$1,999,000 for Sale
701 keen road , frostproof, FL 33843
| Beds 15 | Baths 13 | 5,908 Sqft | 3.95 Acres |
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Property Description
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.
Waterfront
General Information
Sale Price: $1,999,000
Price/SqFt: $338
Status: Active
MLS#: L4955855
City: frostproof
Post Office: frostproof
County: Polk
Subdivision: crooked lake
Acres: 3.95
Bedrooms:15
Bathrooms:13
House Size: 5,908 sq.ft.
Acreage: 3.95 est.
Year Built: 1971
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Stucco, Vinyl Siding
Exterior Misc: Outbuilding, Private Mailbox
Pool: Yes
Pool Description: In Ground, Salt Water, Screen Enclosure
Basement: No
Foundation : Slab
Cooling: Central Air
Heating: Central
Waste: Septic Tank
Watersource: Well
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $11,329
Legal Description: BEG NW COR OF SEC RN S 01 DEG 22 MIN 56 SEC E ALONG W SEC LINE 426 FT E 1233.13 FT TO POB RUN N 377.17 FT S 76 DEG 48 MIN 26 SEC E 556.59 FT S 253.23 FT W 545 FT TO POB
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Mindy Russo of KELLER WILLIAMS REALTY SMART, Phone: 863-577-1234
