The Caribbean Homes for Sale

The Caribbean Condo is a waterfront community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $999,250 to $4,000,000. Homes were built between 1941 and 2008. Pure Equity lists homes in The Caribbean and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers The Caribbean and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 5 The Caribbean Miami Beach homes for sale as of October 2026. The median asking price is $3.4M. Asking prices run from $999,000 to $7.0M.

That is 423% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $1,557 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 2,200 square feet of living area.

Listings here have averaged 78 days on the market. That is faster than the Miami Beach average of 174 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Caribbean date from 1941 to 2008. That puts them between 18 and 85 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

The Caribbean includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

The Caribbean is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Caribbean have a median asking rent of $11,000 per month, across 1 active rental listing. For comparison, the Miami Beach median is $3,500, so rents here run 214% higher.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific The Caribbean home.

Here is what the median The Caribbean price means in Florida closing terms. At $3.4M, a 20% down payment comes to about $680,000, leaving a loan near $2.72M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $9,517. Next, the intangible tax of 0.2% adds about $5,438. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $20,394 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent The Caribbean listings show assignments to North Beach (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.