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

Playa Del Sol Condos

Playa del Sol
Galt Ocean Mile Condos
2021 Pricing Guide

Welcome to our June 2021 / July 2021 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 just 4 oceanfront condos for sale at Playa Del Sol – 2 of which are new listing (both 2 bedroom 2 bathroom units) 

There have been 12 sales recorded in the MLS over the last 6 months and 6 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 $549,000 – $749,000
  • Median List Price $668,250
    – 2 Bedroom  / 2 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $575,000
    2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $371.00
  • Median Sales to List Price 94%
  • Days on Market 60 Days 
Aerial view Galt Ocean Mile condominium Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale
Aerial Galt Ocean Mile condominium Playa del Sol 3500 Galt Ocean Drive in Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 4 x Playa del Sol Galt Ocean Mile condos for sale here in Fort Lauderdale. 

This is well down from the 8 x Playa del Sol condos for sale as in our last post for February 2021 / March 2021

Our market analysis report for these 4 x Galt Ocean Mile condos for sale in presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,088 $549,000
Max 2 / 2 1,771 $749,999
Avg 2 / 2 1,432 $658,875
Median 2 / 2 1,435 $668,250

This report shows us that the average price for a condo here in Playa del Sol is $658,875 – this being for a 2 bedroom 2 bathroom unit of 1432 square feet.

In our last post the average price for a condo here in Playa del Sol was lower at $547,000 – this being for a 2 bedroom 2 bathroom unit of 1353 square feet.

This report also shows us that the median price for a condo here in Playa del Sol is $668,250 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

In our last post the the median price for a condo here in Playa del Sol was also much lower at $517,000 – 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 $749,999 and the least expensive unit for sale is a 1 bedroom condo offered for sale at $549,000.

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
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 1,088 $597,500 $549.00
2 / 2 1,435 $739,000 $423.00

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

  • 1 Bedroom Playa del Sol condos for sale is $597,500 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $549.00 – In our last post the median was much lower at $398,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $366.00
  • 2 Bedroom Playa del Sol condos for sale is $739,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $423.00 – In our last post the median for 2 Bedroom units for sale was also much lower at $571,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $398.00
  • There are currently no 3 Bedroom Playa del Sol condos for sale – The same as in our last post – In our last post when 3 Bedroom Playa del Sol condos for sale the median sales price was $999,900 – this being for a 2 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $467.00
View 2 bedroom Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale
View 2 bedroom Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale

Playa Del Sol Condos
New Listings – Last 30 Days

There have been 2 new listing of a Playa del Sol Galt Ocean Mile condo for sale over the last 30 days – both 2 bedroom units.

In our last post there was 1 new listing – this also being a 2 bedroom 2 bathroom unit!

Our market analysis report for these 2 new listings is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,435 $739,000
Max 2 / 2 1,771 $749,999
Median 2 / 2 1,603 $744,500

We can see from this report that the median price for a new listing here in Playa del Sol Galt Ocean Mile is $744,000 – this being for a 2 bedroom 2 bathroom unit of 1603 square feet.


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 1 bedroom Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale recently sold Unit 704
1 bedroom Galt Ocean Mile condo Playa del Sol 3500 Galt Ocean Drive recently sold Unit 704

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 is currently 6 x Playa del Sol Galt Ocean Mile condos under contract and pending sale – 1 x 1 bedroom unit and 5 x 2 bedroom units!

In our last post there were 3 condo pending sale – all 2 bedroom units – Unit 2603, Unit 911 and Unit 1503.

Our market summary report for these units is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,088 $398,000 $366.00
2 / 2 1,435 $569,000 $394.00

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

  • 1 Bedroom Playa del Sol Galt Ocean Mile condos currently under contract and pending sale is $398,000this being for a 1 bedroom 1 bathroom 1088 square foot unit with a list price to square foot price of $366.00
  • 2 Bedroom Playa del Sol Galt Ocean Mile condos currently under contract and pending sale is $569,000this being for a 2 bedroom 2 bathroom 1435 square foot unit with a list price to square foot price of $394.00

Playa Del Sol
Sales Last 6 Months

There have been 12 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months 

This is up from 9 sales as in our last post for February 2021 / March 2021!

