Prospect, Patricks Island, George Town, Cayman Islands. - Hero Image
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Prospect
Patricks Island | George Town

The Signature of

Villa Style

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Cindy Raymond
Cindy Raymond
Presented At
$1,740,000
Bedrooms
4
Bathrooms
3
Living
3,300
SQFT
Stories 3
Fireplace
Office
Stone Countertops
Air Conditioning
Pergola
Garden
Balcony
Terrace
Outdoor Living Space
Pool
Water View
Waterfront
Ocean View
Oceanfront
New Builds
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Prospect, Patricks Island, George Town, Cayman Islands. , Patricks Island , George Town

Palacades #2 (4 Bed Oceanfront Villa)

PRICED US$200K UNDER RECENT VALUATION 

Welcome to your new oceanfront home.  This residence is absolutely incredible, direct ocean views from every floor and perfectly placed on one of Cayman’s most sought after streets, Old Prospect Point Road.  This 4 bedroom, 3.5 bathroom luxury home has its own private waterfront back yard with personal pool and covered patio.  Built like a fortress utilizing high end materials this property gives you the ’wow factor’ you are expecting.  

The Strata just completed a number a capital projects (all paid for by the Seller): new metal roof, resurfaced and painted exterior, new front door
  • new railings and exterior tile work to be completed.  The Seller recently installed a new AC system and new appliances.  This home is spotless and move in ready! <br/><br/>Old Prospect Point Road is quiet and peaceful, perfect for walking your dog or families bicycling.  The calm ocean views will never get old and can be enjoyed from every room.  Small, well managed Strata with affordable fees which includes insurance and pool maintenance
  • totally turnkey.  Plenty of storage both inside and outdoors.  Palacades #2 has it all, is perfect for your family and for weekend entertaining.  View today as these rarely come to market! <br/><br/> <br/><br/> <br/><br/> <br/><br/>Member of CIREBA.
CIREBA MLS 420002

Exterior

Property

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3D Street View Tour

Map showing Prospect, Patricks Island, George Town, Cayman Islands.

Property Location

Prospect, Patricks Island, George Town, Cayman Islands., Patricks Island George Town

Local Weather & Climate

Patricks Island, George Town

Current Conditions Updated recently
76 °F
Few clouds
Feels Like 77°F
Humidity 78%
Wind 12 mph
Visibility 6.2 mi
Sunrise 11:29 AM
Sunset 11:36 PM
5-Day Forecast
Sat 21 Mar
Clouds
High 76°
Low 76°
Sun 22 Mar
Clear
High 78°
Low 76°
Mon 23 Mar
Clear
High 78°
Low 77°
Tue 24 Mar
Clouds
High 78°
Low 77°
Wed 25 Mar
Clouds
High 79°
Low 77°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Patricks Island?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Our perspective on current market conditions in Patricks Island. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $174,000,000 20% down ($34,800,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$14,952
$14,952/day
Your home may appreciate while you sleep
$104,950/week $454,783/mo $5,457,400/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$95.7M
vs
OWN 📈 +$135.8M
$135.8M Potential Equity
vs $95.7M lost to rent over 10 years
$34.8M Down Payment Growth
3.9x
10yr
$135.8M
8.1x
20yr
$281.2M
12.6x
30yr
$439.5M
Wealth Comparison
×1,046
Equivalent to 1,046 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $439.5M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $204.9M +18%
Market $237.0M +36%
Optimistic $273.4M +57%
$135.8M est. equity
20 Years
Conservative $241.3M +39%
Market $322.7M +85%
Optimistic $429.7M +147%
$281.2M est. equity
30 Years
Conservative $284.2M +63%
Market $439.5M +153%
Optimistic $675.3M +288%
$439.5M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This house at Prospect, Patricks Island, George Town, Cayman Islands features 4 bedrooms with 3,300 square feet of living space.
This property offers 3,300 square feet of living space.
This property is listed at $174,000,000, which equals $52727 per square foot.
Based on current market indicators, Patricks Island shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Patricks Island, George Town. The property is situated in an established neighborhood with convenient access to local amenities and services.
Cindy Raymond

Cindy Raymond

RE/MAX Cayman Islands

License #01814636

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Mark Gaus

Mark Gaus

RE/MAX Cayman Islands

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