Forest Lakes
Homes for Sale in Santa Rosa Beach, FL
All 760 homes for sale in Santa Rosa Beach, FL · median $1,118,000 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Forest Lakes Ph Ii is a community in Santa Rosa Beach, Walton County, FL. Across Santa Rosa Beach as a whole, 157 homes closed in the last 12 months at a median of $837,250, 72 median days on market, with 783 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $8,170 ($7,780 with the full homestead exemption).
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.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
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.
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.
Across Walton County, 2,879 homes are active and 587 pending (17% under contract).
ZIP and county figures describe the wider market, not Forest Lakes specifically. Momentum Research analysis of MLS records.
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.
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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Should you buy in Forest Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
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.
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See how FOREST LAKES PH II fits the bigger picture — live prices, inventory, and Momentum Scores: