MLS* Exclusive Listing

Shared Partnership Available For Sale in Grand Cayman, Cayman Islands
One Bedroom Condominium with Magnificent Ocean Views
Best Location on Seven Mile Beach...Located at the "Heart" of Seven Mile Beach

Location

Seven Mile Beach, Grand Cayman

Type

One Bedroom, One Bath, Condominium

Price

$121,000 1/6 ownership (furnished)

Financing Available

Condo Complex

Villas of the Galleon

Parking

Uncovered parking available

Description

This lovely one bedroom oceanview condominium is located at the heart of beautiful Seven Mile Beach in the Cayman Islands on Grand Cayman. The beautiful, tranquil, white sand on this caribbean beach is less than 50 yards from the front door. Located at the very popular Villas of the Galleon, this property is just steps away from the new exclusive Ritz Carlton Resort with spas and fine dining. The condominium was beautifully remodeled and decorated a few years ago to the highest quality. Enjoy all day ocean views from the kitchen, living and dining areas. A covered patio suitable for romantic dinners is adjacent to the living area. Enjoy evening Caribbean sunsets from this private patio. A short walk from an americanized grocery store and many restaurants.

Price

Cost is $121,000 with owner-financing provided after an initial $60,000 down payment. Cost includes attorney and all transfer fees.

Louellen Griggs

Time

cell  970-379-1364

1/6 ownership offers 8 guaranteed weeks of usage 3 PRIME WINTER & 5 NON-PRIME:

office 970-927-4256

In July, the owners are asked to select their choice of 2 PRIME WINTER WEEKS (mid December to the end of April) by listing a first, second and third choice. The weeks run from saturday to saturday and are chosen in 2 week increments. By mid-August, the owner is notified what weeks he received. Owner then chooses 1 additional week, based on space available. In September, the owners are asked to select their choice of 4 NON-PRIME WEEKS (May to mid December) for the following year by listing their first, second and third choice in 2 week increments. By mid-October, the owner is notified what weeks he received. Owner then chooses 1 additional week, based on space available. Unselected weeks are rented, with profits shared by all owners. Selection priority is rotational.

LouellenGriggs@gmail.com

Rentals

When the property is not in use by the owners, it is offered for short term luxury rentals and the rental income is shared equally by the owners. Any rental income generated and collected by the owners and within their 8 weeks usage, becomes the sole property of the owners.

Expenses

Monthly maintenance fees are approximately $167/owner/month which includes your share of utilities,insurance, building/common area maintenance fees, management, gardening, and contribution to the interior maintenance and furniture replacement reserve fund. Maid service and laundry fees are based on personal usage and paid upon departure. THERE ARE NO PROPERTY TAXES IN THE CAYMAN ISLANDS. The purchase of a shared automobile is being discussed, with possible savings for all owners.