$
37 million luxury penthouse, the first new build for a Caribbean‑based Mandarin Oriental hotel, is now on the market. The full‑floor residence is part of the Mandarin Oriental Residences in Grand Cayman and will be ready for move‑in in 2028 after construction began in February 2025.
Perched 125 feet above sea level on St. James Point—the island’s highest spot at its southern tip—the penthouse offers uninterrupted ocean views and a tranquil setting far from Seven Mile Beach. The 6,242‑sq‑ft interior spans five bedrooms, five and a half bathrooms, a chef’s kitchen, a home theater, and a study. Each bedroom features an en‑suite limestone bath with a large soaking tub.
The 5,939‑sq‑ft outdoor area includes a summer kitchen, pergola dining space, oceanfront terrace, outdoor shower, and a private 750‑sq‑ft infinity pool with a sun shelf and loungers. The property sits on a 67‑acre site that will house a spa, gym, five restaurants, and five pools—one exclusive to residents.
Developed by Melkonian Capital Management and RAL Companies and designed by Reda Amalou of AW2, the penthouse is part of Mandarin Oriental’s first Caribbean project. The developers note that they accept major cryptocurrencies at their discretion for residences.
Grand Cayman, once famed as an offshore financial hub and featured in the 1993 film “The Firm,” has evolved into a culinary hotspot. The Cayman Cookout, hosted by chef Eric Ripert, has drawn culinary luminaries such as Daniel Boulud, Emeril Lagasse, José Andrés, and Andrew Zimmern.
