Santa Rosa Beach · Neighborhood Market Report
Forest Lakes
Every number a buyer, seller, or investor needs on one neighborhood: live inventory and closed-sale history - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated September 27, 2026 · Next statistics update early October 2026
How Forest Lakes is trading
9 homes closed in Forest Lakes in the trailing 12 months at a median of $1,490,000, with a 94.2% median list-to-sale ratio. On the active side, 1 of 3 listings sits below original list price, and standing inventory works out to 4.0 months of supply at the current sales pace.
The 2025 roll dates the Forest Lakes houses from 2006 through 2024 and still files other lots as vacant residential, so set a lot sale beside other Forest Lakes lot sales, and read that lot's row in the design code's Lot and Type Details table before weighing it. The table fixes what each lot may hold, from a Park or Tower House of up to three stories to the 30A House of one or two stories that every Phase IV lot carries. Among houses, match phase and type before build year or heated area, weighing a Phase IV 30A House against other 30A Houses, not against a three-story Park House in Phase I. Read each phase's plat as well: the Phase III plat fixes a retention area on every lot and requires elevated or piling-supported main houses.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through September 27, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2022 | $1.38M |
| 2023 | $1.43M |
| 2024 | $1.5M |
| 2025 | $1.4M |
| 2026 YTD | $1.51M |
| Period | Value |
|---|---|
| 2022 | $580 |
| 2023 | $557 |
| 2024 | $586 |
| 2025 | $621 |
| 2026 YTD | $621 |
| Period | Value |
|---|---|
| Sep 24 | 1 |
| Oct 24 | 2 |
| Nov 24 | 0 |
| Dec 24 | 0 |
| Jan 25 | 1 |
| Feb 25 | 0 |
| Mar 25 | 3 |
| Apr 25 | 0 |
| May 25 | 2 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 0 |
| Oct 25 | 0 |
| Nov 25 | 1 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 2 |
| Mar 26 | 2 |
| Apr 26 | 2 |
| May 26 | 0 |
| Jun 26 | 0 |
| Jul 26 | 2 |
| Aug 26 | 0 |
The monthly charts cover the 24 complete calendar months from September 2024 through August 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
From the active file
3 homes are on the market in Forest Lakes today:
$1,350,000
54 Nickajack S
Santa Rosa Beach, FL 32459
$1,259,000
170 Okeechobee
Santa Rosa Beach, FL 32459
$1,699,000
51 Okeechobee
Santa Rosa Beach, FL 32459
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
The investor file
| Typical acquisition (median, 12 mo) | $1,490,000 |
|---|---|
| Middle-half range (25th-75th pct, 17 sales / 24 mo) | $1,350,000 - $1,720,000 |
| Median price, 2022 to 2026 | +9.5% ($1,375,000 to $1,505,000) |
| Average sale price (12 mo) | $1,539,000 |
| Sales volume, trailing 12 months | $13,851,000 |
| Sale price range, trailing 12 months | $1,055,000 - $2,575,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 3 BR | 1 | 2 | Sample too small |
| 4 BR | 2 | 7 | $1,520,000 |
Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
Rental rules on the MLS today: 3 of 3 active listings disclose“Short Term Rental - Allowed”. Always verify current rules with the association or county before purchasing with rental income in mind.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
Why is there no list of individual sold homes?
9 homes closed in Forest Lakes in the trailing 12 months, from $1,055,000 to $2,575,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows area-level statistics only - ask us for the street-by-street sold review and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale “median” is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling in Forest Lakes?
We track this neighborhood's sales, inventory, and rules every month - get the full picture before you commit.
- MLS market data (ECAR) - updated September 27, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of September 27, 2026.
Sources
- Forest Lake Planned Unit Development conceptual plan (submitted June 18, 2003) with the June 2003 ecological assessment, copy posted on the Forest Lakes owners' site (accessed September 24, 2026)
- Declaration of Covenants, Conditions and Restrictions for Forest Lakes, Official Records Book 2623, Page 953, recorded July 27, 2004 (copy posted on the Forest Lakes owners' site) (accessed September 24, 2026)
- Forest Lakes Design Code, revised November 2025 (Design Review Board approved) (accessed September 24, 2026)
- Forest Lakes Summary of Community Rules, board approved November 4, 2024 (accessed September 24, 2026)
- Forest Lakes Phase III plat, Plat Book 16, Pages 62 and 62A, filed April 8, 2005 (copy posted on the Forest Lakes owners' site) (accessed September 24, 2026)
- Florida statewide parcel roll (2025 assessment year), query over the Forest Lakes lots (accessed September 24, 2026)