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The Roebling Index · Miami
Published by The Roebling Team at Compass · Corey Cohen, NY Licensed Associate Real Estate Broker
Miami·Mid-Beach·Condominium

The Caribbean

3737 Collins Avenue, Miami Beach, FL 33140

Mid-Beach

Folio 0232260520001

At a glance
Year built
2008
Residences
104
Building area
180,987 sq ft
Median residence
1,621 sq ft
FEMA flood zone
Zone AE · BFE 7 ft
Latest arms-length sale
$3,650,000 · Jun 2026
Median sale (10 yr)
$2,150,000
Recorded transfers
284
Own an apartment at The Caribbean?
Enter your apartment to see its recorded sale history and today’s estimate.

The Caribbean is a 104-residence condominium building at 3737 Collins Avenue, in Mid-Beach. County records list 2008 as the year built. It has a median residence of 1,621 square feet.

The recorded market runs to 199 arms-length sales since 2008, an annual turnover rate of 5.4 percent of the building over the past decade, and a median of $724 per square foot. Across 96 same-unit resales, 92 percent sold above their prior recorded price, with a median gain of 62 percent over a median hold of 4.8 years. The 15 sales since 2023 carry a median of $1,838 per square foot, against a record that opens in 2008 and spans several market cycles. Recorded deeds show 14 parties that acquired more than one residence in the building.

Selling, buying or moving?

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Corey Cohen, Licensed Associate Real Estate Broker · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com

At a glance

Association: The Caribbean Condominium Association, Inc., active

Building type: Oceanfront condominium in two connected structures: a restored 1941 Art Deco hotel building to the north and a new glass tower to the south

Architect: Kobi Karp Architecture and Interior Design for the restoration and new tower. Murray Dixon designed the 1941 hotel.

Interior design: Christopher Ciccone, interior designer and creative consultant

Pool and landscape: Witkin Design Group

Developer: Christa Development Corporation of New York, in partnership with Bluerock Real Estate

Landmark status: The 1941 hotel is a contributing building in the Collins Waterfront Architectural District, a local historic district.

Floors: 19 in the new tower; 7 in the restored building

Residences: 103, per the state condominium registration. The county record counts 104 units.

Unit sizes: Tower residences repeat in four main plans of about 1,420, 1,620, 1,840 and 2,330 square feet. Smaller residences in the restored building start near 700 square feet and the largest penthouses exceed 3,000.

Amenities: Oceanfront pool and spa, fitness center, sauna, clubroom, bike storage, underground parking of about 108 spaces, rooftop terraces and private pools for the penthouses

Services: Doorman, concierge and valet

Source: The Roebling Research Desk.

Why The Caribbean matters

The Caribbean has 103 residences in two connected structures on the site of a 1941 hotel.

The project set out to keep the hotel. Murray Dixon, who designed many of the Art Deco hotels along Collins Avenue, drew the original Caribbean Hotel in 1941, and it sits inside the city's Collins Waterfront Architectural District. Christa Development Corporation of New York and Bluerock Real Estate converted it rather than clearing the lot. Kobi Karp restored the facade, rebuilt the interior and added a new lobby, new balconies, rooftop terraces, glass railings and full-height impact windows. The restoration alone carried a budget of about $10 million. Karp also designed a 19-story glass tower to the south. Christopher Ciccone was interior designer and creative consultant.

The restored north building holds the smaller residences and the new south tower holds the larger plans. The choice is between a preserved Art Deco structure and a glass tower with terraces.

Mid-Beach

Mid-Beach is the stretch of Miami Beach north of the Art Deco district and south of North Beach. The Caribbean is at 37th Street, about four blocks north of Faena House at 3315 Collins Avenue and just north of the Faena District, which runs 32nd to 36th Streets. The Miami Beach boardwalk runs along the dunes behind the oceanfront buildings here. The Fontainebleau and Eden Roc resorts are less than a mile north on Collins. Lincoln Road and the South Beach restaurant blocks are a short drive south.

Architecture and unit composition

The restored building keeps its Art Deco massing and entrance, with finishes of black stone and terrazzo in the public areas. The new tower is glass and rises 19 floors. Tower residences have floor-to-ceiling impact glass, terraces and Miele and Sub-Zero kitchens, with ocean views from most lines and bay or skyline views from others.

The tower's four main plans, of about 1,420, 1,620, 1,840 and 2,330 square feet, give a consistent set of lines to compare. The mix is mostly two-bedroom, with some one-, three- and four-bedroom plans. Penthouses in both structures have private rooftop terraces with pools, and ceilings in the penthouses reach about 11 feet.

Condition varies by unit; ask for renovation history.

Building operations

The building has a doorman, concierge and valet. Witkin Design Group designed the pool and spa deck. Other amenities are a fitness center, sauna, clubroom and bike storage. The underground garage holds about 108 spaces. Ask the association which beach, towel and cabana services are offered and what it charges for them.

Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories; ask for the inspection report, the reserve study and any assessment history, and request the budget, financial statements and reserve funding. The parcel is in flood zone AE; get insurance quotes before an offer.

Policy framework

Pet, rental and minimum-lease rules are set by the association; confirm at offer stage.

Sales context

The median assessed value is about $2.2 million; that is an assessed value, not a sale price. One of two arms-length sales recorded in June 2026, at $3.65 million. It is one sale, not a building price.

Prices depend on line, floor, view and renovation.

Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.

What to know if you're buying at The Caribbean

Know which structure you are buying in. The restored building and the new tower are one condominium but different construction, with different plans, ceiling heights and views.

Get the interior area. Get the association's size schedule and the floor plan.

Ask about the beach and the cabanas. Get in writing what beach access, chair service and cabana parcels come with ownership and what they cost.

What to know if you're selling at The Caribbean

Price against your line. Use trades in the same tower, line and floor range, adjusted for renovation.

Have the documents ready. Budget, SIRS, financials and inspection status for both structures shorten diligence.

Comparable buildings

The neighborhood

For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to Mid-Beach.

Run the numbers

Related guides

Recorded sales history

Recorded transfers for this building in Miami-Dade County public records, back to Jul 2008. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.

DateResidenceSizePriceArms-length
Jun 2026S-8011,837 sf$3,650,000✓
Jun 2026N-207982 sf$825,000✓
May 2026N-6051,589 sf$1,776,000✓
Apr 2026S-15041,421 sf$2,450,000✓
Mar 2026S-15011,837 sf$3,637,500✓
Aug 2025S-13022,326 sf$5,000,000✓
Jun 2025S-13031,621 sf$3,600,000✓
Apr 2025S-10011,837 sf$4,500,000✓
Feb 2025S-14041,421 sf$2,600,100
Feb 2025S-14011,837 sf$4,375,000✓
Jan 2025S-10031,621 sf$3,225,000✓
Aug 2024S-17041,421 sf$2,600,000✓
Mar 2024S-10022,326 sf$4,275,000✓
Dec 2023S-12031,621 sf$2,800,000✓
Mar 2023N-3031,609 sf$1,325,000✓
Jan 2023S-10011,837 sf$3,375,000✓
Dec 2022CAB 4498 sf$1,300,000
Nov 2022S-15031,621 sf$2,900,000✓
Jun 2022N-406673 sf$600,000✓
May 2022N-6031,609 sf$1,250,000✓
May 2022N-6011,748 sf$3,000,000✓
May 2022S-11031,621 sf$2,625,000✓
May 2022N-307982 sf$785,000✓
Apr 2022N-5021,617 sf$2,250,000✓
Apr 2022S-10041,421 sf$2,110,000✓
Apr 2022S-8041,421 sf$2,000,000✓
Jan 2022S-14031,621 sf$2,650,000✓
Nov 2021S-2041,421 sf$930,000✓
Jul 2021S-11022,326 sf$4,200,000✓
Jun 2021S-6022,326 sf$3,500,000✓
Apr 2021N-507982 sf$630,000✓
Mar 2021S-14011,837 sf$3,030,000✓
Mar 2021N-406673 sf$420,000✓
Mar 2021S-14041,421 sf$2,150,000✓
Mar 2021N-4021,617 sf$1,950,000✓
Mar 2021S-10031,621 sf$1,775,000✓
Feb 2021S-9031,621 sf$1,950,000✓
Feb 2021PH-43,906 sf$10,000,000✓
Feb 2021PH-33,911 sf$13,433,000✓
Feb 2021CAB 2494 sf$13,433,000✓
Feb 2021N-506673 sf$437,500✓
Dec 2020S-7022,326 sf$3,150,000✓
Dec 2020S-17022,326 sf$4,600,000✓
