701 Keen Rd, photo 1
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Overview

15 bd13 ba5,908 sqftMulti-family 5+
TypeMulti-family 5+
HOANone listed
Built1971
Lot172,206 sqft
Living area5,908 sqft
Price / sqft$241

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About this home

Accessibility FeaturesCeiling Fans(s)OutbuildingsPrivate MailboxPool

701 Keen Rd is a 1971-built home in Crooked Lake, Frostproof. Inside you'll find 15 bedrooms, 13 bathrooms, and 5,908 square feet of living space. Listed at $1,424,999 (about $241/sqft), 359 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1971
Price / sqft
$241
On market
389 days
Annual tax
$11,329
Flood zone
X · Low risk
Lot
172,206 sqft
Type
Multi-family 5+

At a glance

Multi-family
Built 1971
Water views
Water
Private pool
In Ground
3.95 acres
Lot size
5,908 sqft
Living area

Payment

Est. monthly payment
$9,089/mo
Down payment (20%)
$285,000
Property taxes
$944/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Multi-Family 5+
Year Built
1971
Lot
172,206 sqft
Cooling
Central Air
Heating
Central
Parking
-
Pool
In Ground, Salt Water, Screen Enclosure
Days on Market
389
Accessibility Features
Ceiling Fans(s)
Outbuildings
Private Mailbox
Pool
Flood Zone X
Annual Tax (2024)
$11,329
Parcel #
27-31-25-000000-031020

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Crooked Lake
County
Polk
MLS Area
33843 - Frostproof
Lot Size
172,206 sqft

Price history

Date
Event
Price
3/17/2026
Price change
Source: Stellar MLS #L4955855
$1,424,999-5.0%
$241/sqft
-
Price change
Source: Stellar MLS #L4955855
$1,499,999-25.0%
$254/sqft
9/15/2025
Listed for sale
Source: Stellar MLS #L4955855
$1,999,000
$338/sqft

Neighborhood

701 Keen Rd
Frostproof, FL, 33843 · 33843 - Frostproof

Market insights

Offer Insights

Choose an offer strength

List price: $1,424,999
$1.40M – $1.42M
98% – 100% of listTops out right at the list price
80% of listList price
32 of the last 63 home closings in 33843 landed at this number or higher (51%). The median one sat 41 days before it went under contract, and this one is on day 389 after a $574,001 cut.

Sample: 63 closed home sales in 33843 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$9,089/mo
Principal & interest$7,432
Property taxes$944
Insurance$712
Down payment20% · $285,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$1,424,999

$241 per sq ft

Beds and baths

15 beds, 13 baths

Size

5,908 sq ft

Time on market

389 days

Year built

1971

Monthly payment

About $9,089/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $11,329 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byKELLER WILLIAMS REALTY SMARTListing agent: Mindy RussoListing data from Stellar MLS, MLS# L4955855.

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