Last June, Princess Grace Kelly’s former childhood home in the East Falls neighborhood of Philadelphia, Pennsylvania was listed for $1 million. The six-bedroom, four-bathroom home was built by the actress and royal’s father, John B. Kelly. The Kelly family occupied the home until 1974, when it was sold to the most recent owner who lived in it for more than 40 years.
The house, which has landmark status in Pennsylvania, was purchased in September for $775,000 and the buyer has finally been revealed: Princess Grace’s son and the reigning monarch of Monaco, Prince Albert II. The Prince confirmed the news to PEOPLE: “It feels good. I’m very happy to have saved this old family home from a near certain death or development.” The Prince has fond memories of visiting the home as a child with his family, and told PEOPLE that he’s looking forward to bringing his twins, Prince Jacques and Princess Gabriella, to visit. Currently, he is looking at turning part of the home into a museum exhibit and using other rooms in the house as offices for his foundation.
While the home is in need of some renovations, one feature that probably won’t be removed or remodeled is the door where Princess Grace and her siblings’ heights are recorded in etchings. In addition to six bedrooms, the 4,000-square-foot house contains many fireplaces, a basement with laundry, and a three-car garage.
Take a look at photos of the interior below, with photography by Gene London: