Your Very Own Cayman Islands (Tax) Shelter

  • Gimme Shelter

    We all know what Benjamin Franklin once said about death and taxes, but he may have only been half right. Modern medicine sometimes works miracles but it cannot, in the end, keep the Grim Reaper away. Arcane financial practices, loopholes in tax codes and offshore tax havens, on the other hand, have enabled some to avoid paying the high taxes that come with being a citizen of pretty much any country out there. Tax havens have come under increasing scrutiny since the late 1990s. However, offshore tax shelters like the Cayman Islands in the Caribbean Sea remain an attractive financial option for corporations and wealthy individuals who want to take advantage of a favorable – and legal – tax code. The Cayman Islands, one of the largest banking centers in the world, does not require residents or corporations registered on the islands to pay personal, capital gains or corporate taxes. In addition to a nearly non-existent taxation system, the Cayman Islands boast some of the Caribbean’s most pristine beaches, plus a variety of real estate options for the tax averse buyer hankering for a tropical hideaway. Photo Credit: Getty Images
    Castillo Caribe
  • Castillo Caribe

    A potentate, pooh-bah or jet-setting heiress with mountains of money to stash away should consider Castillo Caribe, an oceanfront mega-mansion with a whopping 48,000 sq. ft. of interior space, 250 feet of unspoiled private beach and a heart-stopping asking price of $59.5 million. Photo Credit: Sotheby’s International Realty
    Castillo Caribe
  • Castillo Caribe

    Castillo Caribe offers all the luxuries and features of a 5-star boutique resort including a cavernous, hotel lobby-sized great room that measures 5,000 sq. ft., more than twice the size of the average American home. Overhead is a sculptural ceiling created with woven wood strips and underfoot the floors are polished Jerusalem limestone. A tall wall of windows opens the great room to an entertaining terrace with picture-perfect views of the Caribbean Sea. Photo Credit: Sotheby’s International Realty
    Castillo Caribe
  • Castillo Caribe

    In addition to the gigantic great room Castillo Caribe also includes a banquet hall-sized dining room, high-tech his and her studies wired to the hilt, a cozy and casual lounge with a built-in bar and a state-of-the-art media room with tiered seating and a 120-inch screen. Photo Credit: Sotheby’s International Realty
    Castillo Caribe
  • Castillo Caribe

    Altogether, according to listing information, Castillo Caribe includes eight bedrooms: two massive master suites, two children’s suites, one teenager suite, one guest suite with two bedrooms and one staff suite. Each bedroom includes a private bathroom and some have walk-in closets and balconies. Photo Credit: Sotheby’s International Realty
    Castillo Caribe
  • Castillo Caribe

    Naturally Castillo Caribe offers state of the art security and home automation systems that control everything from the lighting, audio-visuals, heating and cooling and drapery, as well as the entry gates and security cameras. Recreation amenities include a vast 4,000 sq. ft. basement play room, an upper level television lounge, 400-bottle wine cellar, game room, simulated golf room, fully-equipped fitness room and spa facilities complete with mani-pedi station, massage room, sauna and steam shower. Photo Credit: Sotheby’s International Realty
    Castillo Caribe
  • Castillo Caribe

    Besides the 250 feet of sugar-sand beach, outdoor amusements at Castillo Caribe include a tennis court, cricket net, a bevy of hammocks hung between palm trees and a seaside swimming pool with Playboy-mansion worthy grotto with party-sized spa. For more information on Castillo Caribe contact Sheena Conolly (345-525-3333) or Heather Carrigan (345-525-3600) at Sotheby’s International Realty in the Cayman Islands. View the online listing at Castillo Caribe. Photo Credit: Sotheby’s International Realty
    Coconut Bay
  • Coconut Bay

    Let's face it: not everyone with money to squirrel away tax-free has 60 million smackers to spend on a Cayman Island mega-mansion. More modest budgets might consider a condo in the Coconut Bay development on the northwest coast of Grand Cayman Island. Photo Credit: Sotheby’s International Realty
    Coconut Bay
  • Coconut Bay

    A 1,276 sq. ft. penthouse level unit at Coconut Bay, offered fully furnished at $299,000, has two bedrooms, two bathrooms and an open-plan living/dining/kitchen area with white tile floor and vaulted ceiling. Photo Credit: Sotheby’s International Realty
    Coconut Bay
  • Coconut Bay

