View Galt Ocean Mile condo for sale Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale

Playa Del Sol Condos

Playa Del Sol
Galt Ocean Mile Condos

Welcome to my November 2019 / December 2019 Blog on Playa Del Sol Galt Ocean Mile condos for sale Fort Lauderdale

Playa del Sol is a direct oceanfront complex set here on the famous Galt Ocean Mile

Search Playa Del Sol Condos for Sale 

 

At the time of writing this Blog there are 5 oceanfront condos for sale at Playa Del Sol  – 2 of which are new listings.

There have been 5 sales recorded in the MLS over the last 6 months and 2 unit 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 %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Playa del Sol – Important information for both buyers and sellers!

Playa del Sol
Galt Ocean Mile – Key Statistics
Playa Del Sol Condo Association – Condominium Complex
Address: 3500 Galt Ocean Dr, Fort Lauderdale
  • Prices from $475,000 – $659,000
  • Median List Price $549,900
    – 2 Bedroom  / 2 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $465,000
     2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $294.00
  • Median Sales to List Price 92%
  • Days on Market 51 Days 
Aerial view Playa del Sol condominium 3500 Galt Ocean Drive Fort Lauderdale
Aerial view of Playa del Sol condominium 3500 Galt Ocean Drive, Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 5 x Playa del Sol Galt Ocean Mile condos for sale. 

This is up from the 3 x Playa del Sol condos for sale as in our last post for July 2019 / August 2019

Our market analysis report for these 5 x Galt Ocean Mile condos for sale in presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,153 $475,000
Max 2 / 2 1,821 $659,000
Avg 2 / 2 1,456 $558,680
Median 2 / 2 1,435 $549,900

This report shows us that the average price for a condo here in Playa del Sol is $558,680 and the median price is $549,900 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

In our last post the average price for a condo here in Playa del Sol was $421,667 and the median price was $440,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

In our prior post the average price for a condo here in Playa del Sol was $567,967 and the median price is $575,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

Playa Del Sol
Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos by bedroom.

Our market summary report for condos for sale in Playa del Sol by bedroom is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,153 $475,000 $412.00
2 / 2 1,435 $574,700 $373.00

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

  • 1 Bedroom Playa del Sol condos for sale is $475,000 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a list price to square foot price of $412.00 – In our last post there we no 1 bedroom units for sale – In our prior post median for 1 Bedroom units for sale was lower at $275,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $227.00
  • 2 Bedroom Playa del Sol condos for sale is $574,700 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $373.00 – In our last post the median for 2 Bedroom units for sale was lower at $495,000 – this being for a 2 bedroom 2 bathroom unit of 1603 square feet with a list price to square foot price of $309.00
  • There are currently no 3 Bedroom Playa del Sol condos for sale – In the last post when 3 bedroom units were for sale the median for 3 Bedroom Playa del Sol condos for sale was $850,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $397.00
View Galt Ocean Mile condo just listed for sale Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale - Unit 702
View Galt Ocean Mile condo just listed for sale Playa del Sol 3500 Galt Ocean Drive Unit 702

Playa Del Sol Condos
New Listings – Last 30 Days

There has been 2 new listings of a Playa del Sol Galt Ocean Mile condos for sale over the last 30 days

Our market analysis report for these new listings is presented below:

BEDS / BATHS LA LP$
Unit 2112A 1 / 1 1,153 $475,000
Unit 702 2 / 2 1,435 $599,500

We can see from this report that:

Unit 2112A a 1 bedroom Playa del Sol condo has just been listed for sale for $475,000this 1 bedroom 1 bathroom 1153 square foot unit has a list price to square foot price of $412.00

Unit 2112A offers stunning views from one of the most sought after and rarely available corner units on the beach. With 270 degree interior views high in the sky, this home will simply take your breath away, from sunrise to sunset thru the night with its city lights skyline.

This Galt Ocean Mile condo for sale is completely renovated with the highest quality workmanship and uncompromising taste.  The unit features “two” premium deeded parking spaces makes this home simply priceless!

Unit 702 a 2 bedroom Playa del Sol condo has just been listed for sale for $599,500this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $418.00

Unit 702 is one of the nicest 2 bed 2 bathroom condos for sale in the prestigious Playa Del Sol with South-East views of the Atlantic Ocean and the pool.

This Galt Ocean Mile condo for sale features: a designer kitchen with GE profile appliances – The Kitchen was opened up and makes unit feel more spacious, garage parking and a full sized washer and dryer. 


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale - Unit 2403
View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive Unit 2403

Playa Del Sol Sales

In this section of this post we take time to review pending sales and sales over the last 6 months.

Playa Del Sol
Pending Condo Sales

There are currently 2 x Playa del Sol Galt Ocean Mile condo under contract and pending sale – In our last post there was just 1 condo pending sale!

The market analysis report for these 2 condos is presented below.

BEDS / BATHS LA LP$
Unit 509 1 / 1 1,209 $265,000
Unit 1015 2 / 2 1,435 $480,000

We can see from this report that:

Playa del Sol Unit 509 a 1 bedroom condo offered for sale for $265,000 is now pending salethis 1 bedroom 1 bathroom 1209 square foot unit had a list price to square foot price of $219.00

Unit 509 is a “Huge” 1 bedroom 1.5 bathroom condo with over 1200 square feet of space to enjoy. The large living area allows you enough space for your furniture as well as a dining area.

