Since the late nineties, with the development of The Pinnacle, Fraser Wellon’s real estate focus in Cayman has built its foundation on satisfying the desires of an increasingly discerning luxury condominium buyer. Arguably ahead of its time The Pinnacle created a sea change in attitude towards Seven Mile Beach condos whose primary function had previously been to create a revenue stream for owners with the personal use of the apartment almost seen as a secondary benefit. The Pinnacle heralded a new era and brought to Cayman the next level of wealthy home owner who could, not only afford to purchase a beach front condo in the Caribbean as part of a portfolio of multiple properties but had no desire to offset the cost of ownership with income from vacation renters, in fact the greatest value was placed on privacy and exclusivity and therefore for this new level of luxury development the daily vacation rental would become a thing of the past. Subsequent to an equally successful project in Grace Bay on the Turks and Caicos island of Providenciales, which also used the auspicious Pinnacle name, Fraser’s sights returned to Seven Mile Beach around mid 2000 with the redevelopment of a rare, privately owned home and yet another level of luxury condominium was born under the name Water’s Edge. It’s unthinkable now that three hundred feet of prime Seven Mile Beach frontage would be used to develop a project which housed just thirty five condominiums but Water’s Edge was built for the favoured few and the level of luxury buyer being sought was reflected throughout the building not least of all in the unique Owners Lounge. Situated beach side it covers almost two thirds of the ground floor and offers extravagant views from its sitting area and games room as well as from its state of the art Fitness Studio, a first for Cayman, it also offers a private massage suite and a kitchen to cater functions held privately by the Owner’s. Another first for Seven Mile Beach was seen as twenty four hour security was employed on property an unusual concept for many Cayman residents used to living with what must be one of the lowest crime rates in the world but a common place necessity among the world’s Ultra High Networth buyers it was looking to attract.
At a glance: Water's Edge #19 | List price US$4.65m | ML# 409080 | Listed: 11th July 2018 | Under offer: 3rd September 2018 | Sold 3rd October 2018
- 3bed + den | 3.5bath | 3,270 sqft (304 sqm)
- 4th floor south corner
- Owners lounge | Aproximately 12,000 sqft | Fitness studio | Massage suite| Catering kitchen
- Garage 2 spaces
- Water's Edge | 35 condos | 300ft beach front | Built 2007 | 6 stories | Onsite manager | 24hr security
- Rentals minimum 1 month
Water's Edge offers the Seven Mile Beach home buyer a level of luxury and exclusivity unmatched anywhere on the beach. With just thirty five luxury condos adorning three hundred feet of pristine Seven Mile Beach, Water's Edge has forty percent fewer apartments than the only other comparable luxury development WaterColours and with just six stories in the building this level of exclusivity has set a water mark that will never again be repeated. Created by Caribbean developer Fraser Wellon and built by Arch and Godfrey Water's Edge was designed and built to bring a new level of luxury real estate to the Cayman Islands, never before or since has so much space in a development been devoted to a common area to be shared and enjoyed by all Water's Edge residents. In the main tower of Water's Edge more than two thirds of the entire ground floor has been set aside as a luxurious area for owners to mingle, entertain and relax and all with a spectacular view of Seven Mile Beach and the Caribbean Sea beyond. The Water's Edge common area was the first development to offer an ocean front fitness studio along with a separate massage studio, the rest of the area comprises multiple sitting areas with big TV screens to watch the game, a pool table and tennis table a bar area and a fully functional kitchen ideal for catering the perfect party. The common room leads out onto an expansive pool deck and a unique three tiered infinity edge swimming pool which offers a perfect view of the palm shaded beach and Caribbean Sea beyond.
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Water's Edge, apartment Nineteen is located at the southern end of the fourth floor and is just one of seven other comparable corner units offered at Water's Edge giving it another level of exclusivity and value not to mention the additional windows that bathe the living area with light adding to an already spacious feeling created by the additional ceiling height. The grand double door entry way leads into to a wide reception hall through which beckons the inviting beach views beyond. Either side of the entry way are two large guest bedroom suites with private bathrooms, beyond these is a large utility room complete with separate washer, dryer and sink and to the opposite side a powder room complete with an additional storage closet. The luxurious and capacious kitchen beyond, will delight those with culinary intent providing a well thought out design that is the heart of an open plan living area complete with oversize dining and sitting rooms all enjoying a multi-million dollar view of Seven Mile Beach. But who wants to sit inside when the balcony offers the best seat in the house and what are undeniably some of the best views anywhere on Seven Mile Beach! This incredible space provides plenty of room for alfresco dinning as well as sunbeds for catching the afternoon sun and the world famous Seven Mile Beach sunset. The commodious master bedroom enjoys the same beachfront view and has direct access to the main balcony as well as a private Juliet balcony, it also offers a large walk-in closet and a private bathroom suite with separate shower and tub. A large home office completes the apartment offering a multi-functional space that can also be used as a TV den or fourth bedroom.
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