Forest Wood Estate
Homes for Sale in Clearwater, FL
All 1,265 homes for sale in Clearwater, FL · median $315,000 · 70 homes for sale in 33759 · Pinellas County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 11 closed sales in Forest Wood Estate 1St Add in Clearwater, FL since 2015, the most recent in May 2026. Across Clearwater as a whole, 1,358 homes closed in the last 12 months at a median of $312,500, 50 median days on market, with 1,107 homes for sale today. At that median and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $6,060 ($5,250 with the full homestead exemption).
Forest Wood Estate 1st Add is a small pocket within Clearwater, and the data we have on it is thin by design: the closings window here is a single sale as of mid-July 2026. That means there is no reliable median, no meaningful price trend, and no volume story to tell. Anyone quoting you a firm number on this community specifically is guessing.
For a buyer, that lack of comparable activity is the whole read: pricing will lean heavily on the individual home's condition, lot, and how it stacks up against the broader Clearwater and Pinellas market rather than on neighborhood-level sales. For a seller, expect the appraisal and negotiation to reach outside the subdivision for support. Patience and a wider comp set matter more here than any headline stat.
Figures in this note are as of July 14, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Forest Wood EstateHomes for Sale in Clearwater, FL 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 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.
Who Forest Wood Estate is best for.
Best for
- Buyers planning a long hold who value stability over quick resale liquidity
- Buyers willing to do extra diligence on condition and comps in exchange for a quieter pocket
- Buyers who want a Clearwater location and don't need a busy sales market to reassure them
Probably not for
- Buyers who rely on active neighborhood comps to justify an offer
- Buyers who want a short-term flip or fast resale exit
- Buyers uncomfortable when the appraisal has to reach outside the subdivision for support
The market around Forest Wood Estate
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), 140 homes closed in the last 12 months at a median of $300K ($243/sq ft), down 3.0% year over year, with a median 63 days on market. Right now 30 active and 14 pending listings put supply at about 4.6 months — a buyer's 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 Forest Wood Estate buying strategy.
If we were buying in Forest Wood Estate 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 Wood Estate.
A thin-data pocket in Clearwater
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.
The location and the amenities are priced into every listing in Forest Wood Estate. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Forest Wood Estate 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 Wood Estate 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 Wood Estate sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Wood Estate, 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 Wood Estate home worth?
Get a no-obligation home value based on real comparable sales in Forest Wood Estate, 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 Wood Estate?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 19, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2015 (11 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 Stellar 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.
Recent Developments in Forest Wood Estate 1st Add
Development, infrastructure, retail, and school activity affecting Forest Wood Estate 1st Add, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
ClearView apartments complete at $1 billion Echelon City Center in St. Petersburg
The 363-unit ClearView community, with ground-floor retail, is complete within the Echelon City Center development by Third Lake Partners and Echelon. A 3rd & 3rd residential high-rise with ground-floor retail is expected to open in the first quarter of 2027.
What it may mean for the marketNew downtown apartments and walkable retail add rental inventory and amenities in central St. Petersburg. The project is about 14 miles south of Forest Wood Estate 1st Add, elsewhere in Pinellas County.
Source: Tampa Bay Business and Wealth - August 2026Development
AECOM Hunt selected as construction manager for proposed $2.3 billion Rays ballpark in Tampa
AECOM Hunt joined the design team led by Populous for the proposed ballpark on a site that includes Hillsborough College property. The stadium would have at least 28,000 fixed seats, with a construction start targeted for September 2026 and completion by late 2028. Tampa's public contribution is up to $80 million and financing is not finalized.
What it may mean for the marketA large ballpark and surrounding mixed-use district would add construction jobs, event traffic and retail demand on the Dale Mabry corridor. The site is about 9 miles east of Forest Wood Estate 1st Add.
Source: Tampa Bay Business and Wealth - August 2026Infrastructure
Four firms vie to build Tampa International Airport's $150 million control tower
TPA narrowed the field to four builders for a new blast-resistant air traffic control tower on about 2 acres northwest of the main terminal. The budget is about $150 million, with board selection expected Oct. 1 and substantial completion targeted for March 2029.
What it may mean for the marketAirport capital spending supports construction employment and long-term air service capacity for the region. The site is about 7 miles east of Forest Wood Estate 1st Add.
Source: Tampa Bay Business and Wealth - July 2026Infrastructure
St. Pete approves temporary downtown dock for Tampa Bay ferry
The St. Petersburg City Council approved a temporary ferry dock on Bayshore Boulevard near the Vinoy in downtown St. Petersburg under a three-year contract costing about 324,200 dollars. Hubbard's Marina will operate cross bay service between downtown St. Petersburg and the Tampa Convention Center, with two vessels running year round. Service is expected to begin in October or November.
What it may mean for the marketEstablishes a temporary downtown dock and cross bay ferry connection, adding a new transit option and waterfront infrastructure serving the downtown St. Petersburg market. The project is about 14 miles south of Forest Wood Estate 1st Add, elsewhere in Pinellas County.
Source: FOX 13 Tampa Bay - July 2026Development
St. Pete advances housing plan for nine vacant city lots
The St. Petersburg City Council unanimously approved a first reading of an ordinance to place a measure on the November 3 ballot that would remove nine vacant city lots in Methodist Town from the city's Charter Park and Waterfront Map. The change would allow up to 41 units of affordable or workforce housing, with four lots planned for single family homes and five larger parcels for multifamily housing. The lots have held park designations since 1984 but have remained vacant.
What it may mean for the marketAdvances a plan to convert nine vacant city lots into new single family and multifamily housing, adding to local housing inventory. Placing the parcels on the ballot could open long dormant land for residential construction. The project is about 14 miles south of Forest Wood Estate 1st Add, elsewhere in Pinellas County.
Source: St Pete Catalyst - July 2026Development
Blake-Related team selected to redevelop 86-acre Historic Gas Plant District
St. Petersburg selected a bid led by Blake Investment Partners, with the Related Group as co-developer, to redevelop the 86-acre Historic Gas Plant District at the Tropicana Field site. The roughly 8.1 billion dollar mixed use plan calls for more than 3,600 income-restricted residential units, a 13-acre central park, and office, retail, hotel and civic space over an estimated 20-year buildout. The developers plan to purchase about 58 acres while the city retains roughly one third.
What it may mean for the marketAdds a large mixed use district with thousands of new residential units, a central park, and office, retail, hotel and civic space to the downtown St. Petersburg market. Redevelopment of the Tropicana Field site reshapes the surrounding property landscape and expands housing supply. The project is about 15 miles south of Forest Wood Estate 1st Add, elsewhere in Pinellas County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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Common questions about Forest Wood Estate
Where is Forest Wood Estate?
Forest Wood Estate is a community in Clearwater, Pinellas County, Florida, ZIP 33759.
Are there homes for sale in Forest Wood Estate right now?
No active listings inside Forest Wood Estate at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Forest Wood Estate have an HOA or CDD?
No HOA is on record for Forest Wood Estate in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
| Location | Clearwater, Pinellas County, FL · ZIP 33759 |
|---|---|
| Homes in the community | 19 (FL DOR 2025 assessment roll) |
| Years built | 1973–2007 (median 1974) |
| Typical living area | 2,304 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 68% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2015 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Forest Wood Estate key facts,” movewithmomentum.com/neighborhoods/forest-wood-estate-1st-add, data as of September 20, 2026.
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Nearby Communities
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Forest Wood Estate 1St Add Market Scorecard
Forest Wood Estate 1St Add is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 33759 ZIP is $348,675, about 9.4% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.