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Luxury estate — 206 Caribbean Road · Boca Ratone Colet · Palm Beach



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Open property magazine$14,995,000
206 Caribbean Road, Palm Beach, FL 33480
Palm Beach, FL, 33480
4 bd · 5 ba · 4,187 sqft
Listed by Compass Florida LLC
206 Caribbean Road, Palm Beach, FL 33480
Listed by Compass Florida LLC
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Estimated monthly payment
$88,623/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $88,623/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesExceptional 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.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
256 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
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Your costs (est.)
≈ $88,623/mo
206 Caribbean Road, Palm Beach, FL 33480 · Palm Beach
Location
206 Caribbean Road, Palm Beach, FL 33480
What buyers ask about this home
What are the estimated monthly carrying costs at 206 Caribbean Road, Palm Beach, FL 33480?+
Property tax (after sale): $10,260/month est.; homeowners insurance: $558/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $10,818/month est. Principal and interest: $77,806/month; PMI: $0/month. Total for the payment scenario shown: $88,623/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 206 Caribbean Road, Palm Beach, FL 33480?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 206 Caribbean Road, Palm Beach, FL 33480 need flood insurance, and what drives the premium?+
Most of Palm Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 206 Caribbean Road, Palm Beach, FL 33480?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 206 Caribbean Road, Palm Beach, FL 33480?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 206 Caribbean Road, Palm Beach, FL 33480?+
This listing has been on the market 256 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Palm Beach. Historic island address — Worth Avenue, oceanfront estates, and the Breakers, with private clubs throughout.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Conniston
Middle school
Career Academy Of The Palm Beaches
High school · 2.7 mi from this home · 3800 S Congress Ave, Boynton Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
R J Hendley Christian Community School
Elementary · Private · Christian · Grades PK–8 · Riviera Beach
The Foundations School At Center For Creative Educ
Elementary · Private · Grades K–5 · West Palm Beach
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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