Date
Details
Price
Change
Source
9/11/2025
Listed
$2,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,095,000
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Property Description
Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.
Full Property Details
Full Property Details for 718 - 720 Caroline St
General
- Price: $2,095,000
- Taxes: $2,780 (2024)
- Status: Active
- Type: Commercial
- Source: 927
- MLS ID: 616452
- Updated: 5/13/2026
- Added to Site: 294 day(s) ago
Interior
- Appliances: No Appliances
Rooms
Bathrooms
- Total Bathrooms: 3
- Half Bathrooms: 3
Location
- Area: 01 - Key West
- County: Monroe
- Subdivision: Old Town - Unrecord (1.0)
Community
- Association: Yes
- Assoc. Fees Include: Building Insurance, Common Area Mnt, Exterminating
Structural Information
- Construction: Frame
- Square Feet: 3,424
- Sq. Ft. Source: Seller
- Year Built: 1918
Unit Information
- Units in Building: 3
Lot Features
- Property View: No Waterview
- Lot Dimensions: 61.9 x 74
- Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $2,780.73
- Tax Year: 2024
Disclosures and Reports
- Legal Description: UNIT 718-A CAROLINE STREET CONDOMINIUM OR2157-2357/58 OR2375-2417/19 OR2643-2188/89 OR2841-356/58
- Flood Zone: AE
- APN: 00003560-000101
Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Team Gardner/Langley (305) 902-2447
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Listing agent
— 718 - 720 Caroline St —
Team Gardner/Langley
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NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 718 - 720 Caroline St
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Horace O'bryant School 1105 Leon Street, Key West, FL 33040 | 6-8 | 1 mi |
Gerald Adams Elementary School 5855 College Road, Key West, FL 33040 | PK-5 | 3.8 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 718 - 720 Caroline St
Tax History
Tax History for 718 - 720 Caroline St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,270
1%
$581,871
—
2023
$5,240
7%
$581,871
—
2022
$4,888
8%
$581,871
25%
2021
$4,517
-3%
$466,930
—
2019
$4,642
-8%
$466,930
—
2018
$5,028
-1%
$466,930
—
2017
$5,104
-5%
$466,930
—
2016
$5,352
-3%
$466,930
—
2015
$5,497
-3%
$466,930
—
2014
$5,682
7%
$465,888
10%
2013
$5,293
—
$423,535
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 718 - 720 Caroline St
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,500Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,008Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,398Sq. Ft.
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 2Total Baths
- 1,144Sq. Ft.
- Mobile Home
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 758Sq. Ft.
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718 - 720 Caroline Street, Key West, FL 33040 (MLS# 616452) is a Commercial property. 718 - 720 Caroline Street is currently listed for $2,095,000 and was received on September 11, 2025. Want to learn more about 718 - 720 Caroline Street? Do you have questions about finding other Commercial real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.