Beach views from Ocean Summit Fort Lauderdale condos for sale 4010 Galt Ocean Dr, Fort Lauderdale

Ocean Summit

Ocean Summit
Fort Lauderdale Condos

Rising 17 floors, Ocean Summit Fort Lauderdale Condos for Sale are located directly on the beautiful white sandy shores of Galt Ocean Mile.

Search Ocean Summit Condos for Sale Fort Lauderdale

Ocean Summit consists of 228 x 1, 2 and 3 bedroom condos with spectacular views.

Ocean Summit

Ocean Summit
Galt Ocean Mile – Key Statistics
Ocean Summit Condominium Apartments, Condominium complex in Fort Lauderdale, Florida
Address: 4010 Galt Ocean Dr, Fort Lauderdale, FL 33308

Condos for Sale

  • Prices from $309,900 – $484,900

Median Prices

  • Median List Price $342,000
     – 1 Bedroom 1 Bathroom Unit 
  • 2 Sales Last 6 Months
  • Median Sales Price $331,250
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $279.00
  • Sales to List Price 88%
  • Days on Market 61 Days

View Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Florida

View Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Florida

Key Facts

Address: 4010 Galt Ocean Dr. Fort Lauderdale, FL 33308
Built: 1965

Ocean Summit Association Inc.
 Phone (954) 565-6696 & (954) 568-9946

Ocean Summit offers a nice range of units – one nice feature of the one bedroom units is that they have both 1 bedroom and 1 bathroom units as well as 1 bedroom 1.5 bathroom units.

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Kevin Wirth Realtor

Buying Selling?

Call or email me today

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
kevinsellsmore@gmail.com

Click here to email me now


View Galt Ocean Mile condo Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale

Ocean Summit Condos for Sale
March 2020 / April 2020

Currently there are 6 condos for sale here in Ocean Summit – 2 of which are new listings.

There have been 2 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 both 1, 2 and 3 bedrooms units over the last 6 months!

We also compare recent sales trends in Ocean Summit – Important information for both buyers and sellers!

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My Blog on Ocean Summit Condos for Sale
Older Posts
Jan 2020 / Feb 2020 Ocean Summit Condos for Sale
Nov 2019 / Dec 2019 Ocean Summit Condos for Sale
July 2019 / August 2019 Ocean Summit Condos for Sale
June 2019 / July 2019 Ocean Summit Condos for Sale
February 2019 / March 2019 Ocean Summit Condos for Sale
December 2018 / January 2019 Ocean Summit Condos for Sale
October / November 2018 Ocean Summit Condos for Sale
August / September 2018 Ocean Summit Condos for Sale
June / July 2018 Ocean Summit Condos for Sale
April / May 2018 Ocean Summit Condos for Sale
Feb / March 2018 Ocean Summit Condos for Sale
Dec 2017 / Jan 2018 Ocean Summit Condos for Sale

Oct / Nov 2017 Ocean Summit Condos for Sale
Aug / Sept 2017 Ocean Summit Condos for Sale
June / July 2017 Ocean Summit Condos for Sale
April / May 2017 Ocean Summit Condos for Sale
Feb / March 2017 Ocean Summit Condos for Sale
Dec 2017 / Jan 2017 Ocean Summit Condos for Sale
Oct / Nov Ocean Summit Condos for Sale

Aug / Sept Ocean Summit Condos for Sale
May / June Ocean Summit Condos for Sale
Feb / March Ocean Summit Condos for Sale
Dec / Jan Ocean Summit Post 
Oct / Nov Ocean Summit Post

Sept / Oct Ocean Summit Post

July / August Ocean Summit Post
May / June Ocean Summit Post
March / April Ocean Summit Post
February / March Ocean Summit Post
December / January Ocean Summit Post
November 2014 Ocean Summit Post
October 2014 Ocean Summit Post
September 2014 Ocean Summit Post

August 2014 Ocean Summit Post
July 2014 Ocean Summit Post
June 2014 Ocean Summit Post
May 2014 Ocean Summit Post

Ocean Summit Condos
2019 Prices by Bedroom

Here is a pricing guide based on median sales prices for Galt Ocean Mile condos sold in Ocean Summit in 2019 – excluding unit 409

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 850 $230,000 $259.00
2 / 2 1,100 $327,500 $298.00
3 / 2 1,520 $606,000 $399.00

We can see from this report that in 2019:

Ocean Summit 1 Bedroom units had a median sales price of $230,000(excluding unit 409) – this being for a 1 bed/1 bath unit of 850 square feet with a list price to square foot price of $259.00

Note: The MLS sales data was incorrectly entered in the MLS for unit 409 

Ocean Summit 2 Bedroom units had a median sales price of $327,500 – this being for a 2 bed/2 bath unit of 1100 square feet with a list price to square foot price of $298.00.

