A Glamorous Triplex Penthouse in the Cayman Islands Can Be Yours for $38.8 Million
- The Cayman Islands is a luxury tourism destination known for its stunning beaches and high-end hotels, as well as its status as a renowned tax haven.
The Cayman Islands encompasses three islands— Grand Cayman and the smaller Cayman Brac and Little Cayman—in the western Caribbean Sea and plays host to impressive five-star hotels that are moving the needle when it comes to luxury tourism in the Caribbean . The allure of the islands, however, extends beyond just stunning beaches and excellent hotel offerings.
The Cayman Islands' international status as a renowned tax haven presents an interesting advantage to affluent buyers. And, if you have several tens of millions to shell out for the ultimate oceanfront home, the second-most-expensive residence currently available within the British Overseas Territory, priced at a whopping $38.8 million , can now be yours. Called The Pearl, the triplex penthouse is within The Watermark, a lavish condo building developed by Fraser Wellon and perched directly above Grand Cayman's iconic Seven Mile Beach.
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The bar area doubles as a library with lighted bookshelves.
The entire development wouldn't look out of place in a luxury Miami condo, with high-level finishes and materials from Julie Charbonneau Design. The Watermark complex, including The Pearl and its many amenity spaces, will be completed by mid-2025 and is poised to be one of the most luxurious and expensive condo buildings on the island. Kim Lund, broker/owner of the Lund Team at Re/Max Cayman Islands, holds the listing.
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The 10,000-square-foot aerie has five bedrooms, five bathrooms, and a powder room, as well as commodious living spaces, filtered across three floors. The entire residence has a light color palette and materials like white marble and light oak for cabinetry and floors. Paired with sleek, neutral furnishings and curved, clean lines, the entire penthouse has a breezy and ethereal vibe.
The heart of the home is a spectacular living and dining room with soaring 22-foot-high ceilings, fluted columns, floor-to-ceiling windows, and sculptural light fixtures. Nearby is a sculptural bar crafted from black marble. The penthouse's rigorous design extends to the clean-lined kitchen, which is swathed in vein-matched slabs of white marble, with an eat-in island, state-of-the-art appliances, and lighted cabinetry. Off the kitchen is a charming family room, and elsewhere is an office/library.
The kitchen sports vein-matched slabs of marble on the countertops and backsplash.
A floating staircase leads to the upper floor bedrooms and terraces. Each guest bedroom has a walk-in closet and private bath, while the palatial primary suite has its own seating area and a vast, spa-like bathroom. The residence is topped with an impeccable, landscaped rooftop with plenty of room for relaxed outdoor dining and lounging, as well as an infinity-edge pool that seems to melt into the ocean.
If you feel compelled to venture out of your residence (and you should), residents and guests have access to a chic gym, private dining rooms, a sumptuous lounge with a wine library, a boardroom, and a 16,000-square-foot luxury spa and fine-dining restaurant. On-property chefs are available for in-residence dining. Not just that, but Seven Mile Beach is considered one of the Caribbean's best beaches, prized for its super-soft sand and clear, calm waters that have a mesmerizing turquoise hue, and the capital city of George Town is a short drive away.
Click here for more photos of the Caribbean aerie.
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