Neighborhood · Sarasota, Florida
Terraces Of Forest Lakes
Low-maintenance condo living close to central Sarasota
1
Homes for sale
$165,000
Median list price
$171
Avg price / sqft
43
Median days on market
Terraces of Forest Lakes is a compact condo community in central Sarasota, built for people who want a manageable footprint and an easy drive to the coast. Homes here run small and efficient — the median is right around 966 square feet — which makes the neighborhood a natural fit for downsizers, first-time buyers, and anyone who'd rather spend weekends on Lido Key than mowing a lawn. Nearby you'll find the walkable energy of the Rosemary District and the established feel of Arlington Park, both within easy reach.
For a buyer today, the market here is thin and steady rather than frantic. There's just one active listing at $165,000, and the three homes sold over the past year closed at a median of $215,000, with sellers collecting about 94% of asking. If you like the broader area, it's worth watching this pocket alongside other central Sarasota homes for sale — inventory is limited, so the right unit doesn't come up often.
Terraces Of Forest Lakes is a community in Sarasota, Florida.
Quick facts
$165,000 – $165K price range
966 sqft median home
$569/mo median HOA
3 sold in 12 months
Drive times
On the market now
Homes for sale in Terraces Of Forest Lakes
Every active listing inside the Terraces Of Forest Lakes boundary
Open full map search →Find your fit
Browse Terraces Of Forest Lakes
By feature — on the live map
The numbers that matter
The Terraces Of Forest Lakes market
3
Sold, last 12 months
$215,000
Median sold price
94%
Sale-to-list ratio
What sellers actually get vs asking
112 days
Median time to sell
Terraces Of Forest Lakes vs Sarasota
Median list price
Price per sqft
Days on market
Live Stellar MLS data — every listing and closed sale inside the Terraces Of Forest Lakes boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Terraces Of Forest Lakes is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Terraces Of Forest Lakes home
≈ $1,759/mo
$165,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$569/mo
Median HOA
From current listings inside the boundary
Population
885
Median age
58
Median income
$80,448
Median home value
$322,000
Beyond the listings
Living in Terraces Of Forest Lakes
Appearance oriented
Top 4% in the U.S.All About Hair
Passionate about all things hair, this population is talking about hair tutorials or the hottest celebrity blowout.
Appearance oriented
Top 5% in the U.S.Body Art
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Beliefs
Top 7% in the U.S.Local Engagement
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Active
Top 9% in the U.S.Fitness Obsession
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Attitudes
Top 15% in the U.S.Volunteering & Giving
Expressing a desire to give back and do good for the community, this behavior emphasizes charity. Common activities include volunteering, fundraisers, and donations.
Relationships
Top 16% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Straight answers
Terraces Of Forest Lakes FAQs
Is Terraces of Forest Lakes a good place to live?+
It's a solid fit if you want a low-maintenance condo close to central Sarasota, with easy access to beaches like Lido Key and downtown. The small home sizes and HOA-covered upkeep suit downsizers and first-time buyers more than families needing space. Assigned schools include Wilkinson Elementary, Brookside Middle, and Sarasota High.
Is it expensive to buy here?+
No — it's one of the more affordable pockets in the area, with the current active listing priced at $165,000 and last year's three sales closing at a median of $215,000. Average price per square foot runs about $171, which is competitive for central Sarasota condos.
What do homes cost in Terraces of Forest Lakes?+
Right now there's a single active listing at $165,000, and homes here average around $171 per square foot on a median size of roughly 966 square feet. Over the past year, sold prices landed at a median of $215,000.
How is the market here?+
It's a small, slow-moving market — just one active listing and three sales in the past 12 months. Homes take a median of 43 days to sell, and sellers are getting about 94% of their asking price, so there's modest room to negotiate.
What about HOA fees and property taxes?+
The median HOA fee is $569 per month, which covers the exterior maintenance that makes this condo lifestyle low-effort. Property taxes are light at a median of about $1,328 per year, keeping total monthly carrying costs reasonable.
Keep exploring
More Sarasota neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Terraces Of Forest Lakes homes, in your inbox
A daily digest of new Sarasota listings — straight from the MLS. Unsubscribe anytime.