Caribbean Isles Residential Cooperative market snapshot (as of June 25, 2026): the median sale price is about $150K ($102 per sq ft), with homes averaging 150 days on market and 12.8 months of supply, a buyer's market. Based on 16 recent closings in live Stellar MLS data.
Caribbean Isles Residential Cooperative is a gated, 55+ resident-owned waterfront community at 405 Elsberry Road in Apollo Beach, Hillsborough County (community website and Apollo Beach real estate guides, 2026). It sits on a canal system with direct access to Tampa Bay, and the homes are manufactured and mobile homes rather than site-built houses.
The ownership model is a cooperative. Rather than renting a lot, a buyer purchases a share in the co-op that owns the land, which is why the community advertises no lot rent and no CDD, paying instead a monthly maintenance fee (community materials and listing descriptions, 2026). Because this is a co-op, the read is the share purchase plus the monthly maintenance and what it covers, not a fee-simple price alone. Confirm the share price, the monthly maintenance, the reserves, and what the fee includes from the cooperative's current documents.
Homes are typically single and double-wide manufactured homes, with listings describing updated double-wides with newer flooring and stainless appliances; confirm the exact size, age, construction, and condition for any specific home. Manufactured homes age and finance differently from site-built houses, so lending, insurance, and resale depend heavily on the individual home and its age.
The pitch is an active, gated 55+ waterfront lifestyle: a clubhouse, a heated pool, shuffleboard and bocce, a boat and kayak launch with canal access to Tampa Bay, RV and boat storage, and roughly four miles of private roads where golf carts are welcome (community website, 2026). The work is the diligence: read the co-op documents and rules, confirm the share and maintenance math, verify the 55+ status, and check the flood zone, elevation, and surge history before you buy the view.
