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CORCORAN CAYMAN ISLANDS
ResidentialCondominium
LAGUNA DEL MAR PENTHOUSE
W Bay Bch SouthMLS: 420894Current
US$4,900,000
Sq. Ft.
2,650
Sea Frontage
400 ft
About This Property
Today, this turnkey penthouse is fully equipped for immediate enjoyment but is also a
very significant investment opportunity on Seven Mile Beach with substantial built-in
appreciation. The purchaser will be able to participate in a complete redevelopment that
has been approved by the strata ownership to create a signature ultra high end resort.
The redevelopment plan, which is now well advanced following approval of the concept,
is the work of a reputable international developer that already has a footprint on Seven
Mile Beach. It provides for a substantial increase in the existing internal square footage
of this unit while maintaining its wide oceanfront prospect on an upper floor as well as
many other amenities consistent with the resort’s character.
Meanwhile the unit’s prime beachfront location makes it exceptionally attractive for
vacation rentals, delivering strong occupancy rates in one of the Caribbean’s most
sought after destinations. Uniquely for properties of this kind on Seven Mile Beach, the
redevelopment will facilitate continued use for rentals.
Please inquire for more information including design plans and related details.
Price will increase as the project advances.
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