The twenty-eighth edition of the Caribbean Series (Serie del Caribe) was played in 1986. It was held from February 4 through February 9 with the baseball champion teams of the Dominican Republic, Águilas Cibaeñas; Mexico, Águilas de Mexicali; Puerto Rico, Indios de Mayagüez, and Venezuela, Tiburones de la Guaira. The format consisted of 12 games, each team facing the other teams twice. The games were played at Estadio Luis Aparicio El Grande in Maracaibo, Venezuela.