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701 KEEN ROAD

For Sale
$1,424,999

BTC: 23.20845277

ETH: 816.15063001

-$574K (2026/03/17)
264 days
15 bds
5,908 sqft

Overview

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.

Location

Florida • FROSTPROOF • 33843 • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1971
Lot:
3.95 Acres
Heating:
Central
Price/sqft:
$241
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$11,328
2024
Pool
In Ground
View
Water
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Accessibility Features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 15

  • Property

    • Pool Private: Yes

    • Exterior Features: Outbuilding / Private Mailbox

    Lot

    • Lot: 3.95 Acres

    Other Property Information

    • Parcel Number: 273125000000031020

    • Zoning: XX

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family (5+)

  • Utility

    • Electricity Connected

    • Emergency Power

  • Other financial information

    • Annual tax amount: $11,329

  • Source details

    • MLS ID: L4955855

    Other facts

    • Construction Materials: Stucco / Vinyl Siding

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Pool Features: In Ground / Salt Water / Screen Enclosure

    • Other Structures: Shed(s) / Storage

    • Water Body Name: LITTLE CROOKED LAKE

    • Living Area: 5908

    • Water Source: Well

    • Subdivision Name: CROOKED LAKE

Private inquiry
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Market around this address

Live counts in the same area.
View all
This zip
33843
351
median $49K
Active
Same city
FROSTPROOF
351
median $49K
Active
Similar price
$997K – $1.9M
7
median $1.4M
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY SMART