Caribbean MLSReal Estate

Mahogany Palms, 2 Bed Condo for Sale in Cayman Islands

Not published

The brief

The reason to consider it.

This entry-level 2-bedroom, 2-bath home with a spacious den (currently used as a 3rd bedroom) is the perfect opportunity for first-time buyers or investors.

Conveniently located just past the fire station off Frank Sound Road and close to the high school, this home offers both practicality and comfort.

Enjoy the convenience of your own washer and dryer, lots of storage space, and a functional layout that works for growing families or those who want a home office or guest room.

As a bonus, the owner has purchased brand-new porcelain wood-look tile included in the sale, so you can easily upgrade the flooring to suit your style.

As the only property under $300K, this is a rare chance to get a well-priced home in a great location with plenty of potential.

Last confirmed

Year built
2002
Type
Condo
Land
Available on request

What this listing includes

  • Garden
  • Laundry
  • Storage
  • Furnished
  • Pet friendly
  • Home office

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