Edgewater Arms Galt Ocean Mile condos for sale: 3600 Galt Ocean Dr, Fort Lauderdale

Edgewater Arms Condos

Edgewater Arms
Fort Lauderdale

Welcome to our February / March 2018 post on Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale

Fort Lauderdale condos for sale here in Edgewater Arms are absolute direct oceanfront units.  

The complex is one of the Iconic Galt Ocean Mile condominiums and is set literally right on the beach at the ocean’s edge.

Search Edgewater Arms Condos for Sale

 

There are currently no condos for sale in this complex. 

There has been just 1 sale of a Galt Ocean Mile condo in this complex over the last 6 monthsthis being for a 1 bedroom unit offered for sale with seller financing!

Note: There have 2 sales of 1 bedroom units in this complex over the last 12 monthsboth of these 1 bedroom units were offered for sale with seller financing!

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 Edgewater Arms – Important information for both buyers and sellers!

Edgewater Arms
Galt Ocean Mile  – Key Statistics
Edgewater Arms Condominium complex Fort Lauderdale, Florida
Address: 3600 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • No Units Currently for Sale 

Sales Data Last 6 Months

  • Median Sales Price $220,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $314.00
  • Sales Price to List Price 92%
  • Days on Market 70
View Edgewater Arms 3600 Galt Ocean Dr, Fort Lauderdale
View Edgewater Arms 3600 Galt Ocean Dr, Fort Lauderdale – Kevin Wirth Realtor

Edgewater Arms
Condos for Sale

Currently there are no Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – this is the same as in our last post for December 2017 / January 2018

New Listings – Last 30 Days

There have been no new listings of Edgewater Arms Galt Ocean Mile condos for sale over the last 30 days – this is also the same as in our last post!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

Edgewater Arms
Pending & Recent Sales

There are currently no units pending sale and there has been just 2 sales here in Edgewater Arms Galt Ocean Mile over the last 12 months – both of which have been 1 bedroom units!

Edgewater Arms
Pending Sales

There are currently no units pending sale here in Edgewater Arms – this is the same as in our last 3 posts!

View Edgewater Arms Galt Ocean Mile condos recently sold - Unit 2E
View Edgewater Arms Galt Ocean Mile condos recently sold – Unit 2E

Edgewater Arms
Sales Last 6 Months

There have been just 1 sale of Edgewater Arms Galt Ocean Mile condos over the last 6 months

Our market summary report for this sale is presented below:

 CONDO BEDS / BATHS LA SP$
Unit 2E 1 / 1 700 $220,000

We can see from this report that the price for the 1 x Edgewater Arms Galt Ocean Mile condo sold over the last 6 months has been $220,000this being for a 1 bedroom 1 bathroom unit of 700 square feet. 

Note: There have been 2 sales of 1 bedroom unit here in Edgewater Arms over the the last 12 months – both on which were offered for sale with owner/seller financing.

The other 1 bedroom unit to sell was Unit 6 E – this unit sold for $264,000.  Unit 6E was a 950 square foot unit!

View Edgewater Arms Galt Ocean Mile condos sold - Unit 6E
View from one of Edgewater Arms Galt Ocean Mile condos recently sold – Unit 6E

Edgewater Arms
Sales by Bedroom
There have been 4 sales over Edgewater Arms Galt Ocean Mile condos over the last 12 months
2 x 1 bedroom units and 2 x 2 bedroom units!

Here is our market summary report showing median sales price by bedroom for Edgewater Arms condos sold over these last 12 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 825 $242,000 $296.00
2 / 2 1289 $362,500 $284.00

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

1 Bedroom Edgewater Arms condos sold over the last 12 months has been $242,000 this being for a 1 bedroom 1 bathroom unit of 825 square feet with a sales price to square foot price of $296.00

2 Bedroom Edgewater Arms condos sold over the last 12 months has been $362,500 this being for a 2 bedroom 2 bathroom unit of 1289 square feet with a sales price to square foot price of $284.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for the 1 x Edgewater Arms Galt Ocean Mile condo over the last 6 months.

SP$/SqFt
Median $314.00

We can see from this report that the sales price to square foot price paid for the one Edgewater Arms condo sold over the last 6 months was $314.00!

% 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 Edgewater Arms – 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$/LP$
Median 92%

We can see from this report that the sales price to list price for the 1 x condo sold in Edgewater Arms was 92%

This means if a Fort Lauderdale condo for sale here in Edgewater Arms is listed at $400,000 – then based on median sales data the condo could be expected to sell based on past sales for 92% of list price or $368,000.

Days on Market

Days on market for Edgewater Arms Galt Ocean Mile condos for sale is an important indicator on how strong demand is for Fort Lauderdale oceanfront condos for sale in this complex.

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

DOM
Median 70

We can see from this report that the days on market for the condo sold in Edgewater Arms was 70 days or 10 weeks!

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

Edgewater Arms
Units Sold – Last 6 Months

Here is our market analysis report showing the details for the Edgewater Arms Galt Ocean Mile condo sold over the last 6 months

 CONDO BEDS / BATHS LA SP$
Unit 2E 1 / 1 700 $220,000

We can also see from this report that Unit 2E a 1 bedroom unit sold for $220,000 – this one bedroom 1 bathroom 700 square foot unit was originally listed for sale for $239,000

This condo offers “Million Dollar” direct ocean views!

The unit features an updated kitchen with high-end stainless appliances, Corian countertops and indirect LED lighting.

There is Porcelain wood-look flooring and Led lighting throughout the condo.  The unit has an enclosed balcony, Hurricane impact windows and a newer A/C.

The vintage mid-century bathroom in immaculate shape.

Unit 2E had a sales price to square foot price of $314.00

Unit 2E had 70 days on market and sold for 92% of list price!

This unit was offered for sale with Seller financing available and was available “turn-key” with all the furnishings.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Edgewater Arms Galt Ocean Mile condos are units set in a truly an iconic Fort Lauderdale condominium set right on the sand here on Galt Ocean Mile.

Currently we have a real shortage of inventory – with no units currently for sale!

This tends to be how things go in Edgewater Arms – it is either feast or famine…. 

I hope you have enjoyed this post on Fort Lauderdale condos for sale here in Edgewater Arms – by Kevin Wirth Realtor.