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

Plaza South Condos

Plaza South
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 2020 pricing guide for Plaza South Galt Ocean Mile condos for sale 4280 Galt Ocean Drive Fort Lauderdale Florida.

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.

 

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Currently there are just 4 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale 

There have been 7 sales of condos here in the last 6 months and 5 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

  • 4 Units for Sale from $489,900 – $995,000
  • Median List Price $534,450
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $480,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $291.00
  • Sales to List Price 95%
  • Days on Market 124 Days

Plaza South
Condos for Sale

There are currently 4 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is well down from the 8 x Plaza South condo for sale as in our last post for November 2019 / December 2019

Our market analysis report for these 4 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 2 1,450 $489,900
Max 3 / 2 2,500 $995,000
Avg 2 / 2 1,763 $638,450
Median 1 / 2 1,550 $534,450

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $638,450 – this being for a 2 bedroom 2 bathroom 1763 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 $534,450 – this being for a 2 bedroom 2 bathroom 1550 square foot unit

It is important to note that this is down 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 $668,250 – this being for a 2 bedroom 2 bathroom 1650 square foot unit

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

Plaza South
New Listings

There has been no new listing of Plaza South Galt Ocean Mile condos for sale over the last 30 days – In our last post there was 1 new listing Unit 15H a 2 bedroom 2 bathroom unit!

View Plaza South Galt Ocean Mile condominium 4280 Galt Ocean Drive Fort Lauderdale
View Plaza South Galt Ocean Mile condominium 4280 Galt Ocean Drive Fort Lauderdale

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 / 2 1,450 $514,450 $355.00
2 / 2 1,650 $529,900 $321.00
3 / 2 2,500 $995,000 $398.00

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

  • 1 Bedroom Plaza South condos for sale is $514,450 – this being for a 1 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $355.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was lower at $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
  • 2 Bedroom Plaza South condos for sale is $529,900 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $321.00 – In our last post the median for 2 Bedroom Plaza South condos for sale was higher at $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
  • 3 Bedroom Plaza South condos for sale is $995,000 – this being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $398.00 – In our last post the median for 3 Bedroom Plaza South condos for sale was lower at $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

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

Plaza South Condos
Pending Sales

There is currently 5 x Plaza South Galt Ocean Mile condos pending sale – well up from our last post when there was just 1 Plaza South condo for sale – Unit 5M a 2 bedroom unit!

Our Market Analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 20A 3 / 2 2400 $860,000
Unit 23A 3 / 3 2,400 $799,000
Unit 10A 3 / 2 2,400 $789,000
Unit 10J 2 / 2 1,650 $548,000
Unit 19D 1 / 1 1,450 $400,000

We can see from this report that:

Unit 20 a 3 bedroom Plaza South condo listed for $860,000 is now pending salethis 3 bedroom 2 bathroom 2400 square foot condo has a list price to square foot price of $358.00 

Unit 20 offers a gorgeous ocean view and is a corner unit with a wrap around balcony!

This Galt Ocean Mile condo features: an open kitchen, a split bedroom floor plan, impact windows and doors. The unit has two master suites, a separate laundry room and a trash chute in the unit! 

Unit 23 a 3 bedroom Plaza South condo listed for $799,000 is now pending salethis 3 bedroom 3 bathroom 2400 square foot condo has a list price to square foot price of $333.00 

Unit 23 is newly renovated South East corner wrap-around balcony with direct ocean views!

This Galt Ocean Mile condo features: a huge master suite with dual vanities, two walk-in closets and new flooring throughout. 

Unit 10A a 3 bedroom Plaza South condo listed for $799,000 is now pending salethis 3 bedroom 2 bathroom 2400 square foot condo has a list price to square foot price of $329.00 

Unit 10A is gorgeous direct ocean view from a huge wrap around balcony.

This Galt Ocean Mile condo features: full laundry room adjacent to kitchen with breakfast area over looking the beautiful water views. The unit has a split bedroom floor plan and lots of closet space and there is a trash-shute in unit!   

Unit 10J a 2 bedroom Plaza South condo listed for $548,000 is now pending salethis 2 bedroom 2 bathroom 1650 square foot condo has a list price to square foot price of $332.00 

Unit 10J is a remodeled condos with ocean views from both bedrooms with huge balconies!

This Galt Ocean Mile condo features: Including Jenn Air kitchen appliances, built in microwave, under counter refrigerator/freezer, washer dryer, terrazzo counter tops, Italian bathroom fixtures, porcelain flooring throughout.

Unit 19D a 1 bedroom Plaza South condo listed for $400,000 is now pending salethis 1 bedroom 1 bathroom 1450 square foot condo has a list price to square foot price of $276.00 

Unit 19D offers “Breath-taking” direct ocean views from living room and kitchen.

This Galt Ocean Mile condo offers Intracoastal and city views from the oversized bedroom. The huge bedroom has 1.5 bathroom and has enough space for a den or office. 

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 

This is the same number of Plaza South condo sold over the preceding 6 months as in our last post for 2019!

The market analysis report for these 7 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 1,771 $560,714
Median 2 / 2 1,650 $480,000

We can see from this report that the average price for a unit sold over the last 6 months has been $560,714 and the median has been $480,000 both down from our last post! 

In our last report the average price for a unit sold was $590,714 and the median has been $530,000

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 $475,000 $288.00
3 / 2 2,500 $980,000 $392.00

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 
  • 2 Bedroom Plaza South condo sold is $475,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $288.00
  • 3 Bedroom Plaza South condo sold is $980,000 – this being based on a 3 bedroom 2 bathroom unit of 2500 square feet with a sales price to square foot price of $392.00 
View Plaza South Galt Ocean Mile condo recently sold 4280 Galt Ocean Drive Fort Lauderdale Unit 5M
View Plaza South Galt Ocean Mile condo recently sold 4280 Galt Ocean Drive – Unit 5M

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 $311.00
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 last post and $326.00 as 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 99%
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 5 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 26
Max 287
Avg 132
Median 124

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 124 days – up from 89 days in our last post and up from 73 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.

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 5M 2 / 2 1,650 $580,000
Unit 22B 2 / 2 1,650 $530,000
Unit 5C 2 / 2 1,650 $480,000
Unit 15B 2 / 2 1,650 $470,000
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 limited range of condos for sale – with just 4 units on offer. 

Sales have been strong over the last 6 months – with 7 units sold and 5 units now 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