INTERNATIONAL REALTY GROUP LTD
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PALM COURT, FRANK SOUND

MIdland East,
MLS#: 414463 Residential (For Sale)
  • 4 Beds
  • 4.5 Baths
  • 8662.00 SQFT
CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY

PROPERTY DESCRIPTION

Palm Court is situated on a largely undeveloped section of Grand Cayman’s southeast coastline overlooking the Caribbean Sea with spectacular ocean views. The aptly named Sea View Road is home to a handful of luxury beachfront properties that offers its residents a neighbourhood full of beauty, charm, and serenity. Starting with its location Palm Court is a property full of promise and potential a site of over an acre with approximately one hundred and twenty feet of ocean front offering a mixture of soft white sand and Ironshore and the remnants of a boat dock. From road to sea the site has a depth of around three hundred and forty feet and offers a natural ridge with an elevation up to eight feet above sea level which is quite exceptional for a beachfront site in the Cayman Islands however of paramount importance to the value of this site is its Hotel/Tourism zoning. For sites zoned Hotel/Tourism the local code allows for the building of hotels with a density of sixty-five bedrooms per acre or for the building of apartments at twenty-five units per acre. An option that may be more in keeping with its surroundings would be to build a “Cottage Colony” and in this instance code allows ten units per acre if each unit has two bedrooms. Palm Court currently consists of a substantial and extensive block built house that requires renovation to bring it back to its former glory but has the potential to provide truly spectacular living accommodation. There is also a two car garage associated with this property. A wood frame traditional Cayman cottage proudly holds title to being the first structure built on site and has been renovated throughout to create a charming two bedroom property full of character.

Key Details

PALM COURT, FRANK SOUND
Bed 4
Bath 4.5
Type Homes (Residential)
Status Pen/Con
Acreage 1.04
Year Built 1993
Block & Parcel 59A,47
Lot Size 1.04
Views Water Front
Foundation Slab
Zoning Hotel/Tourism
Garage 2
Den Yes
Furnished Partially
Sea Frontage 147
Pool Yes

Location

*Disclaimer: The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).
$
9878
/mo

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PALM COURT, FRANK SOUND