Views Galt Ocean Mile condo for sale Ocean Club 4020 Galt Ocean Drive Fort Lauderdale Florida

Ocean Club Condos

Ocean Club Condos
4020 Galt Ocean Drive

Weclome to our December 2019 / January 2020 post on Ocean Club Condos 4020 Galt Ocean Drive Fort Lauderdale.

Fort Lauderdale condos for sale here in Ocean Club are set right on the sand on the famous Galt Ocean Mile beach.

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There are currently 11 condos for sale in the complex – 3 of which are new listings – all of the new listings are 2 bedroom units!

There have been 5 closed sales over the last 6 months and 1 unit is pending sale – also a 2 bedroom unit!

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 in Ocean Club – Important information for both buyers and sellers!

Ocean Club Condos
4020 Galt Ocean Drive – Key Statistics

Here are some key statistics for Ocean Club Condos 4020 Galt Ocean Drive – Statistics useful to both Buyers and Sellers!

  • Prices from $279,900 to $549,000 
  • Median List Price $425,000
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Median Sales Price last 6 Months $446,500
    –  2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $270.00
  • Sales to List Price 93%
  • Days on Market 38 Days
Aerial view Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
Aerial view Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

Ocean Club
Condos for Sale

Currently there are 11 x Ocean Club Galt Ocean Mile condos for sale – this is up slightly from the 10 x Ocean Club Condos for sale as per our last post for October 2019 / November 2019 

The market analysis report for the 11 x Ocean Club Condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,166 $279,900
Max 2 / 2 1,907 $549,000
Avg 2 / 2 1,526 $420,436
Median 2 / 2 1,514 $425,000

We can see from this report that the average price for a Galt Ocean Mile condo for sale here in Ocean Club is $420,436 – this being for a 2 bedroom 2 bathroom unit.

We can also see from this report that the median price for a condo for sale here in Ocean Club is $425,000 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median price for a condo for sale here in Ocean Club was ever so slightly lower at $424,894 – this being for a 2 bedroom 2 bathroom unit.

It is also important to note that the most expensive unit for sale in Ocean Club is listed for sale for $549,000 and the least expensive unit for sale is listed for sale at $279,900!

Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale
Aerial view Ocean Club Condos 4020 Galt Ocean Drive on Galt Ocean Mile

Ocean Club Condos
4020 Galt Ocean Drive
Prices by Bedroom

Here are the median prices by bedroom for all Ocean Club condos 4020 Galt Ocean Drive.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,200 $298,000 $233.00
2 / 2 1,596 $454,450 $281.00

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

  • 1 Bedroom Ocean Club condos for sale is $298,000 – this being for a 1 bedroom unit of 1,200 square feet with a list price to square foot price of $233.00 – In our last post the median for 1 Bedroom Ocean Club condos for sale was a little higher at $304,900 – this being for a 1 bedroom unit of 1,200 square feet with a list price to square foot price of $233.00
  • 2 Bedroom Ocean Club condos for sale is units currently for sale is $454,450 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $281.00 – In our last post the median for 2 Bedroom Ocean Club condos for sale is units currently for sale was much higher at $649,999 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $268.00
  • There are currently no 3 Bedroom Ocean Club condos for sale!

View Galt Ocean Mile condo just listed for sale Ocean Club 4020 Galt Ocean Drive Fort Lauderdale - Unit 1807
View Galt Ocean Mile condo just listed for sale Ocean Club 4020 Galt Ocean Drive – Unit 1807

Ocean Club
New Listings – Last 30 Days

There has been 3 new listings of Galt Ocean Mile condos for sale here in Ocean Club over the last 30 days all 2 bedroom units!

The market analysis report for these new listings is presented below.

BEDS / BATHS LA LP$
Unit 1802 2 / 2 1,716 $549,000
Unit 1807 2 / 2 1,356 $469,900
Unit 506 2 / 2 1,907 $425,000
Median 2 / 2 1,716 $469,900

We can see from this report that

Unit 1802 a 2 bedroom unit has just been listed for sale for $549,000 – this 2 bedroom 2 bathroom 1716 square foot unit has a list price to square foot price of $320.00

Unit 1802 is a Penthouse corner condo with wide ocean views and city views all the way to downtown Fort Lauderdale!

This Galt Ocean Mile condo for sale offers a wrap around 432 square foot balcony.   The unit features: light porcelain tile flooring throughout, 40 plus feet of ceiling to floor wall to wall windows, a 9 foot ceiling, a new A/C and hot water heater! 

Unit 1807 a 2 bedroom unit has just been listed for sale for $469,900 – this 2 bedroom 2 bathroom 1356 square foot unit has a list price to square foot price of $347.00

Unit 1807 is a great penthouse in luxury high rise building with one of a kind remodeled kitchen and amazing ocean view  – Every day you can enjoy stunning sunrise and sunset from your huge balcony!

