Fountainhead
Galt Ocean Mile Condos
2021 Pricing Guide
Welcome to our March 2021 / April 2021 pricing guide for Fountainhead Galt Ocean Mile Condos 3900 N Ocean Drive, 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 3 x Fountainhead Galt Ocean Mile condo for sale – 2 of which are new listings.
There has been 3 closed sales over the last 6 months and 2 units are now 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
- Priced from $500,000 – $615.000
Median Prices
- Median List Price $524,000
– for a 2 bedroom 2 bathroom unit - Median Sales Price $600,000
– for a 2 bedroom 2 bathroom unit - Median Sales Price to Sq Ft Price $326.00
- Median List Price to Sales Price 94%
- Median Days on Market – 26 Days
Fountainhead Condos for Sale
Market Report
There are currently 3 x Fountainhead Galt Ocean Mile condos for sale – all 2 bedroom units.
This down from 5 x Fountainhead Condos for Sale as in our last post for December 2020 / January 2021
Our market analysis report for the 3 x Fountainhead Galt Ocean Mile condos currently for sale is presented below:
| BEDS / BATHS | LA | LP$ | |
| Min | 2 / 2 | 1,730 | $500,000 |
| Max | 2 / 2 | 1,870 | $615,000 |
| Avg | 2 / 2 | 1,800 | $546,333 |
| Median | 2 / 2 | 1,800 | $524,000 |
We can see from this report that the average list price for a Fountainhead Galt Ocean Mile condo currently for sale is $546,333 – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $303.00.
In our last post the average list price for a Fountainhead Galt Ocean Mile condo for sale was higher at $648,400 – this being for a 2 bedroom 2 bathroom 2006 square foot unit with a list price to square foot price of $330.00.
We can also see from this report that the median list price for a Fountainhead Galt Ocean Mile condo currently for sale is $524,000 – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $291.00.
In our last post the median list price for a Fountainhead Galt Ocean Mile condo currently for sale was also higher at $625,000 – this being for a 2 bedroom 2 bathroom 1840 square foot unit with a list price to square foot price of $327.00.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337
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Fountainhead Condos for Sale
Prices by Bedroom
Here is our market summary report showing median prices for Fountainhead Galt Ocean Mile condos for sale by bedroom.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 2 / 2 | 1,800 | $524,000 | $291.00 |
We can from this report that median prices for :
- There are currently no 1 bedroom Fountainhead condos for the sale – In the last post when 1 bedroom condos were for sale the median price for 1 bedroom condos was $345,000 – this being for a 1 bedroom 1 bathroom 1450 square foot unit with a list price to square foot price of $228.00
- 2 bedroom Fountainhead condos for the sale is $524,000– this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $291.00 – In our last post the median for 2 bedroom Fountainhead condos for the sale was higher at $579,000– this being for a 2 bedroom 2 bathroom 1840 square foot unit with a list price to square foot price of $315.00
- 3 bedroom Fountainhead condos for the sale is $744,500– this being for a 3 bedroom 3 bathroom 2275 square foot unit with a list price to square foot price of $359.00 – In our last post the median for 3 bedroom Fountainhead condos for the sale was higher at $775,000– this being for a 3 bedroom 3 bathroom 2210 square foot unit with a list price to square foot price of $351.00
Fountainhead Condos
New Listings
There have been 2 new listing of luxury Fountainhead Galt Ocean Mile condos for sale over the last 30 days – this is down from 4 new listings as in our last post!
Our market analysis report for these 2 new listings is presented below:
| BEDS / BATH | LA | LP$ | |
| Unit 7B | 2 / 2 | 1,870 | $615,000 |
| Unit 2F | 2 / 2 | 1,730 | $500,000 |
We can see from this report that:
Fountainhead Unit 7B a 2 bedroom Galt Ocean Mile condo has just been listed for sale for $615,000 – this 2 bedroom 2 bathroom 1870 square foot unit has a list price to square foot price of $329.00
Unit 7B is breathtaking ocean views of Ft. Lauderdale & Lauderdale By The Sea Beach from every room.
This Galt Ocean Mile condo for sale features: a newly designed kitchen appointed with Kitchen Aid appliances and Quartz countertops. Both bathrooms are completely upgraded. There is a fireplace living room and dining room and the second bedroom has been converted into a den / home office.
Fountainhead Unit 2F a 2 bedroom Galt Ocean Mile condo has just been listed for sale for $500,000 – this 2 bedroom 2 bathroom 1730 square foot unit has a list price to square foot price of $289.00
Unit 2F offers gorgeous and unobstructed ocean views.
