Olea, Camana Bay, Cayman Islands
Just south of the Town Centre, OLEA – Dart’s only for-sale residential community in Camana Bay – is coming to life, with the first residents scheduled to move in at the end of May 2021.
Words by Natasha Were.
Comprised of 132 residences artfully integrated into green spaces and around community facilities, homes at OLEA include a mix of condominiums, townhomes and duplexes.
Condominiums offer open-plan living spaces and private terraces in one-, two- and three-bedroom configurations, overlooking the community’s recreational areas.
The townhomes, available in three- or four-bedroom layouts and two- or three-storey floor plans, lie at the heart of the community. These family residences feature double carports, small gardens and terraces; some also include a private pool.
The duplexes, set along the canal front, offer the feel and privacy of a freestanding home. These three- or four-bedroom family homes feature spacious open plan living areas, private pools, garages, and secluded gardens next to the waterway.
With all condos, and indeed 90% of all homes in Phase 1 and 2 now sold, the developer has released Phase 3, making additional townhomes and duplexes available. Further condos will be released in Summer 2021.
A Green Community
An eminently walkable development, OLEA is distinguished by its inviting public spaces as much as its private homes. A verdant, leafy neighbourhood, it is connected by footpaths and a boardwalk along the canal front. Within the grounds, residents will find an unrivalled collection of amenities, including a resort pool, the island’s only lazy river, a yoga and meditation lawn, children’s playground and a community garden where residents can plant their own fresh herbs and produce.
A joint venture between Dart Real Estate and NCB Group – two very environmentally conscious organisations – OLEA’s energy-efficient design and construction has earned it the ‘Best Sustainable Residential Development in the Americas’ award at the 2019-2020 International Property Awards. The overall plan includes insulating and durable ICF construction, Cayman’s most extensive residential solar array, a closed-loop geothermal cooling system, Low E windows, LED lighting and energy-efficient appliances, all implemented to minimise the use of natural resources and keep utility costs exceptionally low.
Design & Aesthetics
Throughout the community, ship-lapped exterior walls, louvred shutters and architectural features by Trio Architecture create a contemporary coastal Caribbean aesthetic, while natural light illuminates indoor spaces, and the careful orientation ensures maximum natural ventilation.
High-quality fixtures and finishes – matte Shaker-style cabinetry, quartz countertops, wood-look floor tiles and Kohler kitchen and bathroom hardware – create elegant, welcoming interiors. Owners can choose from several colours and material options to personalise kitchens and bathrooms.
Additionally, optional furniture packages have been created to appeal to discerning buyers who appreciate refined design but want the feel of a home. Curated by IDG and Design Studio with OLEA’s essence and ethos in mind, packages come in a variety of themes, including classic, coastal and urban styles.
Stamp Duty Savings, Rental Income
Situated south of Camana Bay’s Town Centre and alongside its harbour, OLEA’s location is ideal for families and professionals requiring easy access to work, school and recreation. Cayman International School, the Camana Bay Sports Complex and the offices, shops and dining venues of Camana Bay are all accessible on foot.
The idyllic lifestyle and community spirit of OLEA hold excellent appeal for long-term residents. For those considering investing in real estate in Cayman, OLEA offers potential for rental income. Before June 30th, 2021, those who purchase will pay no stamp duty, representing a significant savings. Residences at OLEA start at US$699,950.
Dart Real Estate: https://www.dartrealestate.com
NCB Group: https://ncbgroup.ky
Trio Architecture: https://www.trioarchitects.com
Design Studio: www.designstudio.ky
Camana Bay: https://www.camanabay.com
comments powered by Disqus
1503 Property Group continues its expansion into the Cayman real estate market with the ap...
According to the latest Market Report, the average residential property price in the Cayma...
CaribbeanMGT offers RICS regulated Real Estate Broking, Tech Products and High-Performance...
Cayman Villas is the islands premier holiday rental agency having created dream vacations...
There are only a few units remaining in the successful developments of Arvia and Bahia by...