Caribbean MLSReal Estate

South Sound Development Site - 4.372 Acres

Available on request

The brief

The reason to consider it.

Exceptional opportunity to secure one of George Town’s last true development sites: a rare LDR parcel close to schools and minutes from downtown. Well suited for a small residential project with several single family homes or apartments, subject to planning approval. A sporting facility may also be possible with a change of use, supported by the adjacent YMCA softball fields.

Last confirmed

Type
Land
Land
190,597 ft²
Zoning
LDR
Road frontage
153 m
Permitted uses
Single family homes, Apartments

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