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Fountainhead Condos

Fountainhead
Galt Ocean Mile Condos

Welcome to our December 2018 / January 2019 post on Fountainhead Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Fountainhead is a luxury direct oceanfront condominium on the beachfront here at the end of the famous Galt Ocean Mile

 

Search All Fountainhead Condos for Sale

 

There are currently  3 x Fountainhead Galt Ocean Mile condos for sale – 1 of which is a new listing.

There have been 5 closed sales over the last 6 months and 2 units are 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 Fountainhead – Important information for both buyers and sellers!

Fountainhead
Galt Ocean Mile Key Statistics
Fountainhead Condominium  
Address: 3900 N Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $400,000 – $669,000
  • Median List Price $650,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $575,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $294.00
  • Sales Price to List Price 93%
  • Days on Market 182 Days
Entrace Fountainhead condominium 3900 N Ocean Drive Fort Lauderdale
Entrace Fountainhead condominium 3900 N Ocean Drive Fort Lauderdale

Fountainhead Condos for Sale
Market Report

There are currently 3 x Fountainhead Galt Ocean Mile condos for sale this is up from 2 x Fountainhead Condos for Sale as in our post for October / November 2018

Our market analysis report for these 3 x Galt Ocean Mile condos currently for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,450 $400,000
Max 2 / 2 1,870 $669,000
Avg 2 / 2 1,707 $573,000
Median 2 / 2 1,800 $650,000

We can see from this report that the median price for a Fountainhead condo for sale is $650,000 this being for a 2 bedroom 2 bathroom unit of 1800 square feet

It is important to note that the current median list price for a Fountainhead condo for sale is well up from our last 2 posts!

In our last post for October / November 2018 the median price for a luxury condo was median price for a Fountainhead condo for sale was $569,500 – this being for a 2 bedroom 2 bathroom unit of 1765 square feet

In our prior post for August / September 2018 the median price for a luxury condo was median price for a Fountainhead condo for sale was $562,225 – this being for a 2 bedroom 2 bathroom unit of 1868 square feet


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

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Fountainhead Condos for Sale
Prices by Bedroom

Here is our market summary report showing median prices for Fountainhead Galt Ocean Mile condos for sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,450 $400,000 $276.00
2 / 2 1,835 $659,500 $360.00

We can from this report that for :

  • 1 bedroom Fountainhead condos for the sale the median list price is $400,000 this being for a 1 bedroom 1 bathroom 1450 square foot unit with a list price to square foot price of $276.00 – In our last post there were no 1 bedroom Fountainhead condos for sale!
  • 2 bedroom Fountainhead condos for the sale the median list price is $659,500 this being for a 2 bedroom 2 bathroom 1835 square foot unit with a list price to square foot price of $360.00 – In our last post the median for 2 bedroom Fountainhead condos for the sale was lower at $569,500 – this being for a 2 bedroom 2 bathroom 1765 square foot unit with a list price to square foot price of $323.00
  • There are currently no 3 bedroom Fountainhead condos for sale – However in the last post when 3 bedroom units were for sale the median for 3 bedroom Fountainhead condos for the sale was $2,195,000 – this being for a 3 bedroom 4 bathroom unit of 3820 square feet with a list price to square foot price of $575.00
View Fountainhead condo 3900 N Ocean Drive Fort Lauderdale just listed for sale - Unit 9B
View Fountainhead condo 3900 N Ocean Drive Fort Lauderdale just listed for sale – Unit 9B

Fountainhead Condos
New Listings

There have been 1 new listing of a luxury Fountainhead Galt Ocean Mile condo for sale over the last 30 days

In our last post there were no new listings!

Our market analysis report for this new listing is presented below:

CONDO BEDS / BATHS LA LP$
Unit 9B 2 / 2 1,870 $650,000

We can see from this report that Unit 9B a 2 bedroom unit has just listed for sale for $650,000this 2 bedroom 2 bathroom 1870 square foot unit has a list price to square foot price of $348.00

Unit 9B offers stunning ocean views and a fantastic open floor-plan that is great for entertaining!

This Galt Ocean Mile condo for sale features: a gourmet kitchen with wood cabinetry, stainless steel appliances and granite countertops.

The condo has spacious bedrooms with ocean views, Impact windows, and a washer/dryer in the unit. 

Fountainhead Condos
Pending Sales

There are currently 2 units under contract and  pending sale here in Fountainhead Galt Ocean Mile

In our last post there were no new listings!

