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.
For sale
Price cut: $100K (11/11)
$1,699,999
701 Keen Rd, Frostproof, FL 33843
8beds
6baths
5,908sqft
Est.:
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
- 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#: L4955855
Originating 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
Video & virtual tour
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
Estimated market value
Not available
Estimated sales range
Not available
$2,209/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Price change | $1,699,999-5.6%$288/sqft |
Source: | ||
| 10/17/2025 | Price change | $1,799,999-10%$305/sqft |
Source: | ||
| 9/15/2025 | Listed for sale | $1,999,000+487.9%$338/sqft |
Source: | ||
| 7/30/2004 | Sold | $340,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 3/10Ben Hill Griffin Jr Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 3/10Frostproof Middle/Senior High SchoolGrades: 6-12Distance: 2.6 mi
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