Forest Wood Estates
Homes for Sale in Clearwater, FL

This is a mature, owner-heavy enclave of larger single-family homes from the 1970s, where turnover is thin and the biggest variable between one sale and the next is how much updating a home has seen.

Stellar MLS sales records identify 39 homes in Forest Wood Estates that have changed hands since 2004, built between 1972 and 1982 (median 1973), with a median living area of about 1,911 sq ft and a typical 3-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.

County records show 4 qualified sales in Forest Wood Estates across 2024–2025 (3 in 2024, 1 in 2025), median $595,000 — 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.

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

In ZIP 33759, 88 homes are on the market and 27% are under contract — a steady corner of Clearwater.

Across Pinellas County, 6,539 homes are active and 1,627 pending (20% under contract).

In ZIP 33759 (Clearwater), 51 homes closed in the last 12 months at a median of $255K ($214/sq ft), up 22.7% year over year, with a median 50 days on market. Right now 18 active and 4 pending listings put supply at about 4.2 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 Estates specifically. Momentum Research analysis of MLS records.

With every home in this community roughly the same age — mid-1970s construction — the differentiator is not vintage but upkeep and renovation. Roofs, systems, kitchens, and baths on a home built around 1973 are the pivot points on value here. Buyers should budget for diligence: inspect for the deferred-maintenance items typical of homes of this era and read the median as a midpoint across homes in very different states of repair.

The generous median living area — north of 2,100 square feet — gives these homes real footprint to work with, which rewards renovation capital. An updated home in this range can separate itself sharply from an original one. That same dynamic cuts against sellers who list as-is: with so few homes trading, comparables are scarce, and an unrenovated home is measured against whatever recently sold, updated or not.

In a low-turnover community with thin comparable data, pricing is judgment, not autopilot. We read each home on its actual condition against the handful of relevant sales, help buyers weigh renovation cost against the median, and position seller listings so updated work is visible and defensible. That local, comparable-by-comparable discipline is where the difference shows up in a market this small.