Press

The forthcoming Mandarin Oriental Residences, Grand Cayman has just unveiled its Ocean House Penthouse with a price tag of $37 million. The five-bedroom, 5.5-bath stunner dubbed “the crown jewel of the Caribbean” spans more than 12,000 square feet—split about evenly between interior and exterior spaces. The unit boasts a sleek design from the Paris-based firm AW2 that doesn’t compete with the spectacular ocean views.

One of the Caribbean’s most rarefied listings, the Ocean House Penthouse at Mandarin Oriental Residences, Grand Cayman represents the ultimate expression of coastal luxury. Developed by Melkonian Capital Management and RAL Companies, the $37 million residence crowns the Ocean House building as the “Crown Jewel of the Caribbean.”

Perched above an ocean cliff, a modern Caribbean penthouse is hitting the market for $37 million, Gimme can exclusively reveal. Part of the Mandarin Oriental Residences, Grand Cayman, the splashy full-floor home comes with five bedrooms, 5½ baths, curves and terraces that blend indoor and outdoor living.

Credit cards gained early traction among business travelers and high-net-worth consumers before spreading to the mass market. Similarly, digital wallets first became fashionable in high-frequency urban transport and eCommerce before seeping into suburban grocery stores.

The decision this month by the developer behind Mandarin Oriental, Grand Cayman, to accept cryptocurrency for its multimillion-dollar private residences can be seen as just the latest example.

In a move that signals a significant evolution for the luxury property market, the developers of the Mandarin Oriental Residences, Grand Cayman, have announced they will accept major cryptocurrencies for the purchase of their exclusive beachfront homes. This isn’t merely a novel payment option; it’s a strategic embrace of the future, aligning one of the world’s most prestigious hospitality brands with the Cayman Islands’ ascendant status as a premier global hub for fintech and digital assets.

For property hunters — crypto or otherwise — Grand Cayman and its capital George Town have clear attractions. Residents pay no income or capital gains tax and no annual property taxes; the islands’ golden visa programme offers a direct path to residence for those investing a minimum of $2.4mn in Cayman real estate.

The quality of the property is evolving to reflect an increased demand from international buyers, and Mandarin Oriental recently launched new-build residences (from $8mn).

“Grand Cayman has hit the sweet spot for crypto investors,” says Gregory Surabian, senior managing director of Melkonian Capital Management, developers of the 42-residence project. “There has been substantial interest from a range of buyers from fintech and family offices to digital expats from around the world.”

The developers of the ultra-luxury Mandarin Oriental Residences in Grand Cayman, Melkonian Capital Management and RAL Companies, have announced they will now accept major cryptocurrencies for the purchase of homes, subject to their discretion.

The strategic decision leverages the Cayman Islands’ growing reputation as a premier global hub for fintech and digital assets. The press release emphasizes the jurisdiction’s sophisticated regulatory framework, specifically the Virtual Asset Service Providers (VASP) framework, which provides institutional-grade security and KYC/AML protocols for digital transactions under English common law.

When the curtain lifts on the Mandarin Oriental Grand Cayman and its luxe Ocean House Residences in early 2028, fans of the Caribbean island will have a posh new option for sea breezes and ocean views.

Removed from bustling Seven Mile Beach and the crowds, the resort snuggles amid 67 lush tropical acres, 35 feet above Caribbean waters at St. James Point. From this cliffside perch, sun worshippers will get access to a 1,000 foot stretch of private sand and Cayman’s famously clear waters.

The Mandarin Oriental Grand Cayman has officially launched sales of its new residences—and they’re more expansive than previously announced.

Melkonian Capital Management and RAL Companies has announced the official groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman which is destined to be the island’s most exclusive enclave featuring the new Mandarin Oriental, Grand Cayman Hotel. Scheduled for completion in Q1 2028, the development marks Mandarin Oriental’s first new construction resort and residences in the Caribbean and is set to deliver an unparalleled level of luxury.

Mandarin Oriental Residences, Grand Cayman, offers ultra-luxury residences where the comforts of a private home combine with unsurpassed amenities and the legendary service of Mandarin Oriental.

In the Caribbean’s rarefied air of quiet wealth and intentional design, Mandarin Oriental, Grand Cayman arrives not with fanfare—but with quiet confidence. Developed by Melkonian Capital Management and RAL Companies, the 67-acre oceanfront sanctuary opens in St. James Point, a stretch of coastline known only to those who seek both privacy and prestige. Just 20 minutes from Owen Roberts International Airport, the destination signals a meaningful departure from Seven Mile Beach’s increasing sprawl.

Mandarin Oriental Hotel Group is arriving in the Caribbean. Construction is underway on the Mandarin Oriental Residences, Grand Cayman, marking the brand’s first new-build resort and residential project in the Caribbean.

Melkonian Capital Management and RAL Companies today announced the official groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman which is destined to be the island’s most exclusive enclave featuring the new Mandarin Oriental, Grand Cayman Hotel. Scheduled for completion in Q1 2028, the development marks Mandarin Oriental’s first new construction resort and residences in the Caribbean and is set to deliver an unparalleled level of luxury.

Developed by Melkonian Capital Management and RAL Companies, this exclusive enclave is poised to redefine the island’s high-end real estate and hospitality scene. Featuring the new Mandarin Oriental, Grand Cayman Hotel, this development brings the globally renowned brand’s signature elegance and service to one of the Caribbean’s most coveted destinations.

Melkonian Capital Management and RAL Companies announced the official groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman which is to be the island’s enclave featuring the new Mandarin Oriental, Grand Cayman Hotel. Scheduled for completion in Q1 2028, the development marks Mandarin Oriental’s first new construction resort and residences in the Caribbean and is set to deliver an unparalleled level of luxury.

Mandarin Oriental Hotel Group is continuing its strategic expansion with a series of recent acquisitions, including the landmark Hôtel Lutetia in Paris and the Conservatorium Hotel in Amsterdam, both of which will be rebranded under the Mandarin Oriental name.

It’s not every day that Mandarin Oriental unveils a new resort in the Caribbean—let alone one where buyers can claim a private slice of paradise at the top. But on Grand Cayman’s rarefied shores, the brand’s first-ever new build in the region has officially launched sales across its 42 Beach House Residences, including a listing priced at $12.25 million.

In an extraordinary confluence of architectural mastery and five-star hospitality, the Mandarin Oriental introduces its first-ever new-build resort and residences in the Caribbean: Mandarin Oriental Residences, Grand Cayman.

Mandarin Oriental Grand Cayman, the hotel brand’s first-ever new build resort and residences in the Caribbean has unveiled new designs for Ocean House Residences from Paris-based renowned architect AW2. Nestled in a private enclave, this collection of ultra-luxury residences encompasses 22 exquisitely crafted two-, three-, and four-bedroom residences.

Designed by Reda Amalou of AW2, the Ultra-Luxury Ocean House Feature Expansive Terraces, Bespoke Interiors, and Full Access to Mandarin Oriental Grand Cayman’s Five-Star Resort Amenities

Melkonian Capital Management and RAL Companies have announced the official groundbreaking of Mandarin Oriental’s first newbuild resort and residences in the Caribbean.