Caribbean MLSReal Estate

0.24 Acre Lot 6 for Sale, Ocean Walk, Spotts Newlands, Grand Cayman

Not published

The brief

The reason to consider it.

This 0.24-acre residential lot offers 10,530 square feet of prime building land within a secure, master-planned community, making it ideal for building a private home or developing an investment property in one of the island’s fastest-growing residential areas.

Ocean Walk is a mixed-use gated residential development with carefully designed amenities. The community features landscaped roadways, sidewalks, and walking trails for leisure and fitness, creating a peaceful neighborhood setting with modern infrastructure in place. The development’s master plan includes multi-unit residences, an on-site daycare, seasonal retail spaces, and a rotating food truck court. These planned amenities will add convenience and vibrancy to the community while maintaining its residential character. A natural pond on-site can serve as a fill source, reducing development costs for future construction.

With low-density residential zoning, a natural pond on-site that can serve as a fill source, and convenient access via the East/West Bypass, Lot 6 presents exceptional value for both homeowners and developers. With its secure setting, access to amenities, and location in a rapidly developing area, Lot 6 at Ocean Walk is an extremely attractive opportunity.

Last confirmed

Type
Land
Land
10,527 ft²
Zoning
low-density residential
Subdivision approved
Yes
Permitted uses
Single family, Tourism

What this listing includes

  • Gated community
  • On-site security
  • Garden
  • Ocean view

What people say about Cayman Islands

Sources agree that buying in Grand Cayman is tax-light but not cheap to live with.

  • Concern Cayman is among the most expensive places to live; imports and housing drive it
  • Positive No annual property, capital gains or inheritance tax; one-time stamp duty is the main purchase cost (7.5%, 10% above CI$2m from 2026)
  • Mixed Permanent residency by property needs CI$2m of developed real estate and is quota-limited; a cheaper 25-year certificate carries no right to work
  • Mixed Strata fees are a material carrying cost, higher on Seven Mile Beach

Read what people say, based on 9 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law