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 March 2020 / April 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 just 4 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale 

There have been 8 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

  • 4 Units for Sale from $478,900 – $995,000
  • Median List Price $599,950
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $555,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $298.00
  • Sales to List Price 94%
  • Days on Market 110 Days

Plaza South
Condos for Sale

There are currently 4 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale – this is the same number of Plaza South condos for sale as in our last post for January 2020 / February 2020

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 $478,900
Max 3 / 2 2,500 $995,000
Avg 2 / 2 1,813 $668,450
Median 2 / 2 1,650 $599,950

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $668,450 – this being for a 2 bedroom 2 bathroom 1813 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 $599,950 – this being for a 2 bedroom 2 bathroom 1650 square foot unit – up from our last post for January 2020 / February 2020

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South $534,450 – this being for a 2 bedroom 2 bathroom 1550 square foot unit

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

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!

Here is our market analysis report for this new listing:

BEDS / BATHS LA LP$
Unit 15B 2 / 2 1,650 $670,000

We can see from this report that unit 15B a 2 bedroom unit has just been listed for sale for $670,000this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $406.00

Unit 15B is brand new!

The unit features: new porcelain tile floor with 24 x 48 Carrara style tiles, new appliances, new bathrooms, new doors and a new kitchen!

This Galt Ocean Mile condo for sale offers the most gorgeous ocean and pool view and both bedrooms have intercostal and amazing city views! 

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 $478,900 $330.00
2 / 2 1,650 $599,950 $364.00
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 $478,900 – this being for a 1 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $330.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was much higher at $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
  • 2 Bedroom Plaza South condos for sale is $599,950 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $364.00 – 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 $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 the same 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

Click here to email me now

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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 18L
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive pending sale Unit 18L

Plaza South Condos
Pending Sales

There is currently just 1 x Plaza South Galt Ocean Mile condo under contract and pending sale – well down from our last post when there were 5 x Plaza South condos pending sale

Our Market Analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 18 2 / 2 1,650 $595,000

We can see from this report that Unit 18 a 2 bedroom Plaza South condo listed for $595,000 is now pending salethis 2 bedroom 2 bathroom 1650 square foot condo has a list price to square foot price of $361.00 

Unit 18 is a completely renovated modern unit with a Semi private elevator foyer and direct ocean views!

This Galt Ocean Mile condo features: beautiful white kitchen and breakfast area, a laundry room, a large en suite master bath.

The unit has a huge 22 x 6ft balcony directly overlooking 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 8 x Plaza South Galt Ocean Mile condos sold over the last 6 months 

This is up slightly from the 7 x Plaza South condo sold over the preceding 6 months as in our last post for January 2020 / February 2020!

The market analysis report for these 8 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1,450 $375,000
Max 3 / 3 2,400 $785,000
Avg 2 / 2 1,836 $588,125
Median 2 / 2 1,650 $555,000

We can see from this report that the average price for a unit sold over the last 6 months has been $560,714 – this being for a 2 bedroom 2 bathroom unit

We can also see that the median has been $555,000 – this being for a 2 bedroom 2 bathroom unit

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

View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale recently sold Unit 5C
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 5C

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 / 1 1,450 $375,000 $259.00
2 / 2 1,650 $505,000 $306.00
3 / 2 2,400 $770,000 $313.00

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

  • 1 Bedroom Plaza South condo sold is $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 – In our last post there had been no 1 Bedroom Plaza South condos sold over the preceding 6 months as per MLS records 
  • 2 Bedroom Plaza South condo sold is $505,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $306.00 – In our last post the median for 2 Bedroom Plaza South condo sold over the preceding 6 months was lower at $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 $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 – In our last post the median for 3 Bedroom Plaza South condo sold over the preceding 6 months was much higher at $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

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 $259.00
Max $352.00
Avg $305.00
Median $298.00

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 $298.00 per square foot – up from $291.00 in our last post! 

It is also important to note the highest sales price to square foot price paid at $352.00!

% 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 99%
Avg 94%
Median 94%

We can see from this report that BOTH the average and median sales price to list price paid over the last 6 months has been 94% – the median is down from 94% 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 94% of that amount or $564,000.

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 257
Avg 119
Median 110

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 110 days – down from 124 days 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.

BEDS / BATHS LA SP$
Unit 23A 3 / 3 2,400 $785,000
Unit 20A 3 / 2 2,400 $770,000
Unit 10A 3 / 2 2,400 $715,000
Unit 5M 2 / 2 1,650 $580,000
Unit 10J 2 / 2 1,650 $530,000
Unit 5C 2 / 2 1,650 $480,000
Unit 15B 2 / 2 1,650 $470,000
Unit 19D 1 / 1 1,450 $375,000

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 limited range of condos for sale – with just 4 units on offer. 

Sales have been very strong over the last 6 months with 8 units sold and 1 unit 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