View Galt Ocean Mile condo for sale Fountainhead 3900 N Ocean Drive Lauderdale by the Sea

Fountainhead Condos

Fountainhead
Galt Ocean Mile Condos

Welcome to our December 2019 / January 2020 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 just 2 x Fountainhead Galt Ocean Mile condos for sale – both 2 bedroom units! 

Currently there is 1 unit pending sale and there have 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 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 $449,788 – $624,900
  • Median List Price $537,344
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $570,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $281.00
  • Sales Price to List Price 95%
  • Days on Market 187 Days
View Galt Ocean Mile condominium Fountainhead 3900 N Ocean Drive Lauderdale by the Sea
View Galt Ocean Mile condominium Fountainhead 3900 N Ocean Drive Lauderdale by the Sea

Fountainhead Condos for Sale
Market Report

There are currently just 2 x Fountainhead Galt Ocean Mile condos for sale this is the same number of Fountainhead Condos for Sale as in our last post for October 2019 / November 2019

Our market analysis report for these 2 x Galt Ocean Mile condos currently for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,730 $449,788
Max 2 / 2 2,000 $624,900
Avg 2 / 2 1,865 $537,344
Median 2 / 2 1,865 $537,344

We can see from this report that the median price for a Fountainhead condo for sale is $537,344 this being for a 2 bedroom 2 bathroom unit of 1865 square feet – down from our last post!

In our last post for October 2019 / November the median price for a Fountainhead condo for sale was higher at $694,000 – this being for a 2 bedroom 2 bathroom unit of 1800 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.

2 / 2 1,865 $537,344 $286.00

We can from this report that median prices for :

  • There are currently no 1 bedroom Fountainhead condos for sale In our last post when 1 bedroom units were for sale the median list price for 1 bedroom Fountainhead condos for the sale was $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
  • 2 bedroom Fountainhead condos for the sale is $537,344 this being for a 2 bedroom 2 bathroom 1865 square foot unit with a list price to square foot price of $286.00 – In our last post the median for 2 bedroom Fountainhead condos for the sale was higher at $694,000 – this being for a larger 2 bedroom 2 bathroom 1920 square foot unit with a list price to square foot price of $363.00
  • There are currently no 3 bedroom Fountainhead condos for the sale  However in the last post when 3 bedroom units were for sale the median for 3 bedroom condos was $639,000 – this being for a 3 bedroom 3 bathroom 2210 square foot unit with a list price to square foot price of $289.00

Fountainhead Condos
New Listings

There have been no new listing of a luxury Fountainhead Galt Ocean Mile condos for sale over the last 30 days – In our last post there had been just 1 new listing – this was for Unit 10C a 2 bedroom 2 bathroom condo!

View Galt Ocean Mile condo pending sale Fountainhead 3900 N Ocean Drive Lauderdale by the Sea - Unit 17D
Galt Ocean Mile condo pending Fountainhead 3900 N Ocean Drive Lauderdale by the Sea 17D

Fountainhead Condos
Pending Sales

There is currently 1 x Fountainhead condo under contract and  pending sale here on Galt Ocean Mile – In our last post there was also 1 unit pending sale!

Our Market Analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 17D 2 / 2 1,840 $699,000

We can see from this report that Unit 17D a 2 bedroom Fountainhead condo listed for sale for $699,000 is now pending sale – this being a 2 bedroom 2 bathroom unit of 1840 square feet has a list price to square foot price of $380.00

Unit 17D offers a spectacular panoramic view of the ocean and Lauderdale by the Sea

This Galt Ocean Mile condo is a 2 Bedroom Penthouse Unit!

Unit 17D features: elegant wood floors and an open floor plan that make the condo an ideal spot for tranquil reflection or entertaining friends and family!

Aerial view Galt Ocean Mile condominium Fountainhead 3900 N Ocean Drive Lauderdale by the Sea
Galt Ocean Mile condominium Fountainhead 3900 N Ocean Drive Lauderdale by the Sea

Fountainhead Condo Sales
Last 6 Months

There has been 4 sales of Fountainhead Galt Ocean Mile condos over the last 6 Months –this is up from 3 sales as in our last post! 

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

BEDS / BATHS LA SP$
Min 2 / 1 1,450 $315,000
Max 3 / 3 2,210 $630,000
Avg 2 / 2 1,843 $521,250
Median 2 / 2 1,855 $570,000

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 $521,000 – this being for a 2 bedroom 2 bathroom unit of 1843 square feet.

We can also see that the median sales price for condos sold here in Fountainhead over the last 6 months has been $570,000 – this being for a 2 bedroom 2 bathroom unit of 1855 square feet 

In our last post the median sales price for condos sold here in Fountainhead over the last 6 months was a little lower at $565,000 – this being for a 2 bedroom 2 bathroom unit of 1870 square feet 

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 $217.00
Max $342.00
Avg $280.00
Median $281.00

We can see from this report that the median sales price to square foot price has been $260.00 per square foot – well down from $284.00 in our last post and $294.00 as in our prior post!

It is important to note the highest square foot price paid at $302.00!

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

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Fountainhead has been 95%  

It is important to note that this is down from 96% in our last post!

This means if a Fort Lauderdale condo for sale here in Fountainhead is listed at $550,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $522,500 – 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 1
Max 248
Avg 156
Median 187

We can see from this report that the average days on market is 156 days – or just under 7 months.

We can also see that the median days on market is 187 days – or just over 6 months

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 4 x Fountainhead Galt Ocean Mile condos sold over the last 6 months here in Fountainhead.

BEDS / BATHS LA SP$
Unit 10D 2 / 2 1,840 $630,000
Unit 14H 3 / 3 2,210 $575,000
Unit 9B 2 / 2 1,870 $565,000
Unit 11G 2 / 1 1,450 $315,000

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 10D a 2 bedroom condo which sold for $630,000.

This 2 bedroom 2 bathroom 1,840 square foot unit has a sales price to square foot price of $342.00

This Galt Ocean Mile condo sold for 93% of list price and had just 1 day on market!

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 2 oceanfront condos for sale!

I am pleased to report that sales have been strong despite such a “tight” inventory – with 1 unit pending sale and 4 units sold over the last 6 months!

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

Kevin Wirth Fort Lauderdale Realtor