506 Grinnell Street, Key West, FL 33040
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
506 Grinnell Street,Key West, FL 33040
$999,000
- 3 Beds
- 2 Baths
- 1,416 sq. ft.
- Single family
- Active
Listed by: stacy stahl
Office: realty one group destination
MLS#:620987
Source:FL_FKBOR
Price summary
- Price:$999,000
- Price per sq. ft.:$705.51
About this home
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...
Contact an agent
Home facts
- Year built:1938
- Subdivision & Development:Old Town - Unlisted (1.0)
- Listing ID #:620987
- Added:45 day(s) ago
- Updated:September 29, 2026 at 03:01 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Living area:1,416 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Year built:1938
- Building area:1,416 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Frame
- Exterior Features:Fencing, Fruit Tree(s)
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$705.51
- Tax amount:$8,348
New listings near 506 Grinnell Street
- New
$1,350,000Active3 beds 3 baths1,600 sq. ft.197 Golf Club Drive, Key West, FL 33040
MLS# 621423Listed by: EXPERT REALTY LLC (HQ) - New
$1,400,000Active3 beds 2 baths1,780 sq. ft.646 William Street, Key West, FL 33040
MLS# 621406Listed by: COLDWELL BANKER SCHMITT REAL ESTATE CO. (KW) - New
$1,995,000Active2 beds 3 baths1,409 sq. ft.419 Simonton Street #c, Key West, FL 33040
MLS# 621400Listed by: TRUMAN & CO. (KW) - New
$2,650,000Active3 beds 2 baths2,038 sq. ft.1500 Atlantic Boulevard #414, Key West, FL 33040
MLS# 621379Listed by: KELLER WILLIAMS KEY WEST COMPASS REALTY - New
$1,575,000Active4 beds 4 baths2,082 sq. ft.2519 Staples Avenue, Key West, FL 33040
MLS# 621374Listed by: KELLER WILLIAMS KEY WEST COMPASS REALTY - New
$45,000Active2 beds 3 baths1,000 sq. ft.200 Sunset Lane #534 Week 44, Key West, FL 33040
MLS# 621371Listed by: BERKSHIRE HATHAWAY HOMESERVICES KNIGHT & GARDNER REALTY - New
$535,000Active2 beds 2 baths1,032 sq. ft.3316 Harriet Avenue, Key West, FL 33040
MLS# 621365Listed by: EXP REALTY LLC - New
$739,000Active2 beds 1 baths390 sq. ft.316 Virginia Street, Key West, FL 33040
MLS# 621364Listed by: ENGEL & VOELKERS KEY WEST - New
$989,000Active2 beds 2 baths861 sq. ft.418 Amelia Street, Key West, FL 33040
MLS# 621361Listed by: BERKSHIRE HATHAWAY HOMESERVICES KNIGHT & GARDNER REALTY - New
$1,299,000Active3 beds 3 baths1,260 sq. ft.626 Fleming Street #A, Key West, FL 33040
MLS# 621356Listed by: TRUMAN & CO. (KW)