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L’Hermitage Condos

L’Hermitage Galt Ocean Mile
Condos for Sale

Welcome to our August / September 2018 Blog on Luxury L’Hermitage Galt Ocean Mile Condos for Sale Fort Lauderdale

Fort Lauderdale condos for sale here in L’Hermitage 3100 N Ocean Blvd Galt Ocean Mile offer direct oceanfront units set right on the Beachfront.

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At the time of writing this Blog there are 20 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 2 of which are new listings. 

There are 4 condos currently pending sale.

There have been 18 sales of luxury condos in the L’Hermitage complex over the last 6 months.

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 %), we also review the highest square foot prices paid over the last 6 months.

We also discuss recent sales trends in L’Hermitage – Important information for both buyers and sellers!

L’Hermitage Galt Ocean Mile
Key Statistics
L Hermitage Condo Condominium complex in Fort Lauderdale, Florida
Address: 3100 N Ocean Blvd, Fort Lauderdale, FL 33308 &  3200 N Ocean Blvd, Fort Lauderdale, FL 

Condos for Sale

  • Prices from $749,000 – $6,000,000

Median Prices

  • Median List Price $1,479,900
    – for a 3 bedroom 2 bathroom unit
  • 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 L'Hermitage 3100 North Ocean Blvd Galt Ocean Mile Fort Lauderdale
Aerial view of L’Hermitage 3100 North Ocean Blvd Galt Ocean Mile Fort Lauderdale

L’Hermitage
Condos for Sale

There are currently 20 x L’Hermitage Galt Ocean Mile condos for sale – This is the same number of L’Hermitage Galt Ocean Mile condos for sale as in our last post for June / July 2018.

The market analysis report for these 20 x luxury condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1537 $749,000
Max 6 / 5 7167 $6,000,000
Avg 3 / 3 2961 $2,397,880
Median 3 / 2 2097 $1,479,900

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,479,900 – this being for a 3 bedroom 2 bathroom unit of 2097 square feet.

In our last post for June / July 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was the same at $1,479,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

In our last post for April / May 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was lower at $1,199,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

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Kevin Wirth P.A Realtor
Galt Ocean Mile Specialist
954-459-0337

email: kevinsellsmore@gmail.com

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View Galt Ocean Mile New Listings

Luxury L’Hermitage
Condos by Bedroom

Here is our market analysis report for L’Hermitage Galt Ocean Mile condos for sale – showing median prices by bedroom for all the units currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1537 $837,450 $578.00
3 / 2 2097 $1,499,900 $725.00
4 / 4 4938 $4,999,000 $962.00
5 / 5 7167 $6,000,000 $837.00
6 / 5 4475 $4,750,000 $1,061.00

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

  • 2 Bedroom 2 Bathroom units for sale is $837,450 – this being for a unit of 1537 square feet with a list price to square foot price of $578.00
  • 3 Bedroom 2 Bathroom units for sale is $1,499,900 – this being for a unit of 2097 square feet with a list price to square foot price of $725.00
  • 4 Bedroom 4 Bathroom units for sale is $4,999,500 – this being for a unit of 4938 square feet with a list price to square foot price of $962.00
  • 5 Bedroom 5 Bathroom units for sale is $6,000,000 – this being for a unit of 7167 square feet with a list price to square foot price of $837.00
  • 6 Bedroom 5 Bathroom units for sale is $4,759,000 – this being for a unit of 4475 square feet with a list price to square foot price of $1,061.00
View Luxury L'Hermitage Galt Ocean Mile condo just listed for sale - Unit 2310
View Luxury L’Hermitage Galt Ocean Mile condo just listed for sale – Unit 2310

L’Hermitage
New Luxury Listings

There have been just 2 new listings of L’Hermitage Galt Ocean Mile condos for sale in the last 30 days.

This is up from our last post for June / July 2018 there were 4 new listings here at L’Hermitage!

Our market summary report for these 2 units is presented below.

CONDO BEDS / BATHS LA LP$
Unit 2310 3 / 3 2661 $2,799,000
Unit 304 2 / 2 1030 $799,900

We can see from this report the details for each of these 2 units:

Unit 2310 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $2,799,000this 3 bedroom 3 bathroom 2661 square foot unit has a list price to square foot price of $1,052.00

Unit 2310 is a “rare” Southeast direct ocean high floor Ascot unit.  This Galt Ocean Mile condo has had substantial remodeling including spa-like master bathrooms with double shower and tub. The open kitchen has also been completely renovated and features: Wolf / Subzero appliances.

