Caribbean MLSReal Estate

8.3 Acre Prime Oceanfront Development Opportunity, Sunset Bay, Grand Cayman

Available on request

The brief

The reason to consider it.

An extraordinary 8.3 acre prime oceanfront development opportunity on Prospect Point Road, Grand Cayman. This remarkable land parcel boasts an impressive 1,000 linear feet of ocean frontage to the south, with breathtaking views and vast potential for development. With 740 linear feet of road frontage onto both Prospect Point Road and Shamrock Road, accessibility is seamless, ensuring convenience for future residents and visitors alike.

Zoned as Beach Resort/Residential, this property serves as a blank canvas for discerning developers. Whether envisioned as a luxurious retirement community, an exclusive resort destination, luxury apartments or a tranquil coastal retreat, this property provides an ideal foundation for a remarkable development. Equipped with a comprehensive conceptual design package and drawings for a retirement village, developers will have a valuable head start in meeting the growing demand for upscale retirement living.

Nestled amidst natural reefs, this parcel offers serene bay views to the west, creating a picturesque backdrop for relaxation and recreation. Residents can indulge in leisurely strolls along the sandy beach area near the western boundary, immersing themselves in the tranquility of coastal living.

With its prime location, detailed conceptual design package, and unparalleled sunset views, this property is poised to capture the attention of investors and developers alike. Don’t miss out on this exceptional opportunity.

Last confirmed

Type
Land
Land
3,564,717 ft²
Zoning
Beach Resort/Residential
Road frontage
225 m
Permitted uses
Single family, Duplex, Tourism, Boutique hotel

What this listing includes

  • Beachfront
  • 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