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Heather Wise

heather.wise@lptrealty.com +1(813) 610-9323

$ 1,424,999

Est. payment | -/mo

15 Beds

13 Baths

5,908 SqFt

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$ 1,424,999

Est. payment | -/mo

Save Virtual Tour

15 Beds

13 Baths

5,908 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,908 sqft

Price per Sqft $241

Subdivision Crooked Lake

MLS Listing ID L4955855

Bedrooms 15

HOA Y/N No

Year Built 1971

Annual Tax Amount $11,328

Lot Size 3.950 Acres

Acres 3.95

Property Sub-Type Multi-Family 5+

Source Stellar MLS

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.

Location

State FL

County Polk

Community Crooked Lake

Area 33843 - Frostproof

Zoning XX

Interior

Interior Features Accessibility Features, Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside, Laundry Room

Exterior

Exterior Feature Outbuildings, Private Mailbox

Pool In Ground, Salt Water, Screen Enclosure

Community Features Pool

Utilities Available Electricity Connected, Emergency Power

View Y/N Yes

Water Access Yes

Water Access Desc Lake

View Water

Roof Type Metal

Garage false

Private Pool Yes

Building

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Septic Tank

Water Well

Structure Type Stucco,Vinyl Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4955855

Listed by Mindy Russo KELLER WILLIAMS REALTY SMART

NEARBY SCHOOLS & PROPERTIES

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 610-9323

heather.wise@lptrealty.com

701 KEEN RD Frostproof, FL 33843

Heather Wise

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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701 KEEN RD