Nov 2020N-207982 sf$480,000
Mar 2020S-4022,326 sf$2,770,000
Feb 2020S-6041,421 sf$1,350,000✓
Jan 2020N-407982 sf$500,000✓
Dec 2019S-4011,837 sf$2,600,000✓
Dec 2019S-14041,421 sf$1,300,000✓
Dec 2019S-17031,621 sf$2,600,000✓
Oct 2019N-3021,617 sf$1,850,000✓
Sep 2019N-3031,609 sf$1,100,000✓
Jun 2019N-5041,133 sf$867,000
Apr 2019S-16031,621 sf$2,600,000✓
Jan 2019S-13031,621 sf$2,325,000✓
Nov 2018N-5021,617 sf$2,100,000
Jul 2018S-6031,621 sf$1,550,000✓
Mar 2018S-14031,621 sf$2,150,000✓
Jan 2018N-5041,133 sf$1,076,000✓
May 2017N-606673 sf$620,000✓
Apr 2017S-15041,421 sf$1,750,000✓
Mar 2017S-5011,837 sf$610,300
Feb 2017N-3051,589 sf$1,125,000
Feb 2017S-9031,621 sf$1,700,000✓
Jan 2017S-7031,621 sf$1,550,000✓
Feb 2016S-16041,421 sf$1,900,000✓
Nov 2015S-6041,421 sf$1,550,000✓
Jun 2015N-3031,609 sf$1,410,000✓
Dec 2014S-10022,326 sf$4,200,000✓
Dec 2014S-5031,621 sf$1,550,000✓
Oct 2014N-6021,617 sf$3,312,500✓
Sep 2014S-2041,421 sf$1,220,000✓
Jul 2014PH-23,906 sf$6,500,000✓
May 2014S-3041,421 sf$1,150,000✓
May 2014S-17022,326 sf$3,500,000✓
May 2014S-10041,421 sf$1,725,000✓
May 2014N-3031,609 sf$1,300,000✓
Apr 2014CAB 4498 sf$600,000✓
Mar 2014S-15022,326 sf$3,950,000✓
Mar 2014S-11031,621 sf$1,675,000✓
Mar 2014N-3031,609 sf$1,150,000✓
Feb 2014N-3021,617 sf$2,400,000✓
Feb 2014S-14041,421 sf$1,690,000✓
Feb 2014S-7041,421 sf$1,350,000✓
Dec 2013S-9031,621 sf$1,400,000✓
Dec 2013S-7031,621 sf$1,525,000✓
Nov 2013S-6031,621 sf$1,470,000✓
Oct 2013S-2041,421 sf$1,045,000✓
Aug 2013S-8031,621 sf$1,412,500✓
Jun 2013S11041,421 sf$1,225,000✓
Apr 2013S-16011,837 sf$2,450,000✓
Apr 2013S-16022,326 sf$3,600,000✓
Apr 2013N-5051,589 sf$1,250,000✓
Feb 2013N-4011,748 sf$1,512,500✓
Jan 2013PH-N1,347 sf$565,000✓
Jan 2013S-8011,837 sf$1,300,000✓
Oct 2012S-16041,421 sf$1,400,000✓
Jun 2012S-10011,837 sf$1,800,000✓
Jun 2012S-14031,621 sf$1,449,000✓
May 2012N-4021,617 sf$1,295,000
May 2012S-14022,326 sf$3,220,000✓
Apr 2012S-16011,837 sf$1,920,000✓
Apr 2012S-12022,326 sf$2,740,000✓
Mar 2012S-4041,421 sf$800,000✓
Feb 2012S-10041,421 sf$1,150,000✓
Dec 2011N-2051,589 sf$810,000✓
Nov 2011S-12011,837 sf$1,650,000✓
Jun 2011S-6011,837 sf$1,525,000✓
May 2011S-2041,421 sf$570,000✓
May 2011N-507982 sf$410,000✓
Apr 2011S-2031,621 sf$675,000✓
Apr 2011S-13031,621 sf$975,000✓
Feb 2011S-5022,326 sf$1,475,000✓
Feb 2011S-4031,621 sf$735,000✓
Jan 2011N-2051,589 sf$675,000
Jan 2011S-3041,421 sf$590,000✓
Dec 2010S-6031,621 sf$850,000✓
Dec 2010S-3031,621 sf$705,000✓
Nov 2010N-3051,589 sf$700,000✓
Nov 2010S-5031,621 sf$730,000✓
Oct 2010S-4041,421 sf$617,100✓
Oct 2010N-4051,589 sf$828,000✓
Oct 2010N-4041,133 sf$515,175✓
Sep 2010N-5051,589 sf$843,300✓
Aug 2010N-307982 sf$422,100✓
Jul 2010S-2011,837 sf$1,065,638✓
Jul 2010PH-43,906 sf$4,700,000✓
Jul 2010N-3041,133 sf$520,000✓
Jul 2010N-6031,609 sf$730,000✓
Jun 2010S-7031,621 sf$890,450✓
Jun 2010N-2041,133 sf$500,000✓
Jun 2010N-6041,133 sf$600,000✓
Jun 2010S-5041,421 sf$670,000✓
Jun 2010PH-13,911 sf$3,500,000✓
Jun 2010S-6011,837 sf$1,129,755✓
Jun 2010N-2011,748 sf$996,340✓
Jun 2010S-6041,421 sf$675,000✓
Jun 2010N-6051,589 sf$845,000✓
Jun 2010S-8011,837 sf$1,330,000✓
Jun 2010S-4011,837 sf$1,220,000✓
May 2010S-8041,421 sf$700,000✓
