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Property Detail

Ritz-Carlton Ground Floor Beach Front (pip) Residence

For Sale West Bay, Cayman Islands
US$6,500,000 MLS# 415255
  • 3
  • 3
  • 3050
  • 2005

Description:

One of only 2 ground-floor residences in the Ritz-Carlton, Grand Cayman, Reserve Program, Residence #116 is the most private and exclusive 3 bedroom, 3 bath, beachfront residence at this world-class property. What does it mean to be in the Reserve Program? The Reserve Program is a rental pool of only 24 units comprised of the first three floors of the North Tower of this development. This rental pool and the 24 units are all maintained, managed, marketed, and utilised by The Ritz-Carlton, allowing owners carefree ownership and ever-increasing triple-net return.* As the owner of Residence #116, you will be welcomed into a grand foyer leading to the expansive great room with breathtaking views of your beachfront paradise. A chef’s kitchen satisfies even the most discerning culinary critic. You and your guests will enjoy three primary-sized rooms with adjoining ensuites and private and direct, beachfront access to Seven Mile Beach. Two of the bedrooms and the main living room are sitting mere steps away – if you reach far enough you may be able to make a sandcastle from your covered patio! This triple net return Residence comes with all the amenities of this 5-Star property including your concierge, bellmen, and services provided by the Ladies and Gentlemen of the Ritz-Carlton. Two Golf Course Memberships to Blue Tip Golf Course, designed by Greg Norman, La Prairie Spa, fabulous gym, The Ambassadors of the Environment Kid's Club, two Resort pools, exciting children's splash park, and dining options that are arguably the best in the Caribbean. Residence #116 is the perfect investment for a family or investor wanting to enjoy the capital appreciation of a Cayman Island residence, with all the benefits of one of the most well-run rental programs in the travel industry. *Please note that in the information data, the income is noted as Gross Income. The words Gross Income are a hard entry and cannot be edited to the Triple Net Income that this figure represents.

Property Details:

Property Type: Residential
Listing Type: Condominium
Property Status: Withdrawn
Address: West Bay
Views: Beach Front
Den: No
Block: 12C
Parcel: 451/3H1H8
Foundation: Slab
Garage: No
Stories/Building: 7
Den: No
Furnished: Yes
Number of Units: 46
Stories/Condo: 1
Gross Annual Income: US$ 190,000
Monthly Maintenance Cost: US$ 1
Floor Level: 1
Occupant: Short Term
Construction: Block
Class: Existing
Land Certificate: Not Issued
Possession: At Closing
Title: Leasehold
Sea Frontage: 600
Insurance Included in Maintenance: Yes
Sewage Included in Maintenance: Yes
Air Conditioning: MULTI-ZONE
Porch: Unscreened
TV: Yes
How Shown: By Appointment/List

Features:

  • City water
  • Fence
  • Tennis Courts
  • Washer/Dryer
  • Kitchen
  • Dining Area
  • Utility
  • Living Room
  • Refrigerator
  • Dishwasher
  • Microwave

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