Ocean Summit
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our July 2020 / August 2020 pricing guide for Ocean Summit Galt Ocean Mile condos for sale 4010 Galt Ocean Drive Fort Lauderdale Florida.
Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Search Ocean Summit Condos for Sale
Currently there are 5 condos for sale here in Ocean Summit – 3 of which are a new listings.
There have been 5 sales over the last 12 months – and 1 unit is 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 %) as well as the highest prices paid for both 1, 2 and 3 bedrooms units over the last 6 – 12 months!
We also compare recent sales trends in Ocean Summit – Important information for both buyers and sellers!
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 $324,999 – $484,900
Median Prices
- Median List Price $369,900
– 2 Bedroom 2 Bathroom Unit
- 5 Sales Last 12 Months
- Median Sales Price $327,500
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $309.00
- Sales to List Price 89%
- Days on Market 84 Days
Ocean Summit
Condos for Sale
There are 5 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida
Our market analysis report for these 5 units is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 850 | $324,999 |
| Max | 2 / 2 | 1,190 | $484,900 |
| Avg | 2 / 2 | 1,036 | $381,760 |
| Median | 2 / 2 | 1,100 | $369,900 |
We can see from this report that the average price for Galt Ocean Mile condo for sale in Ocean Summit is $381,760 – this being for a 2 bedroom 2 bathroom unit!
We can also see that the median price for Fort Lauderdale condo for sale in Ocean Summit is $369,900 – this also being for a 2 bedroom 2 bathroom unit
Median List Prices
By Bedroom
Here is our market summary report for median list prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 850 | $337,000 | $396.00 |
| 2 / 2 | 1,190 | $380,000 | $345.00 |
We can see from this report that the median price for:
- 1 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $337,500 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $396.00 – In our last post the median price for 1 bedroom condos was lower at $322,500 – this being for a 1 bedroom 1 bathroom unit of 860 square feet with a list price to square foot price of $375.00
- 2 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $380,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $345.00 – In our last post the median price for 2 bedroom condos was higher at $449,950 – this being for a 2 bedroom 2 bathroom unit of 1240 square feet with a list price to square foot price of $322.00
- There are currently no 3 Bedroom Ocean Summit Galt Ocean Mile condos for sale – However in the last post when 3 bedroom units were for sale the median price for a 3 bedroom unit was $655,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $431.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
Email: kevinsellsmore @gmail.com
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View Galt Ocean Mile New Listings
Ocean Summit
New Listings
There have been 3 new listings of Ocean Summit Galt Ocean Mile condos for sale over the last 30 days – up from our last post!
In our last post there was just 1 new listing – This was for Ocean Summit Unit 308 a 1 bedroom condo!
Our market analysis report for these units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 501 | 2 / 2 | 1,100 | $380,000 |
| Unit 312 | 2 / 2 | 1,190 | $369,900 |
| Unit 515 | 1 / 1 | 850 | $324,999 |
We can see from this report that:
Unit 501 a 2 bedroom Ocean Summit condo has just been listed for sale for $380,000 – this 2 bedroom 2 bathroom 1100 square foot unit has a list price to square foot price of $345.00
Unit 501 offers North-side ocean views and has Hurricane impact windows!
This Galt Ocean Mile condo for sale features: New flooring and updated Stainless Steel appliances. There is open parking in marked resident spots. The unit has a Washer/Dryer.
Unit 312 a 2 bedroom Ocean Summit condo has just been listed for sale for $369,900 – this 2 bedroom 2 bathroom 1190 square foot unit has a list price to square foot price of $311.00
Unit 312 is an Immaculate, updated, corner beachfront condo with ocean and city views.
This Galt Ocean Mile condo for sale features: an open floor plan. ceramic tile on diagonal in living area and a Washer/Dryer. The unit has hurricane impact windows and doors and spacious master en suite.
Unit 515 a 1 bedroom Ocean Summit condo has just been listed for sale for $324,999 – this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $382.00
Unit 515 is an Immaculate unit with views of the city and ocean.
This Galt Ocean Mile condominium offers resident parking, guest parking and additional storage units.
Ocean Summit
Pending & Recent Sales
Here are the reports for pending sales and sales of condo over the last 6 months.
Ocean Summit
Pending Sales
There are currently 1 x Ocean Summit Galt Ocean Mile condo pending sale here in Ocean Summit Galt Ocean Mile
It is important to note that this is up from no units pending sale as in our last 4 posts!
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1010 | 2 / 2 | 1,290 | $385,000 |
We can see from this report that Unit 1010 a 2 bedroom Ocean Summit condo listed for sale for $385,000 is now pending sale – this 2 bedroom 2 bathroom 1290 square foot unit has a list price to square foot price of $298.00
Unit 1010 offers amazing southeast ocean views. This meticulously cared for. iocean and city views from large balcony
This Galt Ocean Mile condo features: Impact windows and balcony door, wood floors and a garage parking space.
Ocean Summit
Sales Last 6 Months
There have been just 1 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months
The market summary report for this sale is presented below:
| BEDS / BATHS | LA | SP$ | |
| Unit 308 | 1 / 1 | 870 | $321,600 |
We can see from this report that:
Unit 308 a 1 bedroom Ocean Summit condo sold for $321,600 – this 1 bedroom 1 bathroom 870 square foot unit had a sales price to square foot price of $370.00
Unit 308 has been renovated from top to bottom with the highest end materials you can buy.
This Galt Ocean Mile condo features: all high end Wood and tile flooring, all impact windows and doors, all new Gallery appliances, a wine cooler and a washer and dryer in unit.
This unit offers amazing ocean views from its over-sized balcony.
Also note the:
- Sales Price to List Price at 96%
- Days on Market at just 19 Days
Ocean Summit
Sales Last 12 Months
There have been 5 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months
The market summary report for these 5 sales is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 870 | $256,000 |
| Max | 2 / 2 | 1,300 | $417,000 |
| Avg | 2 / 2 | 1,140 | $331,420 |
| Median | 2 / 2 | 1,195 | $327,500 |
We can see from this report that the median sales price over the last 12 months has been $327,500 – this being for a 2 bedroom 2 bathroom unit of 1195 square feet!
Note the median:
- Sales Price to Square Foot Price at $309.00
- Sales Price to List Price at 89%
- Days on Market at 84 Days
Ocean Summit Condos
Sales Prices by Bedroom
Here is our summary report showing the median sales prices by bedroom for all of the Ocean Summit Galt Ocean Mile condos sold over the last 12 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 870 | $288,800 | $370.00 |
| 2 / 2 | 1,290 | $335,000 | $298.00 |
We can see from this report that the median sales price for:
- 1 Bedroom Ocean Summit condos sold has been $288,800 – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a sales price to square foot price of $370.00.
- 2 Bedroom Ocean Summit condos sold has been $335,000 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a sales price to square foot price of $298.00.
My Thoughts / Summary
Ocean Summit Galt Ocean Mile condos for sale are units set in a great complex set right on the beach here on Galt Mile in Fort Lauderdale.
We currently have 5 units for sale – a mix of 1 and 2 bedroom units!
Buyer activity and sales had been very slow over the last few months due in my mind largely to the Corona Virus!
Buyer activity has picked up and I am pleased to report 1 unit is now pending sale!
I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit
Kevin Wirth Realtor
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