Prince Albert of Monaco, the son of Grace Kelly and Prince Rainier III of Monaco, has purchased the Philadelphia home where his mother grew up.


The six-bedroom, two-and-a-half story house was built in 1935 by Kelly’s father John B. Kelly, Sr., a three-time Olympic gold medal rower. Prince Albert confirmed that he was indeed the recent purchaser of the property.

“It feels good,” he tells People. “I’m very happy to have saved this old family home from a near certain death or development. We’re still trying to figure out what we’re going to do with it. We’re looking at having it contain some museum exhibit space and maybe use part of it for offices for some of our foundation work.”

The Prince plans to travel to Philadelphia next week to determine the future plans for the house. But the house has a lot of significance to him. “I couldn’t have been more than two, probably my first visit to the house. I remember rolling about on the carpet in the living room. The house is filled with little moments like that. Moments of being a family.” He looks forward to sharing the home with his two children.

The house was owned by the Kelly family from 1935 until 1947, when it was sold to the next owner, who lived there for nearly 40 years.

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