View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea in Fort Lauderdale

Caribe Condos

Caribe Condos
Lauderdale by the Sea
2020 Pricing Guide

Welcome to our August 2020 / September 2020 pricing guide for Caribe Condos Lauderdale by the Sea, 4050 N Ocean Drive, Lauderdale by the Sea, Florida

Caribe is a direct oceanfront co-op set right on the beachfront here at the end of the famous Galt Ocean Mile

There are currently 9 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea – all 1 bedroom units! 

There has been just 2 closed sales 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 %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Caribe – Important information for both buyers and sellers!

View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Fort Lauderdale
Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea, Fort Lauderdale

Caribe Condos
Lauderdale by the Sea
2020 Key Statistics

Caribe Inc of Broward County

Condominium complex in Lauderdale-by-the-Sea, Florida

Address: 4050 N Ocean Dr, Fort Lauderdale, FL 33308

Phone: (954) 776-4190

  • Prices Range from $215,000 – $275,000
  • Median List Price $239,900
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $234,950
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $356.00
  • Sales Price to List Price 96%
  • Days on Market 71 Days
View 1 bedroom Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea
View 1 bedroom Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea

Caribe Condos
Lauderdale by the Sea
Units for Sale

Currently there are 9 x Caribe Condos Lauderdale by the Sea for sale – all of which are 1 bedroom units!

This is up from our last post for June 2020 / July 2020 when we had 7 units for sale!

Our market summary report for these 9 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $215,000
Max 1 / 1 660 $275,000
Avg 1 / 1 660 $242,311
Median 1 / 1 660 $239,900

We can see from the market report that the average price for one of the Caribe condos Lauderdale by the Sea currently for sale is $242,311 – this being for a 1 bedroom 1 bathroom 660 square foot unit!

We can also see from the market report that the median price for a Caribe condo for sale is $239,900 – this being for a 1 bedroom 1 bathroom 660 square foot unit – up slightly from our last post!

In our last post the median price for a Caribe condo for sale over the preceding 6 months was ever so slightly lower at $239,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit

Caribe Condos
Lauderdale by the Sea
Prices by Bedroom

Here is our market summary report for Caribe condos Lauderdale by the Sea by bedroom.

We then compare these prices to our last report.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 660 $215,000 $326.00

We can see from this report that:

1 Bedroom Caribe condos Lauderdale by the Sea for sale is $215,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $326.00 – In our ast post the median list price for 1 bedroom Caribe condos for sale was higher at $239,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $362.00

There are currently no 2 Bedroom Caribe condos Lauderdale by the Sea for sale In the last post when 2 bedroom units were for sale the median price for 2 Bedroom Caribe condos Lauderdale by the Sea for sale was $459,000 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $522.00. 

Caribe Condos
New Listings

There have been no new listings of Caribe Fort Lauderdale condos over the last 30 days!

This is well down from our last post when we had 5 new listings – all of which were 1 bedroom units!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea
View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea, Ft Lauderdale

Caribe Lauderdale by the Sea
Condos Currently Pending Sale

There are currently no units pending sale here in Caribe Lauderdale by the Sea / Fort Lauderdale – In our last post there were also no units pending sale!

Caribe Condos
Lauderdale by the Sea
Last 6 Months Sales

There have been just 2 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 Months

This is well down from 3 sales over the last 6 months as in our last post and 6 sales of Caribe condos over the preceding 6 months as in our prior post!

The market analysis report for these 2 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $210,000
Max 1 / 1 660 $259,900
Avg 1 / 1 660 $234,950
Median 1 / 1 660 $234,950

We can see from this report that the median sales price for one of the 2 X Caribe condos Lauderdale by the Sea sold over the last 6 months has been $234,950 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

In our prior post the median sales price for a condo sold here in Caribe Lauderdale by the Sea over the preceding 6 months was higher at $259,900 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

Pool view Galt Ocean Mile condo Caribe 4050 N Ocean Drive Fort Lauderdale
Pool view Galt Ocean Mile condo Caribe 4050 N Ocean Drive Fort Lauderdale

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for units in Caribe Lauderdale by the Sea over the last 6 months.

SP$/SqFt
Min $318.00
Max $394.00
Avg $356.00
Median $356.00

We can see from this report that the median sales price to square foot price was $356.00 per square foot – up from $318.00 in our last post!

It is also important to note the highest square foot price paid for a Caribe condo over the last 6 months at $394.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Caribe Inc of Broward County – 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 92%
Max 100%
Avg 96%
Median 96%

We can see from this report that sales price to list price for Caribe condos sold over the last 6 months was 96% – this is well up from 92% as in our last post! 

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $225,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $216,000 – based on median MLS data!

Days on Market

Days on market for units in Caribe Inc of Broward County in Lauderdale by the Sea is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this coop.

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

DOM
Min 5
Max 138
Avg 72
Median 71

We can see from this report that the median days on market for Caribe Inc Fort Lauderdale condos sold has been 71 days or just over 10 weeks – this well up from just 10 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.

Caribe Inc of Broward County
Recent Sales Itemized

Here is the data for each of the condos sold in Caribe Inc Broward County Lauderdale by the Sea sold over the last 6 months

BEDS / BATHS LA SP$
Unit 1006 1 / 1 660 $259,900
Unit 309 1 / 1 660 $210,000

We can see from this report that:

Unit 1006 a 1 bedroom Caribe Inc condo that sold for $259,900 – This 1 bedroom 1 bathroom 660 square foot unit had a sales price to square foot price of $394.00

This Galt Ocean Mile condo is a beautiful ocean view apartment! 

View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold Unit 1006
Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold #1006

No cost was spared on the renovations and the unit features: impact glass, Stainless Steel appliances, designer tiles and faucets in the kitchen and bathroom, a designer decorative accent wall and a walk in shower with glass doors.  The kitchen has custom cabinetry and double ovens! 

Unit 1006 sold for 100% of list price and had just 5 days on market!

Unit 309 a 1 bedroom Caribe Inc condo that sold for $210,000 – This 1 bedroom 1 bathroom 660 square foot unit had a sales price to square foot price of $318.00

This Galt Ocean Mile condo offers a direct ocean view and is all updated.

View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold Unit 309
Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold # 309


The unit is “turn key” and features: hurricane windows and doors with phantom screens, gorgeous new Italian porcelain floors through out, a brand new A/C and electric service panel and a new bath! 

Unit 309 sold for 92% of list price and had 138 days on market or just over 4.5 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Caribe Inc of Broward County in Lauderdale by the Sea offers units in a great direct oceanfront coop here at the end of Galt Ocean Mile Fort Lauderdale.

We currently have an excellent range of 1 bedroom condos for sale with 9 units for sale!

Sales activity has continued to be slow over the last few months due to the Coronavirus – however I am pleased to report buyer activity on Galt Ocean Mile is on the rise!

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

Kevin Wirth Fort Lauderdale Realtor