Monday, December 30, 2024

Login / Signup

Forest Lakes Village

Forest Lakes Village Condos for Sale – Sarasota, Florida 34232

Forest Lakes Village is a 55+ community which is among the neighborhoods developed around The Forest Lakes Country Club set for reconstruction in early 2015 after being closed for over seven years. Developed in 1964, this Country Club and its 101-acre golf course occupy an expansive area east and west of Beneva Road, north of Bee Ridge Road, a locality sharing much in the revival of buying interest on Sarasota homes for sale.

Forest Lakes’ redevelopment is being pursued by national homebuilder DR Horton under an agreement with Grosvenor Square Capital LLC, the owner of the golf and country club. Notably, DR Horton is also reviving the moribund Sarasota Golf Club in Venice.

New links, clubhouse

The planned rebuilding of the Forest Lakes greens and fairways goes hand in hand with similar construction work on a clubhouse featuring a restaurant, pool, spa, cabanas, bar and pro shop. Significantly, a national organization for children with inclination toward golf – First Tee – is making Forest Lakes its home course.

These redevelopment efforts, coupled with a great location, provide Forest Lakes properties a strong position among Sarasota condos for sale. Already, a Canadian developer, Mattamy Homes, has announced plans to begin a new development – The Enclave at Forest Lakes – consisting of as much as 200 townhome/villa-style units priced from the $220s to $260s.

Competitively priced townhomes

Compared to these values, the price points at Forest Lakes Village are quite competitive. Built in the early 1970s, the residences in this community were developed as two-story townhouses designed in the Florida architectural style. Typically, the sales-listed units here are priced from under the $100s to the high $130s with a lot of outstanding features comparable with Sarasota condos for sale of more recent vintage.

Forest Lakes Village units are relatively spacious with floor areas ranging from 1,047 to 1,247 square feet designed with two bedrooms and two baths. Large walk-in closets in masters’ bedrooms, space-saving wall shelves, decks and porches, plus domed kitchen ceilings and tall pantry for storage are just a few individual features which could draw buying interest on available residences in this neighborhood.

As appealing to potential buyers of Sarasota condos for sale, the mature landscaping of large oaks and palms in this community truly do justice to its name. Forest Lakes Village, in addition, has its own clubhouse with a large heated pool, fitness room, sauna, large social room and game/computer room. The community was also developed with convenient covered parking with plenty of slots for guests.

Rental income opportunity

Ownership for 24 months is required before homeowners at Forest Lakes Village can rent out their properties. A six-month minimum rental is allowed after this two-year period.

Attracting renters in this community is enhanced by Forest Lakes Village’s proximity to various life and leisure hubs, a factor which likewise makes the townhouses in this neighborhood ideal as permanent main residence or as a vacation retreat. Life and leisure venues in downtown Sarasota and St. Armands Key, for instance, are just a short distance north of this property. Similarly, the pristine white beaches of Siesta Key are only some minutes’ southwest drive from Forest Lakes Village.