Tropico
1614 Euclid Avenue, Miami Beach, FL 33139
South Beach
Folio 0232340980001
- Year built
- 1995
- Residences
- 10
- Building area
- 7,347 sq ft
- Median residence
- 746 sq ft
- FEMA flood zone
- Zone AE · BFE 8 ft
- Latest arms-length sale
- $535,000 · Jan 2024
- Median sale (10 yr)
- $405,000
- Recorded transfers
- 59
Tropico is a 10-residence boutique condominium building at 1614 Euclid Avenue, in South Beach. County records list 1995 as the year built. It has a median residence of 746 square feet.
The recorded market runs to 44 arms-length sales since 1995, an annual turnover rate of 7 percent of the building over the past decade, and a median of $274 per square foot. Across 34 same-unit resales, 91 percent sold above their prior recorded price, with a median gain of 25 percent over a median hold of 3.2 years.
Own a residence at Tropico? See what it would sell for.
Choose what fits: a property-specific pricing review informed by local transaction records and market research, a conversation about buying in this market, or help planning a move between markets. Local representation is coordinated where appropriate.
646.939.7375 · c.cohen@compass.com
At a glance
Building type: Small condominium building, 10 residences
Unit sizes: One- and two-bedroom plans of about 600 to 780 square feet
Floors: Three
Policies: Pets, leasing and resale rules are set by the association; confirm at offer stage.
Source: The Roebling Research Desk.
Why Tropico matters
Tropico is a 10-unit condominium in the Flamingo and Lummus area of South Beach, on a block of small Euclid Avenue condominiums.
A count of 44 arm's-length sales is on record over the life of the folio, including the original closings.
With 10 owners, one large repair spreads across few shares.
South Beach, Flamingo and Lummus
The 1600 block of Euclid Avenue sits in the residential grid west of Collins Avenue, near Lincoln Road. Flamingo Park and Lummus Park are the two parks that anchor the area. Euclid is lined with low-rise condominiums and apartment buildings. The beach, the parks and Lincoln Road are reachable on foot.
Ask whether the association limits rentals.
Architecture and unit composition
Tropico is a low-rise building of three floors, built in 1995. The plans are one- and two-bedroom units. One-bedrooms run about 600 square feet and two-bedrooms about 750 to 780, with updated kitchens and open living areas in renovated units. Confirm size by unit.
Ask the association about parking, elevator and storage arrangements.
Building operations
Ask who manages the building. For any purchase, request the current budget, the most recent financial statements, the reserve study and the insurance summary. Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories, and this one has three; ask for the inspection report, the reserve study and any assessment history. Ask about any special assessment, past or planned.
The parcel is in flood zone AE. Ask for the building's flood insurance coverage and the claims history.
Policy framework
Policies, fees and applications, including pet, rental and minimum-lease rules, guest rules and any resale approval, are set by the association. Pets are permitted with limits.
Sales context
One recorded sale, January 2024, at $535,000. It is one sale, not a building price.
Compare size, floor and renovation against trades in the same plan type, not the building average.
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 Tropico
Read the budget first. Read the reserves and any assessment history.
Confirm the rental rules. Confirm whether renting is permitted and for how long.
Check insurance. Ask for the master policy, the deductible and the flood coverage.
What to know if you're selling at Tropico
Have the documents ready. Budget, financials, reserve study and insurance summary.
Price by plan. Compare one-bedrooms with one-bedrooms and two-bedrooms with two-bedrooms.
Comparable buildings
- The Maritime — a small condominium on the same block of Euclid Avenue.
- Elisa Condo — a small South Beach condominium in the Flamingo and Lummus area.
- Flamingo South Beach I — a larger South Beach condominium.
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to South Beach.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Jun 1995. 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.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Jan 2024 | 22 | 781 sf | $535,000 | ✓ |
| Dec 2023 | 32 | 746 sf | $410,000 | ✓ |
| Apr 2022 | 22 | 781 sf | $462,000 | ✓ |
| Jul 2021 | 36 | 751 sf | $405,000 | ✓ |
| Sep 2020 | 31 | 741 sf | $362,000 | ✓ |
| Nov 2019 | 22 | 781 sf | $367,000 | ✓ |
| Jun 2018 | 32 | 746 sf | $375,000 | ✓ |
| Jun 2014 | 24 | 708 sf | $310,000 | ✓ |
| May 2014 | 22 | 781 sf | $290,800 | |
| Aug 2013 | 34 | 746 sf | $109,250 | |
| Apr 2012 | 24 | 708 sf | $263,000 | ✓ |
| Aug 2011 | 36 | 751 sf | $335,000 | ✓ |
| Sep 2007 | 31 | 741 sf | $385,000 | ✓ |
| Oct 2005 | 33 | 746 sf | $365,000 | ✓ |
| Mar 2005 | 32 | 746 sf | $345,000 | ✓ |
| Mar 2004 | 23 | 781 sf | $247,000 | ✓ |
| Feb 2004 | 24 | 708 sf | $234,000 | ✓ |
| Dec 2003 | 21 | 601 sf | $235,000 | ✓ |
| Nov 2003 | 34 | 746 sf | $111,500 | ✓ |
| Nov 2003 | 32 | 746 sf | $267,000 | ✓ |
| Oct 2003 | 31 | 741 sf | $305,000 | ✓ |
| Sep 2003 | 33 | 746 sf | $239,000 | ✓ |
| Aug 2003 | 36 | 751 sf | $294,000 | ✓ |
| Jan 2002 | 33 | 746 sf | $235,000 | ✓ |
| Sep 2001 | 31 | 741 sf | $222,000 | ✓ |
| May 2001 | 23 | 781 sf | $180,000 | ✓ |
| Feb 2001 | 36 | 751 sf | $187,000 | ✓ |
| Sep 2000 | 34 | 746 sf | $156,000 | ✓ |
| Jun 2000 | 33 | 746 sf | $148,000 | ✓ |
| May 2000 | 32 | 746 sf | $139,000 | ✓ |
| Oct 1999 | 21 | 601 sf | $103,000 | ✓ |
| Sep 1999 | 35 | 746 sf | $125,000 | ✓ |
| May 1999 | 31 | 741 sf | $155,000 | ✓ |
| Apr 1999 | 23 | 781 sf | $125,000 | ✓ |
| Jan 1999 | 22 | 781 sf | $127,000 | ✓ |
| Mar 1998 | 36 | 751 sf | $156,000 | ✓ |
| Apr 1997 | 24 | 708 sf | $129,000 | ✓ |
| Feb 1997 | 35 | 746 sf | $119,000 | ✓ |
| Sep 1996 | 34 | 746 sf | $119,000 | ✓ |
| Aug 1996 | 33 | 746 sf | $115,000 | ✓ |
| Aug 1996 | 22 | 781 sf | $115,000 | ✓ |
| Aug 1996 | 21 | 601 sf | $110,000 | ✓ |
| Jan 1996 | 32 | 746 sf | $110,000 | ✓ |
| Nov 1995 | 36 | 751 sf | $125,000 | ✓ |
| Aug 1995 | 31 | 741 sf | $130,000 | ✓ |
| Jun 1995 | 23 | 781 sf | $120,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 13 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 Tropico?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
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.
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.