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

Plaza South Condos

Plaza South
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our September 2020 / October 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 8 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale – 2 of which is are new listings 

There have been 10 sales of condos here in the last 12 months

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 & 12 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 $472,900 – $998,000
  • Median List Price $525,000
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $585,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $321.00
  • Sales to List Price 95%
  • Days on Market 87 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, FL

Plaza South
Condos for Sale

There are currently 8 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is up from 6 x Plaza South condos for sale as in our last post for July 2020 / August 2020

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 $472,000
Max 3 / 2 2,500 $998,000
Avg 2 / 2 1,656 $594,925
Median 1 / 2 1,550 $525,000

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $594,925 – this being for a 2 bedroom 2 bathroom 1656 square foot unit.

In our last post the average price for a Galt Ocean Mile condo for sale here in Plaza South was higher at $626,771 – this being for a 2 bedroom 2 bathroom 1650 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 $525,000 – this being for a 2 bedroom 2 bathroom 1550 square foot unit

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South was also higher at $534,900 – this being for a 2 bedroom 2 bathroom 1650 square foot unit

View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 10G
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive just listed for sale Unit 10G

Plaza South
New Listings

There has been 2 new listings of Plaza South Galt Ocean Mile condos for sale over the last 30 days – In our last post there was 1 new listing – this being Unit 20P a 3 bedroom 2 bathroom unit!

Our market analysis report for these 2 new listings is presented below:

BEDS / BATHS LA LP$
Unit 15H 2 / 2 1,650 $525,000
Unit 10G 1 / 2 1,450 $472,000

We can see from this report that:

Unit 15H a 2 bedroom Plaza South Galt Ocean Mile condo has just been listed for sale for $525,000this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $318.00.

Unit 15H is light, bright, and spacious and offers spectacular ocean views!

This Galt Ocean Mile condo is an oceanfront condo, beautifully decorated and is being sold furnished. 

Unit 10G a 1 bedroom Plaza South Galt Ocean Mile condo has just been listed for sale for $472,000this 1 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $326.00.

Unit 10G offers stunning ocean and pool views!

This Galt Ocean Mile condo is a one bedroom, 2 full bath unit and also offers a den with a closet that can be used as a second bedroom.

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 the same at $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
  • 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 the same at $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
  • 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 also the same at $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

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 recently sold Unit 21L
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 21L

Plaza South Condos
Pending Sales

There are currently no Plaza South Galt Ocean Mile condo under contract and pending sale – This down from our last post when there was 1 x Plaza South condo pending sale this being Unit 21L

Plaza South Condo Sales
Last 6 Months

There have been just 1 x Plaza South Galt Ocean Mile condo sold over the last 6 months  – Well down from our last post!

There were 4 x Plaza South condos sold over the preceding 6 months as in our last post for July 2020 / August 2020!

The market analysis report for this unit is presented below.

BEDS / BATHS LA SP$
Unit 21L 2 / 2 1,650 $655,000

We can see from this report that Unit 21L a 2 bedroom Plaza South condo sold for $655,000 this condo is a 2 bedroom 2 bathroom 1650 square foot unit.

Unit 21L is a completely remodeled and substantially upgraded condo.  This unit offers striking ocean views from its South-East exposure balcony!

This Galt Ocean Mile condo features: an open kitchen with custom cabinetry, Quartz, JennAir appliances, a wine fridge and bar area! This unit has new impact windows and doors, all new plumbing, new electrical and HVAC duct work! 

Unit 21L sold for 96% of its list price and had just 15 days on market!

Plaza South Condo Sales
Last 12 Months

There have been 10 x Plaza South Galt Ocean Mile condo sold over the last 12 months.

The market analysis report for these 10 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 1,794 $595,000
Median 2 / 2 1,650 $585,000

We can see from this report that the average price for a Plaza South condo sold over the last 12 months has been $595,000 – this being for a 2 bedroom 2 bathroom unit

We can also see that the median has been $585,500 – this being for a 2 bedroom 2 bathroom unit

View 2 bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale sold Last 12 Months
2 bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive sold Last 12 Months

Plaza South Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza South Galt Ocean Mile condos sold over the last 12 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 $555,000 $336.00
3 / 2 2,400 $770,000 $313.00

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

  • 1 Bedroom Plaza South condos sold over the last 12 months was $375,000 – this being based on a 1 bedroom 1 bathroom unit of 1450 square feet with a sales price to square foot price of $259.00
  • 2 Bedroom Plaza South condos sold over the last 12 months was $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 over the last 12 months 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

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 12 months

SP$/SqFt
Min $259.00
Max $397.00
Avg $321.00
Median $321.00

We can see from this report that BOTH the average and median sales price to square foot price paid for a Plaza South condo sold over the last 12 months has been $321.00 per square foot

% 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 95%
Median 95%

We can see from this report that the median sales price to list price paid over the last 12 months has been 95%

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 12 months.

DOM
Min 6
Max 257
Avg 98
Median 87

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 87 days or just under 3 months! 

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

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 1, 2 and 3 bedroom units! 

Sales have been soft over the last 6 months with just 1 unit 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 right across the Galt.

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