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

Plaza South Condos

Plaza South
Galt Ocean Mile Condos
2021 Pricing Guide

Welcome to our December 2020 / January 2021 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. 

There have been 4 sales of condos here over 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

  • 8 Units for Sale from $415,000 – $595,000
  • Median List Price $532,450
    – 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 $388.00
  • Sales to List Price 96%
  • Days on Market 94 Days
View Galt Ocean Mile condominium Plaza South Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Plaza South Galt Ocean Drive Fort Lauderdale, Florida

Plaza South
Condos for Sale

There are currently 6 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is down from 8 x Plaza South condos for sale as in our last post for September 2020 / October 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 $415,000
Max 2 / 2 1,650 $595,000
Avg 2 / 2 1,550 $519,817
Median 2 / 2 1,550 $532,450

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $519,817 – this being for a 2 bedroom 2 bathroom 1550 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 $594,925 – this being for a 2 bedroom 2 bathroom 1656 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 $532,450 – 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 lower at $525,000 – 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 18J
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive just listed for sale Unit 18J

Plaza South
New Listings

There has been 1 new listings of Plaza South Galt Ocean Mile condos for sale over the last 30 days – In our last post there were 2 new listings!

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

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

We can see from this report that Unit 18J a 2 bedroom Plaza South Galt Ocean Mile condo has just been listed for sale for $595,000this 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $361.00.

Unit 18J offers incredible views of the ocean, pool and Instracoastal.

This Galt Ocean Mile condo is a spacious sunny unit and it has been impeccably maintained.  The unit features: Travertine file floors throughout, floor to ceiling windows, an eat in open kitchen with adjacent laundry area and a large 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
1 / 1 1,450 $437,000 $301.00
2 / 2 1,650 $562,450 $358.00

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

  • 1 Bedroom Plaza South condos for sale is $437,000 – this being for a 1 bedroom 1 bathroom unit of 1450 square feet with a list price to square foot price of $301.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was much higher 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 $562,450 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $358.00 – In our last post the median for 2 Bedroom Plaza South condos for sale was lower 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
  • In our last post there were no 3 bedroom units for sale – In our last post the median for 3 Bedroom Plaza South condos for sale was $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 pending sale Unit 18J
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive pending sale Unit 18J

Plaza South Condos
Pending Sales

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

Our market analysis report for the unit pending sale is presented below:

BEDS / BATHS LA LP$
Unit 18L 2 / 2 1,650 $655,000

We can see from this report that Unit 18L a 2 bedroom Plaza South Galt Ocean Mile condo listed for sale for $655,000 is now pending salethis 2 bedroom 2 bathroom 1650 square foot unit has a list price to square foot price of $397.00

Unit 18L offers the most gorgeous direct ocean and city views with amazing sun sets too. Both bedrooms you have Ocean views!

This Galt Ocean Mile condo allows you to lease right away.

View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale recently sold Unit 20P
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 20P

Plaza South Condo Sales
Last 6 Months

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

In our last post there had been just 1 x Plaza South Galt Ocean Mile condo sold over the preceding 6 months – this being unit 21L a 2 bedroom condo.

The market analysis report for these units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,450 $470,000
Max 3 / 2 2,500 $955,000
Avg 2 / 2 1,813 $682,500
Median 2 / 2 1,650 $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 $682,000 – this being for a 2 bedroom 2 bathroom unit

We can also see from this report that the median price for a condo sold over the last 6 months here in Plaza South has been $652,500 – this also being for a 2 bedroom 2 bathroom unit

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 $324.00
Max $397.00
Avg $374.00
Median $388.00

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 $388.00 per square foot.

It is also important to note the highest price paid at $397.00

% 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 94%
Max 96%
Avg 95%
Median 96%

We can see from this report that the median sales price to list price paid over the last 6 months has been 96%

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 $576,000.

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 15
Max 208
Avg 103
Median 94

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 94 days or just over 3 months! 

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

Plaza South Condo Sales
Last 6 Months – By Unit

Here is our market summary for Plaza South condo sales over the last 6 months – showing sales by unit.

BEDS / BATHS LA SP$
Unit 20P 3 / 2 2,500 $955,000
Unit 21L 2 / 2 1,650 $655,000
Unit 15B 2 / 2 1,650 $650,000
Unit 4G 2 / 2 1,450 $470,000

We can see from this report that details for each unit sold here in Plaza South Galt Ocean Mile over the last 6 months.

Important to note is the highest sale which was for Unit 20P a 3 bedroom unit which sold for $955,000 – this 3 bedroom 2 bathroom 2500 square foot unit had a sales price to square foot price of $382.00

Unit 20P sold for 96% of its list price and had 93 days on market or just over 3 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 1 and 2 bedroom units! 

Sales have picked up over the last 6 months with 4 units sold and 1 unit pending sale!

Sale had been soft for the first part of the year with just 1 unit sold – this low level of sale being in my mind largely due to the Corona Virus!

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