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Southpoint Condos

Southpoint
Galt Ocean Mile Condos

Welcome to our December 2018 / January 2019 post on Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Southpoint is a direct oceanfront condominium of two separate towers set right on the beachfront here in Galt Ocean Mile.

The condominium also has 2 separate postal addresses 3400 & 3410 Galt Ocean Drive here in Fort Lauderdale

 

Search All Southpoint Condos for Sale

 

There are 23 x Southpoint Galt Ocean Mile condos for sale – 4 of which are new listings (all of these new listings being 2 bedroom units)

There have been 8 closed sales in the complex in the last 6 months and 5 units are 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 Southpoint – Important information for both buyers and sellers!

Southpoint
Galt Ocean Mile – Key Statistics
Southpoint Condominium complex in Fort Lauderdale, Florida
Address: 3400 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $319,000 – $879,900
  • Median List Price $565,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $521,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $304.00
  • Sales Price to List Price 94%
  • Days on Market 85 Days
View Southpoint condominium 3400-3410 Galt Ocean Drive Fort Lauderdale
View Southpoint condominium 3400-3410 Galt Ocean Drive Fort Lauderdale, Florida

Southpoint Condos for Sale
Market Report

The following market report is for the 23 x Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale FL – down from our last post!

In our last post for October / November 2018 there were 27 Southpoint condos for sale!

Our market summary report for these 23 units is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,265 $319,000
Max 3 / 2 2,112 $879,900
Avg 2 / 2 1,646 $569,617
Median 2 / 2 1,662 $565,000

We can see from the market report on units for sale that the average price for a Southpoint condo for sale is $569,617 – this being for a 2 bedroom 2 bathroom unit of 1646 square feet

We can also see from the market report on units for sale that the median price for a unit is $565,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

It is important to note that the median list price this month is down by 11.6% or by over $74,000 from our last 4 posts!

In our last post the median price for a unit for sale was $569,617 – this being for a 2 bedroom 2 bathroom unit of 1646 square feet

In our last post the median price for a unit for sale was $618,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

In our prior post the median price for a unit for sale was $632,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet

In our earlier post the median price for a unit for sale was $639,450 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

Aerial view Southpoint condominium 3400 Galt Ocean Drive Fort Lauderdale Florida
Aerial view Southpoint condominium 3400 Galt Ocean Drive Fort Lauderdale Florida

Southpoint Condos for Sale
Prices by Bedroom

Here is our market summary report showing median prices for Southpoint Galt Ocean Mile condos for sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,265 $359,000 $284.00
2 / 2 1,662 $567,000 $337.00
3 / 2 2,001 $877,450 $440.00

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

  • 1 bedroom condos for sale is $359,000this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $284.00.  In our last post the median for 1 bedroom condos for sale was higher at $388,500 – this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $307.00.
  • 2 bedroom condos for sale is $567,000 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $337.00.   In our last post the median for 2 bedroom condos for sale was higher at $592,450 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $367.00.
  • 3 bedroom condos for sale is $877,450 – this being for a 3 bedroom 2 bathroom 2001 square foot unit with a list price to square foot price of $440.00.   In our last post the median for 3 bedroom condos for sale was higher at $929,900 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $440.00.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

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

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View Galt Ocean Mile New Listings

Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive just listed for sale - Unit 2009N
Galt Ocean Mile condo Southpoint Galt Ocean Drive just listed for sale – Unit 2009N

Southpoint Condos
New Listings

There have been 4 new listing of Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days – all 2 bedroom units!

In our last post there were 7 new listings of Southpoint condos for sale!

Our market summary report for these new listings is presented below:

CONDO BEDS / BATHS LA LP$
Unit 606S 2 / 2 1,662 $645,000
Unit 1603S 2 / 2 1,662 $640,000
Unit 909N 2 / 2 1,859 $605,000
Unit 2009N 2 / 2 1,859 $560,000

We can see from this report:

Unit 606S a 2 bedroom Southpoint condo has just been listed for sale for $645,000this being a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $388.00

Unit 606S has just finished being remodeled!

