View Galt Ocean Mile condo for sale L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale

L’Hermitage Condos

L’Hermitage
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our April 2020 / May 2020 pricing guide for L’Hermitage Galt Ocean Mile condos for sale 3100-3200 N Ocean Blvd Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in L’Hermitage 3100 N Ocean Blvd Galt Ocean Mile are direct oceanfront units set right on the Beachfront.

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At the time of writing this Blog there are 23 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 3 of which are new listings.

There have been 7 sales of luxury condos in the L’Hermitage complex over the last 6 months and 5 units are currently 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 %), we also review the highest square foot prices paid over the last 6 months.

We also discuss recent sales trends in L’Hermitage – Important information for both buyers and sellers!

L’Hermitage Galt Ocean Mile
Key Statistics
L Hermitage Condo Condominium complex in Fort Lauderdale, Florida
Address: 3100 N Ocean Blvd, Fort Lauderdale, FL 33308 &  3200 N Ocean Blvd, Fort Lauderdale, FL 

Condos for Sale

  • Prices from $854,900 – $4,750,000

Median Prices

  • Median List Price $1,900,000
    – for a 3 bedroom 3 bathroom unit
  • Median Sales Price $1,300,000
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $623.00
  • Sales to List Price 93%
  • Days on Market 210 Days
View Galt Ocean Mile condominium L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale
View Galt Ocean Mile condominium L’Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale

L’Hermitage
Condos for Sale

There are currently 23 x L’Hermitage Galt Ocean Mile condos for sale – This is up from the 21 x L’Hermitage Galt Ocean Mile condos for sale as in our last post for January 2020 / February 2020

The market analysis report for these 23 x luxury condos for sale is presented below.

 

BEDS / BATHS

LA

LP$

Min

2 / 2

1,537

$854,900

Max

6 / 5

6,627

$4,750,000

Avg

3 / 3

2,759

$2,199,935

Median

3 / 3

2,600

$1,900,000

This report shows us that the average price for a luxury Galt Ocean Mile condo here in L’Hermitage is $2,199,935 – this being for a 3 bedroom 3 bathroom unit of 2759 square feet.

We can also see from this report that the median price for a Galt Ocean Mile condo in L’Hermitage is $1,900,000 – this being for a 3 bedroom 3 bathroom unit of 2600 square feet.

In our last post for July 2019  / August 2019 the median price for a Galt Ocean Mile condo in L’Hermitage was the same at $1,900,000 – this being for a 3 bedroom 3 bathroom unit of 2600 square feet.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

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Kevin Wirth P.A Realtor
Galt Ocean Mile Specialist
954-459-0337

email: kevinsellsmore@gmail.com

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View L'Hermitage Galt Ocean Mile condominium 3100-3200 N Ocean Blvd Fort Lauderdale
View L’Hermitage Galt Ocean Mile condominium 3100-3200 N Ocean Blvd Fort Lauderdale
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View Galt Ocean Mile New Listings

Luxury L’Hermitage
Condos by Bedroom

Here is our market analysis report for L’Hermitage Galt Ocean Mile condos for sale – showing median prices by bedroom for all the units currently for sale.

BEDS / BATHS

LA

LP$

LP$/SqFt

2 / 2

1,805

$1,061,950

$596.00

3 / 3

2,762

$2,450,000

$860.00

4 / 4

4,938

$4,500,000

$962.00

6 / 5

4,475

$3,999,900

$894.00

We can see from this report that the median price for:

  • 2 Bedroom 2 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $1,061,950 – this being for a unit of 1805 square feet with a list price to square foot price of $596.00 – In our last post the median for 2 Bedroom 2 Bathroom L’Hermitage condos for sale was lower at $999,999 – this being for a unit of 1634 square feet with a list price to square foot price of $650.00
  • 3 Bedroom 3 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $2,450,000 – this being for a unit of 2762 square feet with a list price to square foot price of $860.00 – In our last post the median for 3 Bedroom 3 Bathroom L’Hermitage condos for sale was higher at $2,549,950 – this being for a unit of 2753 square feet with a list price to square foot price of $885.00
  • 4 Bedroom 4 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $4,500,000 – this being for a unit of 4938 square feet with a list price to square foot price of $962.00 – In our last post the median for 4 Bedroom 4 Bathroom L’Hermitage condos for sale was higher at $4,750,000 – this being for a unit of 4938 square feet with a list price to square foot price of $962.00
  • 6 Bedroom 5 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $3,999,900 – this being for a unit of 4475 square feet with a list price to square foot price of $894.00 – In our last post the median for 6 Bedroom 5 Bathroom L’Hermitage condos for sale was the same at $3,999,900 – this being for a unit of 4475 square feet with a list price to square foot price of $894.00
View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale just listed for sale Unit 1509
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd just listed for sale Unit 1509

L’Hermitage
New Luxury Listings

There have been 3 new listings of L’Hermitage Galt Ocean Mile condos for sale in the last 30 days – this is the same number of new listings as in our last post for January 2020 / February 2020!

