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Fountainhead Condos

Fountainhead
Galt Ocean Mile Condos

Welcome to our April / May 2018 post on Fountainhead Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Fountainhead is a luxury direct oceanfront condominium on the beachfront here at the end of the famous Galt Ocean Mile

 

Search All Fountainhead Condos for Sale

 

There are currently 6 x Fountainhead Galt Ocean Mile condos for sale – 1 of these a new listing

There have been 3 closed sales over the last 6 months and 2 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 Fountainhead – Important information for both buyers and sellers!

Fountainhead
Galt Ocean Mile Key Statistics
Fountainhead Condominium  
Address: 3900 N Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $495,900 – $2,195,000
  • Median List Price $596,844
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $625,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $286.00
  • Sales Price to List Price 96%
  • Days on Market 153 Days
View Fountainhead Condominium 3900 N Ocean Drive Fort Lauderdale
View of Fountainhead Condominium 3900 N Ocean Drive Fort Lauderdale Florida!

Fountainhead Condos for Sale
Market Report

There are 6 x Foutainhead Galt Ocean Mile condos for sale this is down slightly from the 7 x Fountainhead Condos for Sale as in our post for February / March 2018

Our market analysis report for the 6 x Galt Ocean Mile condos currently for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1730 $495,900
Max 3 / 4 3820 $2,195,000
Avg 2 / 2 2192 $843,081*
Median 2 / 2 1903 $596,844

We can see from the market report that the average price for a luxury Galt Ocean Mile condo for sale here in Fountainhead is $843,081 this being for a 2 bedroom 2 bathroom unit*

We can also see that the median price for a Fountainhead condo for sale is $596,844 this being for a 2 bedroom 2 bathroom unit of 1903 square feet – down from our last post!

In our last post the median price for a luxury condo was median price for a Fountainhead condo for sale is $625,000 – this being for a 2 bedroom 2 bathroom unit of 1800 square feet

It is  important to note the median list price to square foot price for Fountainhead condos for sale at $328.00 – down from $332.00 in our last post which in turn was down from $340.00 in our prior post!

* Note: Currently there is a unit listed for sale for $2,195,000 – removing this unit gives an average price of $572,698 – this being for a 2 bedroom 2 bathroom unit.


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

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

View Fountainhead condominium Galt Ocean Mile Fort Lauderdale
View Fountainhead condominium Galt Ocean Mile Fort Lauderdale

Fountainhead Condos for Sale
Prices by Bedroom

Here is our market summary report showing median prices for Fountainhead Galt Ocean Mile condos for sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1870 $594,688 $318.00
3 / 4 3820 $2,195,000 $575.00

We can from this report that for :

  • 2 bedroom Fountainhead condos for the sale the median list price is $594,688 this being for a 2 bedroom 2 bathroom 1870 square foot unit with a list price to square foot price of $318.00 – In our last post the median for 2 bedroom Fountainhead condos for the sale was the same at $594,688 – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $318.00
  • 3  bedroom Fountainhead condos for sale the median list price is $2,195,000 – this being for a 3 bedroom 4 bathroom unit of 3820 square feet with a list price to square foot price of $575.00  In our last post the median for 3 bedroom condos was lower at $1,617,000 – this being for a 3 bedroom 3 bathroom unit of 3015 square feet with a list price to square foot price of $493.00
View Galt Ocean Mile condo just listed for sale Fountainhead Fort Lauderdale - Unit 2C
View Galt Ocean Mile condo just listed for sale Fountainhead Fort Lauderdale – Unit 2C

Fountainhead Condos
New Listings

There have been 1 new listings of luxury Fountainhead Galt Ocean Mile condos for sale over the last 30 days – In our last post there was also 1 new listing – this being Unit 7A a 3 bedroom unit!

Our Market analysis report for this new listing is presented below

BEDS / BATHS LA LP$
Unit 2 C 2 / 2 1800 $519,000

We can see from this report that a 2 bedroom condo – Unit 2 C has just been listed for sale for $519,000 – this 2 bedroom 2 bathroom 1800 square foot unit has a list price to square foot price of $332.00

Unit 2 C sits directly on the sand and offers totally unobstructed direct ocean views!

This Galt Ocean Mile condo for sale features impact resistant windows, gorgeous marble floors, newer eat-in kitchen with granite counters, remodeled bath and 2 A/C units.

