Who are the people that own these $60 million properties around the world? Seriously!?! You know this isn€™t their only residence either. This behemoth situated on Grand Cayman, the largest of the three islands that make up the Cayman€™s, ismegantic (that€™s mega and gigantic in one word). Words cannot describe the grandeur of this space, so here€™s 29 pictures that will leave you dazed and confused.
CASTILLIO CARIBE €“ GRAND CAYMAN, CAYMAN ISLANDS
List Price: $59,500,000 USD
Interior: 48,000 square feet (4,459 square meters)
Unique Amenities:
Helipad
Wine Cellar/Grotto
Tennis Court
Outdoor Kitchen
4 Car Garage
Billiards Room
Exercise Room
Spa/Hot Tub
Staff Quarters
Steam Room
In-Home Fitness Center
Media Room/Home Theater
CAYMAN ISLANDS €“ TAX-FREE LIVING
- The Cayman Islands have no local taxes whatsoever: no property tax, no income tax, no capital gains tax and no inheritance tax
- The government receives the majority of its income from indirect taxation. Duty at is levied against most imported goods, which is typically in the range of 22% to 25%. Some items are exempted like baby formula, books, cameras and certain items at a reduced rate of 5%
- Financial institutions that operate in the islands are charged a flat licensing fees by the government, in addition to work permit fees on foreign labour
- The Cayman Islands are the fifth-largest banking center in the world, with $1.5 trillion in banking liabilities. There are 279 banks (as of June 2008), 19 of which are licensed to conduct banking activities with domestic (Cayman-based) and international clients, the remaining 260 are licensed to operate on an international basis with only limited domestic activity
ALL INFORMATION AND PHOTOGRAPHS VIA SOTHEBY€™S INTERNATIONAL REALTY
