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 small condo community in central Sarasota, the kind of place that appeals to buyers who want turnkey living without the upkeep of a single-family home. It sits within easy reach of the coast and the city core, so a day at Lido Key or dinner in the Rosemary District is a short drive away, and the walkable, arts-minded Indian Beach / Sapphire Shores neighborhood is nearby too.
Right now the market here is tight and affordable by Sarasota standards. There's just one active listing at $165,000, and over the past year three homes sold at a median of $215,000, with sellers collecting about 94% of asking. If you're browsing broader Sarasota homes for sale, this pocket is worth a look for a lower entry price — just be ready to move when the right unit lists.
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 good fit if you want a low-maintenance, affordable base in central Sarasota with quick access to the coast and downtown. The community is assigned to Wilkinson Elementary, Brookside Middle, and Sarasota High School, and it sits close to attractions like Lido Key. It suits first-time buyers, downsizers, and seasonal owners best.
Is it expensive to buy here?+
No — by Sarasota standards this is an affordable neighborhood. The median list price is $165,000 and homes sold over the past year at a median of $215,000, which is well below much of the wider Sarasota market.
What do homes cost in Terraces Of Forest Lakes?+
The current active listing is priced at $165,000, and pricing runs around $171 per square foot on a typical home of about 966 square feet. Actual sold prices over the last 12 months came in higher, at a $215,000 median, so pricing depends heavily on the specific unit and its condition.
How is the market right now?+
It's tight and quick-moving, with only one active listing and three sales in the past year. Homes have been going under contract in about 25 days, and sellers are collecting roughly 94% of their asking price on average.
What are the HOA fees and property taxes?+
The median HOA fee here is $569 per month, which is typical for a condo community and generally covers exterior and common-area maintenance. Property taxes run around $1,328 per year at the median, keeping overall carrying costs modest.
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.