A new and distinct cultivar of Caladium plant named ‘Caribbean Coral’, characterized by its intermediate height and upright plant habit leaf petioles that are upright to outwardly leaning with development vigorous growth habit and rapid growth rate strap (or lance) type leaves that are dark olive green in color with dark pink-colored venation surrounded with lighter pink areas and interveinal areas that are pink variably suffused with green in color with random greenish white and pink-colored spots and petioles that are light green in color, distally tinged with pink and tan peak and tan green, and overall with brown-colored streaks, stipples and tessellations.