Our market analysis report for these 2 condos is presented below:

CONDO BEDS / BATHS LA LP$
Unit 4C 2 / 2 1,800 $525,000
Unit 12B 2 / 2 2,000 $495,000

We can see from this report that:

Unit 4 C a 2 bedroom condo listed for sale for $525,000 is now pending salethis 2 bedroom 2 bathroom 1800 square foot unit has a list price to square foot price of $292.00

This Galt Ocean Mile offers spectacular direct ocean views from the minute you enter this home!

Watch the sunrise from living room and bedrooms!

This condo features:  updated kitchen cabinets with granite, impact windows, an updated bathroom and a washer and dryer in unit

Unit 12 B a 2 bedroom condo listed for sale for $495,000 is now pending salethis 2 bedroom 2 bathroom 2000 square foot unit has a list price to square foot price of $248.00

This Galt Ocean Mile is a spacious grand ocean view unit!

This condo features: lovely crown molding throughout, an eat in kitchen, a formal dining room, a butler’s pantry and a sitting area in the master bedroom.

View luxury Galt Ocean Mile condo recently sold Fountainhead 3900 N Ocean Drive - Unit 15D & 15E
View Galt Ocean Mile condo recently sold Fountainhead 3900 N Ocean Drive – Unit 15D&E

Fountainhead Condo Sales
Last 6 Months

There has been 5 sales of Fountainhead Galt Ocean Mile condos over the last 6 Months – down from our last post! 

In our last post for October / November 2018 there had been 6 units sold over the preceding 6 months!

Our market analysis report for these 5 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,730 $485,000
Max 3 / 4 3,820 $2,050,000
Avg 2 / 3 2,299 $862,000
Median 2 / 2 1,936 $575,000

We can see from this report that the average sales price for Galt Ocean Mile condos sold here in Fountainhead over the last 6 months has been $862,000* – this being for a 2 bedroom 2 bathroom unit of 2299 square feet.

We can also see that the median sales price for condos sold here in Fountainhead over the last 6 months has been $575,000 – this being for a 2 bedroom 2 bathroom unit of 1936 square feet 

In our last post the median sales price for condos sold here in Fountainhead over the last 6 months was lower at $555,000 – this being for a 2 bedroom 2 bathroom unit of 1903 square feet 

Note: Both the average and median price in this months post reflect the sale of unit 15D & 15E a Trophy Unit which sold for $2,050,000.

Fountainhead condominium 3900 N Ocean Drive Fort Lauderdale
Aerial view Fountainhead condominium 3900 N Ocean Drive Fort Lauderdale

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale Oceanfront Condos sold in Fountainhead over the last 6 months.

SP$/SqFt
Min $269.00
Max $537.00
Avg $343.00
Median $294.00

We can see from this report that the median sales price to square foot price has been $294.00 per square foot – up from $289.00 in our last post!

It is important to note the highest square foot price paid at $537.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fountainhead Galt Ocean Mile condos for sale – 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 89%
Max 94%
Avg 92%
Median 93%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Fountainhead has been 93%  

It is important to note that this is up from 92% in our last post!

This means if a Fort Lauderdale condo for sale here in Fountainhead is listed at $600,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $558,000 – based on median MLS data!

Days on Market

Days on market for Fountainhead 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 61
Max 519
Avg 211
Median 182

We can see from this report that the average days on market is 211 days – or just over 7 months.

We can also see that the median days on market is 182 days – or just over 6 months – this is up from 147 days in our last post and 113 days in our prior post! 

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Fountainhead
Condo Sales Itemized

Here is the data for each of the 5 x Fountainhead Galt Ocean Mile condos sold over the last 6 months here in Fountainhead.

CONDO BEDS / BATHS LA SP$
Unit 15D&E 3 / 4 3,820 $2,050,000
Unit 7A 3 / 3 2,210 $650,000
Unit 17C 2 / 2 1,936 $550,000
Unit 14F 2 / 2 1,730 $575,000
Unit 2C 2 / 2 1,800 $485,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for Unit 15D & 15E a 3 bedroom condo which sold for $2,050,000.

This 3 bedroom 2 bathroom 3820 square foot unit has a sales price to square foot price of $537.00

This condo sold for 90% of list price and had just 61 days on market or just over 2 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Fountainhead Galt Ocean Mile condos are unit set in a great direct oceanfront complex here on Galt Mile in Fort Lauderdale.

Currently we have just 3 oceanfront condos for sale!

I am however pleased to report that sales have been strong over the last  6 months with 5 units sold and 2 units pending sale!

It is also great to see that Unit 15D & 15E sold – setting a record for Fountainhead!

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

Kevin Wirth Fort Lauderdale Realtor