206 Caribbean Road, Palm Beach, FL 33480 — MLS photo

Get More Info About This Property

206 Caribbean Road, Palm Beach, FL 33480

Active · SingleFamilyResidence

$14,995,000

206 Caribbean Road, Palm Beach, FL 33480

Beds
4
Baths
5
Living area
4,187 sq ft
$ / sq ft
$3,581/sq ft
Year built
2026
Lot size
9,746 sq ft
HOA fee
—
Annual tax
$77,958

About this property

Exceptional new construction located in the coveted North End of Palm Beach, 206 Caribbean Road is a meticulously designed two-story residence offering timeless architecture, refined interiors, and seamless indoor-outdoor living, with anticipated completion at the end of March 2026. Thoughtfully designed for both everyday comfort and elegant entertaining, the home features dramatic vaulted ceilings with exposed wood beam detailing, expansive impact glass doors, and an open concept great room that flows effortlessly into the covered loggia and resort style saltwater pool and spa. Expansive impact sliding glass walls and doors create seamless indoor-outdoor living while filling the space with natural light. The outdoor entertaining area is complemented by a fully equipped summer kitchen and relaxing lounge area, creating the perfect setting for hosting while surrounded by lush, private landscaping. The custom chef's kitchen is centered around an oversized island with natural stone countertops, bespoke cabinetry, and premium Sub-Zero and Wolf appliances. High ceilings, wide-plank flooring, and carefully crafted millwork continue throughout the home, reflecting exceptional quality and attention to detail. The first floor primary suite offers a private retreat with a spa inspired bath featuring full stone finishes, walk-in shower with seating, custom vanity, and a boutique style dressing room. A flexible downstairs den can also serve as a fourth bedroom or guest suite, while additional guest bedrooms upstairs provide comfort and privacy. Designed with a focus on modern convenience and security, the residence features a full Lutron low-voltage lighting system, integrated smart home capabilities, a comprehensive security system, and a generator for added peace of mind. Ideally situated just steps away from the beach with convenient nearby access, this is a rare opportunity to own a newly constructed home where every detail was thoughtfully considered.

Property location

Get Directions

206 Caribbean Road, Palm Beach, FL 33480

Loading property location…

Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,187 sq ft
Flooring
Hardwood, Wood
Appliances
Some Gas Appliances, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry, Dual Sinks, Eat In Kitchen, High Ceilings, Kitchen Island, Living Dining Room, Main Level Primary, Split Bedrooms, Shower Only, Vaulted Ceilings, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2026
Stories
2
Lot size
9,746 sq ft
Roof
Spanish Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Outdoor Grill, Patio
Pool
Pool
Spa
In Ground

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Garage, Two Or More Spaces

HOA, Community & Financials

Amenities
Pool
Security
Lobby Secured, Security System Owned, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$77,958
Subdivision
BOCA RATONE COLET
County
Palm Beach
Days on market
222
MLS listing ID
R11168054
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$42,432

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.1%
Gross yield
3.9%
Mortgage payment
$71,084/mo
Down payment
$3,748,750
Loan amount
$11,246,250
Annual NOI
$343,825

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.