In mid-December Aqua Bay Seven Mile Beach, the newest real estate opportunity from Butler Group, a premier builder of luxury resort condominiums in Grand Cayman, was launched exclusively by the Bovell Team.
These amazing luxury condos for sale were extremely well received by the market and went under contract within a very short time. Ten weeks later we have all but four sold.
The unprecedented growth of the real estate market in Grand Cayman that we saw throughout 2020 is definitely continuing into this year and I anticipate the real estate market will continue to boom for years to come as you will note from my previous article.
Seven Mile Beach remains one of the most desirable real estate locations in Grand Cayman but, even more now than ever, inventory along this stretch of one of the world’s best beaches is extremely limited. In particular, new developments along Seven Mile Beach are few and far between.
Besides Aqua Bay, new developer units are currently available for sale at The Watermark and Lacovia on Seven Mile Beach, though the price point is different. The Watermark is already 90% sold which is way ahead of predictions and Lacovia was only launched a few weeks ago and there are only 30% of the units remaining. Seacrest, also on Seven Mile Beach, which is being developed by Butler Group, is pouring the 10th floor slab and also told out very quickly.
An interior Penthouse at The Watermark is priced at US$26,150,000 with a total of 12,019 sq. ft. which is US$2,175 per square foot and an interior Penthouse at Lacovia is priced at US$9,554,600 with a total of 4,444 sq. ft. which is US$2,150 per square foot. In comparison, an interior Sky Villa Penthouse at Aqua Bay is priced at US$6,950,000 with a total of 4,906 sq. ft. which is US$1,416 per square foot.
Ranging from 4,670 sq. ft. to 4,906 sq. ft. these Sky Villa Penthouses feature a top floor Sky Deck with a spacious patio area with a heated private pool all facing Seven Mile Beach plus a large, covered dining area, outdoor kitchen, bathroom, storage, and a large Sunrise Deck looking over North Sound to Cayman Kai and Rum Point.
Outdoor living and entertaining are key in the Cayman lifestyle. From dining out on a patio under the stars to relaxing by the pool to enjoying spectacular sunsets to watching the sky light up in the morning as the sun rises plus our year-long fabulous tropical weather is what makes life in Cayman so unique and desirable.
Now imagine being able to enjoy that Cayman lifestyle from the privacy and security of your own Sky Villa Penthouse. There is nothing on the market anywhere near this price range in Grand Cayman, let alone on Seven Mile Beach, that offers such a unique real estate opportunity plus, and even more importantly, Aqua Bay will offer a daily rental program making these Sky Villa Penthouses the only luxurious daily rentals on Seven Mile Beach of this kind.
With the Sky Deck you can entertain, relax, take a swim in your pool and even work remotely while enjoying the sunshine; something most condo owners cannot enjoy unless they visit the common areas, which as you can imagine can get crowded in high holiday seasons. In fact, these Penthouses are more like private homes versus condos.
Additionally, the purchase of one of these Sky Villa Penthouses satisfies the real estate requirement that is required for one of the immigration residency programs. Read more.
By virtue of the central core design, each Villa will also have a private elevator entryway to the residence. The core elevator system means only 2 Villas per floor will share an elevator; two elevators per floor for 4 Villas; a luxury only found in condos double the price. This also enables Sky Villa Penthouse owners to rent out their Sky Decks separately from the private residence for special events or to owners or guests within the building.
Aqua Bay will enjoy a view of the entire Seven Mile Beach crescent with a westerly facing beach outlook and expansive floor to ceiling windows. Each Villa is also situated for the perfect Caribbean sunset from the private terraces. The design of each Aqua Bay Villa has been thoughtfully considered to maximize the views and provide exceptional living and amenity spaces. Each Villa has 3 bedrooms, 3 full bathrooms, a powder room, kitchen with wet bar, a home office, laundry room, and two private terraces.
This design also allows the rooms on the Easterly side of the building to have expansive, sunrise views.
The interior design has been developed by Butler Group’s award-winning partner company, Design Studio Interiors. The Villas will feature 10 ft. high ceilings, superior tile and finish options, top quality plumbing and appliance selections as well as bespoke millwork design for the kitchen, bathrooms, and amenity areas.
Amenities will include boutique hotel style reception, 90 ft. wide beachfront waterfall edge pool, generous pool deck and extensive beach area for the Aqua Bay residents and guests, two beachfront BBQ areas for al fresco dining, fitness centre, oceanfront owners lounge and games room, on site manager’s office, undercover parking for each Villa, day room facilities for late checkout options and lush tropical landscape design.
Take advantage now before they are all sold. Contact the Bovell Team now.