Prospect and Red Bay, which are right next to each other, are two of the fastest growing areas in Grand Cayman. They are close to George Town, various schools and the Shoppes at Grand Harbour and Harbour Walk, which both have various stores, a school, restaurants, a pharmacy and a large supermarket, Hurley’s Marketplace. There are also two banks in the area, as well as the Department of Vehicle and Drivers Licensing, the Cayman Islands Sailing Club, King’s Sports Centre and Powerhouse Gym, the Prospect Playhouse and the Cayman Islands Brewery.
The district also has five schools, including Prospect Primary School, Red Bay Primary School (which are both Government schools), First Baptist Christian School, Montessori by the Sea and Hope Academy (which are private schools). Currently being built in the area is a large garden centre which will sell plants, ornamental fish and lots of accessories for the garden and pond. There is also an area with food trucks, a Burger King, a couple of jerk centres, roadside food stands, a Popeyes restaurant and a Tim Horton's drive-through.
A large commercial and residential project, still in the planning stages, will be situated to the south of the Cayman Islands Brewery. The commute to town from this area is relatively quick (10 minutes) outside of rush hour, but at the height of rush hour, it can take more than 50 minutes. There are lots of residential homes in this area with a mix of inland, canal front and oceanfront properties. Newer developments in the area include Grand Palmyra, Arvia, Periwinkle, Paraiso, Aura and Indigo Bay. Prospect Point Road is a sought-after oceanside neighbourhood, nestled along a winding street where longtime Cayman residents have established exclusive, multimillion-dollar homes in a serene community setting.
Also nearby is Patrick’s Island, a peaceful and charming canal-front community on the North Sound, with over 150 lots near George Town. Developed from the late 1980s through the 1990s, it grew in phases and remains highly desirable. After a long process, the neighbourhood has recently been gated, enhancing privacy and security for residents.