    Sliding glass doors open the living area to a small deck shaded by a vine-covered trellis that looks over one of the community’s two swimming pools and towards the ocean. Photo Credit: Sotheby’s International Realty
    Coconut Bay
  • Coconut Bay

    The Coconut Bay community offers residents a secure environment with lush landscaping, two swimming pools, a man-made beach area with sun beds and access across the rugged coral coastline to a ladder that allows divers to drop into the water for a little back yard snorkeling.For more information contact Bianca Hurlstone (345-943-1234) at Sotheby’s International Realty in the Cayman Islands, or view the online listing. Photo Credit: Sotheby’s International Realty
    Paradise Villas
  • Paradise Villas

    A 3,000-sq. ft. condo at the colorful Paradise Villas development on the east end of Grand Cayman currently carries an asking price of $515,000, little more than chump change to multi-millionaires in search of an offshore tax haven. Photo Credit: Sotheby’s International Realty
    Paradise Villas
  • Paradise Villas

    The four-story semi-detached condo has generous common rooms spread over two floors that include two sitting rooms, a dining room and a cook-friendly kitchen with granite counter tops. A ground floor patio leads directly out to the beach. Photo Credit: Sotheby’s International Realty
    Paradise Villas
  • Paradise Villas

    In addition to the three bedrooms and two full bathrooms on the third floor, a spiral staircase climbs up to the fourth floor study/office that has panoramic views of the Caribbean Sea. For more information contact Jonathan Sparrow (345-525-3400) at Sotheby’s International Realty in the Cayman Islands, or visit the online listing. Photo Credit: Sotheby’s International Realty
    Innesfree
  • Innesfree

    At $1.65 million, this meticulously maintained 3,385-sq. ft. West Indies cottage-style residence with 125 feet of reef-protected frontage on Frank Sound costs far more than a condo in the Caymans but offers the privacy and luxury of a single-family home. Photo Credit: Sotheby’s International Realty
    Innesfree
  • Innesfree

    The home’s interior spaces include a voluminous living room with vaulted tongue-and-groove ceiling detail, a rotunda dining room with a 25-foot peaked ceiling and an all-white eat-in kitchen. Two bedrooms in the main house each have private en suite facilities and a detached guest cottage offers another bedroom with private bath. Photo Credit: Sotheby’s International Realty
    Innesfree
  • Innesfree

    A covered terrace extends off the back of the house and leads to a bay-side sunken swimming pool, sea-side dining pergola and a lawn that leads down to the a private patch of sand. For more information contact Heather Carrigan (345-525-3600) at Sotheby’s International Realty in the Cayman Islands or visit the online listing. Photo Credit: Sotheby’s International Realty
    Bodden Town
  • Bodden Town

    For the high rollers and international real estate ballers who want to sink their tax free dollars into a high-priced trophy property there’s a sumptuous 1.28-acre waterfront compound with an asking price of $12 million near Bodden Town on Grand Cayman’s south shore. Photo Credit: Sotheby’s International Realty
    Bodden Town
  • Bodden Town

    The multi-pavilion property has 23,000 sq. ft. of living space–including 8,000 sq. ft of air-conditioned space–and includes casual but very generously scaled and luxuriously appointed rooms such as an airy eat-in kitchen with a vaulted and beamed ceiling and spectacular views over the beach towards the scenic Seven Mile Beach. Photo Credit: Sotheby’s International Realty
    Bodden Town
  • Bodden Town

    The nearly new compound was built in 2009 and includes a total of five resort-style bedrooms and six and a half bathrooms. Photo Credit: Sotheby’s International Realty
    Bodden Town
  • Bodden Town

    The cluster of pavilions that dot the property form a crescent shape the wraps gently around various patios, infinity edged swimming pool and a dining terrace with palapa roof and spectacular views of the North Sound. The property also includes a private beach area, boathouse and dock. For more information contact Sheena Conolly (345-525-3333) or Heather Carrigan (345-525-3600) at Sotheby’s International Realty in the Cayman Islands, or visit the online listing. Photo Credit: Sotheby’s International Realty
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  • More Extreme Real Estate

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