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November 02, 2016

WATCH: Prince Albert visits Grace Kelly home, family talks plans for property

When the historic home of the late actress Grace Kelly finally sold in September, the real estate agent who closed the deal described the process as a "love story" in East Falls. 

At the time, it wasn't publicly known that the buyer of the house was Kelly's son, Prince Albert of Monaco. He officially announced it to People late last month and suggested the family might turn the home at 3901 Henry Avenue into a museum exhibit space or foundation office. 

On Tuesday, Prince Albert visited Philadelphia to get a lay of the land. He was joined by his cousin, John B. Kelly III, who took some time to further elaborate on potential plans in an interview with The Associated Press. 

Prince Albert purchased the home for $775,000 after multiple offers were received over a period of a few months. 

Built in 1935, the 2.5-story Colonial home was designed by three-time Olympic gold medalist John B. Kelly Sr., a prominent Philadelphia bricklayer. Grace Kelly grew up in the home before embarking on her acting career at the age of 20. Just six years later — and with an Oscar for Best Actress in "The Country Girl" — Kelly retired and accepted a marriage proposal from Prince Albert's father, Prince Rainier III.

The city of Philadelphia dedicated the site with an official plaque in 2012.