Lighthouse Point

Grand Cayman, Cayman Islands

Fractional Ownership

Lighthouse Point Dive into Cayman's first eco-development with solar and wind power and find Lighthouse Point, nine new 2-bedroom oceanfront  condominiums uniquely constructed with 'green' technologies. Set in a rugged iron-shore landscape, this eco friendly development is surrounded by flora and fauna indigenous to the islands on the North West Point of Grand Cayman. It is a stunning example of old Caribbean architecture with unobstructed views of the Caribbean Sea from private balconies and diving from your front door.  The stone exterior blends naturally into the landscape, complemented by antique anchors, cannons and nautical features, including a Lighthouse. This unique development offers fractional (6 weeks), full ownership or vacation rentals year round with dive packages from Divetech. Not only solar/wind will greet you, but on-demand hot water heating, comprehensive water reclamation and re-use program, solid wood interiors (from sustainable forests of course) and many more features, including a daytime Cafe "Treats" and a dive shop operated by Divetech, one of Cayman’s premier dive operators.

Fractional Ownership The latest trend for active travelers is that property investors and holiday home owners are moving away from solely owning one single leisure property to owning fractional shares in one or more properties, for many reasons… With fractional ownership, unlike time share, you have a share in a property that you have free and clear title to.  Fractional ownership at Lighthouse Point entitles you to choose from use of your time in the Condo for vacation, renting it out for revenue or the ability to sell without restriction should you wish to dispose of your ownership. Appreciation of your asset can offer you vacation time in Grand Cayman, while retaining or growing your initial investment for the future.

Decor Lighthouse Point 2-bedroom/2 bathroom condo with queen sleeper sofa is outfitted in upscale solid wood 'Tommy Bahamas' furnishings and solid wood interiors, porcelain floors and glass block features. Recessed LED rope lighting and energy star fans are located throughout. Your private balcony overlooks the Caribbean Sea with teak furnishings. A fully designed and outfitted kitchen includes the latest stainless steel energy-star rated appliances with gas stove, double fridge/freezer, dishwasher, microwave  and washer/gas dryer. The entertainment center features 2 flat screen HD TV's (Living Room and Master Bedroom), surround sound, cable & Blue Ray DVD player.

Amenities Reclaimed old anchors and cannons are complimented by an antique street lamp and solid brass antique ship lighting. Your private 40 foot dock provides access for boating, excellent snorkeling and  diving from your front door with Divetech on site to serve you with diving, retail store, Blue Ray DVD rentals, equipment, digital camera, underwater scooter and Rebreather rentals. Treats Cafe restaurant on site offers sunrise to sunset dining, fresh bakery and local produce for fresh juices, soups, sandwiches and hot meals offering room service 7am - 7pm to your condo. For entertaining, enjoy the outdoor BBQ area with natural landscaping on the water's edge.

Low Annual Fees & Worry Free Maintenance Being 'green' is not only an environmental benefit but saves you maintenance and operating costs too. Annual fees for your Fractional ownership are$2527.78US ($421.30/ week). Included in your fee is worry free ownership of your investment vacation home. Your home will have all monthly invoices paid and monthly maintenance and cleaning performed, ready for your arrival.

Strata Bylaws The Condos offers spectacular breathtaking views of Grand Caymans west facing shoreline and sunsets. Fractional Condos external maintenance and administration is managed under the Lighthouse Point Strata Bylaws. Fractional owners have a subset of rules and monthly fees, all created for your quiet enjoyment and convenience. Included in the annual Fractional fees are items that would normally fall under homeowner maintenance, but are included to allow owners to move in any enjoy their vacation time without the worries of ownership and maintenance.

Ownership Fractional ownership is through the very secure method of share ownership in the registered Cayman Company "Lighthouse Point Condo# x, Ltd. " (“the Fractional Company”). This offers a protected and secure method of ownership. As a shareholder in the Fractional Company, owners should inquire with their tax advisor regarding deductions of the monthly expenses. You may trade your time block or a fraction of it with another shareholder by individual mutual consent between the 2 shareholders.

 Shares There are a total of 8 shares of 6 weeks each (48 weeks) and 1 Management share of 4 weeks. Multiple blocks of time can be purchased by a single owner, with each block of 6 weeks having 1 share attached to it. The registered holder of the Management Share (non-voting) is Lighthouse Point Development Ltd. (Jay and Nancy Easterbrook). These 4 weeks are used for maintenance of the Fractional Condo as needed, and when not needed, will be put in the short term rental pool with the net revenue contributed back to the Fractional Company to defer operating expenses. Owners not using their total 6 week blocks can also place any unused weeks in rental if they so desire, to the individual owners own financial benefit.

Purchasing A 10% deposit must accompany your Purchase Agreement with the balance due upon closing. Buyers are encouraged to visit Lighthouse Point as a final condition of the purchase agreement for a 4-night stay. The costs of your vacation time will be refunded 100% upon closing. Share certificates will be issued upon occupancy.

Condo #1: Listed June 2009 / Condo #5: New Listing! Feb2010

"Living Lightly on the Planet” - Member US Green Building Council
Sotheby's International Realty Cayman | 1 345 623-1234 | 1 345 525-2600

Sales: Howard McLauglin