701 Keen Rd Frostproof, FL 33843
Estimated payment $8,499/month
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
KELLER WILLIAMS REALTY SMART Brokerage Phone: 863-577-1234 License #3320423 Listed on: 09/15/2025
Co-Listing Agent
KELLER WILLIAMS REALTY SMART Brokerage Phone: 863-577-1234 License #3093835
Property Details
Home Type
- Multi-Family
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,205 | $187,270 | -- | -- |
| 2024 | $808 | $170,245 | -- | -- |
| 2023 | $808 | $154,768 | $43,987 | $110,781 |
| 2022 | $802 | $151,341 | $0 | $0 |
| 2021 | $797 | $137,583 | $43,987 | $93,596 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2026 03/17/26 | Price Changed | $1,424,999 | 0.0% | $241 / Sq Ft |
| 03/17/2026 03/17/26 | For Sale | $1,424,999 | -5.0% | $241 / Sq Ft |
| 03/15/2026 03/15/26 | Off Market | $1,499,999 | -- | -- |
| 01/10/2026 01/10/26 | Price Changed | $1,499,999 | -11.8% | $254 / Sq Ft |
| 01/09/2026 01/09/26 | For Sale | $1,699,999 | 0.0% | $288 / Sq Ft |
| 01/04/2026 01/04/26 | Pending | -- | -- | -- |
| 11/11/2025 11/11/25 | Price Changed | $1,699,999 | -5.6% | $288 / Sq Ft |
| 10/17/2025 10/17/25 | Price Changed | $1,799,999 | -10.0% | $305 / Sq Ft |
| 09/15/2025 09/15/25 | For Sale | $1,999,000 | -- | $338 / Sq Ft |
Source: Stellar MLS
MLS Number: L4955855
APN: 273125000000031020
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Ask me questions while you tour the home.