This Galt Ocean Mile condo for sale features: a huge master bedroom suite with dressing area and large walk-in closet. The unit has an eat-in kitchen and inside washer/dryer. This South East facing unit allows for amazing sunrises and offers an abundance of natural light
Fountainhead Condos
Pending Sales
There are currently 2 x Fountainhead condos under contract and pending sale here on Galt Ocean Mile – In our last post there were no units pending sale.
Our market analysis report for these 2 units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 4A | 3 / 3 | 2,340 | $695,000 |
| Unit 3B | 2 / 2 | 1,870 | $625,000 |
We can see from this report that:
Unit 4A a 3 bedroom Galt Ocean Mile condo listed for sale for $695,000 is now pending sale – this 3 bedroom 3 bathroom 2340 square foot unit has a list price to square foot price of $297.00
Unit 4A offers gorgeous and unobstructed, forever ocean views.
This Galt Ocean Mile condo for sale is fully remodeled with a light bright and open floor plan. The unit features: oversized impact glass windows in the dining room and around the Florida room (enclosed balcony) that amplify the view of sea and sand. There is magnificent white and gray Italian marble flooring through-out and the formal living and dining rooms offer incredible ocean views.
Unit 3B a 2 bedroom Galt Ocean Mile condo listed for sale for $625,000 is now pending sale – this 2 bedroom 2 bathroom 1870 square foot unit has a list price to square foot price of $334.00
Unit 3B offers direct ocean views from every room.
This Galt Ocean Mile condo for sale has countless upgrades and designer finishes and features: all impact glass, premium marble flooring throughout, custom crown molding, recessed lighting, an upgraded chef’s kitchen with top-grade granite countertops and backsplash.
Fountainhead Condo Sales
Last 6 Months
There has been 3 sales of Fountainhead Galt Ocean Mile condos over the last 6 Months – this is well up from just 1 sale as per our last post!
Our market analysis report for these units is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 2 | 1,840 | $545,000 |
| Max | 3 / 3 | 2,210 | $740,000 |
| Avg | 2 / 2 | 1,963 | $628,333 |
| Median | 2 / 2 | 1,840 | $600,000 |
We can see from this report that the average sales price for a Fountainhead condo sold over the last 6 months was $628,333 – this being for a 2 bedroom 2 bathroom unit of 1963 square feet.
We can also see from this report that the median sales price for a Fountainhead condo sold over the last 6 months was $600,000 – this being for a 2 bedroom 2 bathroom unit of 1840 square feet.
It is important to note the highest price paid at $740,000 – this being for a 3 bedroom 3 bathroom unit.
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale Oceanfront Condos sold in Fountainhead over the last 6 months.
| SP$/SqFt | |
| Min | $296.00 |
| Max | $335.00 |
| Avg | $319.00 |
| Median | $326.00 |
We can see from this report that the median sales price to square foot price has been $326.00 per square foot.
It is also important to note the highest square foot price paid at $335.00!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fountainhead Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 93% |
| Max | 96% |
| Avg | 94% |
| Median | 94% |
We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo sold here in Fountainhead over the last 6 months has been 94%
This means if a Fountainhead condo is listed for sale at $600,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $564,000 – based on median MLS data!
Days on Market
Days on market for Fountainhead Galt Ocean Mile condos for sale is an important indicator on how strong demand is for Fort Lauderdale oceanfront condos for sale in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 8 |
| Max | 27 |
| Avg | 20 |
| Median | 26 |
We can see that the median days on market is 26 days – or just under 1 month
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Fountainhead Condo Sales
Last 6 Months by Unit
Here is our market analysis report showing data for each unit sold for the 3 x condos sold in Fountainhead over the last 6 months!
| / | BEDS / BATHS | LA | SP$ |
| Unit 17A | 3 / 3 | 2,210 | $740,000 |
| Unit 14D | 2 / 2 | 1,840 | $600,000 |
| Unit 9D | 2 / 2 | 1,840 | $545,000 |
We can see from this report the details for each unit sold including the most expensive sale which was for Unit 17A a 3 bedroom Fountainhead condo which sold for $740,000 – this 3 bedroom 3 bathroom 2,210 square foot unit had a sales price to square foot price of $335.00
Unit 17A sold for 93% of its list price and had just 26 days on market!
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 a nice inventory of 2 bedroom Fountainhead condos for sale with 3 condos for sale.
Sales have picked up over the last 6 months with 3 units sold and 2 units now pending sale.
Much of 2020 had been slow due to Covid 19.
I hope you have enjoyed my Post on Fountainhead Condos Fort Lauderdale for Sale