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$1,750,000
704 Caroline Street
Key West, FL 33040
MLS# 611509
Status: Closed
4 beds  |  5 baths  |  2080 sqft
Welcome to 704 Caroline St!
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Welcome to 704 Caroline St! First floor unit #1 living room First floor unit #1 living room First floor unit #1 living room First floor unit #1 kitchenette First floor unit #1 kitchenetterd First floor unit #1 bathroom First floor unit #1 living room and entrance to bedroom First floor unit #1 bedroom First floor unit #1 bedroom First floor unit #1 bedroom with lock-out storage to unit #3 Separate private entrance to first floor unit #3 First floor unit #3 living room & dining area First floor unit #3 living room & dining area First floor unit #3 living room & dining area First floor unit #3 living room & kitchen First floor unit #3 kitchen First floor unit #3 living room & kitchen, & entrance to bathroom First floor unit #3 living room with entrance to bedroom First floor unit #3 bedroom with lock-out storage to unit #1 First floor unit #3 bedroom First floor unit #3 bedroom with built-ins First floor unit #3 bedroom with built-ins First floor unit #3 bathroom First floor foyer. Beautiful wood door with leaded glass is the private entrance to upstairs unit #2 Staircase leading upstairs to unit #2 Second floor unit #2 living room Second floor unit #2 living room with built-ins Second floor unit #2 living room with beautiful woodwork Second floor unit #2 living room with staircase to third floor Second floor unit #2 bathroom. Incredible woodwork & stained glass. Second floor unit #2 living room Second floor unit #2 kitchen Second floor unit #2 kitchen Second floor unit #2 kitchen Second floor unit #2 bathroom Second floor unit #2 laundry Second floor unit #2 bathroom Second floor unit #2 landing & door to front porch Second floor unit #2 master bedroom Second floor unit #2 master bedroom Second floor unit #2 master bedroom Second floor unit #2 master bedroom & built-ins Third floor unit #2 loft/office & entrance to widow's walk Third floor unit #2 loft/office & entrance to guest bedroom Third floor unit #2 storage & entrance to guest bedroom Third floor unit #2 guest bedroom Third floor unit #2 guest bedroom Third floor unit #2 guest bedroom Third floor unit #2 guest bathroom First floor front porch facing Caroline St. Backyard pool & deck area Backyard pool & deck area Backyard pool & deck area Backyard pool & deck area First floor, units #1 & #3 floor plans Second & third floors, unit #3

Property Description
Triplex investment property! Prime location only 1 block from the historic Key West seaport and 2 blocks from Duval St. The downstairs offers 2 units which include a 1/1 with kitchenette and a 1/1 with full kitchen. Enjoy the front porch facing Caroline St. or spend a lazy afternoon lounging by the dip pool in the backyard. Ascend the gorgeous wooden staircase to the upstairs unit which includes the 2nd and 3rd floors and has many features reminiscent of an old ship accented by beautifully detailed wood trim. This 2/3 unit includes hardwood floors, stained glass details, a loft/office, a front porch for relaxing, a small back porch overlooking the pool, and a unique widow's walk where you can enjoy a bit of privacy in the treetops. The kitchen includes a built-in water filtration system, the master bedroom is a generous size, and you'll find storage galore throughout the home with built-ins, nooks, and crannies. This historic home has high ceilings throughout, and the windows (except skylights) are hurricane rated. The owners currently live in the upstairs unit and use the first-floor units as monthly vacation rentals. Any of the units could be used as long-term rentals, or the property could potentially be converted into an up/down duplex or returned to its original configuration as a single-family home. Enjoy the close proximity to all the amenities this great location offers in Old Town. This historic gem is awaiting your vision.

Details
Maps
Documents
Contract Information
Current Price: $1,750,000
Listing Date: 2024-09-18
Listing Board: Key West Association
Leased Price Monthly: $1,750,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 704
Street Name: Caroline
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1928
Total Units: 3
Lot SqFt: 1925
Lot Sqft Source: Property Data Card
Acres: 0.04
Living Apx SqFt: 2080
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 5
Total Baths: 5
Rentals Allowed: With Restrictions
Min Rental Days: 28
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 1
Building Style
Above Flood: Yes
# Stories: 3 Stories
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Status Change Info
Under Contract Date: 2025-07-29
Leased Date: 2025-08-05
Leased Price Monthly: $1,750,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: Homestead
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Conch
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air; Ductless
Heating: Heat Pump
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Sky Light(s)
Pre-Wired: Cable; Surround Sound
Specialty Rooms: Loft
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; More Appliances; Oven; Range; Refrigerator; Washer; Water Purification
Pool Info: In Ground; Decked
Construction: Frame
Shutters: Panel
Floor: Tile; Wood; Other
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
Title: Negotiable
Listing Office: eXp Realty LLC

Last Updated: August - 05 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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