Caribbean MLSReal Estate

3 bedroom property for sale — Laguna Del Mar Penthouse in the Cayman Islands

Available on request

The brief

The reason to consider it.

Today, this turnkey penthouse is fully equipped for immediate enjoyment as well as investment, as this complex is under an existing renovation proposal. Its prime beachfront location makes it exceptionally attractive for short-term vacation rentals, delivering strong occupancy rates in one of the Caribbean’s most sought after destinations.

However, this is far more than a beautiful beachfront condo. It presents a rare investment opportunity on Seven Mile Beach with very significant built-in appreciation. A reputable international developer that already has a footprint on Seven Mile Beach has begun the early stages of redeveloping this premier property on the basis of creating an ultra high end property. Please inquire for more information. Price will increase as the project advances.

Last confirmed

Year built
1989
Type
Penthouse
Land
Available on request

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