View Galt Ocean Mile condos Fort Lauderdale Florida

Galt Ocean Mile Condos

Galt Ocean Mile
Condos for Sale

Galt Ocean Mile condos for sale are direct oceanfront condos set right on the Beachfront here in Fort Lauderdale.

Fort Lauderdale Condo living offers warm weather year round – a great lifestyle destination or a pleasant escape from the cold winters of the North.

Search Galt Ocean Mile Condos for Sale

Hunting for a Condo? – Fort Lauderdale has over 6000 condos for Sale !!  Email me your Wish List and let me do the work for you

Fort Lauderdale Luxury Condos as seen from the Galt Ocean Mile Beach
Fort Lauderdale Luxury Condos and Condos here on Galt Ocean Mile Beach

Key Statistics for Buyers / Sellers

      • Prices from $150,000 – $6 Million
      • Median List Price $519,900 – down a little our last posts!
        – 2 Bedroom 2 Bathroom Unit

Galt Ocean Mile Condos for Sale
September / October Update

Sales on Galt Ocean Mile are still moving ahead (even out of season) and currently we have 36 condos under contract and pending sale!

Inventory of Galt Ocean Mile condos for sale for 2016, 2017 and 2018 (YTD)
Inventory of Galt Ocean Mile condos for sale for 2016, 2017 and 2018 (YTD)

We can see from the chart above and the MLS table below the inventory levels for Galt Ocean Mile condos for sale for 2016 to 2018 YTD.

Active
Listings
2016 2017 2018
Jan 275 266 250
Feb 312 258 254
Mar 335 261 259
Apr 316 235 271
May 313 228 249
Jun 287 231 262
Jul 263 222 259
Aug 247 223 251
Sep 233 217 191
Oct 237 226
Nov 259 240
Dec 264 234

It is important to note that the Inventory of Galt Ocean Mile condos for sale in September 2018 at 191 condos for sale is well down compared to both September 2016 and September 2017.

The decrease in inventory now in September 2018 is significant and is an important consideration for both buyers and sellers!


Kevin Wirth Realtor

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Kevin Wirth – Realtor
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Galt Ocean Mile Condos
Prices by Bedroom

Our market summary report(s) for sales of Galt Ocean Mile condos over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 467 $215,000 $373.00
1 / 1 1088 $297,000 $282.00
2 / 2 1537 $498,500 $339.00
3 / 2 2180 $880,000 $410.00

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

  • Galt Ocean Mile studio unit sold over the last 6 months has been $215,000 – this being for a unit of 467 square feet with a sales price to square foot price of $373.00
  • Galt Ocean Mile 1 bedroom unit sold over the last 6 months has been $297,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $282.00
  • Galt Ocean Mile 2 bedroom unit sold over the last 6 months has been $498,500 – this being for a 2 bedroom 2 bathroom unit of 1537 square feet with a sales price to square foot price of $339.00
  • Galt Ocean Mile 3 bedroom unit sold over the last 6 months has been $880,000this being for a 3 bedroom 2 bathroom unit of 2180 square feet with a sales price to square foot price of $410.00

It is important to note that these median sales prices are very favorable for Galt Ocean Mile condos for sale – which are direct oceanfront condos – set right on the sand

Read More on Galt Ocean Mile Condos for Sale

Galt Ocean Mile Luxury Condo Square Foot Prices - 2006-2017
Galt Ocean Mile Luxury Condo Square Foot Prices – 2006-2017

Luxury Galt Ocean Mile Condos
2017 Sales Summary

In 2017 there were 22 x Luxury Galt Ocean Mile condos sold here on Galt Ocean Drive / Zip 33308 – luxury “direct oceanfront” condos selling for $1 Million on more.

2017 was a superb year for luxury Galt Ocean Mile condo sales – with a median sales price of $1,312,500

It is important to note that median sales prices for Galt Ocean Mile condos have had an “up-and-down” ride since 2007.

Median square foot sales prices for Luxury Galt Ocean Mile condos sold however have been on the rise since 2012!

