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Residential Commercial

About

Exclusive Waterfront Living

The Lagoons at Omega Drive consist of 13 townhomes nestled on the canal offering modern urban living in a quiet Cayman oasis. Situated on the serene North Sound Canal and beautifully designed, it’s perfect for small families or the busy executive. This cool collection of 2 & 3 bedroom townhomes each have a spectacular water front access and sweeping views. It’s the perfect place to settle in on your patio to watch the sun set after a long day.

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TECHNICAL DETAILS

Exclusivity & Serenity

13

units

Omega Drive

location

US$ 634k

starting price

1455-1700

sqft

Amenities

  • 2-3 Bedroom 2 ½ - 3 ½Bathroom
  • Private Balcony
  • Waterfront Patio
  • Laundry room
  • Walk In Closet
  • Powder Room
  • Hurricane Resistant Windows and Doors
  • Dual Zone AC
  • Tankless Water Heater
  • Solid surface countertops
  • Stainless steel appliances
  • Chrome Finishes

Project Information

  • Developers : ICP and PROVEN Properties Ltd.
  • Architect : Tropical Architectural Group Limited
  • Engineer : AMR Consulting Engineers
  • Project Manager : Charterland
  • Realtor Partner : Property Cayman
Interested? Lets Have a chat
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13 modern townhomes with unhindered views, their own boat dock, pool, gazebo and water views of the lagoon from balconies from the 2nd floor master bedroom as well as the patio off the living room. Who wouldn’t want to call this home? Whether you want to call The Lagoons home or investment property, these waterfront residences present an exciting opportunity to own a luxury vacation property while gaining an attractive return. So sail, walk, bike or ride to your oasis and sit back and relax. Enjoy unique spectacular views and discover why Cayman sunsets are legendary. Invite friends and family over to celebrate waterfront living at its best.

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FREQUENTLY ASKED QUESTIONS(FAQs)The Lagoons, Grand Cayman

1. What are the types of units at The Lagoons?

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The Lagoons has 13 units. They are as follows:

9 Two-Bedroom Townhomes -1455 SF
4 Three-Bedroom Townhomes -1700 SF

2. What are the prices for the townhomes?

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The selling prices for the units are as follows:

Two-bedroom townhomes – CI$520,000 or US$634,146
Three-bedroom townhomes – CI$625,000 or US$762,195

3. Will there be assigned parking for the apartment units?

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Yes. There are 28 parking spaces in total. Each unit will be assigned 2 spaces.

4. What is the projected completion date for The Lagoons?

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Construction is scheduled to complete in May 2022.

5. Will the units have water heater?

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Yes. There will be tankless water heaters installed in the units.

6. Will the units have Air Conditioners?

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A dual zone central air conditioning system unit will be provided for each townhome.

7. What are some of the finishes/fixtures that will be included in the townhomes?

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  • Modern cabinetry
  • Solid Surface Counter Tops
  • Chrome Finishes
  • Stainless steel appliances (Refrigerator, stove, microwave, washer&dryer)

8. What are the amenities at The Lagoons?

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The amenities are as follows:

  • Canal-front units with access to the North Sound
  • Boat Docks
  • Pool and Gazebo
  • Landscaped green areas
  • Assigned parking

9. What is the size of the pool?

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Main pool 25 ft x 10 ft

10. Are short term rentals allowed?

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Yes. The owners will be allowed to lease on a short or long-term basis.

11. What is the anticipated monthly rental income for the units?

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Two-bedroom townhomes US$3,650 (Furnished)
Three-bedroom townhomes US$4,300 (Furnished)

12. What is the anticipated monthly maintenance for the units and what does it include?

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These payments include the maintenance of the common areas, insurance, electrical and mechanical equipment, strata management.
Two-bedroom townhomes US$750
Three-bedroom townhomes US$880

13. What is the required deposit/payment structure?

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Mortgage Purchase
10% Deposit on signing agreement for sale.
Balance upon completion.

Cash Purchase

25% Deposit on signing agreement for sale

Further payments:

  • 20% due 90 days after signing agreement for sale.
  • 15% due 180 days after signing agreement for sale.
  • 15% due 270 days after signing agreement for sale
  • Balance on completion.