Forest by Mattamy Homes in Lake Worth: New Construction Under $650K in Palm Beach County
Forest is a 372-home community built on the former Forest Oaks Golf Club property at 7333 Lenora Lane in Lake Worth / Greenacres (33467). 94 single-family homes + 278 townhomes (including 11 Workforce Housing Units). Single-family from the high $500s, townhomes from the mid-$400s. New construction tier in PBC where luxury new construction routinely starts $1.5M+. The accessible entry to Palm Beach County new construction with builder warranty.
Forest is a new construction community by Mattamy Homes (the largest privately owned homebuilder in North America with 45+ years history, US head office in Orlando) in Lake Worth FL 33467 — on the site of the former Forest Oaks Golf Club, which Mattamy acquired in 2023. 372 homesites on the 79.3-acre former golf course property: 94 single-family homes (2,102-2,846 sq ft, 3-5 BR, up to 3 BA, 2-car garages) plus 278 townhomes (1,374-1,917 sq ft, 2-3 BR, 2.5 BA, 1-2 car garages, two-story) including 11 designated Workforce Housing Units. Six designer-decorated model homes opened at December 2024 launch. Single-family from the high $500s; townhomes from the mid-$400s (Q1-Q2 2026 verified: $449K-$541K townhomes per Homes.com; from $466,900 per pre-construction-homes.com). 36 acres preserved as open space within the redevelopment. Amenities: 3 pools with cabanas, 3 tot-lot playgrounds, 10 neighborhood parks, fenced dog park with fitness stations, walking paths. Located at Lake Worth Road and Lucerne Lakes Boulevard with easy access to I-95, Florida's Turnpike, and Lake Worth Beach.
Brian Wilder here. I've been helping families buy and sell homes in Palm Beach County since 1996 — over 1,500 transactions across PBC's full geographic range. Most of the new construction I work on is luxury tier ($1.5M+). Forest is meaningfully different. This is one of the very few accessible new construction options in Palm Beach County right now — townhomes starting in the mid-$400s and single-family from the high $500s. This guide covers what Forest actually is, why the location matters (golf course redevelopment story matters), and what buyers need to verify before going under contract.
Forest Snapshot
Forest is a master-community new construction development by Mattamy Homes on the site of the former Forest Oaks Golf Club in Lake Worth FL 33467. Mattamy acquired the property in 2023 and launched home sales in November 2024 with six designer-decorated model homes. The community is structured with 94 single-family homes (2,102-2,846 sq ft, 3-5 BR), 278 townhomes (1,374-1,917 sq ft, 2-3 BR) including 11 designated Workforce Housing Units, plus 36 acres of preserved open space within the original golf course footprint.
The Golf-Course-to-Housing Story
Forest's site has a specific history worth understanding before buying:
Forest Oaks Golf Club, established ~1972-1973, was a 50+ year-old course within the Lucerne Lakes master-planned community.
The original 1970s planned-unit development for Lucerne Lakes included a covenant requiring the golf course be maintained as recreation in perpetuity. When Mattamy proposed to redevelop the course into a residential community, that covenant became central to community opposition:
- 2018: Mattamy submitted initial site plan for 600 units
- 2021: Palm Beach County Zoning Commission voted to support replacement with residential development; 700+ signatures opposed the project, 200+ unique opposition emails, 100+ letters of support
- 2022-2023: Palm Beach County Commission approved Mattamy's proposal
- Late 2023: Mattamy acquired the 79.3-acre property for approximately $10 million from Grillo Golf Management (who had paid $759,000 for it in 2014)
- 2024: Mattamy scaled the project from 600 to 450 to ultimately 372 units and set aside 36 acres for open space
- November 2024: Home sales launched with six designer-decorated model homes
Why this matters for you:
- The community is built on land with a complicated legal history — verified resolved at county approval level
- Some existing Lucerne Lakes neighbors objected during the approval process; the immediate-area community dynamics may reflect that history
- The scaled-down density (372 vs potential 900 units) was a meaningful concession to neighbors
- 36 acres of open space is unusually generous for a project this scale
- This was an extensively-vetted development — not a stealth conversion
The Two Product Tiers
Forest offers two distinct products within the same master community at different price tiers:
2,102-2,846 sq ft. 3-5 bedrooms. Up to 3 bathrooms. 2-car garages. Two-story. Coastal + modern inspired architecture. Pricing from the high $500s per Mattamy's launch announcement. Target tier ~$580K-$700K+ depending on plan and lot.
1,374-1,917 sq ft. 2-3 bedrooms. 2.5 bathrooms. 1-2 car garages. Two-story. Two collections of townhomes with modern inspired exteriors. Pricing from the mid-$400s per Mattamy launch. Q1-Q2 2026 verified: $449K-$541K per Homes.com active listings; from $466,900 per pre-construction-homes.com.
