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

Edgewater Arms Condos

Edgewater Arms
Fort Lauderdale

Welcome to our October 2019 / November 2019 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 are currently 2 condos for sale in this complex both 2 bedroom units.

1 unit is currently pending sale and there have been 2 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
  • 2 Units Currently for Sale
  • Median List Price $402,000
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 6 Months

  • Unit 16A Sales Price $825,000
    – 3 Bedroom 4 Bathroom Unit
  • Unit 11C Sales Price $300,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $237.00
  • Median Sales Price to List Price 89%
  • Median Days on Market 61 Days
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
Condos for Sale

Currently there are 2 x Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – in our last post for May 2019 / June 2019 there were also just 2 units for sale.

Our market analysis report for these units is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,400 $379,000
Max 2 / 2 1,400 $425,000
Avg 2 / 2 1,400 $402,000
Median 2 / 2 1,400 $402,000

We can see from this report that 2 x 2 bedroom Galt Ocean Mile condos are currently for sale here in Edgewater Arms.

The median price for 1 of these 2 units for sale is $402,000 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

In our last post there were also 2 x 2 bedroom units for sale – the median price in our last post was $393,944 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

The most expensive condo for sale currently listed for sale for $425,000 and the lease expensive condo for sale is listed for sale for $379,000.

New Listings – Last 30 Days

There have been no new listings of Edgewater Arms Galt Ocean Mile condos for sale over the last 30 days


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 6B
View Galt Ocean Mile condo pending sale Edgewater Arms 3600 Galt Ocean Drive – Unit 6B

Edgewater Arms
Pending Sales

There is currently 1 unit under contract and pending sale – in our last post there were no units pending sale.

Our Market Analysis report for this unit  is presented below

BEDS / BATHS LA LP$
Unit 6B 1 / 1 809 $249,900

We can see from this report that a 1 bedroom unit – Unit 6B is now under contract and is pending salethis 1 bedroom 1 bathroom 809 square foot unit had a list price to square foot price of $309.00

Unit 6B is an “Immaculate” unit with a stunning direct ocean view!

The property features ceramic tile floors, enclosed patio, updates in bathroom.  This Galt Ocean Mile condo faces the pool and is overlooking the water! 

 

View 3 bedroom Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale - Unit 16A
3 bedroom Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive #16A

Edgewater Arms
Sales Last 6 Months

There have been just 2 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months – this is down from 4 sales over the last 6 months as in our prior post!

Our market summary report for these 2 sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,300 $300,000
Max 3 / 4 3,379 $825,000
Avg 3 / 3 2,340 $562,500
Median 2 / 2 2,339 $562,500

We can see from this report that the most expensive sale was for a 3 bedroom Edgewater Arms unit which sold for $825,000 and that the least expensive sale in Edgewater Arms was for a 2 bedroom unit which sold for $300,000 .

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 $244.00
Avg $237.00
Median $237.00

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 $237.00.

We can also see from this report that the highest sales price to square price paid over the last 6 months has been $244.00

% 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 92%
Avg 89%
Median 89%

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 89%

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

It is very important to note that the median is well down from the 94% as in our last post!

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 42
Max 80
Avg 61
Median 61

We can see from this report that the median days on market for condos sold in Edgewater Arms was 61 days or just over 2 months!

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 16A 3 / 4 3,379 $825,000
Unit 11C 2 / 2 1,300 $300,000

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 16A a 3 bedroom unit which sold for $825,000 – this being a 3 bedroom 4 bathroom 3379 square foot condo.

Unit 16A had a sales price to square foot price of $244.00

Unit 16A had 80 days on market and sold for 92% 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.

Over the last 6 months we have had a real shortage of inventory – with just a couple of 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.