View of Ocean Summit condos Fort Lauderdale

Ocean Summit Condos Fort Lauderdale 2014 Sales

Ocean Summit Condos
2014 Prices By Bedroom

Here is a pricing guide based on all sales of Ocean Summit condos Fort Lauderdale in 2014.

#Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
1 1 850 $215,000 $253 94.47 76
2 2 1,250 $410,000 $263 95.79 7
3 2 1,622 $570,000 $351 95.81 160

We can see from this report that:

Ocean Summit 1 Bedroom units – median price $215,000 for a
1 bed/1 bath unit of 850 square feet with a list price to square foot price of $253.00

Note: Ocean Summit 1 bedroom condos living areas typically range in size from 850 square feet to 1100 square feet.

Also the complex offers both 1 bedroom and 1 bathroom units as well as 1 bedroom and 1.5 bathroom units. 

Ocean Summit 2 Bedroom units – median price $410,000 for a
2 bed/2 bath unit of 1250 square feet with a list price to square foot price of $263.00

2 Bedroom units living area typically ranges in size from 1100 square feet to 1350 square feet. 

There are however a few larger 2 bedroom units that offer a living area of 1900 square feet.

Also important to note with the 2 bedroom units in Ocean Summit is the allocated car parking – some units have none, others 1 parking space and some 2 bedroom units have 2 parking spaces.

Ocean Summit 3 Bedroom units – median price $570,000 for a
3 bed/2 bath unit of 1622 square feet with a list price to square foot price of $351.00

The living area in 3 bedroom Ocean Summit condo units typically ranges from 1400 square feet to 1625 square feet.

Sales prices in Ocean Summit have continued to show steady improvement and prices are rising.

2013 – 2014 Comparisons

Here are the comparisons for 2013 and 2014 median prices in Ocean Summit by Bedroom

2014
#Beds
#FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
1 1 850 $215,000 $253 94.47 76
2 2 1,250 $410,000 $263 95.79 7
3 2 1,622 $570,000 $351 95.81 160

 

2013
#Beds
#FBaths SF/FF SalePrice SP$/SqFt SP$/LP$ Days on Market
1 1 940 $197,500 $197 92.58 81.5
2 2 1,100 $282,000 $260 94.07 68

 

We can see from this the median comparative data for 1 and 2 bedroom units for both 2013 and 2014.

Important to note is the increase in median sales price for both 1 bedroom and 2 bedroom units.

  • Increases in 1 bedrooms units up from $197,500 in 2013 to $215,000 in 2014 – an increase of $16,600 or 8.4%
  • Increases in 2 bedrooms units up from $282,000 in 2013 to $410,000 in 2014 – an increase of $128,000 or 45%

More on Ocean Summit Median Sales Prices in 2013


View of Galt Ocean Mile condominiums from Ft Lauderdale Beach

Galt Ocean Mile Condos
Median Prices for 2014

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

 

#Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
0 1 450 $145,000 $276 94.35 104
1 1 879 $242,000 $254 95.05 65
2 2 1,422 $384,000 $275 94.37 66
3 3 2,240 $930,000 $428 94.03 93
4 4 3,644 $2,250,000 $563 90.97 89
5 5 N/A $1,735,000 N/A 73.83 118

We can see from this report that in 2014:

Studios – median price $145,000 for a unit of 450 square feet with a list price to square foot price of $276.00

1 Bedroom units – median price $242,000 for a 1 bed / 1 bath unit of 879 square feet with a list price to square foot price of $254.00

2 Bedroom units – median price $384,000 for a 2 bed / 2 bath unit of 1422 square feet with a list price to square foot price of $275.00

3 Bedroom units – median price $930,000 for a 3 bed / 3 bath unit of 2240 square feet with a list price to square foot price of $428.00

4 Bedroom units – median price $2,250,000 for a 4 bed / 4 bath unit of 3644 square feet with a list price to square foot price of $563.00

5 Bedroom units – for the 1 x 5 bedroom unit that sold in 2014 – the sales price was $1,735,000 for a 5 bed / 5 bath unit

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
Comparison Summary

Ocean Summit 1 Bedroom units – Slightly Smaller Units/Lower Price  -Ocean Summit 1 bedroom units with a median price $215,000 offer a slightly smaller sized unit with the median at 850 square feet vs the median of 879 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 sales price per square foot of a 1 bedroom Ocean Summit Condo at $253.00 is also slightly less expensive per square foot than the median for a 1 bedroom Galt Ocean Mile condo at $254.00 per square foot.

