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701 Keen Rd Frostproof, FL 33843

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For Sale
$1,499,999

Income-producing property with main residence, cottages, and apartment building.

Lot size:
3.95 Acres

Property Features for 701 Keen Rd

General Information

Property type
Investment
Standard status
Active
Lot size
3.95 Acres

Building Details

Year built
1971

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Listing Contact
John Carter
John Carter
Source: Elliman

Listing Agent: John Carter

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Unique Multi-Unit Income Property

This multi-unit income-producing property features a total of 8 units, currently rented on a month-to-month basis. Situated on nearly 4 acres, the property includes a 3-bedroom, 2-bathroom main residence built in 2015 with a metal roof, carport, and two open porches, which comes furnished including a washer and dryer. There are also four architecturally distinct A-frame 2-bedroom, 2-bathroom cottages, and a multi-unit apartment building containing two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. The 2-bedroom apartment has a bonus room with a loft and a private laundry room. The grounds are designed with privacy and community in mind, featuring a screened saltwater pool, garden pathways, shaded gathering areas, and parking. Amenities include an internet tower, a property-wide water softener system, a Generac generator for the apartment building, two large sheds, six smaller storage sheds, and a large chicken coop. There are also fruit trees, including mango, starfruit, cherry, lemon, lychee, pomegranate, and banana. All four A-frame cottages will have new metal roofs as of April 2025 and all new HVAC systems. There is also an RV 30 amp hook up. The property is zoned ARR and is located near a public boat ramp to Crooked Lake. Potential uses include short-term vacation rentals, wellness retreats, church camps, rehabilitation centers, RV expansion, corporate rentals, a live + earn model, or multi-generational living.
Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Restaurant Gym & Fitness Center Hotel & Motel Skin Care Clinic Garden Center Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Frostproof
County
Polk
State
Florida
Longitude
-81.5760567
Latitude
27.7619883

FAQs

What type of property is this?
Apartment building - Income-producing property with main residence, cottages, and apartment building.
Where is this apartment building located?
The property is located at 701 Keen Rd Frostproof, FL.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: - Multi-unit income property featuring 8 units, including a main residence, A-frame cottages, and an apartment building.; - Nearly 4 acres of land offering old Florida charm with garden pathways and shaded gathering areas.; - Enjoy the screened-in saltwater pool with new pump and resurfaced finish.
More about this property
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