It is rare that we feature a specific luxury home for sale, but this one caught my attention thanks to it’s fantastic location and entertaining government incentives. This waterfront home for sale is in the Cayman Islands – Pease Bay, The Breakers, Grand Cayman to be precises. It is beautifully finished with custom mahogany millwork, gold leaf & faux paint work, Hurricane rated windows, Siematic cabinets, stone floors, marble and granite tops, Miele, Subzero and Gagganeau appliances – the list goes on forever and includes an infinity pool and tennis courts. 2 of the 8 bedrooms and 1 of the bathrooms are in an attached guest apartment, which is above the garage. Price – US$5,750,000. The furniture is also available as a separate sale.
The entertaining government incentive gets you a massive 3.5% discount off property bought in the Caymans over the next six months which translates into:
- This property – you “save” US$201,250
- On a US$3,000,000 condo purchase on 7 Mile Beach you save US$105,000.
- On a US$1,000,000 canal home in Governor’s Harbour you save US$35,000.
- On a US$350,000 canal lot you save US$13,610.
- On a CI$50,000 lot purchase you save CI$1,500.
Not sure just exactly how much of an incentive the price of a car might be off of a million dollar property, and I think they might need to talk to the German government about what constitutes an incentive, because you can just about get a bigger government rebate for buying a new car in Germany at the moment. I must admit I would be tempted if I had a spare $6 million lying around, but I am not sure the 3.5% rebate would be the clincher. I am beginning to wish I had gone to banker school…….
Either way,you just have to love the location. Here are a few more photos to tantalize you and the listing is here at the Cayman Islands Coldwell Banker site – Beachfront home in the Cayman Islands.