This Galt Ocean Mile condo featres: a bedroom includes walk in closet as well as separate closet for storage, a large storage locker on the same floor, a washer/dryer in the unit and deeded parking space in covered garage. 

This unit has gorgeous views of the intracoastal and sunsets.

Playa del Sol Unit 1015 a 2 bedroom condo offered for sale for $480,000 is now pending salethis 2 bedroom 2 bathroom 1435 square foot unit had a list price to square foot price of $334.00

Unit 1015 offers impact windows and doors throughout, has a newer A/C and hot water heater. Solar shades allow you to see light, without letting the sun in.   

This Galt Ocean Mile condo features a remodeled kitchen and bathrooms and there is a washer and dryer in the unit.

View Galt Ocean Mile condos for sale Fort Lauderdale
Great beach view of some of our Galt Ocean Mile condos for sale here in Fort Lauderdale

Playa Del Sol
Sales Last 6 Months

There have been 5 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months – all of these sales being for 2 bedroom units

This is the same number of sales as in our last post covering the preceding 6 months – this post was dated July 2019 / August 2019

The market analysis report for these 5 x Playa Del Sol condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,209 $250,000
Max 2 / 2 1,771 $520,000
Avg 2 / 2 1,457 $432,000
Median 2 / 2 1,435 $465,000

We can see from this report that the average sales price for a unit here in Playa Del Sol has been $432,000 – this being based on a 2 bedroom 2 bathroom unit.

We can also see from this report that the median sales price for a unit here in Playa Del Sol has been $465,000 – this being based on a 2 bedroom 2 bathroom unit.

In our last post the median sales price for a unit here in Playa Del Sol was a little higher at $475,000 – this also being based on a 2 bedroom 2 bathroom unit.

We can also see from this report that the highest sale recorded on the MLS over the last 6 months has been $520,000 – this being for a 2 bedroom 2 bathroom unit.

Playa Del Sol
Sales Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos sold over the last 6 months by bedroom.

Our market summary report for sales prices for condos sold here in Playa del Sol by bedroom is presented below.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,209 $250,000 $207.00
2 / 2 1,435 $492,500 $309.00

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

  • 1 Bedroom Playa del Sol condos sold has been $250,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $207.00 – In our last post there has been no 1 bedroom units sold – In our prior post the median sales price for 1 Bedroom Playa del Sol condos sold was $287,500 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $238.00
  • 2 Bedroom Playa del Sol condos sold has been $492,500 this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $309.00 – In our last post the median for 2 Bedroom Playa del Sol condos sold was lower at $475,000 – this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a list price to square foot price of $305.00
  • There have been no 3 Bedroom Playa del Sol condos sold over the last 6 months – In the last post when 3 bedroom units had been sold the median for a 3 Bedroom Playa del Sol condos sold was $835,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $390.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Playa del Sol Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $207.00
Max $362.00
Avg $294.00
Median $294.00

We can see from this report that the median sales price to square foot price paid for a condo sold here in Playa del Sol over the last 6 months has been $294.00 per square foot which is down from $305.00 as in our last post!

It is important to note the highest square foot price paid at $362.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Playa del Sol 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 90%
Max 98%
Avg 93%
Median 92%

We can see from this report that the median sales price to list price has been 92% – this is down from 95% as in our last post!

This means if a Fort Lauderdale condo for sale here in Playa del Sol is listed at $550,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $506,000.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Playa del Sol is an important indicator on how strong demand is for condos in this complex..

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

DOM
Min 9
Max 270
Avg 98
Median 51

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in Playa del Sol is 98 days or just over 3 months!

We can also see that the median days on market at 51 days – down from 71 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.

Playa del Sol
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Playa del Sol Galt Ocean Mile.

BEDS / BATHS LA SP$
Unit 2403 2 / 2 1,435 $520,000
Unit 711 2 / 2 1,771 $520,000
Unit 416 2 / 2 1,435 $465,000
Unit 415 2 / 2 1,435 $405,000
Unit 1108 1 / 1 1,209 $250,000

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 2403 a 2 bedroom Playa del Sol condo which sold for $520,000 – This 2 bedroom 2 bathroom 1771 square foot unit had a sales price to square foot price of $362.00!

Unit 2403 sold for 90% of list price and had 147 days on the market!

This Galt Ocean Mile condo is a completely remodeled condo and offers great South East ocean views.

The condo features: tile floors throughout, crown molding, a split bedroom floor plan, deeded garage parking and a washer and dryer inside the unit!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Playa del Sol Galt Ocean Mile condos are units set in one of the Iconic Galt Mile condominiums – and the complex offers great amenities and a prime direct oceanfront location.

We currently have a nice range of condos for sale with 5 units for sale. 

Sales have been strong over the last 6 months 5 units sold and 2 units currently pending sale!

Now we are in Season I am expecting buyer activity to be on the up!

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Playa Del Sol – Kevin Wirth Realtor.