Momentum Housing Data · Home Values · Sarasota County
Buying here? See Terraces of Forest Lakes homes for sale and the Terraces of Forest Lakes community guide (Sarasota), or all Forest Lakes homes for sale.
TERRACES OF FOREST LAKES (SARASOTA, FL): 3 recorded closings in the 12 months ending 2026-08-02, a 5-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 81.7% of original asking; the median sale took 112 days (window ending 2026-08-02).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $215,000 | $171 | 112 | 81.7% | 3 |
| 2023 | $278,600 | $253 | 22 | 95.5% | 4 |
| 2022 | $236,000 | $227 | 2 | 100.0% | 6 |
| 2017 | $107,200 | $93 | 75 | 90.1% | 5 |
| 2016 | $105,000 | $75 | 55 | 88.0% | 3 |
Over the recorded series, TERRACES OF FOREST LAKES’s median sold price moved from $105,000 (2016) to $215,000 (12 months ending 2026-08-02) — +105% over that span, with every year’s figure from recorded closings, not a model.
What actually trades here: 92% condominium, 8% villa, with a median of 1,171 sq ft and a median price per square foot of $171 in the current window.
At TERRACES OF FOREST LAKES’s $215,000 median and Sarasota County’s adopted 13.48 mills (FY2025-26), a home assessed at that price carries roughly $2,900 a year in property tax before exemptions, or about $2,370 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Sarasota County tax page.
Since 2007, 22 TERRACES OF FOREST LAKES listings were withdrawn, canceled, or expired without selling (3 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 39% of TERRACES OF FOREST LAKES listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 75%.
Cash bought 67% of recorded TERRACES OF FOREST LAKES sales in the window ending 2026-06 (2 of 3) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a TERRACES OF FOREST LAKES home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping TERRACES OF FOREST LAKES are also weighing (same ZIP), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| THE LAKES | $222,000 | $208 | 15 | 51 |
| Village Oaks | $262,500 | $188 | 181 | 12 |
| SUNILAND | $280,000 | $352 | 12 | 5 |
| SUNRIDGE | $148,500 | $104 | 61 | 6 |
| School | Level | FLDOE grade |
|---|---|---|
| Wilkinson Elementary (Sarasota County Schools) | Public | B (2025-26) |
| Brookside Middle (Sarasota County Schools) | Public | A (2025-26) |
| Sarasota High (Sarasota County Schools) | Public | A (2025-26) |
Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.
More TERRACES OF FOREST LAKES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Based on Stellar MLS data distributed by MLS GRID for the period 2009 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.