View Galt Ocean Mile condo for sale Plaza South 4280 Galt Ocean Drive Fort Lauderdale

Plaza South Condos

Plaza South
Galt Ocean Mile Condos

Welcome to our November 2019 / December 2019 post on Plaza South Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale in Plaza South are set right on the beach here on Galt Ocean Mile.

The Plaza South complex has 336 condo units.

 

Search Plaza South Condos for Sale

 

Currently there are 8 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale – 1 of which is a new listing

There have been 7 sales of condos here in the last 6 months and 1 unit is 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 Plaza South – Important information for both buyers and sellers!

Plaza South
Galt Ocean Mile – Key Statistics
Plaza South Condo Association Fort Lauderdale, Florida
Address: 4280 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • 8 Units for Sale from $400,000 – $995,000
  • Median List Price $668,250
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $530,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $304.00
  • Sales to List Price 95%
  • Days on Market 89 Days
View Galt Ocean Mile condominium Plaza South 4280 Galt Ocean Drive Fort Lauderdale

Plaza South
Condos for Sale

There are currently 8 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is up from the 5 x Plaza South condo for sale as in our last post for November 2019 / December 2019

Our market analysis report for these 8 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,450 $400,000
Max 3 / 3 2,500 $995,000
Avg 2 / 2 1,929 $685,675
Median 2 / 2 1,650 $668,250

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $685,675 – this being for a 2 bedroom 2 bathroom 1929 square foot unit.

We can also see from our report that the median price for a Galt Ocean Mile condo for sale here in Plaza South is $668,250 – this being for a 2 bedroom 2 bathroom 1650 square foot unit – up from our last 2 posts!

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South was lower at $589,000 – this being for a 2 bedroom 2 bathroom 1650 square foot unit.

In our prior post the median price for a Galt Ocean Mile condo for sale here in Plaza South was lower at $485,000 – this being for a 2 bedroom 2 bathroom 1650 square foot unit.

View Galt Ocean Mile condo just listed for sale Plaza South 4280 Galt Ocean Drive Fort Lauderdale Unit 15H
Galt Ocean Mile condo just listed for sale Plaza South 4280 Galt Ocean Drive Unit 15H

Plaza South
New Listings

There has been 1 new listing of A Plaza South Galt Ocean Mile condos for sale over the last 30 days

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

BEDS / BATHS LA LP$
Unit 15H 2 / 2 1,650 $529,900

We can see from this report that Unit 15H a 2 bedroom Plaza South condo has just been listed for sale for $529,900this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $321.00

Unit 15H offers fantastic ocean views from its large balcony!

Plaza South Condos for Sale
Median Prices by Bedroom

Here is the market analysis report for Plaza South Galt Ocean Mile condos for sale showing median sales prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,450 $469,500 $324.00
2 / 2 1,650 $538,700 $326.00
3 / 2 2,400 $842,500 $344.00

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

  • 1 Bedroom Plaza South condos for sale is $469,500 – this being for a 1 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $324.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was higher at $499,800 – this being for a 1 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $345.00
  • 2 Bedroom Plaza South condos for sale is $538,700 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $326.00 – In our last post the median for 2 Bedroom Plaza South condos for sale was slightly lower at $537,000 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $325.00
  • 3 Bedroom Plaza South condos for sale is $842,500 – this being for a 3 bedroom 2 bathroom unit of 2400 square feet with a list price to square foot price of $344.00 – In our last post the median for 3 Bedroom Plaza South condos for sale was much higher at $1,035,000 – this being for a 3 bedroom 2 bathroom unit of 2450 square feet with a list price to square foot price of $470.00

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 New Listings

View Galt Ocean Mile condo pending sale Plaza South 4280 Galt Ocean Drive Fort Lauderdale - Unit 5M
View Galt Ocean Mile condo pending sale Plaza South 4280 Galt Ocean Drive Unit 5M

Plaza South Condos
Pending Sales

There is currently just 1 x Plaza South Galt Ocean Mile condos pending sale – well down from our last post!

In our last post there were 5 x Plaza South condos pending sale

Our Market Analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 5M 2 / 2 1,650 $585,900

We can see from this report that Unit 5M a 2 bedroom Plaza South condo listed for $585,900 is now pending salethis 2 bedroom 2 bathroom 1,650 square foot condo has a list price to square foot price of $355.00 

Unit 5M is a stunning, completely renovated condo and offers breathtaking, direct ocean views from its floor to ceiling windows in every room!

This Galt Ocean Mile condo features: an open concept floor plan, a beautiful white kitchen with stainless appliances and breakfast area, a laundry room, a large en-suite master bath with double sinks and a huge 22 x 6 foot balcony directly overlooking the pool and ocean!! 

View Plaza South condominium 4280 Galt Ocean Drive
Aerial view Plaza South condominium 4280 Galt Ocean Drive

Plaza South Sales
Last 6 Months

There have been 7 x Plaza South Galt Ocean Mile condos sold over the last 6 months – all 2 bedroom units!

The number of Plaza South condo sold over the last 6 months is up slightly from the 6 sales over the preceding 6 months as in our last post!

The market analysis report for these 6 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,650 $435,000
Max 3 / 2 2,500 $980,000
Avg 2 / 2 1,879 $590,714
Median 2 / 2 1,650 $530,000

We can see from this report that the average price for a unit sold over the last 6 months has been $590,714 and the median has been $530,000 both up from our last post! 

In our last report the average price for a unit sold was $508,333 and the median was $515,000 

Both the average and median prices in this and our last report are based on 2 bedroom 2 bathroom units.

View Galt Ocean Mile condo recently sold Plaza South 4280 Galt Ocean Drive Fort Lauderdale Unit 23P
View Galt Ocean Mile condo recently sold Plaza South 4280 Galt Ocean Drive Unit 23P

Plaza South Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza South 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 $480,000 $291.00
3 / 2 2,450 $855,000 $348.00

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

  • There have been no 1 Bedroom Plaza South condos sold over the last 6 months In our last post the median for 2 Bedroom Plaza South condo sold was $500,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $303.00
  • 2 Bedroom Plaza South condo sold is $480,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $291.00 – this is down from our last post when the median for 2 Bedroom Plaza South condo sold was higher at $515,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $326.00
  • 3 Bedroom Plaza South condo sold is $855,000 – this being based on a 3 bedroom 2 bathroom unit of 2450 square feet with a sales price to square foot price of $348.00 – There had been no 3 Bedroom Plaza South condos sold over the preceding 6 months – However in our prior post the median for 3 Bedroom Plaza South condo sold was $640,000 – this being based on a 3 bedroom 2 bathroom unit of 2600 square feet with a sales price to square foot price of $246.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Plaza South Galt Ocean Mile over the last 6 months

SP$/SqFt
Min $264.00
Max $392.00
Avg $309.00
Median $304.00

We can see from this report that the median sales price to square foot price paid for a Plaza South condo sold over the last 6 months has been $304.00 per square foot – down from $326.00 in our last post and $328.00 in our prior post!

It is also important to note the highest sales price to square foot price paid at $392.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza South 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 85%
Max 100%
Avg 94%
Median 95%

We can see from this report that the median sales price to list price paid over the last 6 months has been 95% – the median is the same as in our last 4 posts!

This means if a Fort Lauderdale condo for sale here in Plaza South 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.

Days on Market

Days on market for Plaza South Galt Ocean Mile condos is also an important indicator on how strong demand is for Fort Lauderdale 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 31
Max 287
Avg 112
Median 89

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 89 days – the up from 73 days in our last post and 50 days as in our prior posts!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

View Plaza South 4280 Galt Ocean Drive Fort Lauderdale
Aerial view Plaza South 4280 Galt Ocean Drive Fort Lauderdale – taken from Galt Mile

Plaza South
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Plaza South Galt Ocean Mile.

BEDS / BATHS LA SP$
Unit 23P 3 / 2 2,500 $980,000
Unit 16A 3 / 2 2,400 $730,000
Unit 22B 2 / 2 1,650 $530,000
Unit 7C 2 / 2 1,650 $530,000
Unit 5C 2 / 2 1,650 $480,000
Unit 10M 2 / 2 1,650 $450,000
Unit 5L 2 / 2 1,650 $435,000

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 23P a 3 bedroom Galt Ocean Mile condo which sold for $980,000 – This 3 bedroom 2 bathroom 2500 unit had a sales price to square foot price of $392.00!

Unit 23P sold for 85% of list price and had 287 days on the market or just under 10 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza South Galt Ocean Mile is a great “direct oceanfront” complex set here on the beach at Galt Mile!

We currently have a really good range of condos for sale! 

Sales have remained strong over the last 6 months (even out of Season)  – with 1 unit now pending sale and 7 units sold!

If your currently looking at Fort Lauderdale direct oceanfront condos for sale – I highly recommend viewing units in this great Galt Ocean Mile complex, 

I hope you have enjoyed reading my post on Plaza South and Plaza South condos for sale – by Kevin Wirth Realtor