701 KEEN RD

$1,424,999

15Bedrooms
13Bathrooms
5,908Sq Ft
1971Year Built
N/AGarage
359Days on Market
3.95 acLot Size

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

MLS #
MFRL4955855
PRICE
$1,424,999
STATUS
Active
BEDROOMS
15
BATHROOMS
13
FULL BATHS
N/A
HALF BATHS
N/A
SQUARE FOOTAGE
5,908 sqft
ACRES
3.95
YEAR BUILT
1971
TYPE
Multi-Family 5+
STYLE
N/A

Amenities

AMENITIES
N/A
PARKING
N/A
VIEW
No
WATERFRONT
No
POOL
Yes

Exterior

STYLE
N/A
CONSTRUCTION
Stucco, Vinyl Siding
FOUNDATION
Slab
ROOF
Metal
FENCING
N/A
LOT DESCRIPTION
N/A

Additional Information

DATE LISTED
September 15, 2025
DAYS ON MARKET
359
ZONING
XX
DIRECTION FACES
N/A
NEW CONSTRUCTION
No
SPECIAL CONDITIONS
None

Community Information

ADDRESS
701 KEEN RD
SUBDIVISION
Crooked Lake
CITY
Frostproof
COUNTY
Polk
STATE
FL
ZIP CODE
33843
SENIOR COMMUNITY
No

Interior

INTERIOR FEATURES
Ceiling Fans(s), Accessibility Features
HEATING
Central
COOLING
Central Air
FLOORING
N/A
FIREPLACE
N/A
STORIES
N/A
APPLIANCES
N/A

School Information

DISTRICT
N/A
ELEMENTARY
N/A
MIDDLE
N/A
HIGH
N/A

Location

Similar Properties

1307 COOK ST — home for sale

$960,000

1307 cook st

12bd
6ba
4,500sqft

SOUTHERN REALTY ENTERPRISES

1339 7TH ST SW — home for sale

$420,000

1339 7th st sw

6bd
5ba
3,020sqft

BHHS FLORIDA PROPERTIES GROUP

5100 SOUTH RD — home for sale

$449,940

5100 south rd

3bd
5ba
2,753sqft

FUTURE HOME REALTY INC