Residents of Rum Point, a small, jagged stretch of land that juts out from the North Side of Grand Cayman, believe that they’ve discovered the best place to live on the island. Once you spend some time in this fun, low-key neighborhood, you’ll understand why. Rumor has it that barrels of rum used to wash ashore onto the beach from shipwrecked boats—hence its name. Today, rum cocktails are still popular, as are mudslides, the creamy cocktail that was invented here at the Wreck Bar, in the 1970s. The beach has soft sands and warm shallow waters, as well as hammocks and beach umbrellas—perfect for naps. Rum Point is accessible by car or by boat, including the Cayman Ferries, and the beach often turns into boat party central on weekends. Villas and condos here are almost all located on the water, due to its peninsular location.