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For SaleResidential IncomeActive

701 Keen Road

Frostproof, FL 33843

$1,424,999

417 Days On Site

  • 15Beds
  • 13Baths
  • 5,908Sq Ft
  • $241Per Sq Ft
  • 3.95Acres
  • 1971Built
Subdivision
Crooked Lake
County
Polk
MLS®
L4955855

Overview

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.

Listing Snapshot

Price
$1,424,999
Days On Site
417 Days
Bedrooms
15
Inside Area (SqFt)
5,908 sqft
Total Baths
13
Full Baths
N/A
Partial Baths
0
Lot Size
3.95 Acres
Year Built
1971
MLS® Number
L4955855
Status
Active
Property Tax
$11,328.93 (2024)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records

Property Details

General Features

7 items
Acres
3.95
Carport
2
Foundation
Slab
Sewer
Septic Tank
Utilities
Electricity Connected
Water Source
Private, Well
Zoning
XX

Interior Features

3 items
Cooling
Central Air
Heating
Central
Laundry Features
Inside, Laundry Room

Exterior Features

8 items
Construction Details
Stucco, Vinyl Siding
Other Structures
Shed(s), Storage
Pool Features
In Ground, Salt Water, Screen Enclosure, Private
Private Pool
Yes
Roof
Metal
View
Lake, Water
Waterfront Features
Lake Privileges
Waterview
Lake, Water

Community Features

5 items
Community Features
Pool
MLS Area
33843 - Frostproof
Township
31
Financing Terms Available
Cash, Conventional
Roads
Asphalt

Location

701 Keen Road, Frostproof, FL 33843 · 33843 - Frostproof

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Neighborhood & Commute

ZIP Code 33843

Median household income
$50,024
Income per person
$25,786
Households
5,106
Average household size
2.33
Median age
50.8

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Status changed to Active
  3. Price changed to $1,424,999
  4. Listing first seen on site

Friends & Family

Listing courtesy of KELLER WILLIAMS REALTY SMART (863) 812-1294

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-06 01:06 PM EST

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