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$6,500,000
425 Caroline Street
Key West, FL 33040
MLS# 596632
Status: Closed
7 beds  |  9 baths  |  6888 sqft


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Property Description
An extraordinarily handsome Old Town estate that offers unparalleled craftsmanship, beautiful architecture, the finest amenities and a very rich history. Additionally, the present owner was able to get the guest house transiently licensed for income potential should a new owner desire. Immaculately manicured, expertly upgraded and in impeccable condition, the home and guest quarters total 7BR/7.2BA including a 2BR/2BA guest house and all resting on a huge 14,701 sf lot, just steps from world-famous Duval St. Expansive porches, 13' ceilings, enormous rooms, fireplaces & gorgeous hardwood floors throughout add to the historic elegance. Designed with indoor/outdoor entertaining in mind, enjoy a covered outdoor bar and a huge relaxing pavilion next to the pool...

Details
Maps
Contract Information
Current Price: $6,500,000
Listing Date: 2021-06-24
Listing Board: Key West Association
Leased Price Monthly: $6,500,000
Bank Owned: No
Location, Tax & Legal
Street #: 425
Street Name: Caroline
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1904
Total Units: 2
Lot SqFt: 14702
Acres: 0.34
Living Apx SqFt: 6888
SqFt Source: Seller
Total Bedrooms: 7
Full Baths: 7
Half Baths: 2
Total Baths: 9
Rentals Allowed: Yes
Status Change Info
Under Contract Date: 2021-06-25
Leased Date: 2021-07-22
Leased Price Monthly: $6,500,000
Sold Comments: Actual Price $7,000,000. $500k for furniture
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: Yes
Specialty Rooms
Guest/Servant Qtrs: Legal
Building Style
Above Flood: Unknown
# Stories: 3 Stories
Vehicle Storage
Car(s): 4+
Pool Info
Heated: Yes
Financial Status
Bank Owned: No
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Conch
Vehicle Storage: Off Street Parking; Open Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air; Ductless; Heat; Heat Pump
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane; Well
Interior Features: Bar; Built-in Cabinets; Dade County Pine; Entrance Foyer; Fireplace(s); Pantry; Security System; Storage; Walk-in Closet(s); Wet Bar
Specialty Rooms: Gym; Laundry Room; Sauna/Steam Room; Utility Room; Workshop
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Detached Guest Qtrs; Fencing; Gazebo; Hot Tub; Lanai; Lighting; Privacy Wall/Fence; Storage
Pool Info: In Ground; Concrete
Construction: Combo Construction; Frame
Shutters: Bahama; Panel; Other
Floor: Marble; Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Security: Electric Gate
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional
Supplements
...Large eat-in gourmet kitchen with Carrara marble counters, formal dining room, multiple generators & 1,500 bottle wine room. The former carriage house has been repurposed into a home gym, with tons of exterior accessed storage for all the tools and toys you could ever need. Fully fenced for privacy with lush tropical landscaping separating the outside attractions & enjoyable street life from the coveted luxury within.

Listing Office: Truman & Co. (KW)

Last Updated: August - 26 - 2024

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Broker Attribution: 305-395-2360