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Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour Vacant Land with Waterfront Sea View - Crystal Harbour
US $ 6,500,000
For Sale
Vacant Land with Waterfront Sea View - Crystal Harbour
Michael Ford
Property Owner
+17272496364
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Crighton Drive, Seven Mile Beach, Grand Cayman

Land 3.00 acres 2 months on easyCayman

Vacant Land with Waterfront Sea View - Crystal Harbour

Vacant Land with Waterfront Sea View - Crystal Harbour

Site Information

Location: 17A Block Parcel 337, 338, 339 of Crighton Drive, Crystal Harbour, Seven Mile Beach Corridor, West Bay, Cayman Islands

Sea frontage, spectacular water views of North Sound, Grand Cayman, Cayman Islands

Site Area: 3 acres (as per fixed boundary survey)

Vacant flat land – approx. 4 feet above sea level with iron shore (see google maps photo)

Sea frontage 360 feet, full depth of 450 feet

Next to 18-hole golf course

Close to Seven Mile Beach (with Ritz Carlton & Westin hotels nearby)

15 minutes to airport

17A aerial photo (see photo)

17A boundary survey (see photo)

Agent letter and description (see photo)

Drone Footage of Site: https://www.youtube.com/watch?v=zXzkup8KJXg

Zoning: Hotel tourism/Condominium apartment

195 hotel units

75 apartment units

Up to 10 story height

Up to 40% site coverage

Up to 527,807 sq. ft. (10 story)

17A Proposed area plan (see photo)

Proposed 75 Luxury Residential Condominiums

Initial Costs & ROI

Land Cost: US$6,500,000

Proposed Condominium Apartment (average 2200 sq ft – may be larger)

75 units x avg 2200 sq ft = 165,000 sq ft total

165,000 sq ft x US$270/sq ft = US$ 44,550,000 building costs

Projected sale per square foot:

165,000 sq ft x US$ 800/sq ft = US$132,000,000 sales

US$132,000,000 – US$44,550,000 – US$6,500,000 = US$80,950,000 net profit

Minus sales commission (realtors)

Feel free to contact us with any questions and visit our website: www.worldfinancialrealty.com

Features for Vacant Land with Waterfront Sea View - Crystal Harbour

Information last updated on Jun 03, 2020

Price: $6,500,000 Status: For Sale MLS/Source ID: 52761
Land
3.00 acres

This property is followed by 0 users and has 394 views.

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Vacant Land with Waterfront Sea View - Crystal Harbour is a Lot/Land for Sale of 3.00 acres, listed by Michael Ford . The property sale price is $6,500,000. This lot/land is located in Seven Mile Beach.

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