11 townhomes within Forest are designated as Workforce Housing Units — part of Palm Beach County's workforce housing program creating accessible homeownership for essential workers (teachers, healthcare workers, first responders). These units have specific income eligibility requirements and pricing differentials. Verify eligibility with Mattamy and PBC workforce housing administrator.
Mattamy offers designer finishing packages within each collection. Less customization than luxury builders' Design Studios (Kolter "Built Around You," GL Homes), but meaningful flexibility within accessible price tier.
Mattamy's homes are ENERGY STAR rated. Energy efficiency standard, not upgrade. Lower utility costs and improved indoor air quality — important in Florida climate.
At December 2024 launch, Mattamy opened six designer-decorated model homes for tour. This is meaningful for buyers who want to see finished products before committing to build-to-suit.
Why "New Construction Under $650K in PBC" Matters
Accessible new construction is a small category in Palm Beach County.
The PBC new construction market is concentrated heavily in luxury tiers:
- Lotus Edge (West Boca) — GL Homes $1.68M-$3.2M+
- Artistry Palm Beach (PBG) — Kolter Homes $1.67M-$2.95M+
- Castellina (Wellington) — DiVosta, luxury resale now
- Wellington View (Wellington) — Toll Brothers luxury estate
- The Estates at Isles (Wellington) — luxury estate
- Symphony Place (West Palm Beach) — Mizner boutique luxury
- Regency at Avenir Palms Collection (PBG) — Toll Brothers 55+ $623K-$697K
For families, first-time homebuyers, downsizers, and relocations who want new construction with builder warranty + modern systems + ENERGY STAR efficiency without entering the $1M+ tier, Forest fills a meaningful gap in the PBC market.
The Amenities
Forest's amenity package is designed for families and outdoor-active residents:
Three separate pools throughout the community with cabanas for shade. Multiple pool locations reduce travel and crowding.
Three dedicated playgrounds throughout the community. Family-friendly amenity layering for households with young children.
Ten neighborhood parks distributed across the 79.3 acres. Substantial green space allocation — partial result of the 36 acres preserved as open space from the original golf course.
Dedicated dog park with fitness stations. Apt for families with pets and outdoor-fitness oriented residents.
Walking paths integrated throughout the community. Daily exercise built into community design.
36 acres preserved as open space within the redevelopment. This is unusually generous for a project of this scale — reflects the original Lucerne Lakes covenant agreement on recreational space preservation.
HOA structure for Forest presents discrepancy in public sources: Homes.com reports "no HOA fees" for the townhomes; Jome reports approximately $271.67/monthly HOA for the single-family homes. This suggests townhomes and single-family may have different HOA structures within Forest. This is a critical pre-offer verification — confirm exact monthly fee per product, what's specifically included (lawn maintenance, amenity access, security), reserve fund status, and any special assessments directly with Mattamy and HOA documentation during sales center visit. Don't rely solely on listing data.
About Mattamy Homes — Engine's First Mattamy Framework
Mattamy Homes is less widely known in PBC than builders like Lennar, Toll Brothers, DiVosta — but the credentials are substantive:
Mattamy is the largest privately owned homebuilder in North America. 45+ years history. Founded in 1978 by Peter Gilgan in Toronto, Canada.
Mattamy helps over 8,000 families per year achieve homeownership across U.S. and Canada. Significant scale.
U.S. head office in Orlando. U.S. markets: Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota, Naples, and Southeast Florida (Palm Beach County).
Canada's Best Managed Companies. Parade of Homes awards. ENERGY STAR awards. Reputation solid in builder community.
Mattamy completed its first GeoExchange net-zero energy community in 2022. Innovation in sustainable building.
Mattamy builds single-family homes, townhomes, condominiums, and mixed-use developments. Forest combines townhomes + single-family in one master community.
Forest is Mattamy's significant entry to PBC. The builder has broad track record to evaluate — but this is their first major presence in the PBC market. Standard new-construction due diligence applies: verify warranty, financials, HOA structure, construction timeline, system specs, builder reputation in similar markets.
