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For sale
  • Price cut: $100K (11/11)
    $1,699,999

    701 Keen Rd, Frostproof, FL 33843

    8beds
    6baths
    5,908sqft
    : 
    Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $288/sqft
    $-- HOA

    What's special

    Fruit treesOpen porchesMetal roofNew metal roofsNew hvac systemsGarden pathwaysShaded gathering areas
    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.
    108 days
    |
    386
    |
    24
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 11, 2025 at 02:45pm

    Listing Provided by:

    Mindy Russo 863-812-1294,

    KELLER WILLIAMS REALTY SMART 863-577-1234,

    John Carter 863-529-7488,

    KELLER WILLIAMS REALTY SMART

    Source: Stellar MLS,MLS#: L4955855MLS LogoOriginating MLS: Lakeland

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside, Laundry Room
    Features
    • Accessibility Features, Ceiling Fan(s)
    • Has fireplace: No
    Interior area
    • Total interior livable area: 5,908 sqft
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    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    • Carport spaces: 2
    Features
    • Exterior features: Private Mailbox
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water, Screen Enclosure
    • Has view: Yes
    • View description: Water, Lake
    • Has water view: Yes
    • Water view: Water,Lake
    • Waterfront features: Lake Privileges
    • Body of water: LITTLE CROOKED LAKE
    Lot
    • Size: 3.95 Acres
    Details
    • Additional structures: Shed(s), Storage, Outbuilding
    • Parcel number: 273125000000031020
    • Zoning: XX
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco, Vinyl Siding
    • Foundation: Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected, Emergency Power

    Community & HOA

    Community
    • Features: Pool
    • Subdivision: CROOKED LAKE
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Frostproof

    Financial & listing details

    • Price per square foot: $288/sqft
    • Tax assessed value: $617,984
    • Annual tax amount: $11,328
    • Date on market: 9/15/2025
    • Cumulative days on market: 95 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,209/mo

    Price history

    Price history
    DateEventPrice
    11/11/2025Price change$1,699,999-5.6%$288/sqft
    Source: Stellar MLS #L4955855 Report a problem
    10/17/2025Price change$1,799,999-10%$305/sqft
    Source: Stellar MLS #L4955855 Report a problem
    9/15/2025Listed for sale$1,999,000+487.9%$338/sqft
    Source: Stellar MLS #L4955855 Report a problem
    7/30/2004Sold$340,000$58/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$6,631 +3.5%$549,842 +8.6%
    2023$6,408 +8.6%$506,236 +8.5%
    2022$5,899 +7.8%$466,409 +8.5%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $11,199/mo
    Principal & interest
    $8422
    Property taxes
    $2182
    Home insurance
    $595

      Climate risks

      Neighborhood: 33843

      Nearby schools

      GreatSchools rating
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