| Grand Cayman has very little sandy,
beachfront land left on the entire island. Over the past years the main
focus for investors has been the infamous SEVEN MILE BEACH area. The price
per linear foot on that beach is over $40,000 per linear foot. That is
if you can find any for sale.
ACTUAL APPRECIATING PROPERTIES
The following are just a few of the properties on Seven Mile Beach
and their actual selling prices:
| PROPERTY |
BOUGHT |
SOLD |
| The Grandview |
$205,000 (1996) |
$450,000 (2002) |
| Regal Beach Club |
$295,000 (1998) |
$400,000 (2002) |
| Laguna Del mar |
$295,000 (1989) |
$875,000 (2001) |
| Island Club |
$127,000 (1980) |
$680,000 (2000) |
| Coral Stone Club |
$494,000 (1992) |
$1,050,000 (2001) |
| The Great House |
$2,700,000 (2002) |
$475,000 (1990) |
|
Developers and investors, in the past few years have been turning their
attention to the East side of the island.
The very 900-foot piece that Castaways’ Cove is being built on has
appreciated four fold over the last ten years. In 1994 this parcel sold
for $900 a foot and is now valued at over $4,000 a linear foot. From previous
stats and records of sales in Grand Cayman, where do you think your investment
will end up?
Can you really afford to wait?
|
