127 & 121 Monroe Dr. 1-3, Islamorada Village Of Islands, FL 33070

Islamorada Village Of Islands
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
127 & 121 Monroe Dr. 1-3,Islamorada, FL 33070
$2,899,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,409 sq. ft.
  • Multi-family
  • Active
Listed by: ewa schwarz
Office: lokation954-545-5583
MLS#:A12061389
Source:SEFMLS

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 Islamorada, it's rare to find side-by-side multifamily parcels in such a convenient, desirable neighborhood. This CBS triplex is 2,409 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 great outdoor living areas. Units 1 and 3 were renovated with updated interiors that attract solid tenants. In 2025, the dock electric was upgraded with a dedicated meter for dock power, one on each property. Next door, 121 Monroe Drive is an additional multifamily parcel of about 7,500 sq ft, ready for development. Add more units, a pool, covered parking with storage, or enhance outdoor spaces to create a cohesive compound and boost rental revenue. Multifamily waterfront land in Islamorada is limited,...

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Home facts

  • Year built:1972
  • Subdivision & Development:Vacation Village-AMD (89)
  • Listing ID #:A12061389
  • Updated:August 07, 2026 at 10:04 AM

Rooms and interior

  • Flooring:Tile
  • Living area:2,409 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Wall/Window Units
  • Heating:Heat Strip

Structure and exterior

  • Roof:Concrete
  • Year built:1972
  • Building area:2,409 sq. ft.
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,899,000
  • Price per sq. ft.:$1,203.4
  • Tax amount:$21,308 (2025)

Parking

  • Total parking spaces:10
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