View Caribe condos Lauderdale by the Sea 4050 N Ocean Drive Fort Lauderdale

Caribe Condos

Caribe Condos
Lauderdale by the Sea
2020 Pricing Guide

Welcome to our January 2020 / February 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 6 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea – 2 of which are new listings.

There has been 4 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!

Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea
Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea

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 $219,900 – $459,000
  • Median List Price $244,450
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $201,250
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $310.00
  • Sales Price to List Price 93%
  • Days on Market 32 Days
View 2 bedroom Caribe condo for sale 4050 N Ocean Drive Lauderdale by the Sea
View 2 bedroom Caribe condo for sale 4050 N Ocean Drive Lauderdale by the Sea

Caribe Condos
Lauderdale by the Sea
Units for Sale

Currently there are 6 x Caribe Condos Lauderdale by the Sea for sale – It is important to note that the number of units for sale is up from our last post when we had 2 units for sale!

Our market summary report for these 6 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $219,900
Max 2 / 2 880 $459,000
Avg 1 / 1 733 $282,633
Median 1 / 1 660 $244,450

We can see from the market report that the median price for one of the Caribe condos Lauderdale by the Sea currently for sale is $244,450 – 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 $244,450 – this being for a 1 bedroom 1 bathroom 660 square foot unit!

In our last post the median price for a Caribe condo for sale is $389,900 – this being for a 2 bedroom 2 bathroom 880 square foot unit!

View 2 Bedroom Caribe condo Lauderdale by the Sea 4050 N Ocean Drive
View 2 Bedroom Caribe condo Lauderdale by the Sea 4050 N Ocean Drive, Fort Lauderdale

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 $229,000 $347.00
2 / 2 880 $379,000 $431.00

We can see from this report that:

1 Bedroom Caribe condos Lauderdale by the Sea for sale is $229,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $347.00 – There were no 1 bedroom units for sale in our last post – However in our prior post the median list price for 1 bedroom Caribe condos for sale was lower at $203,500this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $308.00

2 Bedroom Caribe condos Lauderdale by the Sea for sale is $379,000 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $431.00.  In our last post the median price for 2 Bedroom Caribe condos Lauderdale by the Sea for sale was $389,900 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $443.00.

View Caribe condos Lauderdale by the Sea 4050 N Ocean Drive just listed for sale Unit 1101
View Caribe condos Lauderdale by the Sea 4050 N Ocean Drive just listed for sale Unit 1101

Caribe Condos
New Listings

There have been 2 new listings of Caribe Lauderdale by the Sea condos over the last 30 days. 

Our market analysis report for these new listings is presented below:

BEDS / BATHS LA LP$
Unit 1101 2 / 2 880 $299,000
Unit 1006 1 / 1 660 $259,900

We can see from this report that:

Unit 1101 a 2 Bedroom Caribe Lauderdale by the Sea condo has just been listed for sale for $299,000 – this 2 bedroom 2 bathroom 880 square foot unit has a list price to square foot price of $340.00

Unit 1101 is a corner unit with a direct ocean view.  This unit is on the 11th floor and offers spectacular views from every window.

Unit 1006 a 1 Bedroom Caribe Lauderdale by the Sea condo has just been listed for sale for $259,900 – this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $394.00

Unit 1006 is a beautiful ocean view apartment! No cost has been spared on the renovations.  The unit features: Impact glass, Stainless Steel appliances, designer tiles and faucets in kitchen and bathroom, designer decorative accent wall, walk in shower with glass doors and custom cabinetry.


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

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

View Caribe condo Lauderdale by the Sea 4050 N Ocean Drive recently sold Unit 806
View Caribe condo Lauderdale by the Sea 4050 N Ocean Drive recently sold Unit 806

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 2 units were pending sale!

Caribe Condos
Lauderdale by the Sea
Last 6 Months Sales

There have been 4 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 Months all 1 bedroom units!

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

BEDS / BATHS LA SP$
Min 1 / 1 660 $190,000
Max 1 / 1 660 $224,950
Avg 1 / 1 660 $204,363
Median 1 / 1 660 $201,250

We can see from this report that the average sales price for one of the Caribe Lauderdale by the Sea condos sold over the last 6 months has been $204,363 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

We can also see from this report that the median sales price for one of the Caribe condos Lauderdale by the Sea sold over the last 6 months has been $201,250 – 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 ever so slightly lower at $200,000 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

View Caribe Lauderdale by the Sea 4050 N Ocean Drive Fort Lauderdale
Pool views Caribe Lauderdale by the Sea 4050 N Ocean Drive Fort Lauderdale, Florida

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 $288.00
Max $341.00
Avg $317.00
Median $310.00

We can see from this report that the median sales price to square foot price was $310.00 per square foot – up from $310.00 in our last post and from $284.00 per square foot as 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 $341.00!

% 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 91%
Max 100%
Avg 94%
Median 93%

We can see from this report that sales price to list price for Caribe condos sold over the last 6 months was 93% – down from 95% in our last post! 

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $220,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $204,600 – 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 13
Max 68
Avg 37
Median 32

We can see from this report that the median days on market for Caribe Inc Fort Lauderdale condos sold has been 32 days or just over a 1 month – down from 69 days or just under 10 weeks 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.

Pool views Caribe condo for sale 4050 N Ocean Drive Lauderdale by the Sea
Great pool views from this Caribe condo for sale 4050 N Ocean Drive Lauderdale by the Sea

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 806 1 / 1 660 $224,950
Unit 1009 1 / 1 660 $208,500
Unit 1103 1 / 1 660 $194,000
Unit 1708 1 / 1 660 $190,000

We can see from this report that the highest sale over the last 6 months was for Unit 806 a 2 bedroom Caribe Inc condo that sold for $224,950 – This 1 bedroom 1 bathroom 660 square foot unit had a sales price to square foot price of $341.00

Unit 806 sold for 94% of list price and had just 40 days on market!

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 a great of condos for sale with 6 units for sale – a mix of 1 and 2 bedroom units!

I am also pleased to report however that sales activity has been solid over the last 6 months with 4 units sold!

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

Kevin Wirth Fort Lauderdale Realtor