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701 Keen Road, 
Frostproof, FL 33843

$1,999,000


15

Beds


13

Baths


5,908

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mindy Russo

John Carter

Keller Williams Realty Smart

Last updated:

September 26, 2025, 12:13 PM

MLS#

L4955855

Source:

MFRMLS

About This Home

701 Keen Road

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.

Home Facts

Multi-Family

13 Baths

15 Bedrooms

Built in 1971

Price Summary

1,999,000

$338 per Sq. Ft.

MLS #:

L4955855

Last Updated:

September 26, 2025, 12:13 PM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

15

Bathrooms

Total Bathrooms:

13

Interior

Living Area:

5,908 Sq. Ft.


Structure

Structure

Building Area:

5,908 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

172,206


Finances & Disclosures

Finances

Price:

$1,999,000

Price per Sq. Ft:

$338 per Sq. Ft.

MLS Logo
The information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Keller Williams Realty Smart is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Realty Smart, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

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