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61 Rue 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 4, 2026 | Price Decreased |
$1,349,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by La Florida Coastal Properties | $1,399,000 | |
| Listed by La Florida Coastal Properties | |||
| Apr 16, 2026 | Price Decreased |
$1,499,999
↓ $40K
(2.6%) | |
| Price Decreased | |||
| Jan 15, 2026 | Price Decreased |
$1,540,000
↓ $39K
(2.5%) | |
| Price Decreased | |||
| Aug 28, 2025 | Listed by Christies International Real Estate Emerald Coast | $1,579,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
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Renowned for its unmatched West Indies-European elegance, tropical landscaping, and intimate coastal ambiance. Caribe is one of the Emerald Coast's most exclusive and architecturally distinctive beachfront enclaves; an exceptionally rare, private Gulf-front community unlike anything else in the area. Thoughtfully maintained and beautifully appointed, this residence features a new roof and offers 3 bedrooms plus a versatile top-floor retreat, ideal as an office or children's haven. Owners enjoy two deeded accesses to a pristine private sugar-white sand beach, complemented by an exceptional collection of resort-style amenities including two pools, tennis and pickle-ball courts, golf cart beach walkovers, and the privacy and security of a 24/7 guard-gated community. Inside, timeless craftsmanship and elevated finishes define the interiors, showcasing elegant stone tile and hardwood flooring, marble counter-tops, impact windows, high ceilings, newer shutters, and a beautifully designed chef's kitchen featuring a gas Wolf range, over-sized island, and custom cabinetry. Each bedroom opens to a private patio, while the luxurious primary suite offers dual walk-in closets and a beautifully updated spa-inspired bath. Completing the offering is one of the neighborhood's most exceptional backyard settings, framed by lush landscaping and complemented by a detached garage, creating an extraordinary setting for refined coastal living. European charm meets an exclusive coastal enclave.
Offered fully furnished and completely turnkey, the home includes an electric golf cart and it has been recently painted, with an HVAC system approximately three years old, making it ready for immediate enjoyment or rental income. Short-term rentals are allowed with a one-week minimum, providing excellent flexibility for both personal use and investment potential.
HOA dues are approximately $2,100 semi-annually ($4200 x year)
Elevated - No flood zone designation.
For more information or to schedule a private showing, please call or text Veronica at (850) 691-6729.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017