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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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
