By Alexander Britell
The Caribbean real estate market continues to surge — and now one destination has set a new record.
A luxury villa in Grand Cayman has been sold in what was the largest home sale on record in the history of the Cayman Islands.
The sale of the Peninsula Estate in Crystal Harbour, which had been listed for $17 million, was handled by Provenance Properties.
“Provenance Properties is the official Christie’s International Real Estate affiliate in the Cayman Islands and trusted advisors in the art of connecting buyers and sellers of the world’s finest homes through our Christie’s network,” said Sue Nickason, Vice President of Marketing and Sales at Provenance Properties. “We were privileged to represent the Peninsula Estate. This sale represents the largest transaction for a condo or private residence on record in the Cayman Islands.”
Fleur Coleman, lead sales specialist at Provenance Properties and Christie’s Master Circle Member, handled the sale, along with Nikki Broadhurts of Cayman Islands Sotheby’s International Realty.
The six-bedroom, 10-bathroom, 25,000-square-foot home is set on a 1.75-acre lot on one of Grand Cayman’s most sought-after canal front locations.
Amenities range from a 45-foot koi pond to a 700-bottle wine cellar to commercial-sized European kitchens.
It’s also home to the largest residential swimming pool in Grand Cayman, along with 500 feet of dock space.
It’s yet another sign of the increasingly hot real estate market in the Cayman Islands, with more and more high-net individuals seeking the security and sanctuary of the destination.
For more, visit Provenance Properties.
— CJI
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