Ocean Summit 3 Bedroom units had a median sales price of $606,000 – this being for a 3 bed/2 bath unit of 1520 square feet with a list price to square foot price of $399.00

Median Sales Prices 1 Bedroom Ocean Summit Galt Ocean Mile Condos 4010 Galt Ocean Drive Fort Lauderdale 2006-2019
Median Sales Prices 1 Bedroom Ocean Summit Galt Ocean Mile Condos 4010 Galt Ocean Drive Fort Lauderdale 2006-2019

Ocean Summit Condos
Sales Prices 2006 – 2019

Here is our market summary report showing median prices by year for 1 bedroom Ocean Summit Fort Lauderdale condos sold between 2006 – 2019.

 Median Beds/Baths SF/FF Sale Price
2019 1 / 1 850 $230,000
2018 1 / 1 940 $245,000
2017 1 / 1 940 $242.500
2016 1 / 1 860 $265,000
2015 1 / 1 850 $243,500
2014 1 / 1 850 $215,000
2013 1 / 1 940 $197,500
2012 1 / 1 940 $207,500
2011 1 / 1 970 $201,250
2010 1 / 1 956 $191,500
2009 1 / 1 1,050 $210,000
2008 1 / 1 1,000 $235,000
2007 N / A
2006 1 / 1 970 $332,750

We can see from this report how median prices for 1 bedroom Ocean Summit condos dropped to their lowest level – $191,500 in 2010 then moved up to $265,000 in 2016 – an increase of 38% or $73,500.

In 2017 median prices for Ocean Summit 1 bedroom condos sold softened to $242,500 and then rose slighlty in 2018.

In 2019 median prices for Ocean Summit 1 bedroom condos sold softened again to $230,000.

Important to note is that median prices in 2019 at $230,000 are still well below the median of $332,750 for 2006!

More on Ocean Summit condo sales for 2019
More on Ocean Summit condo sales for 2018
More on Ocean Summit condo sales for 2017
More on Ocean Summit condo sales for 2016
More on Ocean Summit condo sales for 2015

More on Ocean Summit condo sales for 2014
More on Ocean Summit condo sales for 2013


View of Galt Ocean Mile condominiums from Ft Lauderdale Beach

Galt Ocean Mile Condos
2019 Pricing by Bedroom

The following report shows the breakdown of median sales prices for direct oceanfront Galt Ocean Mile / Zip 33308 condos by bedroom for 2019

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 450 $215,000 $478.00
1 / 1 1,050 $277,750 $282.00
2 / 2 1,550 $485,000 $321.00
3 / 2 2,158 $967,500 $409.00

We can see from this report that in 2019:

Studios – median sales price $215,000 for a unit of 450 square feet with a sales price to square foot price of $478.00 – In 2018 the median price for a studio was lower at $175,000 for a unit of 430 square feet with a sales price to square foot price of $434.00

1 Bedroom units – median sales price $277,750 for a 1 bed / 1 bath unit of 1050 square feet with a sales price to square foot price of $282.00 – In 2018 the median price for a 1 bedroom unit was higher at $295,000 for a 1 bed / 1 bath unit of 1088 square feet with a sales price to square foot price of $283.00

2 Bedroom units – median sales price $485,000 for a 2 bed / 2 bath unit of 1550 square feet with a sales price to square foot price of $331.00 – In 2018 the median price for 2 bedroom units was slightly higher at $487,500 for a 2 bed / 2 bath unit of 1540 square feet with a sales price to square foot price of $332.00

3 Bedroom units – median sales price $967,500 for a 3 bed / 2 bath unit of 2158 square feet with a sales price to square foot price of $409.00 – In 2018 the median price for a 3 bedroom unit was lower at $856,250 for a 3 bed / 2 bath unit of 2140 square feet with a sales price to square foot price of $421.00

Galt Ocean Mile Condominiums

Here are links to all the Galt Ocean Mile condominiums – links on our website.  

