View Plaza East 4300 N Ocean Blvd Fort Lauderdale condo for sale

Plaza East Condos

Plaza East Galt Ocean Mile
Condos for Sale

Welcome to our April / May 2018 post on Plaza East Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Plaza East are “direct” oceanfront units set right on the beach.  

Plaza East has 266 condos set right on the sand/beachfront here in Galt Ocean Mile.  The complex itself is actually located on Ocean Blvd and sits at the very North End of all of the Galt Ocean Mile Condominiums.

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There are currently 10 x Plaza East Galt Ocean Mile condos for sale – 1 of which is a new listing. 

There have been 8 sales over the last 6 months and 2 units are 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 Plaza East – Important information for both buyers and sellers!

Plaza East
Galt Ocean Mile – Key Statistics 

Plaza East Condo Association
Address: 4300 N Ocean Blvd, Fort Lauderdale, FL 33308

  • Prices from $485,000 – $775,000
  • Median List Price $577,000
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $572,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $297.00
  • Median Sales to List Price 95%
  • Days on Market 90 Days
View Plaza East condominium - 4300 N Ocean Blvd, Fort Lauderdale
View Plaza East condominium – 4300 N Ocean Blvd, Fort Lauderdale

Plaza East
Condos for Sale

Here is the market analysis report for the 10 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida. 

In our last post on Plaza East Galt Ocean Mile condos for sale for February / March 2018  there were 11 condos for sale.

Our market analysis for the 10 x Plaza East condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1450 $485,900
Max 3 / 2 2400 $775,000
Avg 2 / 2 1661 $608,270
Median 2 / 2 1512 $577,000

We can see from this report that the median price of a Galt Ocean Mile condo for sale here in Plaza East is $597,500 – down from our last post!

In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $597,500 – this being for a 2 bedroom 2 bathroom unit.

It is important to note that median list prices are well down from our 2017 posts when the median price of a Galt Ocean Mile condo for sale here in Plaza East was between $648,000 – $659,000

View Plaza East 4300 N Ocean Blvd Fort Lauderdale
View of Galt Ocean Mile’s Plaza East 4300 N Ocean Blvd Fort Lauderdale Florida

Plaza East Condos
Prices by Bedroom

Here is the market analysis report for Plaza East condos for sale showing median prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1450 $564,450 $383.00
3 / 2 2400 $762,000 $392.00

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

  • There have been on 1 Bedroom Plaza East condos sold over the last 6 months In our last post the median for 1 Bedroom Plaza East condos for sale was $450,000 – this being for a 1 bedroom 1 bathroom unit of 1500 square feet with a square foot price of $300.00
  • 2 Bedroom condo units for sale is $564,450 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $383.00 – In our last post the median for 2 Bedroom condo units for sale was higher at $577,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $357.00
  • 3 Bedroom condo unit for sale is $762,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a list price to square foot price of $392.00 – In our last post the median for 3 bedroom condos was the same at $762,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a list price to square foot price of $392.00
View 2 bedroom Galt Ocean Mile condo for sale Plaza East Fort Lauderdale
View 2 bedroom Galt Ocean Mile condo for sale Plaza East Fort Lauderdale

Plaza East Condos
New Listings

There has been 1 new listing of a Plaza East Galt Ocean Mile condo for sale over the last 30 days – In our last post there were no new listings over the prior 30 days.

BEDS / BATHS LA LP$
Unit 9D 2 / 2 1450 $549,900

We can see from this report that Unit 9D a 2 bedroom condo has just been listed for sale for $549,900this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $379.00

Unit 9D offers stunning sunrises from the very large balcony off the living/dining room and stunning sunsets from the balcony off the bedrooms.

The unit has over sized windows.  This very large 2nd bedroom needs refreshing to be magnificent!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

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

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo pending sale Plaza East Unit 9B
View Galt Ocean Mile condo pending sale Plaza East Unit 9B

Plaza East Condos
Pending Sales

There are currently 2 x Plaza East Galt Ocean Mile condos under contact and pending sale

Our market analysis report for these 2 units is presented below

BEDS / BATHS LA LP$
Unit 9B 2 / 2 1650 $648,000
Unit PH E 1 / 1 1500 $450,000

We can see from this report that :

Unit 9B a 2 bedroom Plaza East condo listed for sale for $648,000 is now pending salethis 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $393.00

Unit 9B is an immaculate high-end remodeled Galt Ocean Mile condo with beautiful Saturnia marble floors, hurricane impact windows, custom draperies in bedrooms, updated bathrooms and an updated kitchen.

