704 Caroline St Key West, FL 33040
Old Town Neighborhood
4
Beds
5
Baths
2,080
Sq Ft
1,742
Sq Ft Lot
About This Home
As of August 2025Triplex 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.
Last Agent to Sell the Property
eXp Realty LLC License #3492235 Listed on: 09/18/2024
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,491
Year Built
1928
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Multi-Units
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Document Count: 6
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Handicap Access: No
- Key Island: Key West
- K W Neighborhood: Old Town-N of Truman
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 1.00
- Min Rental Days: 28.00
- M L S Identifier: 20060123165453488875000000
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Conventional
- Side: Bay/Gulf
- State Province: FL
- Taxes: 11490.94
- Title: Negotiable
- Year Built: 1928
- Alternate Key Number: 1003824
- Building Style: Conch
- Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
- Lot Sq Ft: 1925.00
- Pool Info: In Ground, Decked
- Porch Balcony: Open Porch/Balcony, Deck, Widow's Walk
- License Info: Non Trans Rntl Lic
- License Info Number Of City License: 1
- Shutters: Panel
- Species List: No
- Tax Exemptions: Homestead
- Building Style Above Flood: Yes
- Building Style Stories: 3 Stories
- Estimated Living Sq Ft: 2080.00
- Pre Wired: Cable, Surround Sound
- Financial Status Auction: No
- Financial Status Standard Sale: Yes
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 3
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Sky Light(s), Granite Counter Top, Entrance Foyer, Cathedral Ceilings
- Total Bathrooms: 5.00
- Full Bathrooms: 5
- Appliances: More Appliances, Water Purification, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
- Floor: Tile, Other, Wood
- Specialty Rooms: Loft
- Windows/Doors: Impact Rstnce Window
- Total Bedrooms: 4
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: FKAA, Cable Available, Municipal Sewer
- Heating: Heat Pump
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00003660-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.04
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Negotiable
Tax Info
- Tax Year: 2023
Multi Family
- Total Units: 3.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 26, 2018
Closed on
Apr 3, 2020
Sold by
Lewis Karen J
Bought by
Maudlin Tadd C and Carswell Lindsay Anna
Seller's Agent
Darlene Thomas
Beach Club Brokers (KW)
Buyer's Agent
Marlene Alvarez
Keller Williams Key West Compass Realty
List Price
$1,349,000
Sold Price
$1,150,000
Premium/Discount to List
-$199,000
-14.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$854,200
Outstanding Balance
$759,992
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,252,198
Purchase Details
Listed on
Dec 26, 2018
Closed on
Mar 27, 2020
Sold by
Lewis Karen J
Bought by
Maudlin Tadd C and Carswell Lindsay Anna
Seller's Agent
Darlene Thomas
Beach Club Brokers (KW)
Buyer's Agent
Marlene Alvarez
Keller Williams Key West Compass Realty
List Price
$1,349,000
Sold Price
$1,150,000
Premium/Discount to List
-$199,000
-14.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$854,200
Outstanding Balance
$759,992
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,252,198
Purchase Details
Closed on
Nov 1, 2018
Sold by
Lewis Delmar J
Bought by
Lewis Karen J
Purchase Details
Closed on
Aug 27, 2018
Sold by
Lewis Delmar J
Bought by
Lewis Karen J
Purchase Details
Closed on
Sep 8, 2009
Sold by
Hochman Rebekah and Hochman Sarah
Bought by
Lewis Delmar J and Lewis Karen J
Purchase Details
Closed on
Feb 11, 1998
Sold by
Hochman Samuel
Bought by
Hochman Samuel E
Purchase Details
Closed on
Jan 1, 1992
Bought by
Lewis Delmar J
Purchase Details
Closed on
Jul 1, 1979
Bought by
Lewis Delmar J
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,150,000 | None Listed On Document | |
| Warranty Deed | $1,150,000 | None Listed On Document | |
| Warranty Deed | $226,300 | None Listed On Document | |
| Warranty Deed | $226,300 | None Listed On Document | |
| Warranty Deed | $675,000 | Attorney | |
| Quit Claim Deed | $100 | -- | |
| Warranty Deed | $215,000 | -- | |
| Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $854,200 | Purchase Money Mortgage | |
| Closed | $854,200 | Purchase Money Mortgage | |
| Previous Owner | $509,350 | No Value Available | |
| Previous Owner | $509,350 | New Conventional | |
| Previous Owner | $47,200 | Small Business Administration |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Sold | $1,750,000 | -12.5% | $841 / Sq Ft |
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $2,000,000 | -9.1% | $962 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $2,200,000 | -2.2% | $1,058 / Sq Ft |
| 09/18/2024 09/18/24 | For Sale | $2,250,000 | +95.7% | $1,082 / Sq Ft |
| 03/27/2020 03/27/20 | Sold | $1,150,000 | 0.0% | $488 / Sq Ft |
| 11/30/2019 11/30/19 | Off Market | $1,150,000 | -- | -- |
| 12/26/2018 12/26/18 | For Sale | $1,349,000 | -- | $573 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $11,491 | $1,401,074 | -- | -- |
| 2023 | $11,491 | $1,344,932 | $0 | $0 |
| 2022 | $10,618 | $1,225,007 | $360,822 | $864,185 |
| 2021 | $9,347 | $920,856 | $273,581 | $647,275 |
| 2020 | $5,624 | $586,228 | $0 | $0 |
| 2019 | $5,103 | $477,049 | $0 | $0 |
| 2018 | $4,937 | $452,502 | $0 | $0 |
| 2017 | $4,910 | $452,431 | $0 | $0 |
| 2016 | $4,871 | $433,947 | $0 | $0 |
| 2015 | $4,750 | $402,905 | $0 | $0 |
| 2014 | $4,599 | $363,592 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2025
LaReta Morrison
eXp Realty LLC
(317) 445-6726
4 in this area
11 Total Sales
-
J
Buyer's Agent in 2025
Jody Clark
Key West Luxury Real Estate Inc (KW)
(305) 394-0446
9 in this area
20 Total Sales
-
C
Buyer Co-Listing Agent in 2025
Clarence Clark
Key West Luxury Real Estate Inc (KW)
(305) 394-0108
9 in this area
16 Total Sales
-
Seller's Agent in 2020
Darlene Thomas
Beach Club Brokers (KW)
(305) 304-1043
24 Total Sales
-
Buyer's Agent in 2020
Marlene Alvarez
Keller Williams Key West Compass Realty
(305) 647-8881
4 in this area
12 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 611509
APN: 00003660-000000
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