Read More on Luxury Galt Ocean Mile Condo Sales 2017

View of Galt Ocean Mile condo here in Fort Lauderdale FL

View of Galt Ocean Mile condos for sale here in Fort Lauderdale FL

Featured Galt Ocean Mile Condominiums

Here are our featured Galt Ocean Mile Condominiums

The Galleon | Pricing Guide $360,000 – $1,099,990


Galleon Condominium Apartments Inc Fort Lauderdale, Florida
Address: 4100 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Median List Price $659,000
     – 2 Bedroom 2 Bathroom Unit

The Galleon is a direct oceanfront condominium here in Fort Lauderdale – offering 1, 2 and 3 Bedroom Condo Units.

View of the Ocean from a condos in The Galleon Condominium

Median Sales Prices

  • Sales Price last 6 Months $299,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Square Foot Price $244.00
  • Median Sales to List Price 94%
  • Days on Market 21 Days

View Units for Sale

Note: Sometimes for a condominium not all the listings will display (in this case only 1 does) Email me for all listings currently available – this is a quirk of the MLS / idx system – resulting in searches only displaying listings from Fort Lauderdale Realtors vs all current listings.
This quirk affects every Realtor – and their website which is why I manually update my site monthly to ensure accuracy AND that my buyers are informed.

Read More – on My Pick of Best Buys in The Galleon, Condo Prices, Median Prices, Pricing Comparisons to other Galt Ocean Mile Condos

Read My Latest Blog on The Galleon

 

Playa Del Mar | Pricing Guide $340,000 – $669,000

Playa Del Mar Condominium Association Fort Lauderdale, Address: 3900 Galt Ocean Dr, Fort Lauderdale, FL 33308

Median List Price $515,000
2 Bedroom 2 Bathroom Unit

Playa Del Mar is a luxury complex here in Fort Lauderdale and offers 1, 2 and 3 Bedroom Condo Units.

View from Playa Del Mar

Median Sales Last 6 Months

  • Sales Price $349,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $338.00
  • Sales to List Price 96%
  • Days on Market 102 Days

View Units for Sale

Read More – on My Pick of Best Buys in Playa Del Mar, Condo Prices, Median Prices, Pricing Comparisons to other Galt Ocean Mile Condos

Read My Latest Playa Del Mar Blog

 

Playa Del Sol | Pricing Guide $320,000 – $850,000

Playa Del Sol Condo Association – Condominium Complex
Address: 3500 Galt Ocean Dr, Fort Lauderdale

  • Median List Price $569,000
    – 2 Bedroom  / 2 Bathroom Unit 

Playa Del Sol is the “sister” to Playa Del Mar and is a luxury oceanfront complex here in Fort Lauderdale – offering 1,2 and 3 Bedroom Condo Units.

View from Playa Del Sol

Median Sales Data

  • Sales Price last 6 Months $475,000
     2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $323.00
  • Median Sales to List Price 94%

Days on Market 68 Days

View Playa Del Sol Units for Sale

Read More – on My Pick of Best Buys in Playa Del Sol, Condo Prices, Median Prices, Pricing Comparisons to other Galt Ocean Mile Condos

Read My Latest Playa Del Sol Blog

 

L’Hermitage | Pricing Guide $749,000 – $6,000,000

L Hermitage Condo Condominium complex in Fort Lauderdale, FL
Address: 3100 N Ocean Blvd, Fort Lauderdale, FL 33308 &  3200 N Ocean Blvd, Fort Lauderdale, FL 

  • Median List Price $1,479,900
    – for a 3 bedroom 2 bathroom unit

L’Hermitage is one of the Premier Luxury Oceanfront complexes here in Ft Lauderdale – offering 2, 3 & 4 Bedroom Condo Units.

View from a luxury condo in L'Hermitage

Current Market Data

  • Median Sales Price $1,057,500
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $535.00
  • Sales to List Price 92%
  • Days on Market 47 Days

View Units for Sale

Read More – on My Pick of Best Buys in L’Hermitage, Condo Prices, Median Prices, Pricing Comparisons to other Galt Ocean Mile Condos

Read My Latest L’Hermitage Blog

Galt Ocean Mile Condo

Here are links to the other Galt Ocean Mile condos

L’HermitageSouth Point The Commodore
Playa Del SolRoyal Ambassador – Edgewater Arms
Riviera – Regency Tower Regency Tower South
Galt Ocean ClubPlaya Del MarOcean Summit
Ocean Club The GalleonL’Ambiance Beach
Galt TowersPlaza SouthPlaza East

 

Galt Ocean Mile Condos

Galt Ocean Mile – Fort Lauderdale is one of the top condo destinations in Fort Lauderdale and became the “strip” for the condo development “boom” of the 1960’s and 1970’s.

