The WaterColours, Grand Cayman is a collection of 60 private residences overlooking one of the most prestigious positions on Cayman’s famed Seven Mile Beach. The WaterColours take luxury and exclusivity to a whole new level, with residents enjoying unrestricted views of their own special part of Seven Mile Beach through spacious glass balconies.

Enhanced ceiling heights enhance the unlimited and unobstructed ocean views while marble, granite and rich wood finishes and Wolf, Miele and Sub-Zero appliances add to the five-star luxury of the property.

Transforming the WaterColours luxury development from its original six-storey complex to a nine-storey structure is great news for prospective buyers because it has created a one-time opportunity for investors to purchase a three or four bedroom residence on Seven Mile Beach starting at US$3.4 million.

Originally pegged at US$4 to US$5.5 million, the WaterColours residences saw a reduction in price because of the perfect timing of the announcement to permit construction to 10 storeys along the Seven Mile beach corridor.

Having already purchased the land on the understanding that the WaterColours would be a six storey construction, the developer decided to increase to nine storeys, just as the substructure work was being undertaken, an easy point in the construction process to make the change. By adding the extra 21 units and not taking any further profits, the developer was able to pass a saving on to investors of over US$1 million per unit.

The move to take the WaterColours to nine storeys has resulted in a healthy interest by savvy investors who realise that this is a once-in-a-lifetime opportunity that is too good to be missed.

For more information go to: http://www.dreamfinders.com/?page=watercolours

Speaking on CITN/Cayman27 on Tuesday (18) Kim Lund of RE/Max Cayman Islands said the developer, Frazier Wellen, “was one of the few developers who worked through the whole recession and really the only developer on Seven Mile Beach with the guts to weather through this recession.”

Construction is slightly behind schedule, Lund said but that hasn’t hurt sales. Some 35 of the WaterColours’ 57 units have already been sold. Prices vary in range from $3.5 million to $8.9 million.

“Seven Mile Beach is starting to finally get some traction again in terms of sales. We’re starting to see some new money come into the market which we haven’t seen for the last 3-4 years,” he said.