$1,999,000

701 Keen Rd Frostproof, FL 33843

Estimated payment $11,501/month

Total Views 82
15 Beds
13 Baths
5,908 Sq Ft
$338 Price per Sq Ft

Highlights

  • Access To Lake
  • Lake View
  • No HOA
  • Screened Pool
  • 3.95 Acre Lot
  • Laundry Room

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.

Listing Agent

Mindy Russo

KELLER WILLIAMS REALTY SMART Brokerage Phone: 863-577-1234 License #3320423 Listed on: 09/15/2025

KELLER WILLIAMS REALTY SMART

Co-Listing Agent

John Carter

KELLER WILLIAMS REALTY SMART Brokerage Phone: 863-577-1234 License #3093835

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $11,329

Year Built

  • Built in 1971

Parking

  • 2 Carport Spaces

Home Design

  • Slab Foundation
  • Metal Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 5,908 Sq Ft Home
  • Ceiling Fan
  • Lake Views
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 13 Bathrooms

Pool

  • Screened Pool
  • In Ground Pool
  • Saltwater Pool
  • Fence Around Pool

Outdoor Features

  • Access To Lake
  • Shed
  • Outbuilding
  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Additional Features

  • Accessibility Features
  • 3.95 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 27-31-25-000000-031020

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 8 Units
  • Crooked Lake Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Co-Op

Est. Annual Taxes

$11,329

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Stucco, Vinyl Siding
  • Fireplace: No
  • Living Area: 5908
  • Lot Size Acres: 3.95
  • New Construction: No
  • Year Built: 1971
  • Lot Size Sq Ft: 172206
  • Directions to Property: From US Highway 27 S to left onto 630A to left onto Keen Rd. Home is located on the left.
  • Status: Active
  • Co List Office Mls Id: MFR265500286
  • Co List Office Phone: 863-577-1234
  • Ownership: Co-op
  • Available for Lease YN: 1
  • Escrow City: Lakeland
  • Escrow Postal Code: 33813
  • Escrow State: FL
  • Escrow Street Name: Florida Avenue S. #27
  • Escrow Street Number: 4406
  • List Office Head Office Key Nume: 1044122
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 338.35
  • Total Acreage: 2 to less than 5
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_DockYN: 0
  • Attribution Contact: 863-577-1234
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Accessibility Features, Ceiling Fans(s)
  • Foundation Details: Slab
  • Total Bedrooms: 15
  • Street Number Modifier: 701
  • Living Area Meters: 548.87

Exterior Features

  • Other Structures: Shed(s), Storage
  • Pool Features: In Ground, Salt Water, Screen Enclosure
  • Exterior Features: Outbuildings, Private Mailbox
  • Roof: Metal
  • Pool Private: Yes
  • View: Water
  • Water Body Name: LITTLE CROOKED LAKE
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: Lake
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: Public boat ramp located diagonally across the street. Crooked Lake, a spring fed highly desirable certified Florida, Outstanding Water-only one in Polk county

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Emergency Power
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Pool
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: XX
  • Parcel Number: 27-31-25-000000-031020
  • Additional Parcels: No
  • Flood Zone Code: X
  • Lot Size Square Meters: 15998

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Multi Family

  • Number Of Units Total: 8
  • Total Num Buildings: 6
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 11328.93
  • Tax Book Number: P-81

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 For Sale $1,999,000 -- $338 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: L4955855

Stellar MLS

APN: 273125000000031020