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$1,424,999
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Property 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 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.
Full Property Details
Full Property Details for 701 Keen Rd
General
- Price: $1,424,999
- Taxes: $11,328 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: L4955855
- Updated: 3/17/2026
- Added to Site: 251 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Interior Features: Accessibility Features, Ceiling Fan(s)
Rooms
Bathrooms
- Total Bathrooms: 13
Bedrooms
- Total Bedrooms: 15
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Salt Water, Screen Enclosure
Exterior
- Exterior Features: Outbuilding, Private Mailbox
Parking
- Carports: Yes
- Carport: 2
- Carport Spaces: 2
- Covered Spaces: 2
Location
- Area: 33843 - Frostproof
- County: Polk
- Development Name: 33843 - Frostproof
- Subdivision: CROOKED LAKE
- Driving Directions: From US Highway 27 S to left onto 630A to left onto Keen Rd. Home is located on the left.
Community
- Community Name: 33843 - Frostproof
- Community Features: Pool
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water District: LITTLE CROOKED LAKE
- Water: Well
- Utility Description: Electricity Connected, Emergency Power
Structural Information
- # Buildings: 6
- Exterior Const.: Stucco, Vinyl Siding
- Roof: Metal
- Square Feet: 5,908
- Sq. Ft. Source: Public Records
- Year Built: 1971
Additional Structures
- Other Structures: Shed(s), Storage
Lot Features
- Property View: Water
- Lot Size (Acres): 3.95
- Lot Size (Sq. Ft.): 172,206
- Lot Size: 3.9533
- Street/Road Desc.: Asphalt
Water Features
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Lake
- Water Front Name: LITTLE CROOKED LAKE
Financial Considerations
- Tax Amount: $11,328.93
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BEG NW COR OF SEC RN S 01 DEG 22 MIN 56 SEC E ALONG W SEC LINE 426 FT E 1233.13 FT TO POB RUN N 377.17 FT S 76 DEG 48 MIN 26 SEC E 556.59 FT S 253.23 FT W 545 FT TO POB
- Flood Zone Info: X
- APN: 273125000000031020
- Property ID: 273125000000031020
Listed by Keller Williams Realty Smart
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Schools
Schools serving 701 Keen Rd
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Ben Hill Griffin Jr Elementary School 501 McLeod Road, Frostproof, FL 33843 | PK-5 | 2.4 mi |
Frostproof Middle/Senior High School 1000 North Palm Avenue, Frostproof, FL 33843 | 6-8 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 Keen Rd
Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$1,424,999
-5%
MLS
1/10/2026
Price Reduced
$1,499,999
-11.76%
MLS
11/11/2025
Price Reduced
$1,699,999
-5.56%
MLS
10/17/2025
Price Reduced
$1,799,999
-9.96%
MLS
9/15/2025
Listed
$1,999,000
487.94%
MLS
6/30/2004
Sold
$340,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 701 Keen Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,591
-1%
$549,985
-1%
2024
$6,631
3%
$555,401
-1%
2023
$6,408
704%
$559,363
27%
2021
$797
-86%
$440,272
-13%
2022
$5,899
640%
$507,925
28%
2021
$797
-89%
$398,215
15%
2017
$7,044
—
$345,343
-5%
2017
$7,044
6%
$364,178
4%
2016
$6,670
16%
$350,874
31%
2015
$5,754
-25%
$266,911
-28%
2019
$7,716
43%
$372,636
47%
2014
$5,383
2%
$252,658
5%
2013
$5,270
—
$239,636
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701 Keen Rd
701 Keen Road, Frostproof, FL 33843 (MLS# L4955855) is a Single Family property with 15 bedrooms and 0 full bathrooms. 701 Keen Road is currently listed for $1,424,999 and was received on September 15, 2025. Want to learn more about 701 Keen Road? Do you have questions about finding other Single Family real estate for sale in Frostproof? You can browse all Frostproof real estate or contact a Coldwell Banker agent to request more information.

