Lighthouse Point

Grand Cayman, Cayman Islands

Ownership

Ownership at Lighthouse Point

The  Cayman Islands have long been renown as a premier diving destination world wide with abundant marine life, colorful shallow reefs and sheer walls just minutes off shore. The tip of the 6,000 foot mountain top that breaks the surface in the middle of the Caribbean Sea can be your new home or vacation property.

Grand Cayman is the largest of the 3 islands that make up the Cayman Islands and hosts the International Owen Roberts airport with many daily flights. The Cayman Islands lie 480 miles south of Miami, nestled in the turquoise waters of the western Caribbean.

The British Overseas Territory offers a stable economy and flourishing real estate market for savvy investors, and a safe and upscale destination for home owners. Title to your condo at Lighthouse Point is free and clear, giving you security on your investment. Premier waterfront properties are in high demand and with only 3 Condos left for sale, we anticipate full ownership this year.

Another benefit to real estate ownership in the Cayman Islands are the lack of property and school taxes. There is a 6% stamp duty that is paid by the owner to the Government upon the transfer of title to your Condo.

Grand Cayman boasts world class accommodations from simple to the ultimate in luxury. LIghthouse Point is uniquely positioned in the real estate market; all owners will be connected to the ocean. Just minutes from Seven Mile Beach on the North West shoreline, this unique property is an upscale condo development that is outfitted in luxurious and efficient life style choices.  Ideal as a home or a vacation property, Lighthouse Point also offers excellent rental opportunities to the significant niche of vacationers coming here to dive and enjoy the Caribbean Sea.

As an eco-friendly development, owners will have one of the lowest operating costs available in the islands, derived from the efficiencies of the Green concepts being employed from the ground up. Owners will be proud of the Lighthouse Point community.

Ownership at Lighthouse Point including it's association with Divetech, a 17-year veteran of high quality diving service in Grand Cayman, will provide owners with a secure long term investment in the Cayman Islands.

Purchase Price - Clear title ownership

Prices are in effect through December 31, 2009

Strata Company

Lighthouse Point Strata Company is there for the management and enjoyment of the owners at Lighthouse Point.  Strata bylaws govern the general use of the property, to insure that owners have quite, undisturbed occupancy of their Condo. The efficiencies of the strata benefit the owners through economies of scale while insuring that the upscale and distinct features of Lighthouse Point are maintained in excellent condition.

Strata ByLaws and inclusions

• Insurance on property (not including contents)
• Third party liability insurance for all owners
• Internet access and usage fees with Broadband DSL & wi-fi
• Exterior maintenance fees (no painting, no watering, no landscaping costs, power washing stone every few years, dock repairs from time to time, driveways and parking lot)
• Exterior lighting will be supplied by battery power from the solar system (no cost other than replacements of batteries and lights every few years and light bulbs (lo energy/lo wattage)
• Maintenance of your own solar array (excluding battery replacement)
• Supply of wind generation to the strata, to feed back the meter to the benefit of all owners
• Supply of centralized, industrial propane with individual meters to each condo unit
• Maintenance of the garbage and recycling area and cans
• Monthly invoices sent with detailed back up data on the actual costs of running the strata (administrative costs) and monthly payments and book keeping of all strata outgoings and incomings
• Annual filings and company records kept in order with the CI Government
• Maintain the centralized gray water system & rainwater cistern
• Supply of cable TV services to the strata
• Maintain annual service on individual fire extinguishers

  We estimate that a typical electrical bill will be reduced by 75% with solar alone. Permission has been granted for the wind generator that will feed the CUC grid to further reduce costs. We estimate that the water bills will be reduced by 40% - 50% of normal usage from the gray water system and rainwater cistern.

Monthly strata fees will be estimated and payable 3 months in advance. Actual quarterly statements will reflect owners usage and adjust for any credit due or overages, which will be reflected on the next quarterly statement.

At present, the estimated monthly strata fee will be $613.US per month.

Email us to receive a copy of the Strata ByLaws

Financing and Purchase Options

We have created a number of attractive purchase options for your new home in Cayman, to allow the greatest flexibility to individuals. Depending on your needs, our financing options will allow you to choose what suits you best. To inquire about a mortgage in Cayman (upon occupancy) for can contact the following:

David N Gordon

Mortgage Manager

First Caribbean International Bank (Cayman) Ltd

P.O.Box 68, 25 Main Street Grand Cayman, KY1-1101

Cayman Islands

Tel: 345-815-2310 Fax: 345-815-2390/91

20% Deposit; balance due on closing

If you have any further questions or clarifications, feel free to contact us at any time.  We look forward to speaking with you soon!