View Caribe condo 4050 N Ocean Drive Lauderdale by the Sea

Caribe Condos

Caribe Inc Broward County
Lauderdale by the Sea

Welcome to our May 2019 / June 2019 post on condos in Caribe Inc Broward County condominium complex in 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 just 2 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea

There has been 9 closed sales over the last 6 months and 2 units are under contract and 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 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 Inc of Broward County
Lauderdale by the Sea – 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 $299,900 – $479,900
  • Median List Price $389,900
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 12 Months $200,000
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $300.00
  • Sales Price to List Price 95%
  • Days on Market 69 Days
View 2 bedroom Carobie condo for sale 4050 N Ocean Drive Lauderdale by the Sea
View 2 bedroom Carobie condo for sale 4050 N Ocean Drive Lauderdale by the Sea

Caribe Inc of Broward County
Co-op Units for Sale

Currently there are just 2 condos for sale in Caribe Inc Broward County in Lauderdale by the Sea that are for sale – both of these being 2 bedroom units!

It is important to note that the number of units for sale is well down from our last post when we had 6 units for sale!

Our market summary report for these 2 units for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 880 $299,900
Max 2 / 2 880 $479,900
Median 2 / 2 880 $389,900

We can see from the market report that the median price for a Caribe condo for sale is 389,900 – this being for a 2 bedroom 2 bathroom 880 square foot unit!

Caribe Inc of Broward County
Unit Prices by Bedroom

Here is our market summary report for Caribe Inc Broward County showing median list prices by bedroom

We then compare these prices to our last report.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 880 $389,900 $443.00

We can see from this report that:

There are currently no 1 Bedroom Caribe condos Lauderale by the Sea for sale.  However in our last post the median price for 1 bedroom Caribe condos for sale was $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 $389,9000this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $443.00.  In our last post the median price for 2 Bedroom Caribe condos Lauderdale by the Sea for sale was higher at $397,450 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $452.00.

Caribe Inc of Broward County
New Listings

There have been no new listings of condos for sale Caribe Inc of Broward County Lauderdale by the Sea over the last 30 days. 


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
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View condo pending sale Caribe 4050 N Ocean Drive Lauderdale by the Sea - Unit 703
View condo pending sale Caribe 4050 N Ocean Drive Lauderdale by the Sea – Unit 703

Caribe Inc of Broward County
Condos Pending Sale

There are currently 2 x units pending sale in Caribe Inc of Broward County in Lauderdale by the Sea / Fort Lauderdale

Our market analysis report for these 2 units is presented below

CONDO BEDS / BATHS LA LP$
Unit 210 2 / 2 880 $310,000
Unit 703 1 / 1 660 $229,000

We can see from this report that:

Unit 210 a 2 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $310,000 is now pending sale –  this 2 bedroom 2 bathroom 880 square foot unit has a list price to square foot price of $352.00

Unit 210 is a corner unit with spectacular ocean views from all rooms. This condo was recently renovated and features: stainless steel appliances in kitchen with Caesar-stone countertops.   There is new wood tile though-out with carpet only in the master bedroom. Impact windows were also recently installed.

Unit 703 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $229,900 is also now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $347.00

Unit 703 offers wide open ocean views!   This condo has been tastefully renovated with an enlarged kitchen with extra cabinets, granite and stainless steel appliances, (the oven has never been used).  The unit features marble in the bathroom and a walk in shower.  There are plantation shutters and impact windows and doors!

View Caribe 4050 N Ocean Drive Fort Lauderdale condo recently sold
Great views from Caribe 4050 N Ocean Drive Fort Lauderdale condo recently sold

Caribe Inc of Broward County
Sales Last 6 Months

There have been 9 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 Months.

The market analysis report for these 9 condo units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $143,000
Max 2 / 2 880 $390,000
Avg 1 / 1 691 $213,083
Median 1 / 1 660 $200,000

We can see from this report that the average sales price for a condo sold here in Caribe Inc Lauderdale by the Sea over the last 6 months has been $213,083 – this being for a 1 bedroom 1 bathroom condo of 691 square feet

We can also see from this report that the median sales price for a condo sold here in Caribe Inc Lauderdale by the Sea over the last 6 months has been $200,000 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $273.00
Max $443.00
Avg $320.00
Median $300.00

We can see from this report that the median sales price to square foot price was $300.00 per square foot – up 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 $443.00!

% 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 84%
Max 96%
Avg 93%
Median 95%

We can see from this report that sales price to list price for Caribe condos sold over the last 6 months was 95% 

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 95% of that amount or $209,000 – 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 29
Max 310
Avg 110
Median 69

We can see from this report that the median days on market for Caribe Inc Fort Lauderdale condos sold has been 69 days – or just under 10 weeks!

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

CONDO BEDS / BATHS LA SP$
Unit 810 2 / 2 880 $390,000
Unit 1408 1 / 1 660 $215,000
Unit 807 1 / 1 660 $211,250
Unit 1706 1 / 1 660 $210,000
Unit 308 1 / 1 660 $200,000
Unit 705 1 / 1 660 $185,000
Unit 607 1 / 1 660 $183,500
Unit 507 1 / 1 660 $180,000
Unit 306 1 / 1 660 $143,000

We can see from this report that the highest sale over the last 6 months was for Unit 810 a 2 bedroom Caribe Inc condo that sold for $390,000 – This 2 bedroom 2 bathroom 880 square foot unit had a sales price to square foot price of $443.00

Unit 810 sold for 87% of list price and had 69 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 limited range of condos for sale with 2 units for sale – both of these being 2 bedroom units!

I am pleased to report however that sales activity has however been very strong over the last 6 months with 9 units sold and 2 units now under contract and pending sale!

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

Kevin Wirth Fort Lauderdale Realtor