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Active · Multi-Family

701 KEEN ROAD

FROSTPROOF, FL 33843

Beds
15 beds
Baths
13 baths
Area
5,908 sqft
Multi-FamilyBuilt 1971172,206 sqft lotCentralCentral AirPool$241/sqft337 days on market

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.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$1.32M
−7.2% vs asking
$1.24M low$1.41M high

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
Estimated monthly payment$8,150/mo
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.

DateEventPriceChange
Mar 17, 2026Price reduced$1,424,999−$574,001
Sep 15, 2025Listed$1,999,000

NeighbourhoodSample data

Reference scores for FROSTPROOF, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
44/ 100
Car-dependent
Transit Score
38/ 100
Some transit
Bike Score
59/ 100
Bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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