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

Plaza South Condos

Plaza South
Galt Ocean Mile Condos

Welcome to our October 2018 / November 2018 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 6 x Galt Ocean Mile condos for sale here in Plaza South  – 4 of which are new listings!

There have been 5 sales of condos here in the last 6 months and 2 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 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

  • 6 Units for Sale from $490,000 – $1.3 Million
    – Both 3 Bedroom 2 Bathroom Units

Median Sales Prices

  • Sales Price last 6 Months $501,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $291.00
  • Sales to List Price 95%
  • Days on Market 50 Days
View Plaza South condominium Galt Ocean Mile 4280 Galt Ocean Drive Fort Lauderdale
View Plaza South condominium Galt Ocean Mile 4280 Galt Ocean Drive Fort Lauderdale

Plaza South
Condos for Sale

There are currently 6 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is up from the 4 x Plaza South condo for sale as in our last post for August 2018 / September 2018

Our market analysis report for these 6 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1650 $490,000
Max 3 / 2 2600 $1,300,000
Avg 2 / 2 2075 $901,583
Median 2 / 2 2025 $887,000

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $901,583 – this being for a 2 bedroom 2 bathroom 2075 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 $887,000 – this being for a 2 bedroom 2 bathroom 2025 square foot unit.

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South was much lower at $620,000 – this being for a 2 bedroom 2 bathroom 2025 square foot unit.

View Plaza South 4280 Galt Ocean Dirve Fort Lauderdale condo just listed for sale - Unit 14K
View Plaza South 4280 Galt Ocean Dirve Fort Lauderdale condo just listed for sale – Unit 14K

Plaza South
New Listings

There has been 4 new listings of Plaza South Galt Ocean Mile condos for sale over the last 30 days– In our last post for June / July there had been just 1 new listing – Unit 6F a 3 bedroom unit.

Our market summary report for these new listings is presented below:

CONDO BEDS / BATHS LA LP$
Unit 23P 3 / 2 2500 $1,300,000
Unit 12F 3 / 2 2600 $1,250,000
Unit 14K 2 / 2 1650 $595,500
Unit 15J 2 / 2 1650 $490,000

We can see from this report that:

Unit 23P a 3 bedroom unit has just been listed for sale for $1,300,000this 3 bedroom 2 bathroom 2500 square foot unit has a list price to square foot price of $520.00

This Galt Ocean Mile condo for sale is a 3 bedroom in the P tower on a high floor!!!   This condo is a clean, well maintained unit with a large wrap around balcony facing South and East. ALL rooms have ocean views!

Unit 12F a 3 bedroom unit has just been listed for sale for $1,250,000this 3 bedroom 2 bathroom 2600 square foot unit has a list price to square foot price of $481.00

This Galt Ocean Mile condo for sale is a corner unit with semi- private elevator and a wraparound balcony!  This condo has impact windows and has been totally renovated and professionally decorated!

Unit 14K a 2 bedroom unit has just been listed for sale for $595,500this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $362.00

This Galt Ocean Mile condo for sale offers stunning ocean views from every room!  The condo has high impact floor to ceiling windows & doors, a custom open kitchen with quartz counter tops!

Unit 15J a 2 bedroom unit has just been listed for sale for $490,000this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $297.00

This Galt Ocean Mile condo for sale is a well maintained unit with South East ocean views!  The condo has an eat-in-kitchen and floor to ceiling windows in bedroom and living room!

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
2 / 2 1650 $595,500 $361.00
3 / 2 2500 $1,250,000 $490.00

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

  • 2 Bedroom Plaza South condos for sale is $595,000 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $361.00
  • 3 Bedroom Plaza South condos for sale is $1,250,000 – this being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $490.00

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 Plaza South 4280 Galt Ocean Drive Fort Lauderdale condo pending sale - Unit 8B
View Plaza South 4280 Galt Ocean Drive Fort Lauderdale condo pending sale – Unit 8B

Plaza South Condos
Pending Sales

There are currently 2 x Plaza South Galt Ocean Mile condos pending sale – both 2 bedroom units.

This is up from now units pending sale as in our last post!

Our Market Analysis report for these 2 units is presented below:

CONDO BEDS / BATHS LA LP$
Unit 3B 2 / 2 1650 $565,000
Unit 8B 2 / 2 1650 $549,000

We can see from this report that:

Unit 3B a 2 bedroom unit listed for sale for $565,000 is now pending sale – this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $342.00

This Galt Ocean Mile condo for sale is a renovated unit with direct ocean view – you can move right in!  The condo has floor to ceiling windows, a large balcony and tile floors throughout!

Unit 8B a 2 bedroom unit listed for sale for $549,000 is now pending sale – this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $333.00

This Galt Ocean Mile condo for sale is a spacious unit with direct ocean, Intracoastal and city views.   The condo has a large foyer entry with semiprivate elevator and tile floors throughout.  The entire unit was renovated but not recently!

View Galt Ocean Mile condo recently sold Plaza South 4280 Galt Ocean Drive Fort Lauderdale - Unit 6F
View Galt Ocean Mile condo recently sold Plaza South Fort Lauderdale – Unit 6F

Plaza South Sales
Last 6 Months

There have been 5 x Plaza South Galt Ocean Mile condos sold over the last 6 months – the same number of sales as in our last post!

This is down from sales over the preceding 6 months as in our last post.

The market analysis report for these 5 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 2 1450 $450,000
Max 3 / 3 2600 $660,000
Avg 2 / 2 1990 $546,200
Median 2 / 2 1650 $501,000

We can see from this report that the average price for a unit sold over the last 6 months has been $546,200 and the median has been $501,000

In our last report for July / August 2018 the average price for a unit sold was $653,200 and the median has been $525,000

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

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
1 / 2 1450 $450,000 $310.00
2 / 2 1650 $490,500 $297.00
3 / 2 2600 $650,000 $250.00

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

  • 1 Bedroom Plaza South condo sold is $450,000 – this being based on a 1 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $310.00 – In our last post there had been no 1 Bedroom Plaza South condos sold over the preceding 6 months – this is based on MLS records
  • 2 Bedroom Plaza South condo sold is $490,500 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $297.00 – this is down from our last post when the median for 2 Bedroom Plaza South condo sold was $501,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $304.00
  • 3 Bedroom Plaza South condo sold is $650,000 – this being based on a 3 bedroom 2 bathroom unit of 2600 square feet with a sales price to square foot price of $250.00 – this this is down from our last post when the median for 3 Bedroom Plaza South condo sold was $880,000 – this being based on a 3 bedroom 2 bathroom unit of 2550 square feet 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 Fort Lauderdale Condos sold in Plaza South Galt Ocean Mile over the last 6 months

SP$/SqFt
Min $246.00
Max $310.00
Avg $281.00
Median $291.00

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 $291.00 per square foot – down from $304,00 in our prior post!

It is also important to note the highest sales price to square foot price paid at $310.00!

% 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 90%
Max 97%
Avg 93%
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 up from 93% in our last post!

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 20
Max 484
Avg 134
Median 50

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 50 days – up from 40 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.

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.

CONDO BEDS / BATHS LA SP$
Unit 4F 3 / 3 2600 $660,000
Unit 6F 3 / 2 2600 $640,000
Unit 4L 2 / 2 1650 $501,000
Unit 7K 2 / 2 1650 $480,000
Unit 16D 1 / 2 1450 $450,000

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 4F a 3 bedroom Galt Ocean Mile condo which sold for $660,000 – This 3 bedroom 2 bathroom 2600 unit had a sales price to square foot price of $254.00!

Unit 4F sold for 91% of list price and had 484 days or 16 months on the market!

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 good range of condos for sale with 4 of these being new listings!

We have also had good sales over the last 6 months with 5 units sold and another 2 units pending sale!

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