Buy at Lakeside in Grand Cayman for 10% to 15% Under Market Value

Your read that right we have for sale (or should I say had) 73 units at Lakeside on the Esterly Tibbetts Highway between Camana Bay and the Butterfield roundabout for sale at between 10% and 15% under market value. In just two days we have 20% of those units under contract!

Christmas special, owner says sell! These 73 listings are part of a bulk inventory owned solely by one party. The owner has decided to sell the inventory as individual units and has created this wonderful opportunity for people who are looking for affordable housing in the convenience of the Seven Mile Beach corridor location. There’s no two ways about it: this is an exceptional opportunity.

Apartments available for sale

There are 52 one-bedroom, one bathroom, 488 sq. ft. apartments available for sale that are priced at CI $249,000. There are 10 two bedroom, two bathroom, 733 sq. ft. apartments available for sale that are priced at CI $309,000 and there are 11 three bedroom, two bathroom, 975 sq. ft. apartments for sale priced at CI $339,000. Keep in mind that the comparable inventory within the market is currently 50% higher in price. As such, the list prices are non-negotiable.

No stamp duty for first-time Caymanian buyers

This opportunity gives first-time Caymanian purchasers, locals, or foreign residents the opportunity to get housing in a great location, along the bypass heading to Camana Bay. Plus, there is no stamp duty for first-time Caymanian buyers and with the new exemptions to stamp duty, for a Caymanian purchasing their second home or developed residential property, stamp duty will be assessed at only 3.75%.

Great property, amazing location

This property offers exceptional value for convenience, while situated on a property offering many amenities such as a lake, gym, pool, and garden and has on-site management. The location is excellent – it gives access to those who work on the Seven Mile Beach Corridor, who might not have the transportation. It also has access to all the conveniences of restaurants, bars, social spaces, grocery stores, retail shopping, the whole of Camana Bay, commercial offices, George Town, and the industrial side of town as well. Separately there is access via foot to the Eastern Avenue.

Open house – Saturday, December 16th from 11AM to 2PM

Join the Bovell Team this Saturday, December 16th from 11AM to 2PM to view several of the units available for sale. We will be welcoming guests into all three types of properties – a one bedroom, two bedroom and three bedroom.

If you have a serious interest in one or more of the units, it would be best to get to contract sooner than later, as this is the best way to secure the apartment that you ideally want. Your deposit is refundable until all conditions are satisfied.

These units are going fast so don’t miss out on this once in a lifetime Christmas special. If you have any questions or would like more information, please contact us at +1 345 945 4000 or view all of these listings at our website.