Development Land With Rental Income Smb Corridor, Seven Mile Corridor
Description
Rare West Bay Development Land for Sale 2.1 Acre Parcel with Water Views Near Cemetery Beach This 2.1-acre West Bay development land for sale presents a compelling opportunity for developers and investors seeking scale, location, and flexibility in one of Grand Cayman’s most desirable coastal corridors. With limited parcels of this size remaining in West Bay, this offering stands out as a strategic acquisition with significant upside. The property currently includes a 4-bedroom, 4-bathroom home, generating rental income while development plans are explored—allowing you to hold with purpose. Positioned for Multi-Residential Potential Given the parcel’s size and prime location, there is potential for a multi-residential development, with preliminary considerations suggesting the possibility of up to approximately 30 condominiums, subject to planning approval and zoning requirements. For developers, this creates a rare opportunity to design a boutique or mid-scale residential community within walking distance of one of the island’s most celebrated beaches, an offering that continues to see strong demand from both local and international buyers. Water Views & Walkable Access to Cemetery Beach Set in a highly sought-after pocket of West Bay, the property benefits from elevated water views and is just a short walk to Cemetery Beach, widely known for its calm waters and world-class snorkeling. This proximity enhances both end-user lifestyle appeal and long-term resale value, making it an ideal foundation for a thoughtfully designed residential project. Investment Flexibility with Immediate Income The existing income-producing residence offers immediate return potential, providing flexibility as you move through planning and design phases. Whether you choose to redevelop in the…
Where it is
What's on near Seven Mile Corridor
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Climate · George Town
Station: ROBERTS · 1.7 km from the representative point.
Explore monthly temperature and rainfall
Typical daytime temperature
1991–2020 station normals · Average daily high (°C)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Average daily high (°C) |
|---|---|
| Jan | 29 |
| Feb | 29 |
| Mar | 29 |
| Apr | 31 |
| May | 31 |
| Jun | 32 |
| Jul | 32 |
| Aug | 32 |
| Sep | 32 |
| Oct | 31 |
| Nov | 30 |
| Dec | 29 |
Rainfall through the year
1991–2020 station normals · Mean monthly precipitation (mm)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Mean monthly precipitation (mm) |
|---|---|
| Jan | 32 |
| Feb | 12 |
| Mar | 14 |
| Apr | 28 |
| May | 78 |
| Jun | 130 |
| Jul | 114 |
| Aug | 87 |
| Sep | 108 |
| Oct | 167 |
| Nov | 117 |
| Dec | 58 |
What's nearby 344 places
Getting there
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Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Waterview Home Just Off Smb Corridor Seven Mile Corridor | 0 min walk | 4 | CI$1,595,000 |
| #202 Aqua Bay Unit, Seven Mile Beach With Approved Planning Seven Mile Beach | 5 min walk | 3 | $4,885,000 |
| Boggy Sands Club Coral 1 Seven Mile Beach | 6 min walk | 5 | $3,150,000 |
| Boggy Sands Club With Two Storage Units Seven Mile Beach | 6 min walk | 4 | $2,850,000 |
| 19 North 2 Bed Seven Mile Corridor | 7 min walk | 2 | CI$465,000 |
| 19 North 3 Bed Corner Unit With Lake View Seven Mile Corridor | 7 min walk | 3 | CI$575,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
6 other properties in Seven Mile Corridor advertised at within 25% of this price. Their median asking price is CI$4,000,000 — this one is asking 1% less. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Heavy Industrial Land- Prime 1.062 1 Acre Lot- Rare Find!! | Seven Mile Corridor | — | CI$3,988,888 | +1% |
| Stone Island #1302 - Phase Two | Seven Mile Corridor | 3 | $4,000,000 | +1% |
| 4-acre High Density Land Parcel Off Esterly Tibbetts Hwy | Seven Mile Corridor | — | $3,850,000 | -3% |
| Stone Island #1303 - Phase Two | Seven Mile Corridor | 3 | $4,100,000 | +4% |
| Stone Island #1202 - Phase Two | Seven Mile Corridor | 4 | $4,100,000 | +4% |
| Stone Island #1501 - Phase Two | Seven Mile Corridor | 3 | $3,800,000 | -4% |
Questions this raises
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