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

Playa Del Sol Condos

Playa del Sol
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our July 2020 / August 2020 pricing guide for Playa del Sol Galt Ocean Mile condos for sale 3500 Galt Ocean Drive Fort Lauderdale Florida.

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

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At the time of writing this Blog there are 9 oceanfront condos for sale at Playa Del Sol 

There have been 2 sales recorded in the MLS over the last 6 months and 2 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 %) 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 $310,000 – $879,000
  • Median List Price $415,000
    – 1 Bedroom  / 1 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $495,000
    2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $349.00
  • Median Sales to List Price 94%
  • Days on Market 175 Days 
View Galt Ocean Mile condominium Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 9 x Playa del Sol Galt Ocean Mile condos for sale here in Fort Lauderdale. 

This is the same number of Playa del Sol condos for sale as in our last post for May 2020 / June 2020

Our market analysis report for these 9 x Galt Ocean Mile condos for sale in presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,088 $310,000
Max 2 / 2 2,140 $879,900
Avg 1 / 1 1,361 $501,189
Median 1 / 1 1,209 $415,000

This report shows us that the average price for a condo here in Playa del Sol is $501,189 – this being for a 1 bedroom 1 bathroom unit for 1361 square feet.

This report also shows us that the median price for a condo here in Playa del Sol is $415,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet!

In our last post the median price was higher at $460,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

Note: the most expensive unit for sale is a 2 bedroom condo offered for sale at $879,000 and the least expensive unit for sale is a 1 bedroom condo offered for sale at $310,000.

Playa Del Sol
Condos for Sale
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 1,209 $350,000 $290.00
2 / 2 1,435 $629,000 $407.00

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

  • 1 Bedroom Playa del Sol condos for sale is $350,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $290.00 – In our last post the median was the same at $350,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $290.00
  • 2 Bedroom Playa del Sol condos for sale is $629,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $407.00 – In our last post the median for 2 Bedroom units for sale was a little higher at $659,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $403.00
  • 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 Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 2104
View Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive just listed for sale Unit 2104

Playa Del Sol Condos
New Listings – Last 30 Days

There has been 1 new listing of a Playa del Sol Galt Ocean Mile condo for sale over the last 30 days – In our last post there were no new listings!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 2104 1 / 1 1,088 $398,800

We can see from this report that Unit 2104 a 1 bedroom Playa del Sol condo has just been listed for sale for $398,800this 1 bedroom 1 bathroom 1088 square foot Galt Ocean Mile condo has a list price to square foot price of $367.00

Unit 2104 offers amazing ocean and city views from its private balcony where you can enjoy both sunrises and sunsets!

This Galt Ocean Mile condo is a high floor unit and offers lots of natural light, lots of closet space, a large kitchen with stainless steel appliances. and tile throughout.

The unit is furnished and there is a washer/dryer in the unit.


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 condo Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale pending sale Unit 602
View Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive pending sale Unit 602

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 1 x Playa del Sol Galt Ocean Mile condo under contract and pending sale – a 2 bedroom unit!

In our last post there were 2 condos pending sale – both of which were also 2 bedroom units!

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 602 2 / 2 1,435 $460,000

We can see from this report that Playa del Sol Unit 602 a 2 bedroom Galt Ocean Mile condo listed for sale for $460,000 is now pending sale – this being a 2 bedroom 2 bathroom 1435 square foot unit with a list price to square foot price of $321.00 

This Galt Ocean Mile condo is updated and offers sweeping ocean views all while overlooking the tranquil pool area below.

Enjoy this unit with breathtaking views from every window! 

View Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale recently sold Unit 2112A
Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive Ft Lauderdale recently sold 2112A

Playa Del Sol
Sales Last 6 Months

There have been 3 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months – This is up from 2 sales as in our last post for May 2020 / June 2020!

The market analysis report for these 3 x Playa Del Sol condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,153 $479,000
Max 2 / 2 1,821 $635,000
Avg 2 / 2 1,470 $536,333
Median 2 / 2 1,435 $495,000

We can see from this report that the median sales price for a unit here in Playa Del Sol has been $495,000 – 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 $370,000 – this being based on a 1 bedroom 1 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 1,153 $495,000 $429.00
2 / 2 1,628 $557,000 $341.00

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

  • 1 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $495,000 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a list price to square foot price of $316.00In our last post the median sales price for 1 Bedroom Playa del Sol condos sold was much lower at $370,000 – this being for a 1 bedroom 1 bathroom unit of 1181 square feet with a list price to square foot price of $316.00
  • 2 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $557,000 – this being for a 2 bedroom 2 bathroom unit of 1628 square feet with a list price to square foot price of $341.00 In the our last post there had been no 2 bedroom condos sold over the preceding 6 months – In our prior post the median sales price for 2 Bedroom Playa del Sol condos sold was $405,000 this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $282.00
  • 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 $334.00
Max $429.00
Avg $371.00
Median $349.00

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 $316.00 per square foot which is up from $316.00 in our last post, $282.00 as in our prior post and $245.00 as in our earlier post!

It is important to note the highest square foot price paid at $429.00!

% 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 91%
Max 96%
Avg 94%
Median 94%

We can see from this report that BOTH the average and median sales price to list price has been 94% – the median is up from 93% 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 94% of that amount or $517,000.

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 76
Max 259
Avg 170
Median 175

We can see from this report that the median days on market at 175 days or just under 6 months

It is important to note that this is well up from 38 days as in our last post and 51 days as in our prior 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 602 2 / 2 1,821 $635,000
Unit 716 2 / 2 1,435 $479,000
Unit 2112A 1 / 1 1,153 $495,000

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 602 a 2 bedroom Playa del Sol condo which sold for $635,000 – This 2 bedroom 2 bathroom 1821 square foot unit had a sales price to square foot price of $349.00!

Unit 602 sold for 96% of list price and had 259 days on the market or just under 9 months!

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 1 and 2 bedroom condos for sale. 

Sales have slowed due to the Corona Virus and are only now starting to pick up!

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