Cayman Reef Resort Beachfront With Future Redevelopment
USD 2,800,000
3 Bedrooms
2 Bath
1,100 sq ft
Condominium
Escape with panoramic ocean views from the balcony of this converted 3 bedroom condo at Cayman Reef Resort. Renovated to increase living space and efficiency for rental, the main level has 2 bedrooms, one bath, kitchen, and living with a balcony overlooking Seven Mile Beach. The upper level has a loft/den that overlooks the living area and an additional bedroom and bathroom. Currently only rented as a 2bed, the condo sees roughly $125K gross income per year with frequent owner usage. Future bookings are already confirmed, so you can step in with instant income.
Cayman Reef Resort offers an elevated beachfront seating area with chaise lounges and umbrellas, and easy access to the ocean and beach. There is also a centrally located pool and tennis/pickleball court near the entrance of the complex. The condo has one assigned parking spot, and there is ample visitor parking for additional cars near the entrance as well. Camana Bay is only a few minutes' walk over the bypass bridge for shops, restaurants, fitness studios, and movie theater. Dozens of restaurants and more shops are all within a short walk.
More importantly! Cayman Reef Resort and Seagull will be combining to redevelop with a new design - already voted to move forward by the owners. Contact for more information on the future of the development and get in now before the price is sure to increase soon!
Location
West Bay
If you’re looking for a slice of authentic island life but still want to be close to the action, West Bay is a great option. With its beautiful beaches, meandering coastal road and maze of narrow streets, it has a quiet charm all of its own yet it’s within easy reach of Seven Mile Beach, Camana Bay and George Town. It also offers an eclectic mix of residential properties, from luxury oceanfront homes and apartments to quaint island cottages.
In many ways, West Bay offers the best of both worlds. Located at the northernmost point of the island and surrounded by ocean to the north, east and west, there’s a real sense of being away from it all. But thanks to the Esterley Tibbetts highway, it’s incredibly easy to access Seven Mile Beach, George Town and beyond.
There’s a wide range of residential properties available, from canal-side living at The Shores to seafront condos at the Boggy Sands Club, and a number of glorious beaches to explore, such as Cemetery Beach and Barkers National Park.
As for shopping, you’ll find all the essentials such as groceries, banking and gas within easy reach. And families are well catered for with three local schools — a government primary and a private primary and high school.
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West Bay Beach South
Cayman Reef Resort Beachfront With Future Redevelopment