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

 

BEDS / BATHS

LA

LP$

Unit 1509

3 / 3

2,762

$2,599,000

Unit 1409

3 / 2

2,762

$2,499,000

Unit 1003

2 / 2

1,977

$1,124,900

We can see from this report the details for each of these units:

Unit 1509 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $2,599,000this 3 bedroom 3 bathroom 2762 square foot unit has a list price to square foot price of $941.00

Unit 1509 is a Brittany Model in L’Hermitage Tower I!

This Galt Ocean Mile condo is “truly” renovated with Crystal white flooring, stretch ceilings, a fully open kitchen with Subzero/Bosch/Wolf appliances and high impact windows/doors.  The unit has a brand new AC units, new bathrooms, solid wood doors, remote window treatments and LED lighting throughout. Unit 1509 has an all glass wine cellar that holds 500 bottles! 

Unit 1409 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $2,499,000this 3 bedroom 2 bathroom 2762 square foot unit has a list price to square foot price of $905.00

Unit 1409 is a Brittany Model in L’Hermitage Tower I!

This Galt Ocean Mile condo offers sweeping ocean views and is completely updated.  This designer-decorated home is immaculately presented and features: a convertible den with built-in shelves and a granite top desk, a big laundry room with sink and a Chef’s kitchen with 2 islands, 2 ovens, granite counters and lots of cabinets.

Unit 1003 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $1,124,900this 2 bedroom 2 bathroom 1977 square foot unit has a list price to square foot price of $569.00

Unit 1003 is a Essex Model in L’Hermitage Tower I!

This Galt Ocean Mile condo is a beautiful oceanfront 2 bedroom unit with a den.  The condo has marble floors throughout and has been impeccably maintained. Unit 1003 has 2 large balconies for sunrises and sunsets and has had only one owner – it has hardly been used – only as a vacation home!

View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale pending sale Unit 1708
View Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd pending sale Unit 1708

L’Hermitage
Pending Sales

There are currently 5 luxury L’Hermitage Galt Ocean Mile condos pending sale. 

In our last post there were also 5 luxury L’Hermitage condos pending sale!

Our market analysis report for these 5 condos pending sale is presented below.

 

BEDS / BATHS

LA

LP$

PH 2909

3 / 4

4,475

$3,999,000

Unit 1708

3 / 3

2,600

$2,799,000

Unit 1707

3 / 2

2,332

$1,599,900

Unit 1201

3 / 2

2,318

$1,295,000

Unit 2205

2 / 2

1,634

$999,999

We can see from this report that:

Penthouse 2909 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $3,999,000 is now pending salethis 3 bedroom 4 bathroom 4475 square foot unit has a list price to square foot price of $894.00

Unit 2909 is a Penthouse Unit in L’Hermitage Tower II!

This Galt Ocean Mile condo is a “one of a kind” top floor penthouse residence that has been completely remodeled with an updated kitchen, and bathrooms.  This exclusive residence offers panoramic ocean views from every room and features: high ceilings, a private foyer entrance and is elegantly decorated with all custom finishes.

Unit 1708 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condos listed for sale for $2,799,900 is now pending salethis 3 bedroom 3 bathroom 2600 square foot unit has a list price to square foot price of $1,077.00

Unit 1708 is a Dorchester Reverse Model in L’Hermitage Tower II!

This Galt Ocean Mile condo is a “Chic” and sophisticated 08 flow-through residence. The condo features: new impact windows and has been fully upgraded with impeccable materials including  24 x 24 Travertine floors, backlit soffits, Italkraft cabinetry, floating ceiling and a wetbar!

Unit 1707 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condos listed for sale for $1,599,900 is now pending salethis 3 bedroom 2 bathroom 2332 square foot unit has a list price to square foot price of $686.00

Unit 1707 is a Dorchester Model in L’Hermitage Tower II!

This Galt Ocean Mile condo offers a South-East exposure, panoramic views of the ocean and coastline.  The unit has two terraces and could be a 3 bedroom condo – it is currently a 2 bedroom unit with an open den.

Unit 1201 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo has just been listed for sale for $1,295,000this 3 bedroom 2 bathroom 2318 square foot unit has a list price to square foot price of $559.00

Unit 1201 is a Carlyle Model in L’Hermitage Tower II!

