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   18
For Sale property id: 59408859
USD 2,900,000 Mortgage Calculator
USD 2,900,000
Magellan Quay 18, Cayman Islands
  • 5 bedrooms
  • 5 bathrooms
  • Completion Year
    1999

Description

Magellan Quay #18 is located in the popular canal front community of Governor’s Harbour, Grand Cayman. Well established and long loved, it is the closest neighbourhood to Seven Mile Beach that offers single family residential homes with private docks to satisfy the boating lifestyle so sought after in the Cayman Islands. Located on the southern side of Magellan Quay across the canal from Jellicoe Quay, Public Beach on Seven Mile Beach is less than 1,300ft away, just north of which sits the Kimpton Seafire Resort and Spa and its attendant restaurants. The DART owned area north and east of the Seafire Resort is slated for significant future development which will include the recently approved Seafire splash park and the new Hotel Indigo, subject to planning approval along with a new town development proposed to span an area from the Cayman Islands Yacht Club to Seven Mile Beach.
Sitting on over 1/3acre of canal front land the property provides an interesting mix of accommodations with a substantial main house offering five bedrooms and a pool, with an attached self-contained one bedroom “in-law suite” that has its own entrance but can also be accessed from the primary residence if required. On the same lot but with its own private driveway are two additional rental apartments a 2bed on the ground floor and a 1bed room upstairs. Currently set-up solely for rental investment income the Magellan Quay #18 gives flexibility to allow a number of different scenarios including owner occupation plus rental income.
Main House - 5 bedrooms 41/2 bath (3,562sqft) |Virtual tour >> https://my.matterport.com/show/?m=eGkMLzhEumu
Adjoining in-law cottage - 1 bed 1bath (575sqft) | Virtual tour >> https://my.matterport.com/show/?m=rjdBSArAK3D&play=1
Separate g/f rental - 2bed 2bath (1,040sqft) | Virtual tour >> https://my.matterport.com/show/?m=rVfTna72WzH
Separate upstairs rental - 1bed 1bath (450sqft) | Virtual tour >> https://my.matterport.com/show/?m=32Gq4nGatpz
Please email for a breakdown of the rental income: jonathan.sparrow@sothebysrealty.ky
Directly adjacent to this property on the corner of Magellan Quay and Peninsula Avenue is a five-unit rental complex that is also available for sale allowing for a combined acquisition of over 0.8acres with approximately 140ft on the canal.
Cayman Islands Sotheby's International Realty is a member of CIREBA. ML413198

Property Features

interior

  • Kitchen
    • • Microwave
    • • Dishwasher
  • Bathrooms
    • • Bath
    • • Shower

exterior

  • Entertaining
    • • Spa

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Cayman Islands Sotheby's International Realty
Jonathan Sparrow

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Cayman Islands Sotheby's International Realty
Jonathan Sparrow

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