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

Plaza East Condos

Plaza East
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our May 2020 / June 2020 pricing guide for Plaza East Galt Ocean Mile condos for sale 4300 N Ocean Blvd Fort Lauderdale Florida.

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.

Search Plaza East Condos for Sale 

 

There are currently 15 x Plaza East Galt Ocean Mile condos for sale – a nice mix of 1,2 & 3 bedroom units.

There have been 5 sales over the last 6 months – all 2 bedroom units!

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 $389,900 – $1,249,000
  • Median List Price $675,000
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $585,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $401.00
  • Median Sales to List Price 94%
  • Days on Market 67 Days
View Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale
View Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condos for Sale

There are currently 15 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is the same number of condos for sale as in our last 2 posts! 

In our last post on Plaza East Galt Ocean Mile condos for sale for March 2020 / April 2020 there were also 15 condos for sale.

In our prior post on Plaza East Galt Ocean Mile condos for sale for January 2020 / February 2020 there were also 15 condos for sale.

Our market analysis for the 15 x Plaza East condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,320 $389,900
Max 3 / 3 2,030 $1,249,000
Avg 2 / 2 1,735 $676,447
Median 2 / 2 1,870 $675,000

We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $676,447 – 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 $675,000 – this being for a 2 bedroom 2 bathroom condo

It is important to note that the median price is up from our last 3 posts!

In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $625,000 – this being for a 2 bedroom 2 bathroom condo

In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $579,900 – this also being for a 2 bedroom 2 bathroom condo

In our prior post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $570,000 – this also being for a 2 bedroom 2 bathroom condo

View 3 Bedroom Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale for sale
View 3 Bedroom Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale for sale

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
1 / 1 1,320 $457,450 $295.00
2 / 2 1,450 $615,000 $347.00
3 / 2 2,030 $759,500 $391.00

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

  • 1 Bedroom condo units for sale is $457,450 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $295.00 – In our last post the median for 1 Bedroom Plaza East condos for sale was lower at $399,900 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $303.00
  • 2 Bedroom condo units for sale is $615,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $347.00 – In our last post the median for 2 Bedroom condo units for sale was lower at $537,450 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $356.00
  • 3 Bedroom condo unit for sale is $759,500 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $391.00 – In our last post the median for 3 Bedroom condo units for sale was the same at $759,500 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $391.00

Plaza East Condos
New Listings

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

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

BEDS / BATHS LA LP$
Unit 20G 2 / 2 1,970 $1,050,000

We can see from this report that Unit 20G a 2 bedroom unit has just been listed for sale for $1,050,000 – this 2 bedroom 2 bathroom 1970 square foot unit has a list price to square foot price of $533.00

Unit 20G is a Prime G-Line unit one level under the penthouse!

This Galt Ocean Mile condo for sale has an amazing Southern facing balcony that offers expansive ocean views and a separate Western facing balcony allows for mesmerizing sunsets while overlooking the intracoastal and all of Fort Lauderdale.

This condo features: brand new glass balcony railings.

The unit is currently gutted and the owners are engaged in extensive remodeling, bringing in top of the line finishes and fixtures, new hurricane impact windows and triple-sliding doors to all balconies.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

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

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

Plaza East Condos
Pending Sales

There is currently no Plaza East Galt Ocean Mile condos under contact and pending sale – In our last post there was 1 unit under contract and pending sale – this being unit *C a 2 bedroom 2 bathroom condo!

Recent Sales – Last 6 Months

There have been 5 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – all of which have been for 2 bedroom units!

There were also 5 sales over the preceding 6 months as in our last post for March 2020 / April 2020 – all of these were also for 2 bedroom units too!

The market summary report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,450 $460,000
Max 2 / 2 1,493 $782,500
Avg 2 / 2 1,461 $594,300
Median 2 / 2 1,450 $585,000

We can see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $594,300 – this being for a 2 bedroom 2 bathroom unit of 1461 square feet!

In our last post the average sales price for a Plaza East condo sold over the preceding 6 months was higher at $611,300 – this being for a 2 bedroom 2 bathroom unit of 1428 square feet!

We can also see that the median sales price for a Plaza East condo sold over the last 6 months has  been $585,000this being for a 2 bedroom 2 bathroom unit of 1450 square feet – the median is the same as in our last post!

View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale recently sold Unit 20M
Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale recently sold Unit 20M

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 1,450 $585,000 $401.00

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 $585,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $402.00 – In our last post the median for 2 bedroom condo units sold was the same at $585,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $402.00
  • There have been no 3 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) In the last post when 3 bedroom units were sold the median for 3 bedroom condo units sold was $766,979 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a sales price to square foot price of $376.00

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 $317.00
Max $403.00
Avg $374.00
Median $401.00

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 $401.00 per square foot – this is down ever so slightly from $402.00 per square foot as in our last post!

It is important to note the highest price paid at $403.00 – down from $540.00 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 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 92%
Max 100%
Avg 95%
Median 94%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 94% – this is well down from 97% as in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza East is listed at $600,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $564,000 – 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 15
Max 166
Avg 77
Median 67

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 67 days on market or just over 2 months – this is down from 81 days in our last post and 146 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.

Aerial view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale
Aerial view Galt Ocean Mile condominium 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

BEDS / BATHS LA SP$
Penthouse B 2 / 2 1,450 $782,500
Unit 20M 2 / 2 1,450 $585,000
Unit 7J 2 / 2 1,493 $599,000
Unit 8C 2 / 2 1,450 $545,000
Unit 4M 2 / 2 1,450 $460,000

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 Penthouse B a 2 bedroom condo which sold for $782,500

Penthouse B is a 2 bedroom 2 bathroom 1450 square foot unit and it sold for $540.00 per square foot.

Penthouse B sold for 98% of its list price and had just 15 days on market or just over 2 weeks!

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 very nice range of condos for sale here in Plaza East with 15 units for sale – including 1, 2 and 3 bedroom units.

Buyer Activity and Sales have been slow however due in large part of the Corona Virus! 

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