NOT LISTED FOR SALE

425 Caroline St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $4,676,000 - $8,366,000

7 Beds
9 Baths
6,888 Sq Ft
$1,032/Sq Ft Est. Value

Sale Details

Date Sold: July 22, 2021

Last sale price $6,500,000 $944 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $42,902 / mo

1 Day on Market

Highlights

  • Detached Guest House
  • Concrete Pool
  • Maid or Guest Quarters
  • Steam Room
  • 0.34 Acre Lot
  • Marble Flooring

About This Home

As of July 2021

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...

Last Agent to Sell the Property

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #3264225 Listed on: 06/24/2021

Co-Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #161619

Last Buyer's Agent

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #3264225 Listed on: 06/24/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,617

Year Built

  • Built in 1904 | Remodeled

Lot Details

  • 14,702 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 6,888 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Bar
  • Ceiling Fan
  • Fireplace
  • Some Wood Windows
  • Shutters
  • Double Hung Windows
  • French Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Utility Room
  • Steam Room
  • Home Gym

Kitchen

  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • 4 Parking Spaces
  • Electric Gate
  • Open Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Patio
  • Lanai
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Propane
  • Well
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00004440-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,617

Year Built

Built in 1904 | Remodeled

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 34616.54
  • Vehicle Storage: Off Street Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1904
  • Alternate Key Number: 1004626
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Heat, Ductless, Central Air
  • Lot Sq Ft: 14702.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Bahama, Panel, Other
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 6888.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Bar, Wet Bar, Security System, Walk-in Closet(s), Storage, Pantry, Dade County Pine, Fireplace(s), Entrance Foyer, Built-in Cabinets
  • Total Bathrooms: 9.00
  • Full Bathrooms: 7
  • Appliances: Dishwasher, Washer, Wine Cooler, Range, Stainless Steel Appliance(s), Refrigerator, Microwave, Ice Machine, Freezer, Dryer, Disposal
  • Floor: Marble, Wood, Tile
  • Half Bathrooms: 2
  • Specialty Rooms: Gym, Sauna/Steam Room, Workshop, Utility Room, Laundry Room
  • Windows/Doors: Double Hung Windows, Single Hung Windows, Wood Windows, Impact Rstnce Doors, Impact Rstnce Window, French Doors
  • Total Bedrooms: 7
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Combo Construction, Frame
  • Exterior Features: Detached Guest Qtrs, Storage, Privacy Wall/Fence, Lanai, Lighting, Gazebo, Hot Tub, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Well, Propane, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00004440-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.34

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 2.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 22, 2021
Sold by
Bought by
Seller's Agent
John Spottswood
Truman & Co. (KW)
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$7,500,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,000,000
-13.33%
Current Estimated Value
$7,108,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,846
Avg. Annual Appreciation
1.81%

Purchase Details

Listed on
Aug 1, 2016
Closed on
Dec 21, 2017
Sold by
Bought by
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$5,950,000
Sold Price
$4,250,000
Premium/Discount to List
-$1,700,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.53%
Original Mortgage
$3,250,000
Interest Rate
0.0394%

Purchase Details

Closed on
Apr 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 1998
Bought by

Purchase Details

Closed on
Apr 1, 1982
Bought by

Purchase Details

Closed on
Feb 1, 1976
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,500,000 Attorney
$4,250,000 --
$4,000,000 Attorney
$5,700,000 None Available
$3,200,000 --
-- --
$310,000 --
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,200,000
Previous Owner $60,000
Previous Owner $7,000,000
Previous Owner $3,250,000
Previous Owner $1,000,000
Previous Owner $1,100,000
Previous Owner $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2021 07/22/21 Sold $6,500,000 -13.3% $944 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $7,500,000 +76.5% $1,089 / Sq Ft
12/15/2017 12/15/17 Sold $4,250,000 -28.6% $617 / Sq Ft View Prior Sale
11/27/2017 11/27/17 Pending -- -- --
08/01/2016 08/01/16 For Sale $5,950,000 -- $864 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $51,376 $6,115,254 $2,204,343 $3,910,911
2024 $48,175 $6,122,580 $2,204,343 $3,918,237
2023 $48,175 $5,649,720 $1,889,630 $3,760,090
2022 $44,078 $5,232,843 $1,431,742 $3,801,101
2021 $34,524 $3,885,389 $1,058,949 $2,826,440
2020 $34,617 $3,907,210 $1,050,845 $2,856,365
2019 $34,434 $3,851,965 $0 $0
2018 $35,893 $3,892,489 $975,206 $2,917,283
2017 $50,182 $6,072,791 $0 $0
2016 $45,154 $4,623,362 $0 $0
2015 $41,906 $4,117,611 $0 $0
2014 $42,836 $4,040,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Spottswood

    Seller's Agent in 2021

    John Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    54 in this area

    163 Total Sales

    John Spottswood
    Section Image
  • Terri Spottswood

    Seller Co-Listing Agent in 2021

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    70 in this area

    195 Total Sales

    Terri Spottswood
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596632

Florida Keys Board of REALTORS®

APN: 00004440-000000

Florida Monroe County Key West 33040 Old Town

425 Caroline St, Key West, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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