PALM COURT, FRANK SOUND

  • US$2,300,000
Midland East, Cayman Islands

PALM COURT, FRANK SOUND

Midland East, Cayman Islands
  • US$2,300,000

CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY

Overview

MLS#: 414463
  • Residential
  • Property Type
  • 4
  • Bedrooms
  • 4.5
  • Bathrooms
  • 2
  • Garages
  • 8662
  • Sq Ft
  • 1993
  • Year Built
  • Address Seaview Road
  • City Midland East
  • Area 75
  • Country Cayman Islands

Description

Palm Court is situated on a largely undeveloped section of Grand Cayman’s southeast coastline overlooking the Caribbean Sea with spectacular ocean views. The aptly named Sea View Road is home to a handful of luxury beachfront properties that offers its residents a neighbourhood full of beauty, charm, and serenity. Starting with its location Palm Court is a property full of promise and potential a site of over an acre with approximately one hundred and twenty feet of ocean front offering a mixture of soft white sand and Ironshore and the remnants of a boat dock. From road to sea the site has a depth of around three hundred and forty feet and offers a natural ridge with an elevation up to eight feet above sea level which is quite exceptional for a beachfront site in the Cayman Islands however of paramount importance to the value of this site is its Hotel/Tourism zoning. For sites zoned Hotel/Tourism the local code allows for the building of hotels with a density of sixty-five bedrooms per acre or for the building of apartments at twenty-five units per acre. An option that may be more in keeping with its surroundings would be to build a “Cottage Colony” and in this instance code allows ten units per acre if each unit has two bedrooms.

Palm Court currently consists of a substantial and extensive block built house that requires renovation to bring it back to its former glory but has the potential to provide truly spectacular living accommodation. There is also a two car garage associated with this property.
A wood frame traditional Cayman cottage proudly holds title to being the first structure built on site and has been renovated throughout to create a charming two bedroom property full of character.

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Details

Updated on May 22, 2022 at 9:59 pm
  • MLS#: 414463
  • Price: US$2,300,000
  • Property Size: 8662 Sq Ft
  • Bedrooms: 4
  • Bathrooms: 4.5
  • Garages: 2
  • Year Built: 1993
  • Property Type: Residential
  • Property Status: Pending/Conditional

Additional details

  • Views: Water Front
  • Lot Size: 1.0400
  • Sea Frontage: 147
  • Pool: Yes
  • Den: Yes
  • Foundation: Slab
  • Furnished: Partially
  • Zoning: Hotel/Tourism
  • Block: 59A
  • Parcel: 47

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