 Unit Penthouse E a 1 bedroom Plaza East condo listed for sale for $450,000 is now pending sale – this 1 bedroom 1 bathroom 1500 square foot unit has a list price to square foot price of $300.00

Penthhouse E offers unobstructed “forever ocean views” of the azure Atlantic and sweeping Intracoastal views at your feet!   This Galt Ocean Mile condo has an extra deep oceanfront balcony for entertaining and an over-sized master bedroom plus the possibility of a second bedroom/den!

Recent Sales – Last 6 Months

There have been 8 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – this is down from 11 sales as in our last post for February / March 2018!

The market summary report for these 8 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1320 $375,000
Max 3 / 2 2400 $705,000
Avg 2 / 2 1757 $554,062
Median 2 / 2 1870 $572,500

We can see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $554,062 – this being for a 2 bedroom 2 bathroom unit of 1757 square feet!

We can also see that the median sales price for a Plaza East condo sold over the last 6 months has  been $572,500this being for a 2 bedroom 2 bathroom unit of 1870 square feet

It is important to note that the median is down from our last 2 posts!

In our last post the median sales price for a Plaza East condo sold over the preceding 6 months was $595,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet

In our prior post the median sales price for a Plaza East condo sold over the preceding 6 months was higher at at $635,000 – this being for a 2 bedroom 2 bathroom unit of 1625 square feet!

Plaza East Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza East Galt Ocean Mile condos sold over the last 6 months showing median sales prices by Bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1320 $450,000 $341.00
2 / 2 1870 $572,500 $297.00
3 / 2 2400 $705,000 $294.00

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

  • 1 Bedroom condo units sold is $450,000 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a sales price to square foot price of $341.00 – In our last post the median for 1 bedroom condo units sold was the same at $450,000 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a sales price to square foot price of $341.00
  • 2 Bedroom condo units sold is $575,200 – this being based on a 2 bedroom 2 bathroom unit of 1870 square feet with a sales price to square foot price of $297.00 – In our last post the median for 2 bedroom condo units sold was $575,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $297.00
  • 3 Bedroom condo units sold is $705,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $294.00 – In our last post the median for 3 bedroom condo units sold was higher at $718,750 – this being based on a 3 bedroom 2 bathroom unit of 2215 square feet with a sales price to square foot price of $327.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Plaza East Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $242.00
Max $394.00
Avg $310.00
Median $297.00

We can see from this report that the median sales price to square foot price paid for a Plaza East condo sold over the last 6 months has been $297.00 per square foot – this is well down from $351.00 in our last post!

Important to note is the highest price paid at $394.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza East 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 91%
Max 98%
Avg 95%
Median 95%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 95% – the same as in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza East is listed at $550,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $522,500 – based on MLS Data!

Days on Market

Days on market for Plaza East Galt Ocean Mile condos for sale is an important indicator on how strong demand is for 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 1
Max 156
Avg 90
Median 90

We can see from this report that BOTH the average days and median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 90 days or just 3 months

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

Beach views Plaza East 4300 N Ocean Blvd Fort Lauderdale
Look at these great beach views from Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condo Sales Itemized

Here is the data for each of the Plaza East Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 12A 3 / 2 2400 $705,000
Unit 11B 2 / 2 1450 $655,000
Unit 16N 2 / 2 1650 $650,000
Unit 5G 2 / 2 1870 $590,000
Unit 18G 2 / 2 1870 $555,000
Unit 7G 2 / 2 1870 $452,500
Unit 16E 1 / 1 1320 $450,000
Unit 2F 2 / 1 1320 $375,000

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 12 A a 3 bedroom condo which sold for $705,000

Unit 12 A was a 3 bedroom 2 bathroom 2400 square foot unit and sold for $294.00 per square foot.

This Plaza East condo sold for 97% of list and had 156 days on market or just over 5 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza East Galt Ocean Mile condos are units in a great direct oceanfront condominium here on the famous Galt Ocean Mile.

I am again pleased to report that sales activity here in Plaza East has remained strong with 10 units sold over the last 6 months…

However median sales prices have softened over the last few months!

If your looking for a great oceanfront complex to call “home” then I highly recommend looking at Plaza East Galt Ocean Mile Condos!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale here in Plaza East  – Kevin Wirth Realtor-+