For sale Home

Listed Aug 14, 2026

$999,000 Est. $6,607/mo

506 Grinnell Street

  • 3

    Beds

  • 2

    Baths

  • 1,416

    Sq ft

The story

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

Facts & features

Home type

Home

Year built

1938

Price per sq ft

$706

Included features

  • Cooling

    Wall/Window Unit(s)

  • Appliances

    Dishwasher, Range, Refrigerator

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$6,607 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $5,317
  • Property tax $999
  • Insurance $291

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Realty ONE Group Destination

Broker Name

Realty ONE Group Destination

Agent

Stacy Stahl