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127 & 121 Monroe Drive #1-3, Plantation Key, FL 33070

Plantation Key
Local realty services provided by:CENTURY 21 Circle
127 & 121 Monroe Drive #1-3,Plantation Key, FL 33070
$2,899,000
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  • 4 Beds
  • 4 Baths
  • 2,409 sq. ft.
  • Multi-family
  • Active
Listed by: peter schwarz-top producer, ewa schwarz
Office: lokation real estate
MLS#:620278
Source:FL_FKBOR

Price summary

  • Price:$2,899,000
  • Price per sq. ft.:$1,203.4

About this home

Exceptional investment and lifestyle opportunity in the heart of Plantation Key. This offering includes a triplex income property together with the adjacent multifamily lot, giving you both immediate rental income and room to grow. In the Village of Islamorada, it is rare to find side-by-side multifamily parcels in such a convenient, desirable Upper Keys neighborhood. 127 Monroe Drive is a concrete triplex of roughly 2,400 sq ft on a 7,500 sq ft lot, with 3 rental units (1/1, 1/1, 2/2), full kitchens and baths, abundant on-site parking, and comfortable outdoor living areas. Units 1 and 3 were renovated with fresh finishes and updated interiors that attract solid tenants and keep maintenance in check. In 2025, the dock electric was upgraded with a dedicated meter for the dock power, one on each property. Next door, 121 Monroe Drive is an additional multifamily parcel of about 7,500 sq ft, now vacant and ready for your next phase of development. Consider adding more units, a...

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Home facts

  • Year built:1972
  • Subdivision & Development:Vacation Village - AMD (89.0)
  • Listing ID #:620278
  • Added:107 day(s) ago
  • Updated:September 30, 2026 at 04:10 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Living area:2,409 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Year built:1972
  • Building area:2,409 sq. ft.
  • Lot area:0.34 Acres
  • Exterior Features:Chickee Hut

Finances and disclosures

  • Price:$2,899,000
  • Price per sq. ft.:$1,203.4
  • Tax amount:$21,307

Features and amenities

  • Amenities:Drapes Included

Parking

  • Parking description:Guest, Off Street, Open

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