Who Forest Works For
Forest serves specific buyer profiles in the PBC market:
- First-time homebuyers in PBC at the $400K-$650K tier seeking new construction
- Families establishing in PBC wanting new construction without entering luxury tier
- Empty-nesters downsizing preferring low-maintenance townhome configuration over older single-family
- Renters ready to purchase in PBC without $300K+ down payment available
- Snowbirds seeking accessible PBC entry-tier with new construction and modern systems
- Investors evaluating rental property at entry-tier tier with builder warranty
- Families with school-age kids in John I. Leonard High School area
- Essential workers (healthcare, education, first responders) potentially qualifying for the 11 Workforce Housing Units
- NY/NJ/Boston/Chicago relocations seeking entry-tier PBC alternative to luxury markets
- Buyers wanting builder warranty + ENERGY STAR efficiency at accessible tier
- Buyers comparing new vs. resale who value warranty + modern systems over older established neighborhoods
Less ideal fit for:
- Buyers seeking luxury new construction ($1M+ tier — evaluate Lotus Edge, Artistry, Castellina)
- Buyers wanting Wellington equestrian, Boca contemporary, or PBG luxury specifically
- Buyers seeking acreage or unusually large lots
- Buyers needing deep Design Studio customization (Kolter "Built Around You" type)
- Buyers preferring established communities with mature 30+ year landscaping
- Buyers wanting waterfront with direct ocean access
- Buyers preferring Mediterranean or traditional Florida architecture (Forest is coastal + modern)
- Buyers concerned about the Lucerne Lakes neighbor community dynamics post-redevelopment approval
What to Verify Before Going Under Contract
Critical pre-offer verification items for Forest specifically:
- Current available inventory — which floor plans remain, which lots, ready-to-move vs. build-to-suit timing
- Exact pricing per floor plan and lot — base + lot premium + finishing package upgrades
- HOA structure verification — critical given discrepancy in public sources (townhomes "no HOA fees" per Homes.com vs. single-family ~$271/mo per Jome). Verify per product directly with Mattamy
- HOA financials and reserve fund projection — community is new; reserves still building
- Workforce Housing Units eligibility — income requirements and restrictions specific to the 11 units
- HOA restrictions — rental policies, pet policies, exterior modifications, lease minimums, age verification (not 55+, all-ages)
- Builder warranty terms — Mattamy specific coverage, duration, exclusions, transferability
- ENERGY STAR certification details — specific ratings, utility cost projections
- Construction timeline — if buying pre-completion, expected delivery date and contingencies
- Florida 2026 insurance quotes with multiple carriers — new construction post-2002 code favorable
- Independent professional inspection — even on new construction
- Pre-closing walkthrough rights
- School zone verification by exact address with Palm Beach County School District
- Financing options + builder incentives — Mattamy preferred lender programs, rate buy-downs, closing credits
- Lucerne Lakes neighbor community context — what existing Lucerne Lakes residents expect re: shared roads, amenity access, traffic, etc.
- Property tax estimation — PBC entry-tier tax assessment
- Open space preservation language — confirm 36 acres preservation status in covenants
Location and Access
Forest is located at Lake Worth Road and Lucerne Lakes Boulevard in Lake Worth FL 33467 (also referenced as Greenacres area — physically in unincorporated PBC between Lake Worth proper and Greenacres).
Direct access to both I-95 and Florida's Turnpike. Commute access to downtown West Palm Beach, Boca Raton, Fort Lauderdale, Miami south or Stuart, Vero Beach north.
Easy access to Lake Worth Beach. Coastal lifestyle at entry-tier home pricing — rare combination in PBC.
Florida Atlantic University accessible nearby. Educational institution presence supports families with kids/teens on educational trajectory.
PBC healthcare, hospitality, government employment all accessible. Job centers within commute radius.
Samuel J. Ferreri Community Park nearby — large community park resource.
John I. Leonard High School area. Elementary and middle schools nearby. Verify exact assignment by address with Palm Beach County School District.
Note on location naming: Forest is in zone 33467, which some sources describe as Lake Worth and others as Greenacres. Physically the community is in unincorporated PBC. Mattamy markets the community as Lake Worth. For schools, taxes, and services, verify exact municipal assignment with Palm Beach County records department per address.
The Strategic Read
For buyers needing accessible PBC new construction, Forest is structurally the answer.
You're getting:
- New construction at $400K-$700K range (rare in PBC outside Mattamy)
- Builder warranty (Mattamy)
- ENERGY STAR efficiency standard
- Modern hurricane standards (post-2002 building code)
- Multiple product types (townhome or single-family) in one community
- 11 Workforce Housing Units for qualifying buyers
- 36 acres preserved open space within the redevelopment
- Family-friendly amenities (3 pools, 10 parks, 3 playgrounds, dog park)
- I-95 + Florida's Turnpike direct access
- ~3 miles to Lake Worth Beach
You're not getting:
- Luxury construction quality or finishes
- Wellington equestrian or Boca contemporary location
- Direct waterfront ocean access
- Deep customization (Kolter-tier Design Studio)
- Established community with 30+ year mature landscaping
- 55+ active-adult age cohort concentration
- Large lots or acreage
For the buyer profile Forest is built for — this is meaningfully better positioning than buying older resale at similar price point. Builder warranty + ENERGY STAR + modern hurricane standards vs. 30-year-old systems + retrofit needs + older code construction makes a material difference in total cost of ownership over the next 10-15 years.
