In a microwave-safe glass measuring cup (at least 4 cups large) or medium bowl, add the granulated sugar, corn syrup and water. Mix to combine.
Microwave on high for 6-9 minutes, stirring once at the 3-minute mark, until the mixture is just starting to turn a light yellow color.
Leave the door closed on the microwave and let the mixture sit for about 5 minutes, until it darkens to golden amber color. Do not stir yet.
Then gradually stir in the room temperature heavy cream. Be careful, as the mixture will bubble up as the cream gets added.
Then, add the unsalted butter, vanilla extract and sea salt. Stir to combine.
Serve immediately or store in the refrigerator for up to 3 weeks until ready to use.
Notes
Microwave wattage can affect cook time. Start checking the caramel at the lower end of the cook time to prevent burning.The caramel should be light yellow or pale amber before resting. It will continue to darken after the microwave stops.Use a large microwave-safe glass measuring cup or bowl because the caramel bubbles as it cooks.Add the heavy cream slowly and carefully. The hot caramel will bubble when the cream is added.The sauce thickens as it cools. Reheat gently in short microwave intervals to make it pourable again.