The Cayman Islands, a British Overseas Territory in the western Caribbean Sea is a major world offshore financial centre that provide the highest quality of lifestyle since there’s no local taxes whatsoever: no property tax, no income tax, no capital gains tax and no inheritance tax, so it’s very favorite location for people of high net worth to make a luxury nest there.
Such one jewel, luxury beachfront mansion – Castillo Calibre, located on Grand Cayman Island (the largest of the three islands that make up the Cayman’s) for some time awaits its buyer. This 48,000 square feet mansion, likely the largest private home in the Cayman Islands is been on market since July 2010, when the price was $60 million. Since, the price is now lowered to $40 million, no doubt that amazing property, previously owned by software mogul Jerry Beck, will soon find its buyer.
In addition to natural advantages of Cayman Islands such as year round sunshine and a temperate climate, what make Castillo Caribe so desirable is an incredible list of amenities, including a massive formal dining room, wine room, home theater, billiards room with custom made bar, gym, steam room, spa, outdoor kitchen, staff quarters, swimming pool with stunning grotto, tennis court, 4 car garage and helipad. And not to mention a pristine white sandy beach in front of the mansion that offer breathtaking view on the crystal clear waters of the Caribbean Sea! [Sotheby’s International Realty]