The market analysis report for these 12 x Playa Del condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,088 $355,000
Max 3 / 2 2,140 $1,385,000
Avg 2 / 2 1,537 $621,500
Median 2 / 2 1,435 $575,000

We can see from this report that the average sales price for a unit recently sold here in Playa Del Sol has been $621,500 – this being for a 2 bedroom 2 bathroom unit.

In our last post the average sales price for a unit sold here in Playa Del Sol over the preceding 6 months was lower at $595,000 – this being for a 2 bedroom 2 bathroom unit.

We can also see from this report that the median sales price for a unit recently sold here in Playa Del Sol has been $575,000 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median sales price for a unit here in Playa Del Sol was also lower at $510,000 – this being for a 2 bedroom 2 bathroom unit.

Playa Del Sol
Sales Prices by Bedroom

A useful guide is to look to median sales 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 1,088 $429,000 $380.00
2 / 2 1,603 $614,500 $365.00
3 / 2 2,140 $1,385,000 $647.00

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

  • 1 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $429,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $380.00 – In our last post the median sales price for 1 Bedroom Playa del Sol condos sold was lower at $325,000 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $285.00
  • 2 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $614,500 – this being for a 2 bedroom 2 bathroom unit of 1603 square feet with a list price to square foot price of $365.00  In our last post the median for a 2 Bedroom Playa del Sol condos sold was $570,000 – this being for a 2 bedroom 2 bathroom unit of 1437 square feet with a list price to square foot price of $355.00
  • 3 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $1,385,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $647.00 – In our last post the median for a 3 Bedroom Playa del Sol condos sold was lower at $1,152,500 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $539.00

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 $326.00
Max $647.00
Avg $397.00
Median $371.00

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 $371.00 per square foot which is up from $355.00 in our last post, $349.00 in our prior post and $341.00 in our earlier post!

It is important to note the highest square foot price paid at $647.00 – the same as in our last post!

% 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 89%
Max 99%
Avg 95%
Median 94%

We can see from this report that the median sales price to list price has been 94% – down from 97% as in our last post!

This means if a Fort Lauderdale condo for sale here in Playa del Sol is listed at $650,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $611,000.

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 10
Max 180
Avg 76
Median 60

We can see from this report that the median days on market at 60 days or just 2 months

It is important to note that this is down from 128 days as in our last post, 172 days as in our prior post and 214 days as in our earlier 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 2601 3 / 2 2,140 $1,385,000
Unit 510 2 / 2 1,821 $700,000
Unit 706 2 / 2 1,821 $675,000
Unit 1010 2 / 2 1,821 $655,000
Unit 2603 2 / 2 1,435 $649,000
Unit 911 2 / 2 1,771 $580,000
Unit 702 2 / 2 1,435 $570,000
Unit 2505A 1 / 1 1,153 $500,000
Unit 203 2 / 2 1,435 $490,000
Unit 715 2 / 2 1,435 $470,000
Unit 704 1 / 1 1,088 $429,000
Unit 504 1 / 1 1,088 $355,000

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 2601 a 3 bedroom Playa del Sol condo which sold for $1,385,000 – This 3 bedroom 2 bathroom 2140 square foot unit had a sales price to square foot price of $647.00!

Unit 2601 sold for 95% of list price and had just 25 days on the market!

It is important to note the sales of Unit 2601 set a record as the highest sale every recorded in Playa del Sol – based on MLS records!

Playa del Sol Unit 2601

Unit 2601 offers stunning direct ocean, shoreline and city views!

No stone was left unturned in this truly remarkable professionally designed and rarely available South East corner unit.   The units floor plan has been completely refigured for ultimate space usage, convenience and comfort.

This Galt Ocean Mile condo features: a chef’s kitchen with Sub-Zero and Miele appliances, impact windows with automatic shades and blackouts throughout.  You will love the detailed craftmanship in all rooms including state of the art custom bathrooms.

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 4 condos for sale – a mix of 1 and 2 bedroom units. 

I am pleased to report that sales have continued to pick up despite the Corona Virus and that we have had 12sales over the last 6 months and 6 units pending sale!

It is also great to see the sale of Unit 2601 for $1,385,000 – which sets the record for the most expensive unit ever sold in Playa del Sol.

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