View Riviera Galt Ocean Mile condo for sale Ocean Riviera 3550 Galt Ocean Drive Fort Lauderdale

Riviera Condos

Ocean Riviera
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 2020 pricing guide for Ocean Riviera Galt Ocean Mile condos for sale 3550 Galt Ocean Drive Fort Lauderdale Florida – this complex is commonly referred to as the Riviera Galt Ocean Mile.

Fort Lauderdale condos for sale here in Ocean Riviera are direct oceanfront units set right on the Galt Ocean Mile Beachfront.

Search Ocean Riviera Condos 

 

There are 2 condos currently for sale in this great direct oceanfront complex – a 2 bedroom and 3 bedroom unit!

There have been 6 sales in the last 6 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 months!

We also compare recent sales trends in The Riviera – Important information for both buyers and sellers!

Riviera Galt Ocean Mile
Key Statistics
Riviera Condominium complex in Fort Lauderdale, Florida
Address: 3550 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $449,900 – $900,000

Median Sales Prices

  • Median Sales Price $527,500
    – 2 bedroom 2 bathroom unit
  • Sales Price to Square Foot Price $290.00
  • Median Sales to List Price 94%
  • Days on Market 124 Days
View Riviera condo for sale Galt Ocean Mile in Ocean Riviera
View Riviera condo for sale Galt Ocean Mile in Ocean Riviera

Ocean Riviera
Condos for Sale

The following market report is for the 2 x Riviera Galt Ocean Mile condos for sale Fort Lauderdale –the number of condos for sale is well down from 9 condos for sale as our last post!!

Our market analysis report for these 2 units is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,500 $449,900
Max 3 / 2 2,000 $900,000
Avg 3 / 2 1,750 $674,950
Median 2 / 2 1,750 $674,950

We can see from the market report that a 3 bedroom unit and a 2 bedroom unit are currently for sale in Riviera.

The 3 Bedroom Riviera Galt Ocean Mile condo is offered for sale for $900,000 – this being for a 3 bedroom 2 bathroom 2000 square foot unit

The 2 Bedroom Riviera Galt Ocean Mile condo is offered for sale for $449,900 – this being for a 2 bedroom 2 bathroom 1500 square foot unit

In our last post the median price for a unit for sale was $449,900  – this being based on a 2 bedroom 2 bathroom unit of 1575 square feet with a list price to square foot price of $291.00

View Ocean Riviera Galt Ocean Mile condominium 3550 Galt Ocean Drive Fort Lauderdale
View Ocean Riviera Galt Ocean Mile condominium 3550 Galt Ocean Drive Fort Lauderdale

Ocean Riviera
Condo Median Prices

Here is the market summary report showing median prices by bedroom for condos for sale here in the Riviera Galt Ocean Mile.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,500 $449,900 $300.00
3 / 2 2,000 $900,000 $450.00

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

  • There are currently no 1 Bedroom Ocean Riviera Galt Ocean Mile condos for sale In our last post the median for 1 bedroom units for sale was $319,450 – this being for a 1 Bedroom 1 Bathroom 1076 square foot unit with a list price to square foot price of $297.00
  • 2 Bedroom Ocean Riviera Galt Ocean Mile condos for sale is $449,900 – this being for a 2 Bedroom 2 Bathroom 1500 square foot unit with a list price to square foot price of $300.00.  In our last post the median for 2 Bedroom Ocean Riviera condos for sale was higher at $490,000 – this being for a 2 Bedroom 2 Bathroom 1656 square foot unit with a list price to square foot price of $291.00.
  • 3 Bedroom Ocean Riviera Galt Ocean Mile condos for sale is $900,000 – this being for a 2 Bedroom 2 Bathroom 2000 square foot unit with a list price to square foot price of $450.00.  In our last post there were no 3 bedroom units for sale!

Ocean Riviera
New Condo Listings

There have been no new listings of a Ocean Riviera Galt Ocean Mile condos for sale in the last 30 days


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A.  – Realtor
Galt Ocean Mile Specialist
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

View 2 Bedroom Riviera Galt Ocean Mile condo 3550 Galt Ocean Drive
Look at the view from this 2 Bedroom Riviera Galt Ocean Mile condo 3550 Galt Ocean Drive

Ocean Riviera
Pending & Recent Sales

We review and discuss the data for sales of Ocean Riviera Galt Ocean Mile Condos below – including pending sales and sales over the last 6 months below.

