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© 2026 DockOnly™. All rights reserved.

DockOnly™ and Dock Score™ are trademarks of Blue Mar Real Estate Group Inc.

Blue Mar Real Estate Group Inc.

Licensed Florida Real Estate Broker · DBPR License CQ1018554

4000 Ponce De Leon Blvd, Suite 470, Coral Gables, FL 33146

[email protected]

Listing data is provided by participating Multiple Listing Services and is deemed reliable but not guaranteed. Each listing's MLS source and its required disclosures appear with that listing. Dock Score™ is a DockOnly.com rating and is not provided by or affiliated with any MLS or listing broker. NOAA chart data is public domain and for reference only, not for navigation. Full MLS Compliance

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Blue MarREAL ESTATE GROUP

Search Markets Dockominiums

Search Markets Dockominiums Saved

Real Estate Agents

127 & 121 Monroe Drive 1-3 photo 1

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+20

127 & 121 Monroe Drive 1-3

Plantation Key, FL, 33070

Active

$2,399,000

127 & 121 Monroe Drive 1-3

Plantation Key, FL, 33070

Active

$2,399,000

4

Bedrooms

4

Bathrooms

2,409 sqft

Living Area

1972

Year Built

$2,399,000Tour the dockSchedule a Showing

Navigation note: Navigation routes show the shortest mapped path to open water. A vessel taller than the binding bridge clearance may still reach open water via a longer alternate route that we don't currently map. Verify navigability with a local captain or surveyor before relying on it.

15,000

Lot Size (sqft)

35

Days on Market

Dock Score™

DockOnly

73

Good

What shaped this score

✓Canal

✓Dock with boat lift

✓Premium waterfront location

✓Fits boats up to ~50ft (est.)

DockOnly.com rating, not provided by the MLS or listing broker.

Dock & Water AccessMLS

Canal Front

AI Aerial Imagery Detection

Dock DetectedBoat Lift DetectedSeawall Detected~36-48 ft dock

Detected by AI from open-source aerial mapping imagery and may not reflect current conditions. This information was not provided by the MLS or listing broker. Always verify dock infrastructure with the listing agent.

Canal GeometryDockOnly

Canal Width

SFWMD Verified

54ft at dock

Range 47–62 ft over the next 200 ft of canal

Measured every 10 ft along the canal boundary · perpendicular measurement

Will it turn around?

Up to 13 ft

Easy
handling

13–18 ft

Fits
with care

18–21 ft

Tight
(back-in)

Boats over 21 ft typically back in/out rather than turning here. Clear channel ≈ 28 ft with boats moored both sides (~13 ft per side for dock + beam). Wide-beam yachts need the upper end of each range.

Navigation RouteDockOnly

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

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 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 pool, covered parking with storage, or enhanced 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 already completed 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.

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See the property and tour the dock. A licensed waterfront specialist will arrange your private showing.

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Location

Plantation Key, FL, 33070

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of LoKation Real Estate - Pompano Beach via Florida Keys MLS

Last updated: 6/15/2026

© 2026 Florida Keys Board of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Dock Score™

DockOnly

73

Good

What shaped this score

✓Canal

✓Dock with boat lift

✓Premium waterfront location

✓Fits boats up to ~50ft (est.)

DockOnly.com rating, not provided by the MLS or listing broker.

Nearest Bridge Clearances

Florida Keys, critical for tall/large vessels

No bridge data available for this location.

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Mortgage Calculator

Estimate your monthly payment for this waterfront property

Loan Term

Down Payment

20%

$479,800 down

Interest Rate

%

Principal & Interest$12,448/mo

Property Tax (est. ~1.2%, varies by county)$2,399/mo

Home Insurance (est.)$250/mo

Total Monthly Payment$15,097

Loan Amount: $1,919,200Rate: 6.75%

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Estimated payments only. Actual rates and terms may vary.

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