701 KEEN ROAD
Frostproof, FL, 33843 $ 1,499,999
Bedrooms15 Baths13.0 Sq 5,908 Monthly Estimate*
$ 9,236
for $1,499,999 with 15 bedrooms and 13 full baths. This 5,908 square foot home was built in 1971 on a lot size of 3.95.
Here’s the opportunity you’ve been waiting for, a rare multi-unit income producing property! There are 8 units total, currently being rented out on a month-to-month basis. The property is nestled on nearly 4 acres under a canopy of old Florida charm, this one-of-a-kind property features a 3bd/2ba main residence, 4 architecturally charming A-frame 2bd/2ba cottages, and a multi unit apartment building with two units that are 1bd/1ba and one unit that’s a 2bd/1ba. All grandfathered under ARR zoning. The grounds are thoughtfully designed to offer both privacy and community, including a screened–in saltwater pool (new pump and recently resurfaced), garden pathways, shaded gathering areas, and plenty of parking. Just a stones throw away from the public boat ramp to crooked lake, where your guests or tenants can enjoy year round, boating, kayaking, and world class fishing. There’s also an Internet tower for fast Internet, property wide water softener system, a Generac generator for the apartment building, two large sheds, 6 smaller storage sheds, large chicken coop with run, fruit trees including mango, starfruit, cherry, lemon, lychee, pomegranate, banana, and numerous other young fruit trees. The main home was built in 2015 has a metal roof, carport, two open porches, and comes furnished including washer and dryer. All 4 A-frame cottages have new metal roofs as of April 2025 and all new HVAC systems. The 2/1 apartment also has a huge bonus room with a loft and a private laundry room (which could be turned into a 4th unit). But that’s not all there’s also a RV 30 amp hook up (with ample space for up to 9+ more) envisioning the potential for 10+ oversized RV pads, this property combines existing cash flow with development upside potential. This property is not just a residence or average income producer – it’s a flexible income–generating resort with limitless potential:think short-term vacation rentals, wellness retreats, church camps, rehabilitation centers, RV expansion, corporate rentals, live + earn model, or multigenerational living.
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Connected Emergency Power
Roof Metal
Zoning XX
Pool Features In Ground Salt Water Screen Enclosure
Construction Materials Stucco Vinyl Siding
Year Built 1971
View Water
Property Subtype Multi Family
Tax Year 2024
Ownership Fee Simple
Community Features Pool
County Polk
New Construction false
Property Type Residential Income
Subdivision Name CROOKED LAKE
Garage Y/N false
Other Structures Shed(s) Storage
Status Active
Directions From US Highway 27 S to left onto 630A to left onto Keen Rd. Home is located on the left.
City FROSTPROOF
Body of Water LITTLE CROOKED LAKE
Senior Community Y/N false
Number Of Units Total 8
MLS Area 33843 - Frostproof
Lot Size Units Acres
Lot Size Square Feet 172206
Carport Spaces 2
Carport Y/N true
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 11328.93
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4955855
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description BEG NW COR OF SEC RN S 01 DEG 22 MIN 56 SEC E ALONG W SEC LINE 426 FT E 1233.13 FT TO POB RUN N 377.17 FT S 76 DEG 48 MIN 26 SEC E 556.59 FT S 253.23 FT W 545 FT TO POB
Water View Lake
Water Access Type Lake
Minimum Lease No Minimum
Water Access Y/N true
Water View Y/N true
Flood Zone Code X
DockY/N false
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InteriorInterior Amenities Accessibility Features Ceiling Fan(s)
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside Laundry Room
Total Bedrooms 15
Total Baths 13
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ExteriorExterior Amenities Outbuilding Private Mailbox
Water Source Well
Lot Size Area 3.9533
Foundation Details Slab
Number of Buildings 6
Lot Size Acres 3.95
Road Surface Type Asphalt
Private Pool true
Waterfront Y/N false
Covered Spaces 2
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* Excluded FeaturesList ByKeller Williams Realty SmartBroker
mmchesnick07@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,236
- Monthly Property Taxes
- $944
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Frostproof, FL
Average List Price $1,499,999
Percent of Sale Price 0%
About Frostproof, FL 3,239 Population
-7% Since 2002
$ 37,293 Median Income
42.13 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/10/2026 | $1,499,999 | -11.76% | Price Down |
| 12/19/2025 | $1,699,999 | | Listed Price |