Location is always the key word when buying real estate, and this applies to the Cayman Islands as well. No doubt you have heard “Location, location, location” as the correct response to “What are the three most important things to consider when buying real estate?”
As you and your family prepare to look at Cayman Islands real estate, you will want to know whether the properties are within your budget, of course, but also whether they are conveniently located near the waterfront, supermarkets and retail shopping, the schools your children will be attending, recreation and sports facilities, and/or hospitals and medical services, depending on your needs.
Will your Cayman Islands property be near the main tourist areas or in a quieter part of the island? Are you able to spend more for a waterfront property, or do you prefer a residence that is farther inland, but not too far from the beach? If you are looking at waterfront property, do you want to have beach access or proximity to a canal that can accommodate your boat?
Professional real estate agents in the Cayman Islands can help you find the right location for your first home. There really is no better way to learn about the varied neighborhoods of Grand Cayman than to view them with a real estate agent. The agents on island are knowledgeable about residential properties for sale and can provide a full list of options across the island. Recently, there has been a boom in new development, but inventory is still rather low as demand continues to increase as people the world are buying desirable Cayman Islands properties.
Here’s a look at some of the popular locations:
- Seven Mile Beach properties. This world-famous stretch of beach is one of the most popular locations in Grand Cayman. A host of new developments, including Aqua, Seacrest and The WaterMark, as well as beachfront condos at The WaterColours, are drawing keen interest from potential buyers. Homes and condominiums are also being developed opposite Seven Mile Beach.
- On the north side, you will find extraordinary properties at Rum Point in the Cayman Islands. There are beachfront condos at the new Rum Point Club Residences away from the “hustle and bustle” of the main tourist areas, and just a 45-minute drive from George Town. This area of Grand Cayman is quieter, more serene and more suitable if you are looking for a get-away-from-it-all residence as your first home in the Cayman Islands.
- If it’s a luxury residence you are looking for, in addition to those mentioned above, The Ritz-Carlton, Grand Cayman, also has residences for sale on Seven Mile Beach. You may want to consider these residences on the Ritz property, which is situated on 144 acres that stretch from the Caribbean Sea to the North Sound.
To explore all options, contact a trusted real estate agent and tour the various neighborhoods and districts of Grand Cayman. Discover the personality of each area and then decide which one would be the best match for you!