Over 18 oceanfront condominiums were built on this one mile strip and then offered up for sale.

Enjoy Condo living Fort Lauderdale Beach

The World Famous Galt Ocean Mile was Fort Lauderdale’s beach “boom” town in the 1960s- 1970s – celebrities, politicians and movies stars a like all flocked here to escape the cold winters.

For more on Galt Ocean Mile Condo Sales Trends – click here

Condo construction and condos sales soared. Most Galt Mile Condos were set directly on the ocean front with beautiful Palm lined avenues behind along with boutique shopping, restaurants, and even a leading grocery store.

Palm lined boulevard behind Galt Ocean Condos

The beaches, location and in particular the set back as seen above from the hustle and bustle of the busy streets made owning a Galt Ocean Mile condo extremely popular.

Described as having New York “flair” with a beach setting Galt Ocean condos are as popular today as they were in the 1960s and 1970s.

With over 725 condos on offer for sale today and with prices ranging from $175,000 to well into the millions – Galt Ocean Mile stands proud of its claim as one of the most famous beach front condo strips in Florida.

Galt Ocean Mile A Popular Destination

So Popular is this Galt Ocean location that more recently three of the most luxurious condominiums also made this location their home, one in Galt Ocean Mile The L’Ambiance Beach and the other two right along side this famous location – The Palms and L’Hermitage.

L’Ambiance and L’Hermitage all offer Luxury condos for sale ranging in price from $600,000 to $7,250,000.

So if your looking for Location then Galt Ocean Mile is hard to beat!

Beachfront Condos for sale from The Palms to Galt Mile Fort Lauderdale

The view above shows two of Fort Lauderdale most famous Luxury Condos The Palms – the pink tower and then the two towers of L’Hermitage with the white vertical strips, they are followed immediately by the condos of Galt Ocean Mile.

For more on Galt Ocean Luxury Condos for sale – click here.

Galt Ocean Mile
Condos Sales – Last 6 Months

Here are the key sales statistics for sales of Galt Ocean Mile condos over the last 6 months.

Key Sales Statistics
for Buyers / Sellers

  • 123 Units Sold over the Last 6 Months
  • Sales Prices from $202,500 – $5,050,000

Median Sales Prices

  • Sales Price last 6 Months $415,000 – up from our last post!
    -2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $307.00
  • Sales Price to List Price 95%
  • Days on Market 78 Days

Read More on Galt Ocean Mile Condo Sales

Galt Ocean Mile Condos Median Sales Prices 2006-2017
Chart showing Galt Ocean Mile Condos Median Sales Prices from 2006-2017

Galt Ocean Mile Condos
Sales Prices 2006 – 2017

Here is our sales summary showing median MLS sales data for all of the Galt Ocean Mile condos sold from 2006 – 2017.

Median  Beds/Baths SF/FF Sale Price
2017 2 / 2 1,435 $415,000
2016 2 / 2 1,550 $427,000
2015 2 / 2 1,575 $415,000
2014 2 / 2 1,575 $395,000
2013 2 / 2 1,510 $350,000
2012 2 / 2 1,600 $337,500
2011 2 / 2 1,550 $320,000
2010 2 / 2 1,550 $333,000
2009 2 / 2 1,607 $350,000
2008 2 / 2 1,600 $375,000
2007 2 / 2 1,615 $465,000
2006 2 / 2 1,600 $450,000

Looking at Galt Ocean Mile condos for sale we can see that the median prices for Galt Ocean Mile condos are still down by $50,000 from their 2007 levels.

Rendering Edgewater Arms Galt Ocean Mile Fort Lauderdale FL
Rendering Edgewater Arms Galt Ocean Mile Fort Lauderdale FL

Galt Ocean Condo Designs

Befitting the times – developers engaged their architects to create condominiums that were elegant, unique and that offered the very latest in amenities.

Initially a modest proliferation of small hotels and beach clubs lined the Galt.

The First Condo built and then offered for sale on Galt Ocean Mile was the Edge Water Arms which was built in 1957.

