Compostela Apartments, George Town, Grand Cayman

The Caribbean is one of the most visited holiday destinations in the world and it continues to attract flocks of tourists every year. If you are the entrepreneurial type and you have a chunk of money to spare, you can make that money grow bigger over time by capitalizing on the region’s popularity. Buy a Caribbean villa or apartment and rent it out to tourists (or even locals). Peak months are from December to April, but even during off-peak season, the Caribbean still pulls in a steady stream of tourists.

Buying a property in the Caribbean is also easier for foreigners these days since most local governments have opened up their territories to foreign buyers and investors. As a bonus, you can use the property for your family and yourself whenever you’re in town for a holiday.

One property you might consider buying is the Compostela apartment complex in Grand Cayman—specifically on South Church Street, George Town. This complex has 16 units; 13 one-bedrooms, 2 two-bedrooms, and 1 three-bedroom. There is a common laundry room for tenants and the property also provides ample parking space. Not far from the parking area is a fairly large swimming pool which was recently upgraded.

The apartment complex was built in 1980, but it’s very well-maintained. It sits on a huge lot and there is plenty of extra space where new owners can build additional units.

The apartment complex has a very laid-back feel. It doesn’t try to be fancy, but it’s not shabby either. It’s unpretentious yet cozy and charming. And since Compostela has simple exteriors, there’s a lot of room for fun redesigning projects—not that the apartment complex needs it. It looks fine as it is, but for owners who have a creative eye, the uncomplicated features of Compostela are a great outlet for their artistic urges.

The entrance to the property, for example, is an unpaved driveway flanked by plots of Bermuda grass. It’s clean and pleasant, but a landscape designer will probably see it as a canvas full of design possibilities. New owners with a passion for decorating might also want to give Compostela a whole new look. The Compostela apartment complex has its own quiet charm, but it’s admittedly a bit lacking in personality. Adding some color to its mostly white structures is sure to liven up the place.

Buyers who can afford other properties more expensive than Compostela might be tempted to dismiss it due to its relatively humble appearance, but there is so much potential in this apartment complex. In fact, it currently brings in a gross annual income of more than $300,000 USD. It also has a very convenient location—being close to some of the best beaches and other amenities such as shops, schools, and hospitals.

With a little redesigning and a little promotion, new owners can greatly boost the earning potential and overall value of this property. If you have a passion for buying real estate and making the place even better than when you first found it, you’re definitely going to enjoy making a project out of the Compostela complex.


George Town Villas – Grand Cayman Condos

Grand Cayman Villas is a collection of luxury condominium villas on Grand Cayman. George Town Villas offer condominiums in a peaceful setting on Seven Mile Beach less than one mile from George Town, Grand Cayman. You’ll find a swimming pool and a lighted tennis court on property for your enjoyment. This beachfront property features nicely appointed, two bedroom, two bath condominiums in a tranquil setting on the southern end of Seven Mile Beach. A private patio/balcony offers views of the turquoise Caribbean waters and the nicely landscaped, well kept grounds.

Features and Amenities

Each villa is individually furnished and delightfully decorated with a tropical flair. Each features air-conditioning, 34 channel cable television (most also have internet service), large living/dining areas and fully equipped kitchens.   Large private patios in each suite overlook the swimming pool, gardens and offer a romantic ocean view of Seven Mile Beach bordered by clear, turquoise Caribbean waters. BBQ grills are available on the property. Amenities include a fresh water swimming pool, a free, staffed Fitness Center (at nearby property), free off-street parking, a barbecue grill, beach chairs, tennis courts, snorkeling, and more. Bars, shops, restaurants and a dive shop are close by.

Grand Cayman Island’s luxurious George Town Villas offers spacious, oceanfront condos on the quiet, southern end of Seven Mile Beach. Located less than a mile from Grand Cayman Island’s quaint George Town, this luxury condominium resort boasts three acres of creatively landscaped, beachfront gardens in a peaceful, relaxed location close to George Town’s many amenities, restaurants, shopping, a top dive operation and excellent offshore snorkeling.


Grand Cayman’s cooling trade winds make for nearly perfect weather (averaging from 78 to 85 degrees year ’round) and enhance your enjoyment of the outdoor barbecue area, lighted tennis courts and magnificent sunsets. The Cayman Islands are just an hour from Miami, and are served by major airlines from Miami, New York, Atlanta, Tampa, Charlotte, Houston, New York, London (UK), and Jamaica. Weekly service and seasonal charters are often available from major cities such as Minneapolis, Detroit, Boston, Philadelphia, Chicago and Toronto.

Some of the best snorkeling in the Cayman Islands can be found just offshore from the resort. Tropical fish are abundant off the beach as well as around the coral reef located a short swim into the sparkling waters of the Caribbean Sea (snorkeling and diving equipment rental available at adjacent resort shopping).