For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Triplex and Adjacent Multifamily Lot Title is generated by Realmo AI

    127 & 121 Monroe Drive, Plantation Key, FL 33070

    View on Map
    Claim this Listing
    New
    For Sale
    $2,399,000

    MULTI_FAMILY - Plantation Key, FL

    Property size:
    2,409 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $995/SF
    Added:
    Jun 15, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 16 at 2:06 pm

    Property Features for 127 & 121 Monroe Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MF - Multi-Family Attache
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4
    Parking features
    Open, RV
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Exterior features
    Chickee Hut
    Appliances
    Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Stainless Steel Appliance(s)
    Standard status
    Active
    APN
    00417500-000100
    Size
    2,409 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BK 1 W 1/2 LOT 4 VACATION VILLAGE AMND AND EXTENDED PB5-69 PLANTATION KEY OR528-881 OR1316-2492 OR2973-641 OR2973-642 OR
    Tax Annual Amount
    21308

    Utilities

    Utilities
    Cable Available
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless
    Water front
    1

    Building Details

    Year built
    1972
    Number of units
    3
    Flooring type
    Tile, Laminate
    Building materials
    CBS
    Roof type
    Concrete

    We can help!

    Listing Contact
    Peter Schwarz-Top Producer

    Listing agent Peter Schwarz-Top Producer License #3301618

    Listing office LoKation Real Estate - Pompano Beach 1500 E Atlantic Blvd, Suite B, Pompano Beach, FL

    Listing date Jun 15, 2026

    MLS# 620278 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    The offering includes a concrete triplex and a separate adjacent multifamily parcel, presented together for a combined residential income and development-minded strategy. The triplex at 127 Monroe Drive contains three rental units configured as 1/1, 1/1, and 2/2, with full kitchens and full baths for each unit. The property includes abundant on-site parking and comfortable outdoor living areas. According to the provided details, Units 1 and 3 were renovated with updated interiors and fresh finishes. The dock electric was upgraded in 2025 with a dedicated meter for dock power, with one on each property.

    The second parcel at 121 Monroe Drive is an additional multifamily lot that is currently vacant and ready for a next phase. The combined zoning is listed as MF - Multi-Family Attache. The remarks also note free access to Founders Park, including a sandy beach, swimming pool, boat ramp, playground, tennis, pickleball, walking paths, sports fields, and a dog park.

    This configuration can suit buyers seeking an income-producing residential property now, alongside an adjacent multifamily site for continued planning. The unit mix, dedicated dock power upgrade, existing parking, and outdoor living areas support a practical operator profile, while the vacant neighboring parcel provides an on-site option for future additions to the compound consistent with the stated goal of expanded development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plantation Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.554487
    Latitude
    24.977314

    FAQs

    What type of property is this?
    Triplex - Concrete triplex with three rental units plus an adjacent multifamily lot, offering expansion flexibility with on-site parking and outdoor space.
    Where is this triplex located?
    The property is located at 127 & 121 Monroe Drive Plantation Key, FL.
    What is the asking price?
    The asking price for this property is $2,399,000.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message