Forest Lakes
Homes for Sale in Santa Rosa Beach, FL
All 848 homes for sale in Santa Rosa Beach, FL · median $1,135,000 · 878 homes for sale in 32459 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 10 closed sales in Forest Lakes Ph Ii in Santa Rosa Beach, FL since 2013, the most recent in March 2026. Across Santa Rosa Beach as a whole, 545 homes closed in the last 12 months at a median of $975,000, 84 median days on market, with 302 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $9,510 ($9,130 with the full homestead exemption).
| Location | Santa Rosa Beach, Walton County, FL · ZIP 32459 |
|---|---|
| Homes in the community | 57 (FL DOR 2025 assessment roll) |
| Years built | 2006–2024 (median 2015) |
| Typical living area | 2,726 sq ft (median) |
| Owner-occupied (homestead) share | 44% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “FOREST LAKES PH II key facts,” movewithmomentum.com/neighborhoods/forest-lakes-ph-ii, data as of September 20, 2026.
Forest Lakes Ph II is a newer-construction pocket in Santa Rosa Beach, with 67 homes built between 2006 and 2024 and a median build year of 2015. The median living area sits at roughly 2,760 square feet, so what sets pricing here is size and condition more than any single spec. With no community amenities identified from current MLS listings, you are paying for the house and the location, not for shared facilities.
With homestead status on about 43% of homes, this is a mixed-use pocket where roughly a majority are held as second homes or rentals. That matters on both sides of a deal: sellers should expect buyers to scrutinize finish and condition closely, and buyers should underwrite carrying costs without assuming a homestead tax posture. Price spread here tends to track condition and square footage, so comparables need to be read carefully rather than averaged.
Nearby homes for sale
No active listings inside FOREST LAKES PH II right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Forest Lakes Ph II is a compact, relatively new subdivision inland of the Walton County beaches, where the housing stock is substantial in size and the value story is driven by the individual home rather than by amenities.
Emerald Coast MLS sales records identify 53 homes in FOREST LAKES that have changed hands since 2013, built between 2007 and 2024 (median 2015), with a median living area of about 2,365 sq ft and a typical 4-bedroom, 3.5-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 4 qualified sales in FOREST LAKES across 2024–2025 (3 in 2024, 1 in 2025), median $1.40M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Forest Lakes is best for.
Best for
- Buyers wanting a larger, newer home and willing to price on condition
- Second-home or rental buyers underwriting carrying costs without a homestead assumption
- Buyers who value location over shared facilities
Probably not for
- Buyers who want pools, clubhouses, or other community amenities
- Buyers seeking a starter-size footprint
- Buyers unwilling to inspect closely and vet condition home by home
The market around Forest Lakes
Forest Lakes is too small for its own price trend, so here is the market around it.
In ZIP 32459, 1,067 homes are on the market and 18% are under contract — a slower corner of Santa Rosa Beach.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
In ZIP 32459 (Santa Rosa Beach), 967 homes closed in the last 12 months at a median of $960K, up 2.0% year over year, with a median 82 days on market. Right now 496 active and 94 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 32459 housing market and the Walton County market.
ZIP and county figures describe the wider market, not Forest Lakes specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in FOREST LAKES PH II, Santa Rosa Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The Forest Lakes buying strategy.
If we were buying in Forest Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Forest Lakes.
A condition-driven resale market
With a build range spanning 2006 to 2024, you will find homes across nearly two decades of construction standards in a single subdivision. That means two houses of similar size can price very differently depending on updates, wear, and how they have been used. The median living area near 2,760 square feet points to a market of full-size homes rather than starter footprints.
The near-even split between homestead and non-homestead ownership shapes turnover and pricing. A meaningful share of these homes function as second residences or rentals, which can keep inventory more active than a fully owner-occupied street. For buyers, that argues for careful inspection and a close read of recent closings; for sellers, presentation and documented condition do a lot of the pricing work.
The location and the amenities are priced into every listing in Forest Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small subdivision with wide build years and a mixed ownership profile, comparable selection is everything. We read Forest Lakes Ph II closing by closing, weigh condition against square footage, and tell you plainly where a specific home lands relative to the median rather than leaning on a headline number.
Forest Lakes in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Forest Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Forest Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Lakes home worth?
Get a no-obligation home value based on real comparable sales in Forest Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Forest Lakes?
What share of Forest Lakes is owner-occupied?
When were the homes in Forest Lakes built?
Who is the best real estate agent for Forest Lakes?
How do I find a top Santa Rosa Beach real estate agent who knows Forest Lakes?
Can Momentum Realty connect me with an agent for Forest Lakes?
Where is Forest Lakes, and what county is it in?
Should you buy in Forest Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32459)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (10 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how FOREST LAKES PH II fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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