Ocean Summit Condos Fort Lauderdale 2016 Sales

Welcome to our review of 2016 sales for Ocean Summit condos Fort Lauderdale – here on our famous Galt Ocean Mile.

In 2016 there were 11 x Fort Lauderdale condos sold here in Ocean Summit – This is up from 8 x Ocean Summit condos sold in 2015!

Ocean Summit Condos
2016 Sales

Here is our market analysis report for sales of Ocean Summit Condos Fort Lauderdale in 2016

$$  Beds/Baths SF/FF Sale Price
High 3 / 2 1,625 $485,000
Low 1 / 1 850 $225,000
Avg 2 / 2 1,171 $337,227
Med 2 / 2 1,190 $330,000

We can see from this report that the average price for Ocean Summit condos sold in 2016 was $337,227this being for a 2 bedroom 2 bathroom unit of 1061 square feet.  In 2015 the average price for Ocean Summit condos sold in 2015 was almost $30,000 lower at $307,813 – this being for a 2 bedroom 2 bathroom unit of 1061 square feet.

We can also see from this report that the median price for Ocean Summit condos sold in 2016 was $330,000this being for a 2 bedroom 2 bathroom unit of 1190 square feet.  In 2015 the median price for Ocean Summit condos sold in 2015 was over $34,000 lower at $295,750 – this being for a 2 bedroom 2 bathroom unit of 1145 square feet.

Important to note is that:

  • the median sales price to list price was 97% 
  • the median days on market was 135 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!
View Ocean Summit condominium Galt Ocean Mile Fort Lauderdale
View Ocean Summit condominium Galt Ocean Mile Fort Lauderdale

Ocean Summit Condos
2016 Prices by Bedroom

Here is a pricing guide based on all median sales prices for Galt Ocean Mile condos sold in Ocean Summit in 2016.

Beds/Baths SF/FF Sale Price SP$/SqFt
1 / 1 860 $265,000 $302
2 / 2 1,190 $340,000 $299
3 / 2 1,625 $485,000 $319

We can see from this report that:

Ocean Summit 1 Bedroom units – the median sales price in 2016 was $265,500 – this being for a 1 bed/1 bath unit of 860 square feet with a list price to square foot price of $302.00 – In 2015 the median sales price for Ocean Summit 1 Bedroom units was lower at $243,500 – this being for a 1 bed/1 bath unit of 850 square feet with a list price to square foot price of $273.00

Ocean Summit 2 Bedroom units – the median sales price in 2016 was $340,000 for a 2 bed/2 bath unit of 1190 square feet with a list price to square foot price of $299.00.  In 2015 the median sales price for Ocean Summit 2 Bedroom units was higher at $375,000 – this being for a 2 bed/2 bath unit of 1190 square feet with a list price to square foot price of $323.00.

Ocean Summit 3 Bedroom units – the median sales price in 2016 was $485,000 for a 3 bed/2 bath unit of 1625 square feet with a list price to square foot price of $319.00.  In 2015 there were no 3 bedroom units sold here in Ocean Summit based on MLS data.

Ocean Summit
1 Bedroom Condos

In 2016 there were 3 x 1 bedroom units sold here in Ocean Summit.  In 2015 there were 4 x 1 bedroom units sold here in Ocean Summit.

Our market analysis report for these 3 units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 1 / 1 870 $330,000
Low 1 / 1 850 $225,000
Avg 1 / 1 860 $273,333
Med 1 / 1 860 $265,000

We can see from this report that the average price for a 1 bedroom unit sold here in Ocean Summit in 2016 was $273,333 – this being for a 1 bedroom 1 bathroom unit of 860 square feet with a sales price to square foot price of $302.00

We can also see that the median sales price for a 1 bedroom condo unit sold in 2016 was $265,000 – this being for a unit of 860 square feet with a sales price to square foot price of $302.00

Important to note is that range of prices for 1 bedroom condo sales – which range from a low of $225,000 to a high of $330,000.

Also important to note is that:

  • the median sales price to list price was 97% 
  • the median days on market was 80 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
2 Bedroom Condos

In 2016 there were 7 x 2 bedroom units sold here in Ocean Summit.  In 2015 there were 4 x 2 bedroom units sold here in Ocean Summit.

Our market analysis report for these units is presented below.

$$  Beds/Baths SF/FF Sale Price
High 2 / 2 1,340 $417,500
Low 2 / 2 1,100 $278,000
Avg 2 / 2 1,200 $343,500
Med 2 / 2 1,190 $340,000

We can see from this report that the average price for a 2 bedroom unit sold here in Ocean Summit in 2016 was $343,500 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a sales price to square foot price of $287.00


We can see from this report that the median price for a 2 bedroom unit sold here in Ocean Summit in 2016 was $340,000 – 
this being for a 2 bedroom 2 bathroom unit of 1,190 square feet with a sales price to square foot price of $299.00

Important to note is that range of prices for 2 bedroom condo sales – which range from a low of $278,000 to a high of $417,500.

Also important to note is that:

  • the median sales price to list price was 97% 
  • the median days on market was 135 days or approx 4.5 months – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
3 Bedroom Condos

In 2016 there was just 1 x 3 bedroom unit sold here in Ocean Summit.  In 2015 there were no 3 bedroom units sold here in Ocean Summit.

