Forest Wood Estate
Homes for Sale in Clearwater, FL

Forest Wood Estate 1st Add is a small Clearwater subdivision in Pinellas County with very little recent closing activity, so it trades more on the merits of the individual home than on any community-wide pricing pattern.

Stellar MLS sales records identify 11 homes in Forest Wood Estate that have changed hands since 2006, built between 1973 and 2006 (median 1974), with a median living area of about 2,069 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

Forest Wood Estate is too small for its own price trend, so here is the market around it.

In ZIP 33759, 87 homes are on the market and 28% are under contract — a steady corner of Clearwater.

Across Pinellas County, 6,628 homes are active and 1,729 pending (21% under contract).

In ZIP 33759 (Clearwater), 142 homes closed in the last 12 months at a median of $300K ($243/sq ft), down 1.8% year over year, with a median 60 days on market. Right now 29 active and 16 pending listings put supply at about 4.3 months — a balanced market. See the live ZIP 33759 housing market and the Pinellas County market.

ZIP and county figures describe the wider market, not Forest Wood Estate specifically. Momentum Research analysis of MLS records.

The defining feature of this community, from a market standpoint, is scarcity of transactions. With only a single closing in the window we track, there is no basis to describe a price range, an entry point, or a ceiling — and we will not invent one. What we can say is that value here is condition-driven and comp-dependent, pulling from the surrounding Clearwater and Pinellas market rather than from within the subdivision itself.

That cuts both ways. Low turnover can mean homes are held rather than flipped, which is a positive for a buyer who wants to settle in. It also means less price transparency, so both sides should budget for more diligence: a careful walkthrough, a defensible comp analysis, and a realistic appraisal strategy. Location within Pinellas keeps it connected to the broader Clearwater area's amenities, but the neighborhood-specific numbers simply are not there to lean on.

In a community with almost no recent sales, the work is in building the comp set the data doesn't hand you. We pull from the wider Clearwater and Pinellas market, weigh condition and lot honestly, and tell you when the number on the table isn't supported. That is more useful here than a confident-sounding estimate we'd have to make up.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.