The Caymanian Times continues its focus on the many new residential developments that are currently underway on the island. This time we look at Indigo Bay in South Sound/Red Bay.
Indigo Bay is most definitely an upscale development, with prices that range from US$1,079,000 all the way to US$1,450,000 depending on the size and location of the unit. But what you will get for your money will be a beautiful townhouse in a low-density development of just 29 residences, ocean views and a setting very much geared to a pleasing, family-orientated lifestyle, all set in a brilliant location that’s minutes away from town.
Located at the eastern end of South Sound, near to the quickly evolving Grand Harbour, Indigo Bay offers owners stunning panoramic views from each one of their luxurious villas in this oceanfront community. The two and three storey homes provide energy efficiencies, hurricane elevation and protection, the latest construction technologies and stamp duty savings on raw land strata lots. The prices of the townhomes range with the location of the unit and the size of the individual property; however, all units deliver stunning panoramic ocean views. Prices start at US$1,079,000 for a 2,166 square foot property, US$1,199,000 is for 2,406 square foot villa and US$1,450,000 for the largest residence which features a garage and spans 3,367 square feet.
Mark Gaus, Sales Associate with RE/MAX Cayman Islands, says each three-bedroom residence is designed with privacy and relaxation in mind and offers what most people living in the tropics really desire: a seamless blend of indoor/outdoor living spaces.
He goes on to say that they are still at the original pre-construction prices which will be increased by a minimum of 10 per cent once construction begins, so prospective buyers would be wise to get on board now, before prices inevitably rise.
“Another great benefit is that stamp duty is only payable on the land value, which is a saving of between US$70,000 to US$90,000 when you enter into contract before 31st December 2019,” Mark confirms.
The development also features Indigo Park that runs the length of the development, a 500-foot park area which will feature outdoor yoga, walking paths, a large lap pool with separate kids’ pool and play area and a 150-foot dock with a cabana and boat slips.
“This complex is also extremely environmentally friendly and efficient not only with the construction methods but also with available solar panels and electric car charging,” Mark advises. “There will also be solar panels on the common Strata areas. Some additional amenities include state-of-the-art gym, clubhouse, covered parking, smart home technology and a storage unit for each residence. The development is pet friendly, family friendly and eco-friendly and will be very popular with professional couples and families who love outdoor oceanfront living, energy efficiency, modern construction technology and stunning panoramic sea views,” he says.
Mark advises that site work has begun as they are preparing and anticipate breaking ground in August 2019.
Contact Mark if you are interested: 1-345-324-9961, Mark.Gaus@remax.ky