise that developers are taking this opportunity to replenish the marketplace. As always, Seven Mile Beach is thriving.
Seven Mile Beach
On the cusp of SMB is the new Curio Collection by Hilton. The 80-room boutique hotel is scheduled to open in 2021 and is marketed as a wellness hotel, with a focus on healthy living.
Off Seven Mile Beach is Plymouth at Clipper Bay, a gated community which infuses modern urban living with Mediterranean design. There are only 22 units, and tenants will enjoy a gym, Olympic length pool, communal barbecue area and beautifully landscaped gardens.
SeaDreams, a luxurious 8-unit, 4-storey oceanfront boutique complex will be located on North West Point Road, and units start at just over US$1,000,000.
There is also Diamond’s Edge, a new exclusive oceanfront gated community development located on the North Sound with unparalleled views and direct boating access via an owner’s private channel. It offers a serene and private oasis replete with lush landscaping, finished seawalls and high-end cantilevered docks. Estate lots are construction ready, no pilings required and are minutes from the North South Golf Club. Underground utilities, extensive streetscaping with custom lighting make this luxury community a truly rare and distinctive place to call home. Visit https://www.diamondsedge.ky for more information.
Seconds from the beach, 61 West offers contemporary style living in a prime location. Heritage Holdings Development's latest offering comprises of 1 and 2 bedroom units from CI$255,000. With an open plan layout and luxury appliances, these units are ideal for young professionals and families. Communal amenities include a pool and patio area with general use BBQ and ample parking. Visit https://61west.ky for more information.
Nautica Marina Residences presents a whole new concept in oceanfront living offering 2, 3, and 4 bedroom condominiums built around a state of the art marina for boating enthusiasts who want the highest standard of living along with unobstructed views and the ease of access provided by the owner’s channel cut directly to the North Sound. With fitness trails, boardwalks and a clubhouse all within walking distance of the North Sound Golf Club, this development offers a private, secure and upscale lifestyle. Visit https://nauticamarinaresidences.ky for more information.
Another is ONE Canal Point. With 73 units in total, ONE offers residents a carefully considered selection of 1, 2 and 3 bedrooms plus den condominiums and townhomes. World-class amenities include a dog park, community fruit tree orchard, children’s playground, communal roof terrace and 25m lap pool. Prices start at US$600,000 up to just under the US$2 million mark.
Dart Real Estate and NCB Group broke ground on Camana Bay’s first for-sale residential development, OLEA, in early 2019. Amenities will include beautifully landscaped common areas, a resort-style pool and a fully equipped gym, and property options will range from 1 bedroom condos to 4 bedroom townhouses. Phase 1A is slated for completion in August 2020, and Phase 1B in November 2020. Visit https://www.camanabay.com/grand-cayman-living-and-working/residential/olea for more information.
The South Sound area shows no signs of slowing down. The recently completed Tides embodies oceanfront luxury and is an indication of the standard for which developments on-Island are being held to.
Davenport Development introduces Bahia, which promises to blur the lines between vacation and ‘real life’ on the shores of South Sound with residents and owners enjoying amenities typical of a high-end resort. Scheduled to break ground in 2020, Bahia boasts open roof terraces, an Olympic training pool and 200m ‘resort’ pool, tennis courts and yoga studio, a clubhouse perfect for entertaining and full-time on-site property manager. Best of all, units are priced between CI$475,000 and CI$850,000, making luxury affordable. Visit https://www.davenport.ky/bahia for more information.
Vela has broken ground on Phase III and only a few 3-bed units remain on the market for CI$715,000. Phase III owners enjoy all the amenities granted to Phase I and II, including two fully serviced gyms, a clubhouse and function room, yoga room, tennis courts, Olympic sized swimming pool and the security of a gated community.
Indigo Bay, located in eastern South Sound, is an upcoming luxury development comprising 29 ocean-view villas. With panoramic views of the Caribbean Sea from sunrise to sunset, each home is designed to seamlessly blend indoor and outdoor living. The two- and three-bedroom villas feature clean, simple lines and bright, airy interiors throughout. With floor-to-ceiling glass on the sea-facing side, and skylights and internal transom windows, there is always natural light flowing through the space. Communal amenities include private dock and gazebo, pet-friendly Indigo Park, roof top patios with outdoor kitchen, jacuzzi and shade structures, on-site multi-purpose community centre and storage lockers for paddle boards and kayaks. Only three-bedroom units remain in Phase I, starting price US$1,549,000. Visit https://www.indigobay.ky for more information
This is also true in the Grand Harbour area, with a number of new residential developments already underway. Allure, which will hug the coastline and offer unimpeded views of the North South, is sophisticated Island living at its best. Featuring 2 and 3-bedroom luxury condos and a wide range of amenities. Prices start at US$488,000.
Arvia will be a single-phase development, located on the Grand Harbour Canal, comprising of 96 condos, and interestingly the first approved aerial subdivision on-Island. The condos will be clustered around a small marina-like set of docks, ensuring each home has a view of the waterway. Amenities include a 50-metre pool, a tennis court, gym and yoga facilities, and all the benefits of waterfront living including dock space. The units will range in price from US$606,353 to US$834,486.
Paraiso, located at the end of Lords Way, will consist of 12 luxury canal front townhomes. Each unit will have their own boat dock, large private patio area and the option for an individual plunge pool.
Harbour Walk, located next to the Shoppes at Grand Harbour, is an exciting new multi-purpose destination location which will feature retail, office and residential space. Residents of Harbour Walk will enjoy exclusive use of the 1,000ft jogging track, open-air workout area, yoga platform, infinity edged swimming pool and roof-top cabanas.
Periwinkle is a new housing development that combines all the fantastic attributes of living in Cayman, with the principles of new urbanism. Located close to Grand Harbour and only a short drive away from George Town and Seven Mile Beach, homeowners benefit from a private dock with direct access to the North Sound, communal BBQ and green spaces, a children's 'wetzone' and play area, a farm to table delivery service and the security of a gated community. Periwinkle's outstanding amenities combined with beautiful architecture and interior design make this a highly sought after neighbourhood. Visit http://periwinkle.ky for more information.