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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.
| DAYS ON MARKET | 82 | LAST UPDATED | 11/11/2025 |
|---|---|---|---|
| TRACT | CROOKED LAKE | YEAR BUILT | 1971 |
| COMMUNITY | 33843 - Frostproof | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Oct 17, '25 | $1,999,000 |
|---|---|
| Oct 17, '25 - Nov 11, '25 | $1,799,999 |
| Nov 11, '25 - Today | $1,699,999 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33843 - Frostproof |
| CONSTRUCTION | Stucco, Vinyl Siding |
| HEAT | Central |
| LOT | 3.95 acre(s) |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Salt Water, Screen Enclosure, Private |
| SEWER | Septic Tank |
| SUBDIVISION | CROOKED LAKE |
| TAXES | 11328.93 |
| UTILITIES | Electricity Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Water |
| WATER | Private, Well |
| WATER ACCESS | LITTLE CROOKED LAKE |
| WATERFRONT DESCRIPTION | Lake Privileges |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mindy Russo, KELLER WILLIAMS REALTY SMART, 863-577-1234
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/5/25 8:36 PM PST.
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