Unit 304 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $799,900this 2 bedroom 2 bathroom 1030 square foot unit has a list price to square foot price of $777.00

Unit 304 is a Southeast exposure unit.  This Galt Ocean Mile condo has an open kitchen and two sunny terraces with views of the fountain and garden.

View L'Hermitage condo pending sale Galt Ocean Mile Fort Lauderdale
View from a L’Hermitage condo pending sale here on Galt Ocean Mile in Fort Lauderdale

L’Hermitage
Pending Sales

There are currently 4 x luxury L’Hermitage Galt Ocean Mile condos pending sale.

In our last post there were 8 x luxury L’Hermitage condos pending sale and in our prior post there were 7 units pending sale!

Our market summary report for these 4 units is presented below

CONDO BEDS / BATHS LA LP$
Unit 310 3 / 3 2661 $1,995,000
Unit 1401 3 / 3 2318 $1,499,000
Unit 1602 3 / 2 2086 $1,149,900
Unit 2506 2 / 2 1630 $1,050,000

We can see from this report that:

L’Hermitage Unit 310 a 3 bedroom luxury L’Hermitage condo listed for sale for $1,995,000 is now pending sale this 3 bedroom 3 bathroom 2661 square foot unit has a list price to square foot price of $750.00

Unit 304 is a “Masterfully Redesigned” oceanfront condo with an expansive private wrap-around terrace.   This Galt Ocean Mile condo feels like a Beach House with its luxurious finishes and Marble floors throughout.  The unit features a chef’s kitchen! 

L’Hermitage Unit 1401 a 3 bedroom luxury L’Hermitage condo listed for sale for $1,499,000 is now pending sale this 3 bedroom 3 bathroom 2318 square foot unit has a list price to square foot price of $647.00

Unit 1401 is large double corner Carlyle unit on high floor with open kitchen and marble floors. This Galt Ocean Mile condo has 2 Balconies, a private elevator and plenty of closet. The unit has 2 bathrooms in the master!

L’Hermitage Unit 1602 a 3 bedroom luxury L’Hermitage condo listed for sale for $1,149,900 is now pending sale this 3 bedroom 3 bathroom 2086 square foot unit has a list price to square foot price of $551.00

Unit 1602 is a high floor unit with private elevators.  This Galt Ocean Mile has 2 separate large balconies with direct ocean and resort views.  The unit has 9 foot ceilings, a large kitchen and a split bedroom plan.

L’Hermitage Unit 2506 a 2 bedroom luxury L’Hermitage condo listed for sale for $1,050,000 is now pending sale this 2 bedroom 2 bathroom 1630 square foot unit has a list price to square foot price of $644.00

Unit 2506 is a “Gorgeous” 2 bedroom 2 bathroom unit with an open den on the 25th floor.   This Galt Ocean Mile condo offers spectacular coastline views of the ocean, pool area and city!

View L'Hermitage Fort Lauderdale condo recently sold - Penthouse 2709
View L’Hermitage Fort Lauderdale condo recently sold – Penthouse 2709

L’Hermitage Condos
Sales Last 6 Months

There have been 18 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months – up from our last post!

In our last post there were 16 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 18 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1537 $628,000
Max 5 / 5 4938 $5,050,000
Avg 3 / 2 2492 $1,529,750
Median 3 / 2 2332 $1,057,500

We can see from this report that the average price of a Galt Ocean Mile condo sold in L’Hermitage over the last 6 months has been $1,529,750 – this being for a 3 bedroom 2 bathroom unit of 2492 square feet.

We can also see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,057,500 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet – which is down from our last 2 posts!

In our last post for June / July 2018 the median price of a condo sold in L’Hermitage over the last 6 months was higher at $1,132,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet.