From each of these pages you can search units for sale, read our latest blogs on units for sale, recent sales and sales prices as well as get a great overview of each of the condominiums.

L’HermitageSouth Point
The CommodorePlaya Del Sol
Royal AmbassadorEdgewater Arms
RivieraRegency Tower
Regency Tower SouthGalt Ocean Club
Playa Del Mar – Ocean Summit –
Ocean ClubThe Galleon
L’Ambiance BeachGalt Towers
Plaza SouthPlaza East

Fort Lauderdale Luxury Condos as seen from the Galt Ocean Mile Beach

Ocean Summit / Galt Ocean Mile
2019 Comparison Summary

Here is our comparison of median data for both Ocean Summit condos and Galt Ocean Mile condos based on 2019 sales as recorded in the MLS.

Ocean Summit 1 Bedroom units – Smaller Units / Lower Price  -Ocean Summit 1 bedroom units with a median price $230,000 offer a smaller sized unit with the median at 850 square feet vs the median of 1050 square feet for 1 bedroom Galt Ocean Mile condos.

Important to note however is some 1 bedroom units in Ocean Summit offer that extra half bath.

The median sales price for a 1 bedroom Ocean Summit condos at $230,000 is also less expensive than the median for a 1 bedroom Galt Ocean Mile condo at $277,750.

Ocean Summit 2 Bedroom units Smaller Units / Lower Price
Ocean Summit 2 bedroom units with a median price $327,500 for a
2 bed/2 bath unit of 1100 square feet are a smaller units than the median for 2 bedroom Galt Ocean Mile Condos at 1550 square feet

The median sales price for 2 bedroom Ocean Summit condos at $327,500 is also much less expensive than the median for 2 bedroom Galt Ocean Mile Condos at $485,000

Ocean Summit 3 Bedroom units Smaller Units / Lower Price
Ocean Summit 3 bedroom units with a median price $606,000 for a
3 bed/2 bath unit of 1520 square feet are much smaller units than the median for 3 bedroom Galt Ocean Mile Condos at 2158 square feet

The median sales price for 3 bedroom Ocean Summit condos at $606,000 are also less expensive than the median for 3 bedroom Galt Ocean Mile Condos at $967,500

Ocean Summit

Ocean Summit Fort Lauderdale is a commanding direct oceanfront building – built in 1965 – the building was very well constructed and is a true “mid century modern gem”.

From this complexes great location it is an easy walk to restaurants, grocery, shops and more from this great location.

The community is very easy-going and welcoming.

The complex has a gated lobby with 24 hour desk and security and as a nice bonus there is a full-time on site manager and secretary.

Amenities include: exercise room/Gym, a sauna, heated pool and beach cabanas. There is a library, board room, clubhouse and free Wi-Fi at the lobby level.

There is a Maytag washer/dryer in the hallway and many units have washer/dryer in their units – usually these are a full size washer/dryer which is a nice feature.

There is deeded parking space in gated garage and also extra parking.

Building and grounds maintenance is included in the low maintenance fee.

2019 Ocean Summit Sales
Most Expensive Sale

Here is the market analysis report for the most expensive unit sold here in Ocean Summit Fort Lauderdale in 2019

BEDS / BATHS LA SP$
Unit 1503 3 / 2 1,520 $606,000

We can see from this report that this 3 bedroom 2 bathroom condo – unit 1503 sold for $606,000 – important to note is that the unit sold for 99% of its list price.

This condo in Ocean Summit had 150 days on market – this is the time from the date the unit was listed for sale till the date the unit sold AND closed.

We feature this unit below:

Ocean Summit Condo Unit 1503
Offered for Sale $615,000

This Galt Ocean Mile condo offers direct ocean views from living room, dining room and kitchen AND ocean views from all three bedrooms.

Unit 1503 is newly renovated with contemporary 20 x 20 White and Gray porcelain flooring. The condo features: White shaker kitchen cabinets, Granite counter tops and pristine White appliances.

The unit has a Washer and Dryer in 2nd bathroom and one Garage parking space.

This Ocean Summit Fort Lauderdale condo sold on the 17th of July 2019 for $606,000 – this was the most expensive sale in 2019 for a unit here in Ocean Summit.

Note: Unit 1503 sold with a sales price to square foot price of $326.00!

 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

For more on Ocean Summit Fort Lauderdale Condos for Sale call me on 954-459-0337 or Click here to email me now

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