View Galt Ocean Mile condo for sale Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms Condos

Edgewater Arms
Fort Lauderdale

Welcome to our December 2019 / January 2020 post on Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale

Fort Lauderdale condos for sale here in Edgewater Arms are absolute direct oceanfront units.  

The complex is one of the Iconic Galt Ocean Mile condominiums and is set literally right on the beach at the ocean’s edge.

Search Edgewater Arms Condos for Sale

 

There is currently just 1 condos for sale in this complex.

2 units are currently pending sale and there have been 3 sales of Galt Ocean Mile condos in this complex 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 Edgewater Arms – Important information for both buyers and sellers!

Edgewater Arms
Galt Ocean Mile  – Key Statistics
Edgewater Arms Condominium complex Fort Lauderdale, Florida
Address: 3600 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • 1 Units Currently for Sale
  • List Price $435,000
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 6 Months

  • Sales Prices from $240,000 – $410,000
  • Median Sales Price to Sq Ft Price $293.00
  • Median Sales Price to List Price 96%
  • Median Days on Market 42 Days
View Galt Ocean Mile condo Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Condos for Sale

Currently there is just 1 x Edgewater Arms Galt Ocean Mile condo for sale Fort Lauderdale – This is down from 2 units for sale as in our last post for October 2019 / November 2019

Our market analysis report for this unit is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,155 $435,000 $377.00

We can see from this report that a 2 bedroom Edgewater Arms condo is currently for sale for $435,000 – this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $377.00

In our last post there were 2 x 2 bedroom units for sale and the median price for the Edgewater Arms condos for sale was lower at $402,000 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

View Galt Ocean Mile condo just listed for sale Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale Unit 6C
Galt Ocean Mile condo just listed for sale Edgewater Arms 3600 Galt Ocean Drive Unit 6C

New Listings – Last 30 Days

There has been 1 new listing of Edgewater Arms Galt Ocean Mile condos for sale over the last 30 days – this is for the unit above.

Our Market Analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 6C 2 / 2 1,155 $435,000

We can see from this report that Unit 6C the 2 bedroom units was just listed for $435,000.

Unit 6C is a fabulous beachfront 2 bedroom / 2 bathroom unit in Edgewater Arms with beautiful ocean views – see the photo above!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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

View Galt Ocean Mile condo pending sale Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale Unit 8F
View Galt Ocean Mile condo pending sale Edgewater Arms 3600 Galt Ocean Drive Unit 8F

Edgewater Arms
Pending Sales

There are currently 2 units under contract and pending sale – in our last post there was 1 unit pending sale – Unit 6B a 1 bedroom 1 bathroom condo.

Our Market Analysis report for these 2 units  is presented below

BEDS / BATHS LA LP$
Unit 8F 2 / 2 1,346 $475,000
Unit 8C 2 / 2 1,400 $379,000

We can see from this report that:

Edgewater Arms condo unit 8F listed for sale for $475,000 is now under contract and is pending salethis 2 bedroom 2 bathroom 1,346 square foot unit has a list price to square foot price of $353.00

Unit 8F is an updated corner residence with large wide impact windows and sliders that maximize the pictureque views of the Atlantic ocean! 

The property features include: updated kitchen and master bathroom, neutraltile though-out, crown molding, custom fitted master closet, over-sized balcony with impact hurricane sliders. 

This Galt Ocean Mile condo’s guest bedroom is open but can easily be converted back!

Edgewater Arms condo unit 8C listed for sale for $379,000 is now under contract and is pending salethis 2 bedroom 2 bathroom 1,400 square foot unit has a list price to square foot price of $271.00

Unit 8C is turnkey and ready for you to occupy!

The property is light and bright, has been remodeled and features impact windows

This Galt Ocean Mile condo offers both ocean and city views and you will love the sunrises and sunsets!

View Galt Ocean Mile condo pending sale Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale 8C
View Galt Ocean Mile condo pending sale Edgewater Arms 3600 Galt Ocean Drive Unit 8C

Edgewater Arms
Sales Last 6 Months

There have been 3 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months – this is up from the 2 sales over the preceeding 6 months as in our prior post!

Our market summary report for these 3 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 809 $240,000
Max 2 / 2 1,400 $410,000
Avg 2 / 2 1,170 $316,667
Median 2 / 2 1,300 $300,000

We can see from this report that the median price for one of the three Edgewater Arms condos sold over the last 6 months has been $300,000 – this being for a 2 bedroom 2 bathroom 1300 square foot unit!

We can also see that there has been a mix of 1 & 2 bedroom units sold – so we review the median prices for both 1 & 2 bedroom units below

View Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale Unit 11A
View Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive Unit 11A

Median Sales Prices
By Bedroom

Here is our market summary report showing the median sales price for Galt Ocean Mile condos sold here in Edgewater Arms over the last 6 Months by bedroom

BEDS / BATHS LA LP$ SP$/SqFt
1 / 1 809 $249,900 $297.00
2 / 2 1,350 $387,450 $262.00

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

1 Bedroom Edgewater Arms condos sold over the last 6 months has been $249,900this being for a 1 bedroom 1 bathroom 809 square foot unit with a sales price to square foot price of $297.00

2 Bedroom Edgewater Arms condos sold over the last 6 months has been $387,450this being for a 2 bedroom 2 bathroom 1350 square foot unit with a sales price to square foot price of $262.00

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $231.00
Max $297.00
Avg $273.00
Median $293.00

We can see from this report that the median sales price to square foot price paid for the one of the Edgewater Arms condo sold over the last 6 months has been $293.00 – up from $237.00 as in our last post!

We can also see from this report that the highest sales price to square price paid over the last 6 months has been $297.00

% 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 Edgewater Arms – 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 86%
Max 97%
Avg 93%
Median 96%

We can see from this report that the median sales price to list price for one of the Galt Ocean Mile condos sold in Edgewater Arms over the last 6 months was 96%

This means if a Fort Lauderdale condo for sale here in Edgewater Arms is listed at $550,000 – then based on median sales data the condo could be expected to sell based on past sales for 94% of list price or $528,000.

Days on Market

Days on market for Edgewater Arms Galt Ocean Mile condos for sale is an important indicator on how strong demand is for Fort Lauderdale oceanfront 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 33
Max 98
Avg 58
Median 42

We can see from this report that the median days on market for condos sold in Edgewater Arms was 42 days – this is down from 61 days or just over 2 months 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 Galt Ocean Mile condominium Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Units Sold – Last 6 Months

Here is our market analysis report showing the details for Edgewater Arms Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 11A 2 / 2 1,400 $410,000
Unit 11C 2 / 2 1,300 $300,000
Unit 6B 1 / 1 809 $240,000

We can also see from this report the details for both units sold.

We can also see the most expensive sale which was for Unit 11A a 2 bedroom unit which sold for $410,000 – this being a 2 bedroom 2 bathroom 1400 square foot condo.

Unit 11A had a sales price to square foot price of $293.00

Unit 11A had 98 days on market and sold for 96.5% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Edgewater Arms Galt Ocean Mile condos are units set in a truly an iconic Fort Lauderdale condominium set right on the sand here on Galt Ocean Mile.

Currently we have just 1 unit for sale.

Over the last 6 months we have had a real shortage of inventory – with just one to two units for sale at any one time!

This tends to be how things go in Edgewater Arms – it is either feast or famine…. 

I hope you have enjoyed this post on Fort Lauderdale condos for sale here in Edgewater Arms – by Kevin Wirth Realtor.