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$999,000
506 Grinnell Street
Key West, FL 33040
MLS# 620987
3 beds  |  2 baths  |  1416 sqft


Welcome to 506 Grinnell Street
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Welcome to 506 Grinnell Street 506 Grinnell Large Yard Living room with hardwood floors 506 Grinnell 506 Grinnell Dining room 506 Grinnell 506 Grinnell Full bathroom on main level Kitchen with gas stove 506 Grinnell 506 Grinnell 506 Grinnell Laundry porch Downstairs third bedroom/office 506 Grinnell 506 Grinnell Upstairs back bedroom 506 Grinnell Upstairs half bath 506 Grinnell Upstairs front bedroom 506 Grinnell 506 Grinnell 506 Grinnell 506 Grinnell 506 Grinnell

Property 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
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $999,000
Listing Date: 2026-08-14
List Price: $999,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE
Alternate Key #: 1008036
Parcel #: 00007760000000
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: Unknown
Legal: Kw Pt Lot 2 Sqr 46 H1-597 Or488-591/92 Or932-1856 Or1297-2343/44 Or1297-2349/51 Or1297-2352/54 Or1301-311/13 Or1301-314/
Taxes: 8348.36
Tax Year: 2025
Pub Sewer HkUp: Yes
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
Waterfront: No
Control Depth: 0
Lot Size: 22 X 90
Lot SqFt: 1863
Pool: No
Lot Sqft Source: Tax Records
Total Units: 0
Acres: 0.04
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Min Rental Days: 30
Style: Single Family
Year Built: 1938
Living Apx SqFt: 1416
Total Bedrooms: 3
Full Baths: 1
Half Baths: 1
Total Baths: 2
Remarks & Misc
Remarks – Consumer: 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
Directions: Grinnell Street between Southard and Fleming.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Gas Appliances: 1
Range: 1
Refrigerator: 1
Pets
Pets Allowed: 1
Cooling
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Property Condition
Fixer Upper: 1
Building Style
Above Flood: Unknown
Conch: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Exterior Features
Fencing: 1
Fruit Tree(s): 1
Status Change Info
Status: Active
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

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