701 KEEN ROAD
FROSTPROOF, FL 33843
About this home
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.
Facts & features
Interior
- Bedrooms
- 15
- Bathrooms
- 13
- Living area
- 5,908 sqft
- Heating
- Central
- Cooling
- Central Air
- Features
- Accessibility Features, Ceiling Fans(s)
Exterior & lot
- Lot size
- 172,206 sqft (3.95 ac)
- Pool
- Yes
- Roof
- Metal
- Construction
- Stucco, Vinyl Siding
- Exterior
- Outbuildings, Private Mailbox
Parking
- Carport
- 2 spaces
Financial
- Annual tax
- $11,329 (2024)
- Price / sqft
- $241/sqft
Utilities
- Water
- Well
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Emergency Power
Property
- Property type
- Multi-Family
- Year built
- 1971
- Subdivision
- CROOKED LAKE
- County
- Polk
Listing
- Status
- Active
- Days on market
- 177 days
- MLS #
- MFR769908555
- Source
- Stellar MLS
Listed by Mindy Russo · KELLER WILLIAMS REALTY SMART
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 22 comparable sales within 1 mile of FROSTPROOF, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $7,206/mo
- Property tax
- $944/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Mar 17, 2026 | Price reduced | $1,424,999 | −$574,001 |
| Sep 15, 2025 | Listed | $1,999,000 | — |
NeighbourhoodSample data
Reference scores for FROSTPROOF, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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