The Cayman Islands Has a Major New Real Estate Project
By Alexander Britell
There’s a major new real estate project coming to Grand Cayman: and it’s being dubbed the most luxurious development in the history of the Cayman Islands.
This is the new $500 million WaterMark, a collection of 54 beachfront units set on Grand Cayman’s world-famous Seven Mile Beach.
The new project “will be far beyond any other property ever developed in the Cayman Islands and very likely the Caribbean,” listing broker Kim Lund tells Caribbean Journal, pointing to the combination of “cutting-edge design, ultra-premium quality, prestigious amenities and facilities and privacy.”
Indeed, the residences will range from a minimum of 3,900 square feet — with a starting price of $5.6 million — to 11,900 square feet for a penthouse, with the latter starting at $24 million.
That’s a pricing echelon unmatched for a development of this size in the Caribbean.
WaterMark will have a broad range of amenities, including 12 swimming pools; a spa; a fitness studio; a screening room; a library; an oceanfront conservatory with a chef’s kitchen; a fine-dining restaurant and even bespoke concierge service, among other offerings.
While the residences themselves will be right on the beach, several amenities will extend across Grand Cayman’s West Bay Road, including the spa, the eatery and a collection of guest suites for owners.
It’s yet another sign of the Cayman Islands’ growing position as a luxury real estate Mecca in the Caribbean, from its new Residences at Seafire (set at Kimpton’s first-ever Caribbean hotel) to the recently-launched Grand Hyatt Grand Cayman Residences.
Lund, owner-broker at RE/MAX Cayman Islands, told Caribbean Journal that the project is already at 65 percent sold after three months.
Construction is slated to launch in the spring of 2019.
For more, visit WaterMark.
— CJ
