701 Keen Rd, Frostproof, FL 33843 | For Sale

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For Sale $1,699,999 ($287.75 per Sq Ft)

$1,699,999 ($287.75 per Sq Ft)
  • (0)
  • 8 Units
  • 5,908 Sq Ft
  • 172,206 Sq Ft
  • Unknown Cap Rate

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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $1,699,999
Property Type Multi-Family
Usable Sqft 5,908
Number of Stories 0 stories
Parking Spots 2 spots
Year Built 1971
Last Sold Unknown
Sold Price Unknown
APN # 273125000000031020
MLS # L4955855
Property ID 301341517
Lot Sqft 172,206
Zoning XX
Total Units 8
Days on Market 94
Original List Price $1,999,000
Date Updated November 11, 2025
Date Created September 15, 2025

Financials not available online. Please inquire with your agent for more details.

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Listing Provided By

Mindy Russo an agent of KELLER WILLIAMS REALTY SMART.


© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of November 11, 2025 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.



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