704 Caroline Street, Key West, FL 33040

$1,750,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,080 Lot Size (sq. ft.): 1,925 Status: Closed
Current Price: $1,750,000 List Date: 9/19/2024 Last Modified: 8/05/2025

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.

More Information MLS# 611509

Contract Information

Current Price: $1,750,000 Listing Date: 2024-09-18 Listing Board: Key West Association Sold Price: $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

Status Change Info

Sold Date: 2025-08-05 Sold Price: $1,750,000 Status: Closed

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

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.