Ocean Summit 2 Bedroom units Smaller Units/Higher Price
Ocean Summit 2 bedroom units with a median price $410,000 for a
2 bed/2 bath unit of 1250 square feet are a smaller units than the median for 2 bedroom Galt Ocean Mile Condos at 1422 square feet

The sales price per square foot at $263.00 is however less expensive per square foot than for 2 bedroom Galt Ocean Mile Condos at $275.00 per square foot.

Ocean Summit 3 Bedroom units Smaller Units/Lower Price
Ocean Summit 3 bedroom units with a median price $570,000 for a
3 bed/2 bath unit of 1622 square feet are a smaller units than the median for 2 bedroom Galt Ocean Mile Condos at 2240 square feet

The sales price per square foot at $351.00 is also far less expensive per square foot than the median for 3 bedroom Galt Ocean Mile Condos at $428.00 per square foot.

2014 Ocean Summit
Most Expensive Sale

Here is the market analysis report for the most expensive unit sold here in Ocean Summit in 2014

#Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
3 2 1,620 $570,000 $352 95 213

We can see from this report that this 2 bedroom 2 bathroom unit – unit 1403 sold for $570,000 – important to note is that the unit sold for 95% of its list price.

This condo in Ocean Summit had 213 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 1403
Offered for Sale $600,000

LA: 1,620 TA: 0 YR: 1965
BED: 3 FBATH: 2
F1271546

This condo is an absolutely stunning corner unit here in the famous Galt Ocean Mile.   

The condo has marble floors throughout except for the bedrooms.  There are Granite counters in the kitchen with newer appliances.

The unit is located at the cooler north east corner and offers fabulous views of the ocean.  The unit comes with covered parking and is being sold “As Is”

This Fort Lauderdale condo here in Ocean Summit sold on the 15th of September 2014 for $570,000 – this was the most expensive sale in 2014 for a unit here in Ocean Summit.

Note: Unit 1403 sold with a sales price to square foot price of $352.00

2014 Ocean Summit
Highest Sq Ft Price Paid

Here is the market analysis report for the highest / most expensive square foot price paid for unit sold here in Ocean Summit in 2014

#Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
2 2 1,100 $410,000 $373 94.25 41

We can see from this report that this 2 bedroom 2 bathroom unit – unit 1510 sold for $410,000 – important to note is that the unit sold for 94.25% of its list price and had just 41 days on market!

We feature this unit below

Ocean Summit Condo Unit 1510
Offered for Sale $435,000

LA: 1,100 TA: YR: 1965
BED: 2 FBATH: 2
F1298249

You will love the “South East” ocean views from this beautifully furnished 2 bedroom 2 bathroom high floor condo.

View from the condo here in Ocean Summit that sold for the highest square foot price in 2014

The unit offers: neutral tile floors, California shutters through-out, a washer-dryer, garage parking and an open kitchen with granite counters.   There are newer bathrooms, impact windows and an impact balcony door.

This unit is a “Turn’key” condo ready for a new owner.

This Fort Lauderdale condo in Ocean Summit sold for $410,000 on the 25th of September 2014 with a sales price to square foot price of $373.00 which makes this the unit sold with the highest sales price to square foot price in 2014 based on MLS data/records.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

I hope you have enjoyed this post on sales for Ocean Summit condos Fort Lauderdale in 2014

Kevin Wirth – Realtor
954-459-0337