View Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale condo for sale in Lauderdale by the Sea

Caribe Condos

Caribe Inc Broward County
Lauderdale by the Sea

Welcome to our September 2018 / October 2018 post on condos in Caribe Inc Broward County condominium complex in Lauderdale-by-the-Sea, Florida.

Caribe is a direct oceanfront co-op set right on the beachfront here at the end of the famous Galt Ocean Mile

There are currently 8 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea – 2 of which are new listings!

There has been 2 closed sales over the last 6 months and 3 units are currently pending sale! 

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Caribe – Important information for both buyers and sellers!

Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea
Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea

Caribe Inc of Broward County
Lauderdale by the Sea – Key Statistics

Caribe Inc of Broward County

Condominium complex in Lauderdale-by-the-Sea, Florida

Address: 4050 N Ocean Dr, Fort Lauderdale, FL 33308

Phone: (954) 776-4190

 

  • Prices Range from $179,000 – $315,000
  • Median List Price $205,500
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $262,000
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $330.00
  • Sales Price to List Price 93%
  • Days on Market 99 Days
View Caribe Inc Broward County condo for sale in Lauderdale by the Sea in Fort Lauderdale
View Caribe Inc Broward County condo for sale in Lauderdale by the Sea in Fort Lauderdale

Caribe Inc of Broward County
Co-op Units for Sale

Currently there are 8 condos for sale in Caribe Inc Broward County in Lauderdale by the Sea that are for sale – this is well up from our last post and is one of the largest inventories of condos for sale this year.

Our market summary report for these 8 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $179,000
Max 2 / 2 880 $315,000
Avg 1 / 1 687 $219,863
Median 1 / 1 660 $205,500

We can see from the market report that the median price for a Caribe condo for sale is $205,500 this being for a 1 bedroom 1 bathroom unit of 660 square feet

This is well up from February / March this year when the median for a Caribe condo for sale was $181,950 – this being for a 1 bedroom 1 bathroom unit of 660 square feet

Caribe Inc of Broward County
Unit Prices by Bedroom

Here is our market summary report for Caribe Inc Broward County showing median list prices by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 660 $199,000 $302.00
2 / 2 880 $315,000 $358.00

We can see from this report that the median price for:

1 Bedroom Caribe condos Lauderale by the Sea for sale is $199,000this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $302.00

2 Bedroom Caribe condos Lauderdale by the Sea for sale is $315,000this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $358.00

View new listing Caribe Inc Broward County Lauderdale by the Sea
Look at the view from this new listing Caribe Inc Broward County in Lauderdale by the Sea

Caribe Inc of Broward County
New Listings

There has been 2 new listings of condos for sale Caribe Inc of Broward County Lauderdale by the Sea over the last 30 days – both of these have been 1 bedroom units.

Our market analysis report for this new listing is presented below

CONDO BEDS / BATHS LA LP$
Unit 1702 1 / 1 660 $249,900
Unit 1205 1 / 1 660 $215,000
Median 1 / 1 660 $232,450

We can see from this report that:

Unit 1702 a 1 bedroom Caribe condo Lauderdale by the Sea has just been listed for sale for $249,900this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $379.00

Unit 1702 offers stunning custom finishes and has been totally renovated. Features include: Italian appliances including: Liebhurr refrigerator, Verona stove with warming drawer as well as a custom back-splash with under counter lights, drawer microwave and Quartz counter-tops.  There is custom German cabinetry with lighted drawers, a new electric panel and new a/c unit!

Unit 1205 a 1 bedroom Caribe condo Lauderdale by the Sea has just been listed for sale for $215,000this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $326.00

Unit 1205 offers wide water views and is a 12th floor nicely updated one unit right where Galt Ocean Mile becomes Lauderdale by the Sea. Features include: Hurricane impact windows, nice wood floors throughout and a renovated kitchen and bathroom. The catwalk entry provides gorgeous views of the ocean on the south side of the unit and amazing northern coastal views from the spacious bedroom. 


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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Caribe Inc condo pending sale Broward County Lauderdale by the Sea - Unit 306
Caribe Inc condo pending sale Broward County Lauderdale by the Sea – Unit 306

Caribe Inc of Broward County
Condos Pending Sale

There are currently 3 x units pending sale in Caribe Inc of Broward County in Lauderdale by the Sea / Fort Lauderdale 

Our market analysis report for these 3 units is presented below

CONDO BEDS / BATHS LA LP$
Unit 1110 2 / 2 880 $450,000
Unit 1707 1 / 1 660 $225,000
Unit 306 1 / 1 660 $169,900

We can see from this report that:

Unit 1110 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $450,000 is now pending sale –  this 1 bedroom 1 bathroom 880 square foot unit has a list price to square foot price of $511.00

Unit 1110 is a corner unit with ocean views from every window 

Unit 1707 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $225,000 is also now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $341.00

Unit 1707 is a17th floor penthouse with high impact windows and doors and is updated.

Unit 306 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $169,900 is also now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $257.00

Unit 306 is at the East end of the balcony with views of the ocean from front windows, and views all the way to the light house from the back windows.

View Caribe 4050 North Ocean Drive Fort Lauderdale
Great night view of Caribe 4050 North Ocean Drive Fort Lauderdale Florida

Caribe Inc of Broward County
Sales Last 6 Months

There have been just 2 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 Months

The market analysis report for these 2 condo units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $172,000
Max 2 / 2 880 $352,000
Avg 1 / 1 770 $262,000
Median 1 / 1 770 $262,000

We can also see from this report that the median sales price for a condo sold here in Caribe Inc Lauderdale by the Sea over the last 6 months has been $262,000 – this being for a 1 bedroom 1 bathroom condo of 770 square feet

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for units in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 months.

SP$/SqFt
Min $261.00
Max $400.00
Avg $330.00
Median $330.00

We can see from this report that the sales price to square foot price was $330.00 per square foot

Note the highest square foot price paid for a Caribe condo at $400.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Caribe Inc of Broward County – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 93%
Max 94%
Avg 93%
Median 93%

We can see from this report that sales price to list price for Caribe condos sold over the last 6 months was 93% 

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $200,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $186,000 – based on median MLS data!

Days on Market

Days on market for units in Caribe Inc of Broward County in Lauderdale by the Sea is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this coop.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 41
Max 158
Avg 99
Median 99

We can see from this report that the average and median days on market for Caribe Inc Fort Lauderdale sold has been 99 days or just under 14 weeks!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

View from Caribe Inc condo Broward County recently sold - Unit 1108
View from Caribe Inc condo Broward County recently sold – Unit 1108

Caribe Inc of Broward County
Recent Sales Itemized

Here is the data for each of the condos sold in Caribe Inc Broward County Lauderdale by the Sea sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 1001 2 / 2 880 $352,000
Unit 1108 1 / 1 660 $172,000

We can see from this report that the highest sale over the last 6 months was for Unit 1001 a 2 bedroom Caribe Inc condo that sold for $352,000 – This 1 bedroom 1 bathroom 8800 square foot unit had a sales price to square foot price of $400.00

Unit 1001 sold for 94% of list price and had 158 days on market or just under 23 weeks!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Caribe Inc of Broward County in Lauderdale by the Sea offers units in a great direct oceanfront coop here at the end of Galt Ocean Mile Fort Lauderdale.

We currently have a great range of condos for sale with 8 units for sale – including a 2 bedroom unit!

Sales activity has picked up over the last 6 months with 3 units under contract and pending sale and 2 units sold!

I hope you have enjoyed my Post on Caribe Condos Fort Lauderdale for Sale

Kevin Wirth Fort Lauderdale Realtor