Grand Cayman Island

On a series of canals near the Ritz-Carlton Grand Cayman’s Blue Tip golf course, and near Seven-Mile Beach in West Bay, Crystal Harbour, is a gated residential community of about 50 luxury homes.

Beyond a circular cobblestone driveway, this four-year-old cream-colored concrete and stucco villa with four-zone air-conditioning and a gray tile roof sits on a 0.48-acre waterfront property. Its $2.795 million asking price does not include the furnishings, although they are negotiable.

The double front door with sidelights opens onto a vaulted two-story foyer with a Turkish marble floor that continues throughout the house. To the right, the formal dining room has French doors leading to the front “cigar patio” enclosed with a balustrade. An office to the left of the foyer opens onto a similar “bistro patio.” Under the staircase to the left, the master suite, with its spalike bath, opens via 12-foot sliding doors to the yard patio, also of Turkish marble.

Sliding doors stretch across the back of the house, linking the patio to the living room, the den and the breakfast room; all have water views. One wall of the living room has a granite-topped wet bar with an ice maker and a wine fridge. Beyond the den, a kitchen has a three-foot-wide Sub-Zero refrigerator and a separate three-foot-wide Sub-Zero freezer. An L-shaped island with a granite countertop houses the main sink on one side and a smaller sink on the other. Frosted glass cabinets above a porcelain plank tile backsplash span the walls. Appliances include a microwave, dual ovens, a Wolf gas cooktop, a pot filler, a KitchenAid dishwasher and a trash compactor.

Off the hallway between the kitchen and the three-car garage is the laundry room; nearby is a guest bath with an outside door for party use.The second floor has the other bedrooms, all but one with en-suite baths, as well as a gym and a den.

The backyard has a multilevel 32-foot infinity pool with built-in tanning beds submerged in three inches of water. There is also a spa for eight, as well as an outdoor kitchen and bar pavilion, and access to the 58-foot-long dock and Jet Ski lift.

An outdoor shower is mounted outside the pool equipment house. In case of a hurricane, a cistern provides 9,000 gallons of emergency water.  Grand Cayman is the largest and liveliest of the three-island archipelago known as the Cayman Islands, a British Overseas Territory in the Western Caribbean.Along Seven-Mile Beach, the market starts at around $300,000, for a condominium, and tops out in the eight figures.

Jeanette Totten, the president of the Cayman Islands Real Estate Brokers Association, said there had been a “slight improvement” in the market this year, with more interest among expatriate second-home buyers. The increase is centered along Seven-Mile Beach, for condominiums, and Cayman Kai on the north side of the island for single-family homes.

According to Kel Thompson, a developer and an owner of Century 21 Cayman, “Prices have softened significantly since 2008, and the rate of sales has decreased.” The market remains “tilted much in favor of buyers,” he said.

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