In our prior post for April / May 2018 the median price of a condo sold in L’Hermitage over the last 6 months was higher at $1,115,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

L’Hermitage Condos
Sales Prices by Bedroom

Here is our market summary report showing sales prices for L’Hermitage Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1630 $981,250 $413.00
3 / 2 2325 $1,132,500 $525.00
4 / 5 4299 $5,050,000 $1175.00
5 / 4 4938 $4,250,000 $861.00

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

  • 2 Bedroom L’Hermitage condos sold has been $981,250 this being for a unit of 1630 square feet with a list price to square foot price of $413.00.  In our last post the median for 2 Bedroom L’Hermitage condos was lower at $962,500 – this being for a larger unit of 2332 square feet with a list price to square foot price of $413.00. 
  • 3 Bedroom 2 Bathroom units sold has been $1,132,500 – this being for a unit of 2325 square feet with a list price to square foot price of $525.00.  In our last post the median for 3 Bedroom L’Hermitage condos was lower at $1,115,000 – this being for a unit of 2318 square feet with a list price to square foot price of $535.00.
  • 4 Bedroom 5 Bathroom units sold has been $5,050,000 – this being for a unit of 4299 square feet with a list price to square foot price of $1,175.00.  In our last post the median for 4 Bedroom L’Hermitage condos was the same at $5,050,000 – this being for a unit of 4299 square feet with a list price to square foot price of $1,175.00.
  • 5 Bedroom 5 Bathroom units sold has been $4,250,000 – this being for a unit of 4938 square feet with a list price to square foot price of $861.00.  In our last post the median for 5 Bedroom L’Hermitage condos was the same at $4,250,000 – this being for a unit of 4938 square feet with a list price to square foot price of $861.00.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for L’Hermitage Galt Ocean Mile condos over the last 6 months.

SP$/SqFt
Min $300.00
Max $1175.00
Avg $573.00
Median $535.00

We can see from this report that the median sales price to square foot price paid for a L’Hermitage condo sold over the last 6 months has been $535.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months is down from $543.00 as in our last post!

Also important to note is the highest price paid at $1,175.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for L’Hermitage 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 82%
Max 98%
Avg 92%
Median 92%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage  has been 92% the same as in our last 2 posts!

This means if a Luxury Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,300,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $1,196,000.

Days on Market

Days on market for L’Hermitage Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

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

DOM
Min 13
Max 1019
Avg 179
Median 47

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 179 days or just under 6 months.

More importantly is the median days on market at 47 days or just under 7 weeks – this is down from 59 days in our last post!  

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

View of L'Hermitage condominium 3100 N Ocean Blvd Fort Lauderdale, Florida
View of L’Hermitage condominium 3100 N Ocean Blvd here on Galt Ocean Mile

L’Hermitage
Condo Sales Itemized

Here is the data for each of the luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months 

CONDO BEDS / BATHS LA SP$
PH 2709 4 / 5 4299 $5,050,000
PH 2708 5 / 4 4938 $4,250,000
Unit 2210 3 / 2 2661 $2,550,000
Unit 1509 3 / 3 2762 $1,785,000
Unit 1901 3 / 2 2318 $1,375,000
Unit 2207 3 / 2 2086 $1,250,000
Unit 602 3 / 2 2332 $1,200,000
Unit 1707 3 / 2 2086 $1,150,000
Unit 1402 3 / 2 2086 $1,115,000
Unit 2506 2 / 2 1537 $1,000,000
Unit 2206 2 / 2 1630 $1,000,000
Unit 1702 3 / 2 2338 $985,000
Unit 302 2 / 2 2332 $962,500
Unit 308 3 / 3 2596 $900,000
Unit 504 3 / 3 1977 $875,000
Unit 307 3 / 2 2055 $760,000
Unit 407 3 / 2 2332 $700,000
Unit 406 2 / 2 1537 $628,000

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 Penthouse 2709 a 4 bedroom luxury condo which sold for $5,050,000.

Penthouse 2709 was a 4 bedroom 5 bathroom luxury condo of 4299 square feet and sold with a sales price to square foot price of $1,175.00

Penthouse 2709 sold for 95% of list price and had 269 days on market or just under 9 months!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

L’Hermitage Galt Ocean Mile condos for sale are “absolute” direct oceanfront condos set on 10 acres right on the beach in Fort Lauderdale.

We currently have a great range of luxury condos currently for sale – including sought after penthouses and sub-penthouse units!

Sales have been very strong over the last 6 months with 18 units sold and it is impressive to see the median days on market at just 47 days – very fast!

I hope you have enjoyed my post on Luxury Fort Lauderdale condos for sale here in  L’Hermitage

By Kevin Wirth Realtor