Location: Frostproof, 33843
Do Not Show Listings
701 KEEN RD, FROSTPROOF, FL 33843
$1,424,999 MLS ID: L4955855
Bed: 15 Bath: 0.0 Liv Area Sq Ft: 5908 Built: 1971Community: Crooked LakeMulti-Family 5+
Market Analysis: For SaleFor RentSoldRented
Nearby Properties: For SaleFor RentSoldRented
Taxes:
Elementary School: None
High School: None
Tax Year:
Middle School: None
Remarks: 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.
Listing is courtesy of: KELLER WILLIAMS REALTY SMART (863-577-1234)
Listing Agent: Mindy Russo (863-812-1294)
1173 S LAKE REEDY BLVD, FROSTPROOF, FL 33843
$595,000 MLS ID: K4903263
Bed: 3 Bath: 2.0 Liv Area Sq Ft: 1740 Built: 1928Community: AcreageSingle Family
Remarks: OLD FLORIDA 1928 CHARMER WITH 330± FEET ON LAKE REEDY! Built in 1928 and thoughtfully remodeled to preserve its historic character and charm, this beautifully updated 3-bedroom, 2-bath home offers 1,740 square feet of living space on 1.5 acres with approximately 330 feet of frontage on Lake Reedy. The home features an open living, dining, and kitchen area, highlighted by an original wood-burning fireplace, crown molding, and abundant natural light. The completely updated kitchen includes quartz countertops, a center island, and new appliances—perfect for entertaining while maintaining the home’s classic appeal.Recent upgrades provide peace of mind, including a new septic system (2021), all-new electrical wiring and plumbing (2022), a new HVAC system with heat pump, and new attic insulation (2023). Outside, the property boasts a 31x41 detached double garage with new electric doors, its own electric panel, and a separate septic system. The spacious garage offers endless possibilities—ideal for a mother-in-law suite, studio, workshop, or hobby space. A motor home hookup with 50-amp service, water, and septic is conveniently located beside the garage. Enjoy true lakefront living with a private 100-foot dock and a 12x20 landing complete with water and electric at the dock—perfect for fishing, boating, or simply enjoying views of Lake Reedy. A rare opportunity to own a piece of Old Florida charm with modern updates and exceptional lake frontage.
Listing is courtesy of: ESTELLE SULLIVAN REALTY, LLC (863-632-2062)
Listing Agent: Estelle Sullivan (863-632-2062)
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