USAFLTavernierVacation Village-Amd (89)13-127 Monroe Dr

13-127 Monroe Dr, Tavernier, FL

House

For Sale

Listed price in listed location currency (USD).

$2,899,000

0010

MLS® A12061389

Overview

Key Facts

Type Triplex

Levels Residential Income

Size 2409 sqft

Garage

Taxes $21,308

Days Active 62

Lot Size

Approx. Age 1972

Avg. Price Per Sqft $1,203

MLS® Number A12061389

Property Address: 13-127 Monroe Dr, Tavernier, FL, 33070-2042

Average square foot calculated using Size range provided by listing agent.

Description

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, and demand for quality rentals remains strong. With recent upgrades and easy access to the mainland, this combined offering is a great opportunity for investors, 1031 buyers, or owner-operators who want a flexible Keys property with income today and room for future build-out and long-term appreciation. Free access to Founders Park, with sandy beach, swimming pool, boat ramp, playground, tennis, pickleball, walking paths, sports fields, dog park and daily fun activities and regular events.

MLS® NumberA12061389

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1972

Basement

Driveway

Garage Spaces

HeatHeat Strip, Separate Meters

A/CCeiling Fans, Wall Window Units

Extras

Map

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