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106 Rue Martine
About This Property
Whether you're envisioning a primary residence, an elegant second home, or a high-performing vacation rental investment, this homesite offers the perfect canvas to bring your vision to life. With no required build-out timeframe, you'll enjoy the flexibility to build when the time is right.
Caribe is a coveted Gulf-front community offering exceptional resort-style amenities, including two swimming pools, tennis and pickleball courts, private deeded beach access, and a gated entrance with on-site security--creating an unparalleled coastal lifestyle.
Don't miss this rare opportunity to build in one of the Emerald Coast's most desirable communities. Welcome to your future homesite at Caribe.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Listed by Scenic Sotheby's International Realty | $599,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | Listed by Scenic Sotheby's International Realty | $495,000 | |
| Listed by Scenic Sotheby's International Realty | |||
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This fabulous lot is nestled in the charming Gulf Front neighborhood of Caribe! Centrally-located in Miramar Beach, FL, between upscale shopping and dining at Grand Boulevard and nearby Scenic 30A as well as Silver Sands. Lot 52 in Caribe is the only lot currently for sale in this beautiful community and perfect to build your dream home as a second home, primary residence, or rental investment. Caribe is a gulf front gated community that includes two pools, a pickleball and tennis court, private deeded beach access, and onsite security. Welcome to your future homesite! There is no build out time to start construction so you may begin whenever the time is right for you!
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| Apr 10, 2006 | Sold | ||
| Sold | |||
| May 10, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017