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

Plaza South Condos

Plaza South
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our July 2020 / August 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.

 

Search Plaza South Condos for Sale

 

Currently there are 6 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale – 1 of which is a new listing (a 3 bedroom condo) 

There have been 4 sales of condos here in the last 6 months – and 1 unit is pending sale (a 2 bedroom condo) 

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 $498,900 – $998,000
  • Median List Price $534,900
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $652,500
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $324.00
  • Sales to List Price 98%
  • Days on Market 130 Days
View Galt Ocean Mile condominium Plaza South 4280 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Plaza South 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 4 x Plaza South condos for sale as in our last post for May 2020 / June 2020

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

BEDS / BATHS LA LP$
Min 1 / 1 1,450 $498,000
Max 3 / 2 2,500 $998,000
Avg 2 / 2 1,725 $626,717
Median 2 / 2 1,650 $534,900

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $626,771 – this being for a 2 bedroom 2 bathroom 1650 square foot unit.

In our last post the average price for a Galt Ocean Mile condo for sale here in Plaza South was lower at $508,075 – this being for a 2 bedroom 2 bathroom 1500 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 $534,900 – 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 lower at $511,750 – this being for a smaller 2 bedroom 2 bathroom 1450 square foot unit

View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 20P
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive just listed for sale Unit 20 P

Plaza South
New Listings

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

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

BEDS / BATHS LA LP$
Unit 20P 3 / 2 2,500 $998,000

We can see from this report that Unit 20P a 3 bedroom Plaza South Galt Ocean Mile condo has just been listed for sale for $998,000this 3 bedroom 2 bathroom 2500 square foot unit has a list price to square foot price of $399.00.

Unit 20P offers direct South-East and North-East ocean views will “Wow” you the moment you step into this spacious corner unit.

This Plaza South condo is in the rarely available “P” stack – this model delivers some of the most incredible ocean views.

This Galt Ocean Mile condo features: a large living room with floor to ceiling windows that fill this unit with natural light. Encompassing the entire East corner this unit gives direct ocean views from all rooms including the 3 over-sized bedrooms.

This original unit is immaculate and move in ready. 

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 $511,250 $353.00
2 / 2 1,650 $539,900 $327.00
3 / 2 2,500 $998,000 $399.00

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

  • 1 Bedroom Plaza South condos for sale is $511,250 – this being for a 1 bedroom 1 bathroom unit of 1450 square feet with a list price to square foot price of $353.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was lower at $499,000 – this being for a 1 bedroom 1 bathroom unit of 1450 square feet with a list price to square foot price of $344.00
  • 2 Bedroom Plaza South condos for sale is $539,900 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $327.00 – In our last post the median for 2 Bedroom Plaza South condos for sale was lower at $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
  • 3 Bedroom Plaza South condos for sale is $998,000 – this being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $399.00 In our last post there were no 3 bedroom units for sale – However in the prior post the median for 3 Bedroom Plaza South condos for sale was a little lower at $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

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale pending sale unit 21L
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive pending sale unit 21L

Plaza South Condos
Pending Sales

There are currently 1 x Plaza South Galt Ocean Mile condo under contract and pending sale – This up down from our last post when there were no Plaza South condo pending sale

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 21L 2 / 2 1,650 $685,000

We can see from this report that Plaza South Unit 21 L a 2 bedroom condo listed for sale for $685,000 is now pending sale – this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $415.00

Unit 21 L is a completely remodeled oceanfront condo with “striking” ocean views from its South-East exposure balcony!

This Galt Ocean Mile condo features: an open kitchen with custom cabinetry, Quartz, Jenn-Air appliances and a wine fridge and bar area!

The unit has Nnew impact windows and doors, all new plumbing, electrical and HVAC duct work! The oversized bedrooms also offer ocean views!  The completely remodeled master and 2nd bathroom feature Kohler Veil heated toilets/bidets!  The unit has Travertine tile throughout and upgraded lighting fixtures and recessed lighting! 

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

Plaza South Sales
Last 6 Months

There have been 4 x Plaza South Galt Ocean Mile condos sold over the last 6 months  – Well down from our last post!

There were 8 x Plaza South condos sold over the preceding 6 months as in our last post for May 2020 / June 2020!

The market analysis report for these 4 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,650 $530,000
Max 3 / 3 2,400 $785,000
Avg 3 / 2 2,025 $655,000
Median 2 / 2 2,025 $652,500

We can see from this report that the average price for a Plaza South condo sold over the last 6 months has been $655,000 – this being for a 2 bedroom 2 bathroom unit

In our last post the average price for a Plaza South condo sold over the preceding 6 months was lower at $601,875 – this also being for a 2 bedroom 2 bathroom unit!

We can also see that the median has been $652,500 – this being for a 2 bedroom 2 bathroom unit

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

In our last post the median price was $585,000 – this being for a 2 bedroom 2 bathroom unit

In our prior post the median price was $555,000 – this being for a 2 bedroom 2 bathroom unit

In our earlier post the median price was $480,000 – this also being for a 2 bedroom 2 bathroom unit

View 3 Bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale recently sold Unit 10A
3 Bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 10A

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 $560,000 $339.00
3 / 2 2,400 $750,000 $313.00

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

  • There have been 1 Bedroom Plaza South condos sold over the last 6 months based on MLS records – In our last post the median for 1 Bedroom Plaza South condos sold over the preceding 6 months was $375,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $259.00
  • 2 Bedroom Plaza South condo sold is $560,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $339.00 – In our last post the median for 2 Bedroom Plaza South condo sold over the preceding 6 months was slightly lower at $555,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $336.00
  • 3 Bedroom Plaza South condo sold is $750,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $313.00 – In our last post the median for 3 Bedroom Plaza South condo sold over the preceding 6 months was higher at $770,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $313.00

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 $298.00
Max $358.00
Avg $326.00
Median $324.00

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 $324.00 per square foot – up from $298.00 in our last post and $291.00 as in our prior post! 

It is also important to note the highest sales price to square foot price paid at $358.00!

% 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 91%
Max 99%
Avg 96%
Median 98%

We can see from this report that the median sales price to list price paid over the last 6 months has been 98%!

It is important to note that the median sales price to list price at 98% is up from 96% as in our last post and 94% as in our prior 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 98% of that amount or $588,000.

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 6
Max 257
Avg 131
Median 130

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 130 days – this is up from 110 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.

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 23A 3 / 3 2,400 $785,000
Unit 10A 3 / 2 2,400 $715,000
Unit 18L 2 / 2 1,650 $590,000
Unit 10J 2 / 2 1,650 $530,000

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 23A a 3 bedroom Galt Ocean Mile condo which sold for $785,000 – This 3 bedroom 3 bathroom 2400 unit had a sales price to square foot price of $327.00!

Unit 23A sold for 98% of list price and had 110 days on the market or just under 4 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 nice range of condos for sale – a mix of 2 and 3 bedroom units! 

Sales have been soft over the last 6 months with just 4 units sold!

Buyer activity over the last few months had slowed right down due to the Corona Virus!

I am pleased to report however that buyer activity is picking up and also that we now have 1 unit 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