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Royal Palms Estates Development, Frank Sound

MLS#: 409058
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  • COST US$3,900,000
  • WIDTH 2237
  • DEPTH 2324132
For Sale: Land
  • Listing Type
  • Agriculture
  • Status
  • Current
  • Views
  • Garden View
  • Acres
  • 101.00
  • Blk/Parcel
  • 59A/60-92
  • Area
  • 75
  • Road Surface
  • Asphalt
  • Soil
  • Black
  • Trees
  • Heavily
  • Water Frontage
  • No
  • Road Frontage
  • 200
  • Dock
  • No
  • Zoning
  • Agriculture / Residential
  • Title
  • Freehold
  • Frontage Road
  • City Maintained
  • City Water
  • No
  • How Shown
  • Drive By
Property Information

Royal Palms Estates, a Frank Sound Sub-Division Development of 101 Acres - Complete Planning Approval for 243 Lots, all clearly demarcated in sub-division plan, ready to sell on lot plan. Priced at US$6.00 per square foot generates a gross revenue return of US$19,331,040, "OVER 4 TIMES THE SALES PRICE!". Roads demarcated throughout sub-division. Developer has grown 200 Royal Palms and 200 Christmas Palms on site, included with the sale for decoration along the access roads, already in place. Site also have maintenance building for storage of equipment during completion of any required works. Very profitable opportunity in Cayman's expanding real estate market where there currently is a lack of inventory. Recent new projects in the eastern districts will insure strong sales of lots; Mandarin Oriental Hotel has just signed on to new hotel in Beach Bay, further increasing interest in the eastern districts. Priced to Sell!

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Royal Palms Estates Development, Frank Sound

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