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Coral Stone Club Ownership
The Coral Stone Club on Grand Cayman Island is a Brian Butler Development completed
in 1994. It consists of 33 custom-designed vacation rental units with 3 bedrooms
and 3 baths; and a double unit of 4 bedrooms and 4 bathrooms with enhanced living
and dining areas. There are currently 15 original owners and 15 families that have
owned over 6 years.
In January, 2005, Coral Stone Club initiated a major renovation to the complex.
This was partially
due to Hurricane Ivan, but, the main thrust came from the commitment of the owners
to make
Coral Stone Club a first class property that would withstand a Category 5 hurricane
with minimal damage. Engineers were brought in to design and develop all structures
to the specifications
necessary to meet these criteria. Lighting designers, structural designers and landscape
architects
were hired to redesign the look and feel of the property.
Today, the newly renovated Coral Stone Club stands as one of
the premium vacation rental properties on Seven Mile Beach.
Exterior renovations
- All windows and doors were replaced to meet and exceed Dade County’s highest hurricane
standards.
- A new standing seam roof was installed which meets all modern hurricane codes.
- New air compressor stands were erected on the roof and the compressors were secured
to meet the new hurricane codes.
- A complete new lighting system was installed around the property.
- All exterior deck tiles were removed and custom-design tiles were installed on the
ground floors and Italian tiles were laid on the upper decks.
- All buildings had their original surfaces removed. Architectural accents were added
and new Acrocrete surface was applied.
- New landscaping, throughout the property, included the addition of palm trees framing
the pool and beach areas. The components of the new exterior now give Coral Stone
Club a modern Caribbean look.
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Interior renovations
While all this was happening to the exterior, each unit owner undertook
complete renovations to their own vacation rental units. Interiors were stripped
down to the concrete walls. These units now have new floors, custom-designed bathrooms,
kitchens and many unique features that make each unit different.
The Beach
The true capital appreciation of any building on Seven Mile Beach is directly correlated
to the amount of beach frontage owned by the strata. The Coral Stone Club is in
the unique position of owning 420 feet of beach. This is shared between 36 owners.
With current valuations running in excess of $160,000.00 per linear foot, the value
of beach front belonging to the Coral Stone Owners far exceeds that of many other
properties. This is an important feature to keep in mind when comparing the Coral
Stone Club to other Seven Mile Beach properties.
Being a Part of the Family
We have now been residents at Coral Stone for a month. What a month! Moving back
to Cayman after a 3-year post-Ivan hiatus, we made it just in time to re-pack everything
just unpacked to be ready for Dean! Thanks to you, and all of your staff, we are
certain our condo here has been the right move. You and the staff were the deciding
factors in our purchasing this apartment, rather than the other one we were seriously
considering. Your assistance (and the help of your staff) with professional, cheerful
assistance
during the moving days, the hurricane preparations, and since: just the best. The
owners we have met, have made our first month here a very very good one.
Thanks again to all of you,
Satisfied Owner
If you are interested in joining the Coral Stone Club family, please contact
Jann Medeiros at
1-345-945-5820 or email at mgr@coralstoneclub.com regarding
current availability of units for purchase.
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