The ownership form here was a cooperative vs. condominium. Most of the other buildings on Galt Ocean Mile Fort Lauderdale are a condominium form of ownership

Edgewater Arms condominium Fort Lauderdale

The Edgewater Arms followed in 1959, and so successful were these condo sales that Coral Ridge Properties, Inc. hired Architect Richard C. Reilly to build and offer for sale more condos thus creating a model high-end condo community in Fort Lauderdale to rival that of Bal Harbour.

Based on the sales success of Egdewater Arms, The Ocean Riviera, The Regency Tower and Regency South Condo were successively built and then offered for sale.

Despite minor variations, the design simplicity of these “three sisters” created upscale luxury condos for sale, condos with large thick-walled rooms, efficient plumbing and electric systems. These condos also strove for optimal utilization of deck, parking and garage space.

Today, these design gems are some of the Galt Mile’s best and most classic condos on offer for sale in Fort Lauderdale.

Built in 1974 & 1975 and located in the middle of Galt Ocean Drive, two more sister condos were developed and quickly offered for sale.

Playa Del Mar and her “sister” to Playa Del Sol. Playa Del Mar consists of 370 one, two and three bedroom condos – of which 13 condos are currently on offer for sale with prices ranging between $200,000 – $500,000.

 Playa Del Sol Condos for Sale

Galt Miles Ideal Location

Nested on Fort Lauderdale’s barrier island, residents are within minutes of fabled Las Olas Boulevard, the Galleria Mall, Riverwalk and numerous diversions offered by the “Venice of America”.

One block from Florida’s famous Ocean Highway A1A, residents have easy access to restaurants, banks, pharmacies, a Library, grocery stores and supermarkets, salons, beauty and barber shops, medical centers, clothing stores, art galleries, insurance agencies, gym and exercise facilities, bakeries, travel agencies, florists and a post office.

Also nearby is the quaint “Galt Ocean Village Shoppes” neighborhood known as “the Village”, an eclectic collection of unusual shops, eateries, stores, boutique shops and cafés.

The “Village” plays host to the Fort Lauderdale Beach Community Center, where dozens of activities and events are offered to Ocean Riviera residents year-round at little or no cost. Residents of the Ocean Riviera’s 203 units hale from across the country and all points of the globe. It’s exciting blend of personalities and cultures provides for a stimulating and fascinating environment. The Ocean Riviera “family” consists of weekenders (snowflakes), seasonal visitors (snowbirds) and full time year-round residents

Traveling residents and visitors face a twenty minute commute to the Fort Lauderdale/Hollywood International Airport and the Port Everglades cruise ship docks.

View of Galt Ocean Mile oceanfront condos

Galt Ocean Mile Condos – A History

Galt Ocean Mile Condos and condos sales have continued to grow and grow. The desire to live by the beach, escape the cold winters and enjoy the “easy care” condo lifestyle continue to drive sales demand.

Galt Ocean Mile developed from humble beginnings – the Galt Ocean Hotel located at Beach Club Hotel, 3100 N Ocean Blvd – this was the first major building on the Galt seen in this 1961 photo below…

Old Galt Ocean Mile Postcard

Read More on The History of Galt Ocean Mile’s Condos

Galt Ocean Mile Beachfront Condos for Sale

Galt Ocean Mile offers great condo choices from beachfront condos for those on a budget to luxury ocean and beachfront condo well into the millions of dollars. Here is an overview of condo pricing and sales.

Galt Ocean Mile South Point Condo Ocean Views

Galt Ocean Mile offers some of the widest range of beachfront condo prices in Fort Lauderdale making Galt Ocean Mile one of the most popular choices for those looking to purchase a beachfront condo.

More on Galt Ocean Mile Condos for Sale

Galt Ocean Mile Penthouses from $425,000 – $7,250,000

Often the “cream” of luxury and trophy condos are the Penthouse units. Galt Ocean Mile offers a small number of luxury penthouses for sale including occasionally a trophy condo or two.

Galt Ocean Mile Condos

In this blog we look at penthouses for sale as well as recent sales for penthouse units on Galt Ocean Mile here in Fort Lauderdale FL.

Currently there are 171 condos for sale on Galt Ocean Mile of which just 6 are penthouse units.

While the median price for a condo on Galt Ocean Mile is $425,000 – the median price for a luxury penthouse unit currently for sale is $1,522,000 over $1 Million more.

More on Galt Ocean Mile Penthouses

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Kevin Wirth P.A. Realtor
954-459-0337