May 2010S-14011,837 sf$1,370,000✓
May 2010S-3022,326 sf$1,486,000✓
May 2010N-2021,617 sf$955,000✓
Apr 2010S-4022,326 sf$1,495,000✓
Apr 2010N-3031,609 sf$598,300✓
Apr 2010N-3011,748 sf$1,010,000✓
Apr 2010CAB 1505 sf$337,000✓
Apr 2010S-7041,421 sf$677,000✓
Apr 2010N-4031,609 sf$614,460
Apr 2010N-4021,617 sf$978,200✓
Apr 2010PH-33,911 sf$4,275,000✓
Apr 2010CAB 4498 sf$337,000✓
Apr 2010CAB 2494 sf$237,500✓
Apr 2010PH-23,906 sf$3,700,000✓
Apr 2010S-7022,326 sf$1,578,690✓
Apr 2010S-6022,326 sf$1,555,740✓
Apr 2010N-5011,748 sf$1,048,800✓
Mar 2010S-3011,837 sf$1,074,645✓
Mar 2010S-14041,421 sf$788,800
Mar 2010S-8011,837 sf$1,129,755✓
Mar 2010N-2031,609 sf$560,000✓
Mar 2010N-3021,617 sf$950,000✓
Mar 2010N-4011,748 sf$1,031,320✓
Mar 2010N-607982 sf$385,000✓
Mar 2010N-5041,133 sf$570,200✓
Feb 2010S-5022,326 sf$1,460,000✓
Feb 2010S-17041,421 sf$810,300✓
Feb 2010N-5031,609 sf$630,630
Feb 2010S-9022,326 sf$1,567,350✓
Feb 2010N-5021,617 sf$1,054,800✓
Feb 2010S-9031,621 sf$900,000✓
Feb 2010N-406673 sf$242,880✓
Feb 2010S-8031,621 sf$906,700✓
Feb 2010N-6011,748 sf$1,083,760✓
Feb 2010N-207982 sf$342,900✓
Feb 2010N-606673 sf$292,160✓
Jan 2010S-8022,326 sf$1,555,000✓
Jan 2010S-5011,837 sf$1,120,600✓
Jan 2010S-10041,421 sf$745,670✓
Jan 2010S-16041,421 sf$803,000✓
Jan 2010S-7011,837 sf$1,138,940✓
Jan 2010S-16031,621 sf$1,011,840✓
Jan 2010N-307982 sf$355,940✓
Jan 2010N-306673 sf$235,840✓
Jan 2010N-6021,617 sf$1,031,700✓
Jan 2010N-407982 sf$365,560✓
Jan 2010S-16011,837 sf$1,212,420✓
Jan 2010S-10011,837 sf$1,166,500✓
Jan 2010N-206673 sf$228,800✓
Dec 2009S-10031,621 sf$939,100✓
Dec 2009S-11011,837 sf$1,175,700✓
Dec 2009N-506673 sf$249,920✓
Dec 2009S-15041,421 sf$768,400✓
Dec 2009CAB 3474 sf$213,000✓
Dec 2009S-11031,621 sf$955,300✓
Dec 2009S-9011,837 sf$1,102,160✓
Dec 2009S-11022,326 sf$1,671,900✓
Dec 2009S-15011,837 sf$1,328,300✓
Dec 2009S-17011,837 sf$1,221,605✓
Dec 2009S-12011,837 sf$2,500,000
Dec 2009N-507982 sf$375,200✓
Nov 2009S-14011,837 sf$1,200,000✓
Nov 2009S-13011,837 sf$1,120,000✓
Nov 2009S-12031,621 sf$890,450✓
Nov 2009S-13041,421 sf$781,530✓
Oct 2009S-10022,326 sf$1,450,000✓
Jul 2009S-13022,326 sf$1,700,000✓
Jun 2009S-15031,621 sf$987,500✓
May 2009S-14031,621 sf$1,050,000✓
May 2009S-2022,326 sf$1,700,000✓
Apr 2009S-17031,621 sf$1,020,000✓
Mar 2009S-16022,326 sf$1,700,000✓
Dec 2008S-13031,621 sf$1,300,000✓
Oct 2008S-14022,326 sf$2,750,000✓
Aug 2008S11041,421 sf$1,225,000✓
Aug 2008S-9041,421 sf$1,000,000✓
Jul 2008S-17022,326 sf$2,688,000
Jul 2008S-12041,421 sf$1,450,000✓
Jul 2008S-15022,326 sf$2,850,000✓

✓ = qualified arms-length per the Miami-Dade Property Appraiser. 64 nominal-consideration paper transfers omitted.

This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.

Considering a move at The Caribbean?

Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Licensed Associate Real Estate Broker · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com

Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer or solicitation. Apartment estimates are automated, from public records, and are not appraisals.

A note on representation

The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.

To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.