Ocean Riviera Condos
Pending Sales

There are currently no units pending sale here in Riviera 

Ocean Riviera
Sales Last 6 Months

There have been 6 sales of Ocean Riviera Galt Ocean Mile condos in the last 6 months

The market analysis report for these 6 sales is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,620 $355,000
Max 3 / 2 2,117 $635,000
Avg 2 / 2 1,721 $514,150
Median 2 / 2 1,656 $527,500

We can see from this report that the average sales price for a condo sold here in Riviera over the last 6 months has been $514,150 – this being for a 1721 square foot 2 bedroom 2 bathroom unit.

We can also see from this report that the median sales price for a Riviera Galt Ocean Mile condo  over the last 6 months has been $527,500  – this being for a 1656 square foot 2 bedroom 2 bathroom unit.

It is also useful to look at median sales prices by bedroom over the last 6 months which we do below.

Ocean Riviera Condos
Median Sales Prices

Here is the market summary report showing median sales prices by bedroom for Riviera Galt Ocean Mile condos sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1,656 $465,000 $281.00
3 / 2 2,117 $635,000 $300.00

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

  • There have been no 1 Bedroom Riviera Galt Ocean Mile condos sold over the last 6 months based on MLS records – In our last post the median for 1 Bedroom Riviera condos sold over the preceding 6 months was $286,000 – this being for a 1 Bedroom 1 Bathroom 1076 square foot unit with a sales price to square foot price of $266.00. 
  • 2 Bedroom Riviera  Galt Ocean Mile condos sold over the last 6 months has been $635,000 – this being for a 3 Bedroom 2 Bathroom 2117 square foot unit with a list price to square foot price of $300.00.  In our last post the median for 2 Bedroom Riviera condos sold was $440,500 – this being for a 2 Bedroom 2 Bathroom 1656 square foot unit with a list price to square foot price of $266.00.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in The Riviera over the last 6 months.

SP$/SqFt
Min $214.00
Max $383.00
Avg $299.00
Median $290.00

We can see from this report that the median sales price to square foot price paid for a Riviera Galt Ocean Mile condo sold over the last 6 months has been $290.00

We can also see that the highest square foot price paid has been $383.00

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Riviera 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 96%
Avg 94%
Median 9%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in The Riviera  has been 94% 

This means if the condo is listed for sale for $500,000 – then based on the median MLS prices it could be expected to sell for 94% of its list price or $470,000!

Days on Market

Days on market for Riviera Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 44
Max 462
Avg 162
Median 124

We can see from this report that the median days on market Fort Lauderdale condo for sale in The Riviera over the last 6 months has been 124 days or just over 4 months!

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

Pool views Riviera Galt Ocean Mile condo for sale Ocean Riviera 3550 Galt Ocean Drive
Pool views Riviera Galt Ocean Mile condo for sale Ocean Riviera 3550 Galt Ocean Drive

Ocean Riviera
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Ocean Riviera

BEDS / BATHS LA SP$
Unit 911 3 / 2 2,117 $635,000
Unit 1601 2 / 2 1,620 $620,000
Unit 1001 2 / 2 1,620 $590,000
Unit 1906 2 / 2 1,656 $465,000
Unit 807 2 / 2 1,656 $419,900
Unit 206 2 / 2 1,656 $355,000

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 911 a 3 bedroom 2 bathroom condo which sold for $635,000!

Unit 911 sold for 96% of list price and had 164 days on market or just under 6 months!

This Galt Ocean Mile condo is a direct oceanfront, North East corner unit.   911 cam with 2 parking spaces in the garage

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Riviera Galt Ocean Mile condos are units in a great mid century oceanfront complex set right on the beach here on Galt Mile Fort Lauderdale.

Currently we have a very limited range of units for sale – with just 1 x 2 bedroom unit and 1 x 3 bedroom unit.

Despite this low level of inventory AND being out of our “Sales Season” – sales activity over the last 6 months has been strong with 6 units sold!

I hope you have enjoyed my post on Ocean Riviera
By Kevin Wirth Realtor

This statistical report on comparable Ocean Riviera properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.

This report is based on information which is the © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.