View Plaza South Galt Ocean Mile condos for sale 4280 Galt Ocean Dr, Fort Lauderdale Florida

Plaza South Condos

Plaza South
Galt Ocean Mile Condos

Welcome to our February / March 2018 post on Plaza South Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale in Plaza South are set right on the beach here on Galt Ocean Mile.

The Plaza South complex has 336 condo units.

 

Search Plaza South Condos for Sale

 

Currently there are just 1 Galt Ocean Mile condo for sale here in Plaza South – a 3 bedroom unit!

There have been 4 sales of condos here in 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 Plaza South – Important information for both buyers and sellers!

Plaza South
Galt Ocean Mile – Key Statistics
Plaza South Condo Association Fort Lauderdale, Florida
Address: 4280 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • 1 Units for Sale @ $729,000
    – 3 Bedroom 3 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $487,500
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $315.00
  • Sales to List Price 94%
  • Days on Market 50 Days
View Plaza South 4280 Galt Ocean Drive Fort Lauderdale Florida
View Plaza South 4280 Galt Ocean Drive Fort Lauderdale Florida

Plaza South
Condos for Sale

There are currently just 1 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is down from 2 x Plaza South condos for sale as in our last post for December 2017 / January 2018

Our market analysis report for the one condo for sale is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
3 / 3 2600 $729,000 $280.00

We can see from our report that Unit 4F a 3 bedroom condo is offered for sale for $729,000 – this 3 bedroom 3 bathroom 2600 square foot unit with a list price to square foot price of $280.00

This unit is back on the market and with drastic new reduction for immediate sale!

This is  a completely renovated ocean front corner condo located in sought after Plaza South.  The unit features: gourmet kitchen with granite counter top, marble floors, stunning bathrooms. no expenses spared! semi private elevator to the entrance. huge balcony, impact windows, washer and dryer in the apartment. easy to show. motivated seller

Plaza South
New Listings

There have been no new listing of a Plaza South Galt Ocean Mile condos for sale over the last 30 days– this is the same as in our last post!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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View Galt Ocean Mile New Listings

View Plaza South Galt Ocean Mile Condos Unit pending sale Unit 6P
View Plaza South Galt Ocean Mile Condos Unit pending sale Unit 6P

Plaza South Condos
Pending Sales

There are currently 2 x Plaza South Galt Ocean Mile condos pending sale!

In our last 2 posts there were no units pending sale!

Our market analysis report for these units is presented below

CONDO BEDS / BATHS LA LP$
Unit 6P 3 / 2 2500 $1,100,000
Unit 10N 2 / 2 1650 $565,000

We can see from this report that:

Unit 6P a 3 bedroom Plaza South condo offered for sale for $1,100,000 is now pending salethis 3 bedroom 2 bathroom 2500 square foot unit had a list price to square foot price of $440.00

This Galt Ocean Mile condo is a rarely available and highly desirable corner unit with breathtaking ocean views.

This unit offers a semi private elevator and an ideal floor plan along with the finest details including crown molding, a built in Murphy bed/office, surround sound system. There is imported stone and marble in the kitchen, bathrooms floors and counters. 

Unit 6P a 3 bedroom Plaza South condo offered for sale for $1,100,000 is now pending salethis 3 bedroom 2 bathroom 2500 square foot unit had a list price to square foot price of $440.00

This Galt Ocean Mile condo is an immaculate unit with gorgeous ocean views from every room.

This unit offersopen kitchen with Stainless Steel appliances, granite counter tops and a breakfast nook.  There are updated bathrooms, a walk-in California closet in master bedroom and New A/C.

Ocean views Plaza South Galt Ocean Mile condos for sale Fort Lauderdale
Ocean views Plaza South Galt Ocean Mile condos for sale Fort Lauderdale

Plaza South Sales
Last 6 Months

There has been just 4 x Plaza South Galt Ocean Mile condos sold over the last 6 months – all of these have been for 2 bedroom units!

There were 3 sales over the preceding 6 months as in our post for December 2017 / January 2018 and 5 sales over the preceding 6 months as in our post for October / November 2017!

