A custom-built oceanfront estate in the Cayman Islands, which was once asking $11.5 million, will be sold to the highest bidder without reserve and regardless of the amount of the auction’s highest bid on October 7. Miami-based Platinum Luxury Auctions manages the sale. Cayman-based RE/MAX Cayman Islands, represented by brokers Kim Lund and Cindy Raymond, is the brokerage of record for the transaction.
Located on Grand Cayman within the small town of Savannah, the oceanfront estate was custom built in 2004 by its only owner – an international businessman from London. He tapped architects Arek Joseph and Wil Steward of the Caymanian firm of Chalmers Gibbs Martin Joseph, as well as internationally renowned designer Pam Anderson, who specializes in luxe hotel interiors.
The three-structure property consists of a two-story main residence, a separate guesthouse, and a caretaker’s cottage. The structures combine to offer a total of 9 bedrooms, 7.5 baths and more than 12,600 square feet of living space. The main residence includes a grand salon with walls of windows and soaring ceilings, a chef’s kitchen, dual primary bedroom suites, sprawling oceanfront terraces and screened loggias.
The estate sits on a rare “double lot” on the ocean, which measures approximately 2.3 acres and offers 235 feet of linear frontage on the Caribbean Sea. The ocean-facing side of the home boasts southern exposure. Outdoor living areas include multiple dining and lounge areas, a built-in summer kitchen/BBQ, and a spectacular pool that features black mosaic tiling, underwater speakers, fiber optic lighting, an infinity edge with a waterfall wall, and an adjacent spa. The large pool was designed so that 100 laps precisely equal one mile.
The property is located within minutes of the capital city of George Town, the Caymans’ financial epicenter and home to a variety of shopping, dining and entertainment amenities. The Owen Roberts International Airport, the Cayman Islands’ primary airport, is within a 15-20-minute drive of the doorstep.
Bidders wishing to participate in the auction sale must formally register with Platinum on or before the deadline of 5pm CT, on Wednesday, Oct 5, 2022. Platinum is offering its standard “remote” bidding capabilities for those bidders who cannot be physically present for the sale, which will be held on the property site or at a nearby venue.
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