508 Grinnell Street, Key West FL 33040, KEY WEST, FL, 33040
Active531 days on marketListed Mar 3, 2025MLS #R11067758
About this home
508 Grinnell Street, Key West FL 33040
Traditional key West home impeccably maintained, boasts three bedrooms, three full baths with plenty of closets throughout the home. Large private lot with a heated pool featuring a waterfall. Nice size cabana room that has a/c and heat with ample closet space can be a fourth bedroom. This home has large rooms for entertaining, quaint front porch and off street parking. A true treasure.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
2,049
Sqft
0.07 ac
Lot size
1938
Year built
2
Levels
$1,266
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$16,244 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$16,244/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Key West actives
$1,266 vs $818
Days on market
531 vs 113 typical
Where $1,266/sqft sits among the 7 Key West actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside North Old Town
Get to know Key West. See the full Key West guide →
North Old Town — neighborhood snapshot
Population
3,986
Median age
54
Median income
$93,269
Median home value
$1,122,322
Avg household
2
Households w/ children
191
For the school run
Monroe County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Key West market
$831K → $4.3M
Key West median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
0 of 7
Key West actives have cut their price
Median sold price, Key West, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 189% above the KEY WEST 33040 median. See the full Key West market guide →
Paper trail
This home's history
Reality check
What actually sold near 508 Grinnell Street
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$1,920,000
1116 Packer St, Key West FL 33040
3 bd · 3 ba · 1,473 sqft · $1,303/sqft · 318 DOM
Sold · Nov ’25$565,000
Nearby listing
2 bd · 1 ba · 38 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 508 Grinnell Street — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 508 Grinnell Street — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
508 Grinnell Street FAQs
What would the monthly payment be for 508 Grinnell Street, Key West FL 33040?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $16,244/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 508 Grinnell Street, Key West FL 33040?+
The most recent tax bill on record (2023) was $13,305. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 508 Grinnell Street, Key West FL 33040?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Key West?+
At $2,595,000, this home is listed about 160% above the Key West median of $999,500. The market section on this page shows how the area is trending.
Which schools are assigned to 508 Grinnell Street, Key West FL 33040?+
Key West High School (high), Gerald Adams Elementary School (elementary) — Monroe County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$2,595,000 runs 189% above the KEY WEST 33040 median — but at 2,049 sqft it's also 39% larger than the typical Key West listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
531 days on market against a Key West median of 113 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $2,800,000, now $2,595,000 — a $205K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Key West homes, in your inbox
Like 508 Grinnell Street, Key West FL 33040 but not quite? A daily digest of every new listing in Key West — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →