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 December 2020 / January 2021 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.

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There are currently 8 x Plaza East Galt Ocean Mile condos for sale – a mix of 2 & 3 bedroom units.

There have been 8 sales over the last 6 months and 5 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 $465,000 – $1,249,000
  • Median List Price $547,500
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $527,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $321.00
  • Median Sales to List Price 95%
  • Days on Market 184 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, Florida

Plaza East
Condos for Sale

There are currently 8 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is down from the 11 x  Plaza East condos for sale as in our last post September 2020 / October 2020! 

Our market analysis for the 8 x Plaza East condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,450 $465,000
Max 3 / 2 2,400 $1,249,000
Avg 2 / 2 1,461 $642,875
Median 2 / 2 1,450 $547,500

We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $642,875 – this being for a 2 bedroom 2 bathroom condo

In our last post the average price of a Galt Ocean Mile condo for sale here in Plaza East was higher at $681,082 – 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 $547,000 – 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 much higher at $635,000 – this being for a 2 bedroom 2 bathroom condo

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 $527,500 $348.00
3 / 2 2,215 $994,500 $442.00

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

  • There are currently no 1 Bedroom condo units for sale – In our last post the median for 1 Bedroom Plaza East condos for sale was $475,000 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $360.00
  • 2 Bedroom condo units for sale is $527,500 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $348.00 – In our last post the median for 2 Bedroom condo units for sale was lower at $499,500 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $317.00
  • 3 Bedroom condo unit for sale is $994,500 – this being based on a 3 bedroom 2 bathroom unit of 2215 square feet with a list price to square foot price of $442.00 – In our last post the median for 3 Bedroom condo units for sale was lower at $779,500 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $384.00
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale just listed for sale Unit 5K
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd just listed for sale Unit 5K

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 was also 1 new listings over the preceding 30 days – this being Unit 7L a 2 bedroom condo.

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

BEDS / BATHS LA LP$
Unit 5K 2 / 2 1,450 $465,000

We can see from this report that Unit 5K a 2 bedroom Galt Ocean Mile condo has just been listed for sale for $465,000this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $321.00

Unit 5K faces southeast and northeast so you have the best of all exposures. ocean views and awesome sunrises and sunsets.

This Galt Ocean Mile features:  tile in all the public areas, carpet in the bedrooms. windowed eat in kitchen with separate breakfast area and separate laundry. 

The unit has a semi private elevator.


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 Plaza East 4300 N Ocean Blvd Fort Lauderdale pending sale Unit 19H
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd pending sale Unit 19H

Plaza East Condos
Pending Sales

There are currently 5 x Plaza East Galt Ocean Mile condos under contact and pending saleup slightly from our last post!

In our last post for September 2020 / October 2020 there were 4 units pending sale.

Our market analysis report for these units is presented below:

BEDS / BATHS LA LP$
Unit 19H 3 / 3 2,030 $799,000
Unit 7L 2 / 2 1,450 $675,000
Unit 11M 2 / 2 1,450 $610,000
Unit 4C 2 / 2 1,450 $450,000
Unit 2M 2 / 2 1,450 $399,000

We can see from this report that:

Plaza East Unit 19H listed for sale for $799,000 in now pending salethis 3 bedroom 3 bathroom 2030 square foot unit has a list price to square foot price of $394.00

Unit 19H is a tastefully renovated beachfront unit with a wraparound balcony with newly installed clear glass!

This Galt Ocean Mile condo features: impact sliders in the living room and kitchen. floor to ceiling windows with spectacular 180 degree views: East direct ocean, North to the lighthouse and beach coastline and West to city views.

Plaza East Unit 7L listed for sale for $675,000 in now pending salethis 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $466.00

Unit 7L is a remodeled condo with sparkling South East views of the blue Atlantic that greet you upon entering from your semi-private elevator!

This Galt Ocean Mile condo features: Porcelain floors throughout, an ppen kitchen with white Quartz counters and cooking/dining island and custom hardwood cabinetry.

Plaza East Unit 11M listed for sale for $610,000 in now pending salethis 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $421.00

Unit 11M offers spectacular direct ocean views from floor to ceiling windows in your living room!

This Galt Ocean Mile condo features: all Porcelain tile floors, a newer kitchen with Granite and newer appliances, a brand new oven/range and an in unit laundry room.

Plaza East Unit 4C listed for sale for $450,000 in now pending salethis 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $310.00

Unit 4C offers a picturesque view of the ocean and has an open balcony so you can watch the waves while sitting on your chaise lounger!

This Galt Ocean Mile condo unit is very clean and well maintained, has its own garage parking space and a semi-private elevator.

Plaza East Unit 2M listed for sale for $399,000 in now pending salethis 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $275.00

Unit 2M is updated and very bright with floor to ceiling windows that maximize the ocean view from every room!

This Galt Ocean Mile condo features: an Eat-in kitchen, a full size washer and dryer and a semi-private elevator.

View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale recently sold Unit 18B
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd recently sold Unit 18B

Recent Sales – Last 6 Months

There have been 8 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months well up from our last post!

There were just 2 sales over the preceding 6 months as in our prior post for September 2020 / October 2020

The market summary report for these 8 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1,320 $365,000
Max 3 / 3 2,030 $815,000
Avg 2 / 2 1,772 $555,313
Median 2 / 2 2,030 $527,500

We can also see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $555,313 – this being for a 2 bedroom 2 bathroom unit of 1772 square feet

We can also see from this report that the median sales price for a Plaza East condo sold over the last 6 months has  been $527,500this also being for a 2 bedroom 2 bathroom unit of 1740 square feet

Beach views Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale
Beach views Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale

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
1 /. 1 1,320 $402,500 $277.00
2 / 2 1,450 $512,500 $353.00
3 / 2 2,030 $633,750 $366.00

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

  • 1 Bedroom Plaza East condos sold is $402,500 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a sales price to square foot price of $277.00 – There had been no 1 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) – However in the last post when 1 bedroom units were sold the median for 1 bedroom condo units sold was higher at $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 $512,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $353.00 – In our last post the median for 2 bedroom condo units sold was lower at $460,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $317.00
  • 3 Bedroom Plaza East condos sold is $633,750 – this being for a 3 bedroom 2 bathroom 2030 square foot unit with a sales price to square foot price of $366.00 – In our last post the median for 3 bedroom condo units sold was higher at $705,000 – this being for a 3 bedroom 2 bathroom 2030 square foot unit with a sales price to square foot price of $347.00

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 $277.00
Max $401.00
Avg $330.00
Median $321.00

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 $321.00 per square foot

It is important to note the highest price paid at $401.00 per square foot!

% 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 84%
Max 99%
Avg 94%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 95% – this is the same 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 95% of that amount or $570,000 – 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 7
Max 524
Avg 202
Median 184

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 184 days on market or just over 6 months

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$
Unit 17P 3 / 2 2,030 $815,000
Unit 18A 3 / 2 2,030 $705,000
Unit 12H 3 / 3 2,030 $562,500
Unit 7H 3 / 2 1,450 $530,000
Unit 18B 2 / 2 1,450 $525,000
Unit 19K 2 / 2 1,450 $500,000
Unit 14F 1 / 1 1,320 $440,000
Unit 16F 1 / 1 1,320 $365,000

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 17P a 3 bedroom condo which sold for $815,000

Unit 17P sold for 99% of its list price and had just 7 days on market!

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 8 units for sale – a nice mix of 2 and 3 bedroom units.

I am that buyer activity continues to pick up – with 8 units sold over the last 6 months and 5 units pending sale!

Buyer Activity and Sales had been very slow in the early part of the year 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 PA Realtor