The redevelopment of Lacovia sets a new standard for gracious, contemporary living in the Cayman Islands.
The complete redevelopment of the residential community of Lacovia
is poised to meet the growing demand for top-tier residential real estate on Seven Mile Beach. Fronting a pristine stretch of beach, the masterful design by award-winning Swedish architects OOAK
will transform the traditional condominiums into a collection of exceptional contemporary residences offering spectacular ocean views, flawless interior design and resort-inspired amenities.
The apartments are set within three beachfront buildings and range from three to eight bedrooms. There are 14 different floor plans available, including six penthouses and four sub-penthouses.
Ten-foot ceilings and sliding glass doors enhance the sense of the space and allow a seamless transition between open concept living areas and the expansive, glass-railed terraces.
Carefully considered chef’s kitchens and integrated dining spaces are conceived for easy entertaining with bespoke cabinetry, quartz countertops and Sub Zero and Miele appliances setting the stage for culinary creativity.
Serene bedrooms feature ample storage and sleek design details, bathrooms offer a spa-like experience, and in both floor-to-ceiling windows frame views of the Caribbean Sea.
Impeccable interiors are complemented by an enviable choice of amenities. Infinity pools flanked by garden decks,
private beach cabanas and complimentary non-motorised water toys provide maximum enjoyment of the beach location. The 24-hour fitness centre and club level lounge ensure ample indoor recreation options.
A concierge service is available to assist with all reservations and island activities, including booking personal training and spa services; beach and pool attendants are on hand to provide food, beverages, towels and more; and security guards are on duty 24 hours a day, seven days a week.
Short term rentals
As well as enjoying capital appreciation over the long term, owners at Lacovia have the possibility of generating an income from their property through a short term rental programme.
The programme promises a highly curated, exclusive vacation experience for visitors, with access to both on-site amenities and a range of bespoke activities available through a modern digital platform designed to showcase the best the Cayman Islands have to offer.
A desirable investment
The Cayman Islands’ accessibility, stable government, low crime rate, and modern infrastructure have long made it a desirable place to live. Its tax neutral status, lack of restriction on foreign ownership and a history of consistent property appreciation have equally made it a safe place to invest. The islands’ Covid-free status has further cemented its appeal as a place to both buy and reside.
Additionally, the Cayman Islands Residence by Investment plan, available to those purchasing developed property for over US$1.2 million, gives investors the option of living full-time in the islands and ultimately acquiring citizenship.
As a result, demand for luxury, contemporary residences on Seven Mile Beach is high, and available inventory is limited. This is reflected in the fact that, although redevelopment of Lacovia
does not commence until 2022, just 30% of units remain.