View Galt Ocean Mile condo for sale Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East Condos

Plaza East Galt Ocean Mile
Condos for Sale

Welcome to our March 2019 / April 2019 post on Plaza East Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Plaza East are “direct” oceanfront units set right on the beach.  

Plaza East has 266 condos set right on the sand/beachfront here in Galt Ocean Mile.  The complex itself is actually located on Ocean Blvd and sits at the very North End of all of the Galt Ocean Mile Condominiums.

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There are currently 13 x Plaza East Galt Ocean Mile condos for sale – 4 of which are new listings

There have been 7 sales over the last 6 months and 2 units are 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 Plaza East – Important information for both buyers and sellers!

Plaza East
Galt Ocean Mile – Key Statistics 

Plaza East Condo Association
Address: 4300 N Ocean Blvd, Fort Lauderdale, FL 33308

  • Prices from $498,500 – $879,000
  • Median List Price $569,999
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $580,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $338.00
  • Median Sales to List Price 95%
  • Days on Market 168 Days

Plaza East
Condos for Sale

There are currently 13 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – the same number as in our last post!

In our last post on Plaza East Galt Ocean Mile condos for sale for December 2018 / January 2019  there were 8 condos for sale.

Our market analysis for the 13 x Plaza East condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,320 $498,500
Max 3 / 3 2,100 $879,000
Avg 2 / 2 1,538 $606,646
Median 2 / 2 1,450 $569,999

We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $606,646 – this being for a 2 bedroom 2 bathroom condo

We can also see from this report that the median price of a Galt Ocean Mile condo for sale here in Plaza East is $569,999 – this being for a 2 bedroom 2 bathroom condoup from our prior post!

In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was lower at $550,000 – this also being for a 2 bedroom 2 bathroom condo

View Plaza East condominium 4300 N Ocean Blvd Galt Ocean Mile Fort Lauderdale
View Plaza East condominium 4300 N Ocean Blvd, Galt Ocean Mile here in Fort Lauderdale

Plaza East Condos
Prices by Bedroom

Here is the market analysis report for Plaza East condos for sale showing median prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,450 $525,000 $378.00
3 / 2 2,065 $874,500 $424.00

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

  • There have been no 1 Bedroom Plaza East condos sold over the last 6 months In the last post when 1 bedroom units had been sold the median for 1 Bedroom Plaza East condos for sale was $450,000 – this being for a 1 bedroom 1 bathroom unit of 1500 square feet with a square foot price of $300.00
  • 2 Bedroom condo units for sale is $525,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $378.00 – In our last post the median for 2 Bedroom condo units for sale was higher at $550,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $371.00
  • 3 Bedroom condo unit for sale is $874,500 – this being based on a 3 bedroom 2 bathroom unit of 2065 square feet with a list price to square foot price of $424.00 – In our last post the median for 3 Bedroom condo units for sale was lower at $850,000 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $419.00
View 2 bedroom Galt Ocean Mile condo for sale Plaza East 4300 N Ocean Blvd Fort Lauderdale
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East Condos
New Listings

There has been 4 new listings of Plaza East Galt Ocean Mile condo for sale over the last 30 days – In our last post there was just 1 new listing over the prior 30 days – Unit 5C a 2 bedroom unit!

Or market report for these new listings is presented below:

CONDO BEDS / BATHS LA LP$
Penthouse H 3 / 2 2,030 $879,000
Unit 5D 2 / 2 1,450 $650,000
Unit 5K 2 / 2 1,450 $569,999
Unit 2M 2 / 2 1,450 $499,900

We can see from this report that:

Penthouse H a 3 bedroom Plaza East condo has just been listed for sale for $879,000this 3 bedroom 2 bathroom 2030 square foot unit has a list price to square foot price of $433.00

Penthouse H is a rarely available corner unit with a wrap around balcony facing east and north and offering spectacular ocean views.

This Galt Ocean Mile condo for sale has an additional west facing balcony to enjoy fabulous sunsets.

Unit 5D a 2 bedroom Plaza East condo has just been listed for sale for $650,000this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $448.00

Unit 5D offers extraordinary direct ocean views!

This Galt Ocean Mile condo for sale is an over-sized condo on the sand! 

Unit 5K a 2 bedroom Plaza East condo has just been listed for sale for $569,999 – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $393.00

Unit 5K offers spectacular views of the ocean!

This Galt Ocean Mile condo for sale boasts neutral ceramic tile floors set on a diagonal in the main living areas, an all white kitchen with Corian counter-tops, newer stainless steel appliances and a corner breakfast area with plantation shutters! 

Unit 2M a 2 bedroom Plaza East condo has just been listed for sale for $499,900 – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $345.00

Unit 2M is priced to sell quickly!

This Galt Ocean Mile condo for sale is a very bright unit with floor to ceiling windows that maximize the ocean views from every room.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

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View Galt Ocean Mile condo pending sale Plaza East 4300 N Ocean Blvd Fort Lauderdale
View Galt Ocean Mile condo pending sale Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East Condos
Pending Sales

There are currently 2 x Plaza East Galt Ocean Mile condos under contact and pending sale – In our last post there were also 2 units under contract and pending sale!

