506 Grinnell Street, Key West, FL 33040

$999,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,416 Lot Size (sq. ft.): 1,863 Status: Active
Current Price: $999,000 List Date: 8/14/2026 Last Modified: 8/14/2026

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

More Information MLS# 620987

Contract Information

Current Price: $999,000 Listing Date: 2026-08-14 Listing Board: Key West Association List Price: $999,000 As is Rght to Inspct: Yes

Location Tax Legal

Street #: 506 Street Name: Grinnell Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unlisted (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: No Pool: No Year Built: 1938 Lot Size: 22 X 90 Lot SqFt: 1863 Lot Sqft Source: Tax Records Acres: 0.04 Living Apx SqFt: 1416 SqFt Source: Tax Records Total Bedrooms: 3 Full Baths: 1 Half Baths: 1 Total Baths: 2 Rentals Allowed: With Restrictions Min Rental Days: 30

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Building Style

Above Flood: Unknown

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Building Style: Conch Furnished: Unfurnished Cooling: Wall/Window Unit(s) Utilities: Cable Available; FKAA; Municipal Sewer Appliances: Dishwasher; Gas Appliances; Range; Refrigerator Exterior Features: Fencing; Fruit Tree(s) Construction: Frame Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance
Listing Office: Realty ONE Group Destination
Last Updated: August - 14 - 2026
Broker Attribution: rogdestination@gmail.com

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