This Galt Ocean Mile condo offers stunning ocean views and has a a wrap around balcony.  This condo is currently set up as a 2 bedrooms unit and can easily convert to a 3 bedroom unit. The condo features: floor to ceiling impact windows and doors, marble flooring throughout and an impressive master suite with walk-in closet. 

Unit 2205 a 2 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $999,999 is now pending sale – this 2 bedroom 2 bathroom 1634 square foot unit has a list price to square foot price of $612.00

Unit 2205 is a Fairview Model in L’Hermitage Tower I!

This Galt Ocean Mile condo offers ocean views from every room.  The unit features an open floor plan with split bedrooms, modern finishes and has been freshly painted. Unit 2205 has a new refrigerator, dishwasher and oven.

View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale recently sold Unit 2309
View Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd recently sold Unit 2309

L’Hermitage Condos
Sales Last 6 Months

There have been 7 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months – down from our last post!

In our last post for January 2020 / February 2020 there had been 9 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 7 units is presented below.

 

BEDS / BATHS

LA

SP$

Min

2 / 2

2,086

$975,000

Max

3 / 3

2,762

$2,985,000

Avg

3 / 2

2,269

$1,587,857

Median

3 / 2

2,100

$1,300,000

We can see from this report that the average price of a Galt Ocean Mile condo sold in L’Hermitage over the last 6 months has been $1,587,857 – this being for a 3 bedroom 2 bathroom unit of 2,269 square feet.

We can also see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,300,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet – this is the same as in our last post for January 2020 / February 2020!

In our prior post for November 2019 / December 2019 the the median price of a condo sold in L’Hermitage over the preceding 6 months was lower at $1,265,000 – this being for a 3 bedroom 2 bathroom unit of 2325 square feet

It is also useful to look at median sales prices by bedroom – which we do below!

L’Hermitage Condos
Sales Prices by Bedroom

Here is our market summary report showing sales prices for L’Hermitage Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS

LA

SP$

SP$/SqFt

2 / 2

2,086

$1,510,000

$724.00

3 / 2

2,101

$1,272,500

$608.00

We can see from this report that that the median sales price for:

  • 2 Bedroom L’Hermitage condos sold has been $1,510,000* this being for a unit of 2,086 square feet with a list price to square foot price of $724.00.  In our last post the median for 2 Bedroom L’Hermitage condos was the same at $1,510,000* – this being for a unit of 2,086 square feet with a list price to square foot price of $724.00.

  • 3 Bedroom 2 Bathroom units sold has been $1,272,500 – this being for a unit of 2101 square feet with a list price to square foot price of $608.00.  In our last post the median for 3 Bedroom L’Hermitage condos was slightly higher at $1,290,000 – this being for a unit of 2332 square feet with a list price to square foot price of $601.00.

* Note only 1 x 2 bedroom unit has been sold over that 6 month period!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for L’Hermitage Galt Ocean Mile condos over the last 6 months.

 

SP$/SqFt

Min

$467.00

Max

$1,122.00

Avg

$682.00

Median

$623.00

We can see from this report that the median sales price to square foot price paid for a L’Hermitage condo sold over the last 6 months has been $623.00 per square foot – up from $609.00 in our last post and $598.00 as in our prior post!

Important to note is the highest square foot price paid at $1,122.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for L’Hermitage 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

87%

Max

100%

Avg

93%

Median

93%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage has been 93%

This means if a Luxury Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,500,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $1,395,000.

It is important to note that this is down from 95% as in our last post!

Days on Market

Days on market for L’Hermitage Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months

 

DOM

Min

82

Max

333

Avg

209

Median

210

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 209 days or just under 7 months.

More importantly however is the median days on market at 210 days or 7 months – this is that same as in our last post!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

L’Hermitage
Condo Sales Itemized

Here is the data for each of the luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months 

 

BEDS / BATHS

LA

SP$

Unit 2310

3 / 3

2,661

$2,985,000

Unit 2309

3 / 3

2,762

$2,000,000

Unit 1402

3 / 2

2,086

$1,300,000

Unit 2403

3 / 2

2,102

$1,245,000

Unit 903

3 / 3

2,100

$1,100,000

Unit 1602

3 / 2

2,086

$975,000

We can see from this report the details for each condo sold – including the most expensive sale(s) over the last 6 months, which was for Unit 2310 a 3 bedroom 3 bathroom luxury condo which sold for $2,985,000!

Unit 2310 sold for $1,122.00 per square foot.

The condo had 148 days on market and sold for 99.7% of its list price!

Kevin_Wirth_on_Galt_Ocean_Mile

I hope you have enjoyed my post on Luxury Fort Lauderdale condos for sale here in  L’Hermitage

By Kevin Wirth P.A. Realtor

This statistical report on comparable L’Hermitage properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. 

This report is based on information which is the © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.