Prospect, George Town, George Town, Cayman Islands. - Hero Image
Prospect
George Town | George Town

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Cindy Raymond
Cindy Raymond
Presented At
KYD 1,199,000
Bedrooms
4
Bathrooms
3
Living
3,402
SQFT
Office
Washer Dryer
Laundry Room
Bar
Walk In Closet
Air Conditioning
Kitchen island
Gas Stovetop
Garage
Garden
Balcony
Pool
Gated Community
New Builds
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Prospect, George Town, George Town, Cayman Islands. , George Town , George Town

Grand Palmyra - New Construction

Welcome to Grand Palmyra #12, a spacious and equally stunning town home located in a gated community within Grand Harbor.  Live that desired lifestyle of a 10 minute walk to the restaurants and shops in Harbourwalk and Grand Harbour.  This new construction 4 bed 3.5 bath home features and open floor plan with a large kitchen with high quality finishes, gas cooking and stainless steel appliances and gives single family homes vibes.  An abundance of natural light, storage, a dining area, office nook, half bath and laundry with sink round out the 2nd floor. 

A generous en-suite primary bedroom with an expansive walk-in closet ensures there is no fighting for shoe space. Two more equally roomy bedrooms, a full bath and lots of storage occupy the 3rd floor.

The ground floor is the 4th bedroom which has been converted to a private 1 bedroom suite to either rent out for passive income or stow away the in-laws when they come for their month long visits.  They would have the peacefulness of waking up in their own space, enjoy coffee on the patio and the convenience of their own laundry machines, kitchen and TV without having to bunk your kids together.  Or keep it as a rental and rent it to long or short term professionals!  

The property also includes an attached garage which has been partially converted to accommodate the 1 bedroom apartment but still has plenty of room for surf boards, bicycles and storage bins. Built by a reputable developer, this town home is beautifully designed, but it is also brilliantly built with ICF (Insulated Concrete Forms) construction, a standing seam roof, and a foam-insulated roof attic, ensuring durability and energy efficiency.  Ask about the extremely low CUC bills!

Grand Palmyra is the perfect family option and for a buyer looking to earn rental income or have the extra space for ”soon to retire” parents.  Close to schools and town and far enough away from the airport noise nestled amongst the multi-million dollar homes of Grand Harbour.

Schedule your direct showing today for a private tour of this desirable property that just keeps appreciating in value.

Member of CIREBA. CIREBA MLS 419366

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Map showing Prospect, George Town, George Town, Cayman Islands.

Property Location

Prospect, George Town, George Town, Cayman Islands., George Town George Town

Local Weather & Climate

George Town, George Town

Current Conditions Updated recently
75 °F
Few clouds
Feels Like 77°F
Humidity 88%
Wind 2 mph
Visibility 6.2 mi
Sunrise 11:35 AM
Sunset 11:34 PM
5-Day Forecast
Fri 13 Mar
Clear
High 83°
Low 75°
Sat 14 Mar
Clear
High 80°
Low 78°
Sun 15 Mar
Rain
High 80°
Low 79°
Mon 16 Mar
Rain
High 80°
Low 79°
Tue 17 Mar
Rain
High 80°
Low 79°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around George Town?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in George Town. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $119,900,000 20% down ($23,980,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$10,303
$10,303/day
Your home may appreciate while you sleep
$72,319/week $313,382/mo $3,760,587/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$66.0M
vs
OWN 📈 +$93.6M
$93.6M Potential Equity
vs $66.0M lost to rent over 10 years
$24.0M Down Payment Growth
3.9x
10yr
$93.6M
8.1x
20yr
$193.8M
12.6x
30yr
$302.8M
Wealth Comparison
×721
Equivalent to 721 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $302.8M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $141.2M +18%
Market $163.3M +36%
Optimistic $188.4M +57%
$93.6M est. equity
20 Years
Conservative $166.3M +39%
Market $222.4M +85%
Optimistic $296.1M +147%
$193.8M est. equity
30 Years
Conservative $195.8M +63%
Market $302.8M +153%
Optimistic $465.3M +288%
$302.8M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This apartment at Prospect, George Town, George Town, Cayman Islands features 4 bedrooms with 3,402 square feet of living space.
This property offers 3,402 square feet of living space.
This property is listed at $119,900,000, which equals $35244 per square foot.
Based on current market indicators, George Town shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a apartment located in George Town, George Town. The property is situated in an established neighborhood with convenient access to local amenities and services.
Cindy Raymond

Cindy Raymond

RE/MAX Cayman Islands

License #01814636

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Nikki Thomas

Nikki Thomas

RE/MAX Cayman Islands

License #01459944

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