The market analysis report for these 4 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1450 $475,000
Max 2 / 2 1650 $520,000
Avg 2 / 2 1583 $492,500
Median 2 / 2 1650 $487,500

We can see from this report that the average price for a unit sold over the last 6 months has been $492,500 and the median has been $487,500 – down from our last post!

In our last report for December 2017 / January 2018 the average price for a unit sold was $498,333 and the median has been $495,000

Both the average and median prices in this and our last report are based on 2 bedroom 2 bathroom units.

Pool views Plaza South Galt Ocean Mile condo Fort Lauderdale
Pool views Plaza South Galt Ocean Mile condo Fort Lauderdale

Plaza South Sales
Prices by Bedroom

Here is our market summary report showing the median sales prices for Plaza South Galt Ocean Mile condos sold over the last 6 months by Bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1650 $487,500 $315.00

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

  • There have been no 1 bedroom Plaza South condos sold over the last 6 months based on MLS data In our last post when there were sales – the median sales price for 1 bedroom Plaza South condos sold was $350,000 – this being for a 1 bedroom 1 bathroom 1450 square foot unit with a sales price to square foot price of $242.00
  • 2 bedroom Plaza South condos sold is $487,500 – this being for a 2 bedroom 2 bathroom unit of 1650 square foot unit with a sales price to square foot price of $315.00 – In our last post the median sales price for 2 bedroom Plaza South condos sold was higher at $495,000 – this being for a 2 bedroom 2 bathroom unit of 1650 square foot unit with a sales price to square foot price of $315.00
  • There have been no 3 bedroom Plaza South condos sold over the last 6 months based on MLS data In our last post the median sales price for 3 bedroom Plaza South condos sold was $1,000,000 – this being for a 3 bedroom 3 bathroom unit of 2400 square foot unit with a sales price to square foot price of $417.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Plaza South Galt Ocean Mile over the last 6 months

SP$/SqFt
Min $300.00
Max $331.00
Avg $315.00
Median $315.00

We can see from this report that the median sales price to square foot price paid for a Plaza South condo sold over the last 6 months has been $315.00 per square foot – this is the same as in our last post!

While the median is the same as in our last post – it is important to note that it is up from our prior 2 posts when it was $300.00 per square foot!

It is also important to note the highest sales price to square foot price paid at $331.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza South 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 89%
Max 97%
Avg 94%
Median 94%

We can see from this report that BOTH the average and median sales price to list price paid over the last 6 months has been 94%

This means if a Fort Lauderdale condo for sale here in Plaza South is listed at $500,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $470,000.

It is important to note that this is up from 93% in our last post which in turn was up from 92% in our last post! 

Days on Market

Days on market for Plaza South Galt Ocean Mile condos is also an important indicator on how strong demand is for Fort Lauderdale 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 7
Max 93
Avg 50
Median 50

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 50 days – up from 27 days as 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 Plaza South 4280 Galt Ocean Drive Fort Lauderdale
Aerial view Plaza South 4280 Galt Ocean Drive Fort Lauderdale – taken from Galt Mile

Plaza South
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Plaza South Galt Ocean Mile.

CONDO BEDS / BATHS LA SP$
Unit 15N 2 / 2 1650 $520000
Unit 9M 2 / 2 1650 $495000
Unit 4G 2 / 2 1450 $480000
Unit 16L 2 / 2 1650 $475000

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 15N a 2 bedroom Galt Ocean Mile condo which sold for $520,000 – This 2 bedroom 2 bathroom 1650 unit had a sales price to square foot price of $315.00 and had 73 days on market!

Unit 15N sold for 93% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza South Galt Ocean Mile is a great “direct oceanfront” complex set here on the beach at Galt Mile!

As I commented in my last post we currently have a VERY low level of inventory with just 1 unit for sale!

We have had good sales given such low levels of inventory – with 4 units sold and 2 units now pending sale!

If your currently looking at Fort Lauderdale direct oceanfront condos for sale – I highly recommend viewing units in this great Galt Ocean Mile complex, 

I hope you have enjoyed reading my post on Plaza South and Plaza South condos for sale – by Kevin Wirth Realtor