#614069, Ellen Gvili, Listing office: Ocean Sothebys International Realty
$2,000,000 List price
704 Caroline St Key West, FL 33040
4 beds
5 full
2,080 sqft
0.04 acres
$962 / sqft
Multi-Family
Property details
About 704 Caroline St
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.
Highlights
Home typeMulti Family
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Size2,080 sqft
Lot size0.04 Acres
Year built1928
MLS #611509
Private poolYes
Summary
- Full Bathrooms: 5
- Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Range, Refrigerator, Washer
- Interior: Cathedral Ceiling(s), Entrance Foyer
- Total Bedroom Count: 4
- Private Pool: Yes
- Architectural Style: Multi-Units
- List Price: $2,000,000
- Price/SqFt: $961
- Annual Tax Amount: $11,490
- Tax Year: 2023
- Year Built: 1928
- Living Area: 2,080 SqFt
- Lot Size: 0.04 Acres
- MLS Number: 611509
- MLS Name: KeyWest
- Office Name: eXp Realty LLC
- Office Phone: (888) 888-8509
- Listing Agent: LaReta J Morrison
The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 11:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 03, 2020 | Home Sold | $1,150,000 |
| Sep 08, 2009 | Home Sold | $675,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,344,932 | $11,490 |
| 2022 | $1,225,007 | $10,618 |
| 2021 | $920,856 | $10,618 |
| 2020 | $510,512 | $5,102 |
| 2018 | $452,502 | $4,936 |
| 2017 | $452,431 | $4,909 |
History based on county public records data.
Nearby schools
6
Poinciana Elementary School
Public District PK-5
2.3 mi
•1407 Kennedy Dr
2
Gerald Adams Elementary School
Public District PK-5
3.8 mi
•5855 College Rd
9
Big Pine Academy
Public Charter PK-5
28.7 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $78,547. The most common annual income of people living in Key West, FL is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
16%
<35k
45%
35k-100k
31%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
69%
Single, No Kids
3%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
26%
18-34 yrs old
49%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Figure Skating
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Bob Evans
What do the neighbors drive?
Audi
Volkswagen
Oldsmobile
What do the neighbors listen to?
Alternative
Urban Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 704 Caroline St
The listing price of 704 Caroline St property is $2,000,000.
The property 704 Caroline St is a multi located in Key West, Florida, 33040.
Accepting Backup Offers: 704 Caroline St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 704 Caroline St are: Poinciana Elementary School (GreatSchools Rating 6/10), Gerald Adams Elementary School (GreatSchools Rating 2/10), Big Pine Academy (GreatSchools Rating 9/10), May Sands Montessori School (GreatSchools Rating 5/10), Horace O'Bryant School (GreatSchools Rating 3/10), Sigsbee Charter School (GreatSchools Rating 7/10), Monroe Virtual Instruction Program (GreatSchools Rating 2/10), Somerset Island Preparatory (GreatSchools Rating 6/10), Key West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $11,490 (source: MLS/based on county public records data).
The last sale was on April 3, 2020 for $1,150,000 (source: MLS/tax record).
The property 704 Caroline St is 2,080 SqFt (source: MLS/tax record).
The year of construction for 704 Caroline St is 1928.
This home is located at 704 Caroline St in Key West, FL and zip code 33040. This 2,080 square foot home, which was built in 1928, sits on a 0.04 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $2,000,000.
Key West, FL housing market in June 2025 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 35 sold below. In June 2025 in Key West, FL there were 2% more homes for sale than in May. Listings spent 91 days on the market in June 2025, and had a median list price of $1,100,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.