The guest bedroom has been converted to a den, this can easily be converted back to a bedroom.

View Galt Ocean Mile condo pending sale Fountainhead Unit 7A
View Galt Ocean Mile condo pending sale Fountainhead Unit 7A

Fountainhead Condos
Pending Sales

There are currently 2 units pending sale here in Fountainhead Galt Ocean Mile – there were no units pending sale in our last post

Our market analysis report for these 2 units is presented below

BEDS / BATHS LA LP$
Unit 7A 3 / 3 2210 $724,000
Unit GC 2 / 2 1800 $475,000

We can see from this report that:

Unit 7A a  3 bedroom unit listed for sale for $724,000 is now pending sale – this 3 bedroom 3 bathroom 2210 square foot unit has a list price to square foot price of $328.00

Unit 7A spectacular direct ocean views! enjoy sunrises and sunsets from this totally and tastefully renovated condo.

This Galt Ocean Mile condo is spacious and bright and everything is new including: 2 A/Cs, all appliances and the porcelain floors!

Unit GC a  2 bedroom unit listed for sale for $475,000 is now pending sale – this 2 bedroom 2 bathroom 1800 square foot unit has a list price to square foot price of $264.00

Unit GC is offer for sale fully furnished!

This Galt Ocean Mile condo makes you feel like you own a house directly on the sand – as the unit is a first floor condominium with a private patio steps from the ocean!

Fountainhead Condo Sales
Last 6 Months

There has been 3 sales of Fountainhead Galt Ocean Mile condos over the last 6 Months 

In our prior post for Jan / Feb 2018 – there had also been just 3 units sold – these are the same units as we describe below – Unit 5 D, Unit 2 H and unit 10 G!

Our market analysis report for these 3 units is presented below.

BEDS / BATHS   LA SP$
Min 2 / 1 1450 $415,000
Max 4 / 3 2340 $684,500
Avg 3 / 2 1876 $574,833
Median 2 / 2 1840 $625,000

We can see from this report that the average sales price for Galt Ocean Mile condos sold here in Fountainhead over the last 6 months has been $574,833 – this being for a 2 bedroom 2 bathroom unit of 1876 square feet.

We can also see that the median sales price for condos sold here in Fountainhead over the last 6 months has been $625,000 – this being for a 2 bedroom 2 bathroom unit of 1840 square feet.

In our last post the median sales price for condos sold here in Fountainhead over the last 6 months was lower at $565,125 – this being for a 2 bedroom 2 bathroom unit of 1860 square feet.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale Oceanfront Condos sold in Fountainhead over the last 6 months.

SP$/SqFt
Min $267.00
Max $372.00
Avg $308.00
Median $286.00

We can see from this report that the median sales price to square foot price has been $286.00 per square foot – in our last post it was $307.00!

It is important to note the highest square foot price paid at $372.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fountainhead Galt Ocean Mile condos for sale – 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 88%
Max 97%
Avg 93%
Median 96%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Fountainhead has been 96% – this is the same as in our last post!

This means if a Fort Lauderdale condo for sale here in Fountainhead is listed at $600,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $576,000 – based on median MLS data!

Days on Market

Days on market for Fountainhead 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
Min 99
Max 171
Avg 141
Median 153

We can see from this report that the average days on market is 141 days – or just under 5 months!

We can also see that the median days on market is 153 days!

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

Fountainhead
Condo Sales Itemized

Here is the data for each of the 3 x Fountainhead Galt Ocean Mile condos sold over the last 6 months here in Fountainhead.

BEDS / BATHS LA SP$
Unit 5D 2 / 2 1840 $684,500
Unit 2H 4 / 3 2340 $625,000
Unit 10G 2 / 1 1450 $415,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 5d a 2 bedroom condo which sold for $684,500.

This 2 bedroom 2 bathroom 1840 square foot unit has a sales price to square foot price of $372.00

This condo sold for 88% of list price and had 99 days on market or just over 3 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Fountainhead Galt Ocean Mile condos are unit set in a great direct oceanfront complex here on Galt Mile in Fort Lauderdale.

Currently we have a good range of oceanfront condos for sale – especially 2 bedroom units!

Sales are on the rise with 2 units currently pending sale.

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

Kevin Wirth Fort Lauderdale Realtor