The property consists of a patio, a kitchen, 2 bedrooms for up to 4 guests. Grand Cayman Real Estate is Right for you. $895,000. Advertise, buy or sell houses, homes, villas, apartments, land and businesses. Prices range from approximately US £250,000 to US £300,000 for a hotel suite-style unit or a smaller 1 bedroom unit in areas with lower average prices such as East End up to US $1.5 million to US $7 million for ultra-luxury beachfront condos for sale in Grand Cayman set directly on the most desirable stretches of Seven Mile Beach. These are very intelligent birds.' We rented out briefly. It is required by law that a strata complex is insured, but favourable rates are usually obtained by condo complexes by virtue of their size when compared to insuring a standalone house, so these fees along with the general maintenance are broken down into what is usually a monthly or quarterly fee and each condo is assessed by its size so that a unit that has more square feet will have higher portion of these fees, known in the Cayman Islands as strata fees, monthly maintenance or condos fees these are equivalent to Home Owners Association (HOA) fees in the US & Canada. Cayman Kai, Grand Cayman, Cayman Islands. Property For Sale in Caribbean. Getting a Mortgage in the Cayman Islands Investment Opportunities – Explore Condos for Sale in the Cayman Islands. Contact 7th Heaven Properties, the Luxury Caribbean Property Specialist, to explore the full range of investment opportunities in the Cayman Islands. I have been going to GC since the mid 70s. The term condominium or condo is used in the Cayman Islands real estate market to describe an apartment (similar in some ways to what might be referred to as a flat in the UK) that is part of a strata. Condos, also known as flats or apartments depending on where you come from, offer comfort and a luxurious lifestyle without those high costs associated with the term ‘luxury’. Blog Here are 10 Questions you should get answered by the condo board of the complex where you want to buy, or through the documents they give purchasers before closing. For those in search of somewhere quieter, Rum Point offers a tranquil alternative, while for buyers on a more modest budget, be sure to take a look at East End. Best real estate in this country with RE/MAX The condo provides ease … Learn about purchasing real estate in the Cayman Islands, including mortgages & borrowing, home insurance, importing furnishings and associated costs. Our database from the MLS includes all the latest listings of all Condos available for sale in Grand Cayman, Cayman Brac and Little Cayman. The condo provides ease of ownership allowing a buyer to own property on Seven Mile Beach for example for a fraction of the cost they would incur if trying to buy a house in the same location. Relish your stay in the Caribbean paradise by renting the right property. A strata is the legal framework that provides freehold ownership of an individual property within a multiple-property complex as well as shared ownership of the land & common areas. At the offices of Cayman Island Real Estate, we receive a huge amount of enquiries about the process of buying a property in the Cayman Islands. Buying a Condo in Cayman Islands? Sorry I am not of any help. When looking through all the condos for sale in the Cayman Islands, there definitely are plenty to choose from. 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