What Can you buy for 1 million dollars in Grand Cayman?

Beachfront condos are some of the most desirable listings in the Cayman Islands' real. Estate market. Primarily located along Seven Mile Beach, Grand Cayman's premier resort destination, these luxury Cayman condominiums offer some of the best amenities and views on the island. Visitors travelling to the Cayman Islands are immediately greeted with turquoise waters, warm breezes, and powdery white sand beaches and endless sunshine. In addition to the breathtaking scenery, Seven Mile Beach is the cultural and culinary capital of the Caribbean, with countless restaurants and bars, specialty food stores, health food stores and vegan restaurants. In the Seven Mile Beach area, you will find town centre shopping, boutiques, pharmacies, grocery stores, and every other convenience found in large cities.

Seven Mile Beach is frequently listed as one of the top destinations in the Caribbean. Return visitors routinely choose it for its laid-back atmosphere and proximity to the island's best offerings. Much safer than many Caribbean Island destinations, Grand Cayman Island attracts many visitors to its shores each year, from honeymooning couples to retirees to families taking advantage of the school holidays.

Many of the Seven Mile Beach condominiums offer suites with open floor plans that rival Cayman luxury homes and top-end appointments and finishes.

Inspire awe in the most discerning buyer such as handcrafted cabinetry, Bosch Appliances, private oceanfront decks, valet parking, and 24-hour concierge service. All these luxury condos have on-site managers who coordinate maintenance requests and oversee the property while you are off the island.

Seven Mile Beach is also ideal for frequent travellers, as it is a quick 10-minute. Now, drive to the airport with the new bypass road and a short one-hour flight to Miami. If you are looking for a Grand Cayman condo outside of Seven Mile Beach, other more modest condos are for sale around Grand Cayman Island, including West Bay, East End, and South Sound. Each unit offers buyers a different set of amenities and features, but each one provides the convenience of lower maintenance rather than purchasing a home on Grand Cayman Island. Some of these condominium complexes offer swimming pools and beachfront access, while others cater to business professionals and families who live on the island.

Ranging from one-bedroom, one-bathroom units with garden views for as little as US$500,000 in West Bay to four-bedroom beachfront suites at the Ritz Carlton Residences or Watermark for up to US$30 million, Engel & Volkers Cayman Islands is pleased to help you find your condo that is listed for sale in Grand Cayman Island.

Scan the Seven Mile Beach condo complexes listed on our Cayman real estate site and then call an Engel & Volkers Cayman agent to learn about each property, such as the amenities, floor plans, and features that make the condo unique in Cayman. You can also ask your Engel & Volkers Cayman Islands agent will give details about condos for sale in East End, South Sound, West Bay, and other areas around Grand Cayman. In this real estate blog, we discuss Seven Mile Beach Condos; the writer, Heidi Kiss, Broker of Engel & Volkers, has a monthly updated spreadsheet on the current SMB condos for sale.

Grand Cayman condos make the ideal vacation home and short-term rental option on Airbnb and VRBO. Short-term rental in most condos in Cayman is not restricted. Contact one of the Engel & Volkers Cayman Islands advisors to learn about purchasing in complexes

that allow short-term rentals if you want to make income from your vacation home while not using it. Visit Cayman vacation homes for more information. Purchasing a Cayman condo as a short-term beachfront rental allows you to finance your Cayman Islands luxury vacation retreat.

US$500,000 to US$1 Million. As of Spring 2024, 13 properties are listed for sale on CIREBA and the MLS system. For this price, there are still a few waterfront condos in Seven Mile Beach, such as the Kilani Curio Collection by Hilton, Grand Hyatt, Cayman Reef Resort, Island Pine, Plantation, and Grapetree.

US$1 million to US$2 million: On Seven Mile Beach, you can find 2- and 3-bedroom condos in this price range. Tamarind Bay, Sunset Cove. Grandview, Regal Beach, Poinsettia, George Town Villas. Plenty of Vacation rental property managers can rent your property out for you to tourist vacation rental to cover your expenses such as utilities and HOA or Strata fees. Then, you can enjoy your property in Grand Cayman anytime you want. Alternatively, you can lock the door and have peace of mind in having your private sanctuary in Grand Cayman.

US$2M to US$3million: As of Spring 2024, there are only 21 properties for sale in Seven Mile Beach in these price ranges: Seacrest, South Bay Beach Club, Christoper Columbus, Villas of Galleon, Crescent Point, Plantana, and a 3-bedroom at Sunset Cove.

US$3 million to US$6 million: In spring 2024, the CIREBA MLS system listed only 20 prestigious oceanfront and ocean-view properties located on Seven Mile Beach in Grand Cayman: The Ritz Carlton, The Sands West Bay, Laguna Del Mar, South Bay Beach Club Penthouse, Aqua Bay, Heritage Club, Seacrest, Caribbean Club, and Sea Breeze.

US$6 million to US$8 million: There are 11 properties in this price range: The Ritz Carlton, The Pinnacle, The Great House, Kimpton Seafire, and the under-construction condos Lacovia, Aqua, and Grand Hyatt.

US$8 million and up: 25 properties in this range on Seven Mile Beach, including the under-construction Grand Hyatt Beach Resorts Penthouse, Laconica, Watermark, Mandalay, and Kimpton Seafire.

Cayman is one of the safest, cleanest and most sophisticated Caribbean Islands.

Come and visit Cayman, and you will fall in love with the culture and country we all have.