$999,000
 $5,363 est/mo Sourced by Back At You

506 Grinnell Street,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Charming Historic Old Town Key West Home, Ready for Its Next Chapter! Here's an opportunity for the buyer who sees possibility where others see a project. This 3-bedroom, 1.5-bath historic Key West home is tucked into the heart of Old Town, just minutes from the Historic Seaport, downtown, restaurants, shopping, and everything that makes island living so special. With classic Key West architecture, a welcoming front porch, hardwood floors, vintage windows, and plenty of original character, the home offers a wonderful starting point for a thoughtful renovation. The interior has been freshly painted, but this is a property that will require renovation and is best suited for a buyer ready to take on a true restoration project. Currently tenant occupied, the property also offers the advantage of existing rental income while a new owner makes plans, lines up contractors, or prepares for a future renovation or move-in. The existing floor plan includes generous living space, three bedrooms, a full bath downstairs, a half bath upstairs, and a private backyard with the potential to become a lush tropical retreat. For the right buyer, the appeal is undeniable: an authentic Old Town home, a highly desirable location, existing income, and the opportunity to restore, reimagine, and create something truly special. Bring your contractor, your creativity, and your vision. This one isn't pretending to be turnkey, but it just might be worth the work. *some photos digitally enhanced only to remove personal belongings

Details

MLS #620987
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1938
Days On Site10
Listing Provided ByRealty ONE Group Destination | Stacy Stahl

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,416
ZoningHHDR - Historic High Density Res
Acreage0.04
Water FrontNone
Property ViewNo Waterview

Taxes

Property8348

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area02 Key West
Community NameOld Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price:
$999,000
low | high
Med:
$949,000
55.005005005005% of Average
sqft:
1,416
low | high
Med:
1,520
42.655367231638% of Average
$ / sqft:
$706
low | high
Med:
$624
61.504662557294% of Average
On site:
10
low | high
Med:
186
5.376344086022% of Average
Sourced by Back At You

Market Activity 33040

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area02 Key West
Community NameOld Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price:
$999,000
low | high
Med:
$949,000
55.005005005005% of Average
sqft:
1,416
low | high
Med:
1,520
42.655367231638% of Average
$ / sqft:
$706
low | high
Med:
$624
61.504662557294% of Average
On site:
10
low | high
Med:
186
5.376344086022% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $749K - $1.248M
sqft: 1,000 - 1,500
Listing Updated: August 14, 2026 at 1:13:56 PM PDT
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