This Galt Ocean Mile condo for sale is a very bright unit and features: floor and ceiling windows maximize the panoramic views. a new washer and dryer, new wine cooler, new electric range and new microwave.  The unit has tile throughout and split bedrooms.

Unit 506 a 2 bedroom unit has just been listed for sale for $425,000 – this 2 bedroom 2 bathroom 1907 square foot unit has a list price to square foot price of $223.00

Unit 506 is a beautifully maintained condo in pristine condition in the highly sought after Ocean Club!

This Galt Ocean Mile condo for sale features: a massive floor plan and boasts over 1900 square feet – so is very spacious. Indulge in ocean and Intracoastal / city skyline views while drinking your coffee or sipping cocktails on your over-sized balcony.   The unit has built-in walk in closets and over-sized bedrooms.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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View Galt Ocean Mile condo for sale Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo for sale Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

Ocean Club Condos
Recent & Pending Sales

In this section of the post we look at Ocean Club’s pending sales and sales over the last 6 months.

Ocean Club
Pending Condo Sales

There is currently 1 x Ocean Club condo under contract and pending sale

Our market analysis report for this unit is presented below

BEDS / BATHS LA LP$
Unit 606 2 / 2 1,907 $375,000

We can see from this report that Unit 606 a 2 bedroom unit listed for $375,000 is now pending salethis 2 bedroom 2 bathroom 1907 square foot unit has a list price to square foot price of $197.00

Unit 606 is in original condition and is ready to be remodeled!

This Galt Ocean Mile condo has terrific square footage with over 1900 square feet- and is an opportunity to buy at a great price.

Unit 606 was pending sale in our last report also!

Ocean Club
Condo Sales – Last 6 Months

There have been 5 x Galt Ocean Mile condos sold here in Ocean Club over the last 6 months – This is the same number of sales over the preceding 6 months as in our last post!

The market analysis report for these 5 sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,356 $365,000
Max 2 / 2 1,716 $556,000
Avg 2 / 2 1,601 $460,500
Median 2 / 2 1,645 $446,500

We can see from this report that the average price for a unit sold in Ocean Club has been $460,500 this being for a 2 bedroom 2 bathroom unit of 1601 square feet.

We can also see from this report that the median price for a unit sold in Ocean Club has been $446,500 this being for a 2 bedroom 2 bathroom unit of 1596 square feet

It is important to note that the median price for a Ocean Club condo sold over the last 6 months is the same as in our last post!

Sales Price to
Square Foot Price

An important factor in looking a sales of Fort Lauderdale condos here in Ocean Club is the sales price to square foot price paid for condos.

Our market summary report for sales over the last 6 months is presented below.

SP$/SqFt
Min $216.00
Max $361.00
Avg $279.00
Median $270.00

We can see from this report that median price paid over the last 6 months has been $270.00 per square foot

It is important to note that this is down from $280.00 as in our last post which was down from $294.00 as in our prior post!

It is also important to note that highest square foot price paid at $361.00 per square foot!

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for Ocean Club Condos 4020 Galt Ocean Drive – 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 80%
Max 99%
Avg 92%
Median 93%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  over the last 6 months has been well down at 93%

It is important to note that in our last post the median sales price to list price was much higher at 98% – up from 96% as in our prior post!

This means if a Fort Lauderdale condo for sale here in Ocean Club is listed at $450,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $418,500.

Days on Market

Days on market for Condos for Sale in Ocean Club is another important indicator on how strong demand is for Fort Lauderdale 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 14
Max 105
Avg 54
Median 38

We can see from this report that median days on market is 38 days or just over 5 weeks!

Note: this is well down from 91 days 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

Ocean Club
Condo Sales Itemized

Here is the sales data for Ocean Club Condos 4020 Galt Ocean Drive – based on condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 111 2 / 2 1,645 $556,000
Unit 707 2 / 2 1,356 $490,000
Unit 604 2 / 2 1,596 $446,500
Unit 1602 2 / 2 1,716 $445,000
Unit 702 2 / 2 1,690 $365,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 111 a 2 bedroom condo which sold for $556,000

Unit 111 was a 2 bedroom 2 bathroom 1645 square foot unit and sold for $338.00 per square foot.

This condo sold for 88% if list price and had just 38 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club Condos 4020 Galt Ocean Drive are units in a great complex set right on the sand here on our famous Galt Mile!

Currently we have a really good range of direct oceanfront condos for sale with a total of 11 units for sale!

Sales have remained solid over the last 6 months (especially given we are out of Season) with 5 units sold and 1 unit now pending sale! 

I am confident now that we are entering Season that we shall see some strong sales over the new few months!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale in Ocean Club – by Kevin Wirth Realtor.