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About This Home

This 15-bedroom, 0-bathroom residential multi family at 701 KEEN ROAD in Frostproof, FL is listed for $1,424,999 ($241 per sqft). Built in 1971, the home offers 5,908 sqft of living space on a 3.95 acres lot.

Agent 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 2

bd/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 chic

ken 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.

Key Features

  • Built in 1971
  • 3.95 acre lot
  • Private pool

Property Details

1971

Amenities

Pool

Monthly Cost Estimate

$7,621/mo

20% down · 6.5% · 30 years

Principal$1,031
Interest$6,175
Insurance$416

Estimates only. Actual payments may vary.

Location

701 KEEN ROAD

Frostproof, FL 33843

CROOKED LAKE

Features & Amenities

Interior Features

Accessibility FeaturesCeiling Fans(s)

Exterior Features

OutbuildingsPrivate MailboxPool

Property Details

Construction

StuccoVinyl Siding

Parking

Carport

Heating

Central

Cooling

Central Air

Questions & Answers

This 15-bedroom, 0-bathroom residential multi family at 701 KEEN ROAD is listed at $1,424,999 ($241/sqft). The estimated monthly payment is $6,175 based on 20% down at 6.5% interest.

Key features include: Built in 1971, 3.95 acre lot, Private pool. Interior Features: Accessibility Features, Ceiling Fans(s). Exterior Features: Outbuildings, Private Mailbox, Pool.

This property is listed by Mindy Russo and can be reached at 8638121294 or mmchesnick07@gmail.com.

MR

Mindy Russo

Agent at KELLER WILLIAMS REALTY SMART

(863) 812-1294

Listed by KELLER WILLIAMS REALTY SMART · View on Broker Site

MLS# L4955855· Source: listhub· Updated 259 days ago

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

701 KEEN ROAD, Frostproof, FL 33843

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