Considering Forest?
With 28+ years of Palm Beach County experience and 1,500+ transactions, I work with buyers across PBC's full new construction landscape — luxury tier (Lotus Edge, Artistry, Castellina, Wellington View) and accessible tier (Forest). For Forest specifically, my pre-offer evaluation includes current inventory analysis (townhomes vs. single-family, available lots, ready-to-move vs. build-to-suit), pricing evaluation $449K-$700K+ with current Mattamy incentive verification, critical HOA structure verification (important given public source discrepancy between townhome and single-family fee structures), Workforce Housing Units eligibility analysis for qualifying buyers, comparison with resale alternatives in Lake Worth / Greenacres area, school zone verification by exact address, Florida 2026 insurance quotes with multiple carriers, builder warranty review, independent professional inspection coordination, pre-closing walkthrough, and complete buyer process from contract through closing. Register as a buyer with representation before visiting the sales center at 7333 Lenora Lane. The price is the same with or without representation — the guidance and protection are not. Straight read on whether Forest is the right fit for your specific buyer profile, or whether a different community better serves your situation.
Or call directly: 561-201-4717
Frequently Asked Questions
What is Forest by Mattamy Homes?+
What is the pricing range?+
Does Forest have an HOA?+
What are the Workforce Housing Units?+
Is Forest in Lake Worth or Greenacres?+
What happened to the original Forest Oaks Golf Club?+
Who should I call before buying?+
Brian Wilder
The Wilder Real Estate Group at Keller Williams Wellington
Florida Real Estate Broker since 1996 · 1,500+ Palm Beach County homes sold
Mattamy Homes new construction buyer representation specialist
561-201-4717
Information reflects market knowledge available at the time of publication (May 23, 2026). Verified facts from public sources: Forest is a new construction master community by Mattamy Homes in Lake Worth FL 33467 (zone also referenced as Greenacres in some sources; physically in unincorporated Palm Beach County). Sales center at 7333 Lenora Lane. Located at Lake Worth Road and Lucerne Lakes Boulevard. Built on the 79.3-acre site of the former Forest Oaks Golf Club, which Mattamy Homes acquired in 2023 from Grillo Golf Management for approximately $10 million per Real Deal December 2023 reporting (Grillo had paid $759,000 for the property in 2014). The 50+ year-old golf course closure followed multi-year Palm Beach County approval process (2018-2023); original 1970s Lucerne Lakes planned-unit development covenants requiring recreation in perpetuity were resolved through county approval. Mattamy scaled the project from initially proposed 600 units to ultimately 372 units and set aside 36 acres of the property as preserved open space. 372 total homesites: 94 single-family homes (2,102-2,846 sq ft, 3-5 bedrooms, up to 3 bathrooms, 2-car garages, two-story) plus 278 townhomes (1,374-1,917 sq ft, 2-3 bedrooms, 2.5 baths, 1-2 car garages, two-story) including 11 designated Workforce Housing Units. Six designer-decorated model homes opened at November 2024 launch per South Florida Agent Magazine. Pricing per Mattamy launch: single-family from the high $500,000s, townhomes from the mid-$400,000s. Q1-Q2 2026 verified pricing: townhomes $449K-$541K per Homes.com active listings, from $466,900 per pre-construction-homes.com; single-family approximately $580K-$700K+ target. ENERGY STAR rated construction standard. Amenities verified: 3 swimming pools with cabanas, 3 tot-lot playgrounds, 10 neighborhood parks, fenced dog park with fitness stations, walking paths throughout. HOA structure presents discrepancy in public sources: Homes.com reports "no HOA fees" for townhomes; Jome reports approximately $271.67/monthly HOA for single-family homes — suggests different HOA structures per product type, requires verification with Mattamy directly. Mattamy Homes is the largest privately owned homebuilder in North America with 45+ years history (founded 1978 by Peter Gilgan in Toronto), U.S. head office in Orlando, helping over 8,000 families per year achieve homeownership across U.S. and Canada in 11 U.S. markets including Southeast Florida. Specific details — current available inventory exact, exact pricing per move-in-ready home and build-to-suit option, current HOA dues (townhomes vs. single-family verified separately), financial reserves projection, restrictions, builder warranty terms, ENERGY STAR ratings specifics, financing incentives, insurance quotes, exact school assignment by address, Workforce Housing Units eligibility, and exact municipal assignment (Lake Worth vs. Greenacres for tax/services) — should be verified directly with Mattamy Homes sales office (with buyer representation registered before first visit), Palm Beach County School District for school zoning, insurance agent with specific carrier quotes, Palm Beach County workforce housing administrator for WHU eligibility, and attorney specialized in Florida residential transactions. This information is general education and does not constitute tax, legal, financial, or investment advice specific to your situation. Equal Housing Opportunity.