CASTAWAY COVE GROUND FLOOR INCOME PRODUCER
CASTAWAY COVE GROUND FLOOR INCOME PRODUCER
CASTAWAY COVE GROUND FLOOR INCOME PRODUCER
CASTAWAY COVE GROUND FLOOR INCOME PRODUCER
CASTAWAY COVE GROUND FLOOR INCOME PRODUCER
US$ 575,000 MLS #420025
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About the Property

Experience effortless island living in this exceptional ground-floor beachfront condo located in peaceful East End in the Cayman Islands. Step straight from your private patio onto a stretch of pristine white-sand beach, where crystal-clear waters and soothing ocean breezes set the tone for pure relaxation. As part of the vibrant Reef Resort Grand Cayman, this residence offers the best of both personal comfort and world-class resort amenities. This spacious two-bedroom condo is designed with flexibility in mind. One bedroom can be fully locked off, allowing the property to be rented as either a two-bedroom unit or split into a one-bedroom suite and studio—a valuable feature that significantly maximizes rental potential. The property has demonstrated fantastic rental income, grossing over USD $95,000 per year for the last two years, making it an exceptional investment opportunity. The open-plan layout enhances the airy, inviting feel of the home, while the living area includes two twin Murphy beds for added versatility. Step onto your private beachfront balcony to enjoy uninterrupted views of the Caribbean Sea—perfect for morning coffee, sunset cocktails, or simply unwinding to the sound of gentle waves. Owners and guests enjoy access to outstanding amenities, including multiple swimming pools, tennis, pickleball, and a basketball court, as well as on-site restaurants, a welcoming beach bar, fitness center, dock access, and world-renowned scuba diving and water sports. Convenience is unmatched with a shopping plaza directly across the street offering a grocery store, additional restaurant options and liquor store. Whether you’re seeking an investment property, vacation retreat, or both, this exceptional beachfront condo delivers the ideal blend of luxury, location, and proven income performance in Grand Cayman.

Property Details

Basic Info

  • Bedrooms
    2
  • Bathrooms
    2
  • Sq. Ft.
    1,330
  • Year Built
    2004

Outdoor Features

  • Exterior Features
    • Pool

Location & Neighbourhood

East End
Location
  • East End

    A true gem for nature lovers, East End is renowned for its unspoiled landscapes and serene, laid-back vibe. This district is a haven for those seeking an escape from the bustling tourist areas, offering serene beaches and rich marine life.
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Your Monthly Mortgage Payment

Mortgage amount $7,040,000
Deposit $1,760,000
$51,657

Estimate monthly payment

$880,000

Estimate Closing Costs

*This is a general estimate based on a fixed interest rate and does not account for mortgage insurance or other potential costs. For precise figures, we recommend speaking directly with your mortgage provider.

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