The Lake Forest Keys neighborhood seems to be doing better than many others, with only one distressed property currently on the market and one short sale currently in escrow. The 14 homes that are currently active in the MLS range from $599K to $1.695 Million. Three of the active homes now are “point homes” (located at the end of the street with lake front on 2 sides of the property.) The point homes are currently priced at $1.395M (last sold 9/2006 for $1.5M), $1.6M (originally listed for $2.2M in 3/2007) and $1.695 (last sold for $1.395 in 6/2006).
There are 4 homes currently in escrow ranging in list price from $799K to $965K. Two properties have been taken off the market since the first of the year, one has been relisted with a different agent, and the other one seems to have given up for now.