The Caribbean is an oceanfront condominium at 3737 and 3739 Collins Avenue in Mid-Beach that pairs a restored 1941 hotel with a new tower. The original Caribbean Hotel was designed by Murray Dixon; a restoration and a new 19-story South Tower were completed around 2008. The single condominium holds 104 residences across both buildings, according to Miami-Dade property records.
The restoration added new balconies, rooftop terraces, impact windows and glass railings to the historic building. Penthouses in both buildings have private rooftop terraces and pools, and residents park in an underground garage.
Available Condos at The Caribbean
Building Market Overview
Median closed price per square foot — the cleanest apples-to-apples value trend.
Based on closed sales over a trailing 90-day window. Updated daily.
Condos currently listed for sale at The Caribbean range from $999K to $7.0M, per active MLS listings. Price within the building varies with floor, view, line, and condition.
What are rents at The Caribbean?
Rental units currently listed at The Caribbean run from $11,000 per month, per active MLS listings. Furnished units and shorter lease terms typically price at the upper end.
How many units are available at The Caribbean right now?
The Caribbean currently has 5 condos for sale and 1 rental available on the MLS. Inventory updates daily as listings go active, pending, and closed.
How many units does The Caribbean have?
The Caribbean has 104 residences in Mid-Beach.
What have condos at The Caribbean sold for recently?
4 recorded sales closed at The Caribbean in the last twelve months, with a median sale price of $2,868,750 and a median of $1,638 per square foot. Individual results vary with floor, view, and condition.
What are the HOA fees at The Caribbean?
Across 4 current listings at The Caribbean, the median association fee is $3,537 per month, or about $2.19 per square foot per month. Fees scale with unit size, and this figure excludes any special assessment — ask the association for its reserve study and assessment history.
Does The Caribbean allow short-term rentals?
No — annual leases only. Listing agents report a 8-month minimum lease, with up to 3 leases permitted per year at The Caribbean, according to 6 current MLS listings. Rental rules are set by the condominium declaration and can be amended by the board, so verify against the current documents before buying for rental income.
Is The Caribbean pet-friendly?
6 of 8 current listings at The Caribbean report the pet policy as "allowed", which reads as pet-friendly. Size, breed, and count limits are common — confirm the current rule with the association before you buy.
When was The Caribbean built?
The Caribbean was completed in 1941. At 85 years old it is past the first milestone inspection threshold under Florida's post-Surfside law (25 years for buildings within three miles of the coast, 30 otherwise), so a completed inspection report should be available from the association, with re-inspection due every ten years.