Our market summary report for these 2 units pending sale is presented below:

CONDO BEDS / BATHS LA LP$
Unit 15L 2 / 2 1450 $600,000
Unit 19B 2 / 3 1450 $575,000

We can see from this report that:

Unit 15L a 2 bedroom condo listed for sale for $600,000 is now pending sale – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $414.00

Unit 15L offers South East and North East ocean views from every room!

This Galt Ocean Mile condo for sale is South East facing and from the minute you walk thru your double door entry all you see is ocean! 

Unit 19B a 2 bedroom condo listed for sale for $575,000 is now pending sale – this 2 bedroom 3 bathroom 1450 square foot unit has a list price to square foot price of $397.00

Unit 19B offers direct ocean and Intracoastal Views!

This Galt Ocean Mile condo for sale is the blank slate you’ve always wanted in a direct oceanfront full service building. This is an Estate sale! 

View Galt Ocean Mile condo recently sold Plaza East 4300 N Ocean Blvd Fort Lauderdale - Unit 3A
View Galt Ocean Mile condo recently sold Plaza East 4300 N Ocean Blvd – Unit 3A

Recent Sales – Last 6 Months

There have been 7 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – this is up from 6 sales over the preceding 6 months as in our last post for December 2018 / January 2019

The market summary report for these 7 sales is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,450 $440,000
Max 3 / 2 2,030 $770,000
Avg 2 / 2 1,657 $600,714
Median 2 / 2 1,650 $580,000

We can see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $600,714 – this being for a 2 bedroom 2 bathroom unit of 1657 square feet!

We can also see that the median sales price for a Plaza East condo sold over the last 6 months has  been $580,000this being for a 2 bedroom 2 bathroom unit of 1650 square feet – up from our last post!

In our last post the median sales price for a Plaza East condo sold over the preceding 6 months was $537,500 – this being for a 2 bedroom 2 bathroom unit of 1660 square feet

View Plaza East condo recently sold Galt Ocean Mile Fort Lauderdale - Unit 7G
View Plaza East condo recently sold Galt Ocean Mile Fort Lauderdale – Unit 7G

Plaza East Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza East Galt Ocean Mile condos sold over the last 6 months showing median sales prices by Bedroom

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1,650 $492,500 $338.00
3 / 2 2,030 $740,000 $365.00

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

  • There have been no 1 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) In the last post when 1 bedroom units were sold the median for 1 bedroom condo units sold was $415,000 – this being based on a 1 bedroom 1 bathroom unit of 1500 square feet with a sales price to square foot price of $277.00
  • 2 Bedroom Plaza East condos sold is $492,500 – this being based on a 2 bedroom 2 bathroom unit of 1660 square feet with a sales price to square foot price of $287.00 – In our last post the median for 2 bedroom condo units sold was the same at $492,500 – this being based on a 2 bedroom 2 bathroom unit of 1660 square feet with a sales price to square foot price of $287.00
  • 3 Bedroom Plaza East condos sold is $740,000 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a sales price to square foot price of $365.00 – In our last post the median for 3 bedroom condo units sold was $690,000 – this being based on a 3 bedroom 2 bathroom unit of 1875 square feet with a sales price to square foot price of $368.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Plaza East Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $235.00
Max $352.00
Avg $308.00
Median $338.00

We can see from this report that the median sales price to square foot price paid for a Plaza East condo sold over the last 6 months has been $338.00 per square foot

It is important to note that this is well up from $287.00 as in our last post for December 2018 / January 2019!

Also important to note is the highest price paid at $352.00 and the lowest price paid at $235.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza East 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 87%
Max 99%
Avg 95%
Median 95%

We can see from this report that the BOTH the average and median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 95% – the median was 95% in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza East is listed at $650,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $617,500 – based on MLS Data!

Days on Market

Days on market for Plaza East Galt Ocean Mile condos for sale is an important indicator on how strong demand is for 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 77
Max 187
Avg 144
Median 168

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 168 days or just under 6 months – the median is up from 114 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.

Beach views Plaza East 4300 N Ocean Blvd Fort Lauderdale
Look at these great beach views from Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condo Sales Itemized

Here is the data for each of the Plaza East Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 15A 3 / 2 2,030 $770,000
Unit 3A 3 / 2 2,030 $770,000
Unit 10A 3 / 2 2,030 $690,000
Unit 9B 2 / 2 1,650 $580,000
Unit 4N 2 / 2 1,450 $495,000
Unit 15J 2 / 2 1,450 $490,000
Unit 4G 2 / 2 1,870 $440,000

We can see from this report the details for each condo sold – including the most expensive sales over the last 6 months, which were for Unit 3A and Unit 15A -both 3 bedroom condos which sold for $740,000

Unit 3A & 15A were both a 3 bedroom 2 bathroom 2030 square foot units and each sold for $365.00 per square foot.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza East Galt Ocean Mile condos are units in a great direct oceanfront condominium here on the famous Galt Ocean Mile.

Currently we have a good range of condos for sale here in Plaza East with some very nice 2 and 3 bedroom units!

Buyer activity here in Plaza East is really picking up as we move into our “Sales Season” and as the balcony renovations / upgrades are almost complete!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale here in Plaza East  – Kevin Wirth Realtor-+