Prime development opportunity adjacent to Grand Cayman Estates, an exclusive gated community featuring custom-built luxury homes starting at $1.3M. This 186 acre tract was originally intended as Phase III of Grand Cayman Estates and presents an exceptional opportunity for a developer to create a premier residential community in an already established luxury corridor. The property is situated beside a scenic 5-acre lake and walking trail, offering natural beauty and built-in lifestyle appeal for future homeowners. Recent land comps within Grand Cayman Estates have reached $195,000 for 1.5-acre lots, underscoring the strong value and demand in the immediate area. Property Highlights: * 186 undeveloped acres * Adjacent to luxury gated community * Next to 5-acre lake & walking trail * Strong surrounding lot sales * Ideal for estate lots or custom home development Restrictions & Development Conditions: No factories or industrial buildings; no rezoning for industrial use permitted. New development must be separately branded and not affiliated with Grand Cayman Estates. Separate entrance required; no access through Grand Cayman streets for construction or development activity. Buyers must conduct their own due diligence; public sewer connection required for lots under 1 acre. New owners responsible for 50% of lake upkeep and fish stocking expenses. This is a rare opportunity to develop a large-scale residential community alongside established luxury homes in a highly desirable setting.
Listing courtesy of Pristine Palaces Realty LLC.
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