Our market analysis report for this unit is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 1,625 $485,000

We can see from this report that the sales price for the 3 bedroom unit sold here in Ocean Summit in 2016 was $485,000 – this being for a 3 bedroom 2 bathroom unit of 1,625 square feet with a sales price to square foot price of $319.00

Also important to note is that:

  • the sales price to list price was 97% 
  • the days on market was 143 days or just under 5 months – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!
1 Bedroom Ocean Summit Condo Sales 2006 - 2016
1 Bedroom Ocean Summit Condo Sales 2006 – 2016

Ocean Summit Condos
Sales Prices 2006 – 2016

Here is our market summary report showing median prices by year for 1 bedroom Ocean Summit condos sold between 2006 – 2016.

 Median Beds/Baths SF/FF Sale Price
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 their current level of $265,000 in 2016 – an increase of 38% or $73,500.

Important to note is that median price in 2016 at $265,000 are still well below the median of $332,750 for 2006!

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
2016 Pricing by Bedroom

The following report shows the breakdown of median prices for direct oceanfront Galt Ocean Mile / Zip 33308 condos for sale – by bedroom for 2016

Beds/Baths SF/FF Sale Price SP$/SqFt
0 / 1 320 $205,000 $605
1 / 1 1,076 $287,000 $267
2 / 2 1,662 $455,000 $291
3 / 2 2,260 $780,000 $390
4 / 4 3,970 $907,500 $277

We can see from this report that in 2016:

Studios – median price $205,000 for a unit of 320 square feet with a sales price to square foot price of $605.00

1 Bedroom units – median price $287,000 for a 1 bed / 1 bath unit of 1076 square feet with a sales price to square foot price of $267.00

2 Bedroom units – median price $455,500 for a 2 bed / 2 bath unit of 1662 square feet with a sales price to square foot price of $291.00

3 Bedroom units – median price $780,000 for a 3 bed / 2 bath unit of 2260 square feet with a sales price to square foot price of $390.00

4 Bedroom units – median price $907,500 for a 4 bed / 4 bath unit of 3970 square feet with a sales price to square foot price of $277.00

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
2016 Comparison Summary

Here is our comparison of median data for both Ocean Summit condos and Galt Ocean Mile condos based on 2016 sales as recorded in the MLS.

Ocean Summit 1 Bedroom units – Smaller Units/Lower Price  -Ocean Summit 1 bedroom units with a median price $265,000 offer a smaller sized unit with the median at 860 square feet vs the median of 1076 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 $265,000 is also less expensive than the median for a 1 bedroom Galt Ocean Mile condo at $287,000.

Ocean Summit 2 Bedroom units Smaller Units/Lower Price
Ocean Summit 2 bedroom units with a median price $340,000 for a
2 bed/2 bath unit of 1190 square feet are a smaller units than the median for 2 bedroom Galt Ocean Mile Condos at 1662 square feet

The median sales price for 2 bedroom Ocean Summit condos at $340,000 is also less expensive than the median for 2 bedroom Galt Ocean Mile Condos at $455,000

Ocean Summit 3 Bedroom units Smaller Units/Lower Price
Ocean Summit 3 bedroom units with a median price $485,000 for a
3 bed/2 bath unit of 1625 square feet are a smaller units than the median for 3 bedroom Galt Ocean Mile Condos at 2260 square feet

The median sales price for 3 bedroom Ocean Summit condos at $485,000 are also less expensive than the median for 3 bedroom Galt Ocean Mile Condos at $780,000

2016 Ocean Summit Sales
Most Expensive Sale

Here is the market analysis report for the most expensive unit sold here in Ocean Summit in 2016

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 1,625 $499,900 $329

We can see from this report that this 3 bedroom 2 bathroom unit – unit 803 sold for $499,900 – important to note is that the unit sold for 97% of its list price.

This condo in Ocean Summit had 143 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 803
Offered for Sale $499,900

This Galt Ocean Mile condo offers panoramic direct ocean views!

This unit is a Northeast Corner unit.

This condo features high Impact windows and doors, a Foyer entry, built-in closet cabinetry and an over-sized garage parking space located by entry door.

The unit has new interior paint and carpet!

This Fort Lauderdale condo here in Ocean Summit sold on the 30th of Sept 2016 for $485,000 – this was the most expensive sale in 2016 for a unit here in Ocean Summit.

Note: Unit 803 sold with a sales price to square foot price of $319.00

Ocean Summit Condos
Highest Sq Ft Price 2016

Here is the market analysis report for the most expensive square foot price paid for unit sold here in Ocean Summit in 2016

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,190 $417,500 $351


We can see from this report that this 2 bedroom 2 bathroom unit – Unit 505 sold for $417,500
 – important to note is that the unit sold for 86% of its list price and had just 74 days on market!

We feature this unit below

Ocean Summit Condo Unit 505
Offered for Sale $485,000

This Galt Ocean Mile condo offers direct Southeast ocean views making this “beach-side” condo a special choice for beach living!

This is sunny south side unit with large a balcony to enjoy the southeast breezes and ocean view.

This condo is offered fully furnished with washer and dryer and features impact windows and balcony door.

The unit has: a tank-less water heater, a beautiful wood foyer, renovated baths and a beach cabana.  This unit has been impeccably maintained and is one of the most sought after units in popular Ocean Summit.

This Fort Lauderdale condo here in Ocean Summit sold on the 11th of July 2016 for $417,500 with a sales price to square foot price of $351.00

Note: Unit 505 sold with the highest sales price to square foot price of any Ocean Summit unit in 2016!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

I hope you have enjoyed this post on sales for Ocean Summit condos Fort Lauderdale in 2016

Kevin Wirth – Realtor
954-459-0337