Tropic Isles Co-Op is a 55+ Resident Owned Community Tropic Isles has an agreement with Citrus Mobile Homes to build Jacobsen Homes on selected lots on the community. This is one of such lots. See Rules & Regulations. Application approval is required.Vacant share. Tropic Isles, a 55+ community, sits on 2.5 miles of waterfront property on Terra Ceia Bay in Palmetto. Minutes to Snead Island and Emerson Point. Maintenance fee per month is $248. Amenities to include: 2 gathering places for large or small events, pool & spa, workout room, library, small meeting rooms, marina with a bait shop, fuel, boat launch, a large auditorium with a commercial kitchen, stage, and kayak launch behind on the canal. As a condition of the sale of this share, the buyer must install a new manufactured home within 180 days, at buyers' expense, and be in compliance with Co-op application and residency approval.