This Galt Ocean Mile condo has a South / Southeast view. You will enjoy sun on your balcony and a bright and sunny apartment!

Unit 1603S a 2 bedroom Southpoint condo has just been listed for sale for $640,000this being a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $385.00

Unit 1603S is a beautiful, clean and spacious unit with ocean views from all of the rooms!

This Galt Ocean Mile condo has split bedrooms, a large master bedroom with lots of closets spaces.  There is a washer and dryer in unit.

Unit 909N a 2 bedroom Southpoint condo has just been listed for sale for $605,000this being a 2 bedroom 2 bathroom 1859 square foot unit with a list price to square foot price of $325.00

Unit 909N is a beautiful oceanfront unit with city and ocean views!

This Galt Ocean Mile condo has impact windows and a glass balcony door with lots of natural light.  The unit has been updated with all stainless steel appliances and granite counter tops!

Unit 2009N a 2 bedroom Southpoint condo has just been listed for sale for $560,000this being a 2 bedroom 2 bathroom 1859 square foot unit with a list price to square foot price of $301.00

Unit 2009N is has both ocean and city views!

This Galt Ocean Mile condo is one of the largest units (more than 1800 square feet) and it has 2 large bedrooms.  The unit has a washer and dryer in the unit and 2 parking spaces!

View Galt Ocean Mile condo pending sale Southpoint 3400-3410 Galt Ocean Drive
View Galt Ocean Mile condo pending sale Southpoint 3400-3410 Galt Ocean Drive – PH 1S

Southpoint Condos
Pending Sales

There is currently 5x Southpoint Galt Ocean Mile condos pending sale – In our last post there was just 1 unit pending sale!

Our market analysis report for these condos is presented below

CONDO BEDS / BATHS LA LP$
Penthouse 1S 2 / 2 1,891 $869,000
Unit 2105N 2 / 2 1,662 $549,900
Unit 805S 1 / 1 1,265 $389,000
Unit 505S 1 / 1 1,265 $275,000
Unit 1406N 1 / 1 1,265 $249,000

We can see from this report that: 

Penthouse 1 S a 2 bedroom Southpoint condo listed for sale for $869,000 is now pending sale  – this 2 bedroom 2 bathroom 1891 square foot unit has a list price to square foot price of $460.00

Penthouse 1 S is a brand new remodeled unit – with a front ocean view!

This Galt Ocean Mile condo is a first stack unit with East ocean views. The unit has a new kitchen which has been opened up and new stainless steel appliances.

Unit 2105N a 2 bedroom Southpoint condo listed for sale for $549,900 is now pending sale  – this 2 bedroom 2 bathroom 1662 square foot unit has a list price to square foot price of $331.00

Unit 2105N offers breathtaking direct ocean & intercostal views!

This Galt Ocean Mile condo has hurricane impact windows, porcelain floors, a split bedroom floor plan and a huge master suite with huge walk-in closet.

Unit 805S a 1 bedroom Southpoint condo listed for sale for $389,000 is now pending sale  – this 1 bedroom 1 bathroom 1265 square foot unit has a list price to square foot price of $308.00

Unit 805S has all impact windows, great ocean and city views!

This Galt Ocean Mile condo has washer/dryer in the unit and is being Sold As Is!

Unit 505S a 1 bedroom Southpoint condo listed for sale for $275,000 is now pending sale  – this 1 bedroom 1 bathroom 1265 square foot unit has a list price to square foot price of $217.00

Unit 505S offers ocean views here on Galt Ocean Mile.

This Galt Ocean Mile condo has been very well kept and is in original condition and ready for improvements to you taste and style.

Unit 1406N a 1 bedroom Southpoint condo listed for sale for $249,000 is now pending sale  – this 1 bedroom 1 bathroom 1265 square foot unit has a list price to square foot price of $217.00

Unit 1406N offers nice ocean views!

This Galt Ocean Mile condo has a washer / dryer and a garage parking space.

View Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale condo recently sold - Unit 1710S
Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale condo recently sold – Unit 1710S

Southpoint Condo Sales
Last 6 Months

There have been 8 sales of Fort Lauderdale condos in South Point Galt Ocean Mile over the last 6 Months

This is down from the 11 condos sold over the preceding 6 months as in our last post for October / November 2018!

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

BEDS / BATHS LA SP$
Min 1 / 1 1,265 $280,000
Max 3 / 2 2,112 $624,000
Avg 2 / 2 1,697 $495,750
Median 2 / 2 1,760 $521,000

We can see from this report that the median sales price for a Fort Lauderdale condo sold here in Southpoint has been $521,000 – up from our last post!

In our last post for October / November 2018 the median sales price for a Fort Lauderdale condo sold here in Southpoint was $475,000.

The median sales price in this report and our last reports are all based on the sales of 2 bedroom 2 bathroom units.

Southpoint Condo Sales
Prices by Bedroom

Here are the median sales prices for Southpoint Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,265 $332,500 $263.00
2 / 2 1,859 $567,000 $305.00
3 / 2 2,112 $600,000 $284.00

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

  • 1 Bedroom Southpoint Condos has been $332,500 – this being for a 1 bedroom 1 bathroom unit of 1265 square feet with a sales price to square foot price of $263.00 – In our last post the median sales price for a 1 bedroom unit was lower at $350,000 – this being for a 1 bedroom 1 bathroom unit of 1265 square feet with a sales price to square foot price of $304.00
  • 2 Bedroom Southpoint Condos has been $576,000 – this being for a 1859 square foot unit with a sales price to square foot price of $305.00 – In our last post the median sales price for a 2 bedroom unit was the same at $576,000 – this being for a 1760 square foot unit with a sales price to square foot price of $310.00
  • 3 Bedroom Southpoint Condos has been $600,000 this being for a 1859 square foot unit with a sales price to square foot price of $305.00– In the last post there had been no 3 bedroom units sold over the preceding 6 months!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale condos sold in Southpoint Galt Ocean Mile over the last 6 months.

SP$/SqFt
Min $221.00
Max $330.00
Avg $290.00
Median $304.00

We can see from this report that the median sales price to square foot price at $304.00which is the same as in our last post!

Also important to note is the highest square foot price paid at $330.00 per square foot!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Southpoint 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 80%
Max 102%
Avg 93%
Median 94%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Southpoint  has been 94% – up from our last post!

This means if a Fort Lauderdale condo for sale here in Southpoint is listed at $550,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $517,000 – based on median MLS data!

Days on Market

Days on market for Southpoint Galt Ocean Mile condos for sale is 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 48
Max 168
Avg 95
Median 85

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in Southpoint is 95 days.

More importantly is the median days on market at 85 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.

Pool / Sundeck views Southpoint Galt Ocean Drive condo for sale
Pool / Sundeck views Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale

Southpoint
Condo Sales Itemized

Here is the data for each of the Southpoint Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 701S 2 / 2 1,891 $624,000
Unit 202S 3 / 2 2,112 $600,000
Unit 1710S 2 / 2 1,859 $585,000
Unit 1709N 2 / 2 1,859 $567,000
Unit 407S 2 / 2 1,662 $475,000
Unit 606S 2 / 2 1,662 $450,000
Unit 608S 1 / 1 1,265 $385,000
Unit 206N 1 / 1 1,265 $280,000

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 701 S (South Tower) a 2 bedroom condo which sold for $624,000.

This 2 bedroom 2 bathroom 1891 square foot unit has a sales price to square foot price of $330.00

This condo had 87 days on market and sold for 93% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Southpoint Galt Ocean Mile condos are units in a great direct oceanfront complex here on the famous Galt Mile in Fort Lauderdale.

We currently have a great of condos for sale with 27 units for sale including 1, 2 and 3 bedroom units – this is one of the largest inventories we have seen in some time!

It is also very important to note that median sales prices are dropping!

I hope you have enjoyed my Post on Southpoint Condos Fort Lauderdale for Sale

Kevin Wirth Fort Lauderdale Realtor