View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale

Southpoint Condos

Southpoint
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our May 2020 / June 2020 pricing guide for 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 15 x Southpoint Galt Ocean Mile condos for sale – 3 of which are new listings.

There have been 6 closed sales in the complex in the last 6 months and 1 unit is 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
Address: 3410 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $305,000 – $1,150,000
  • Median List Price $539,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $595,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $337.00
  • Sales Price to List Price 91%
  • Days on Market 106 Days
View Galt Ocean Mile condominium Southpoint 3400-3100 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Southpoint 3400-3100 Galt Ocean Drive Fort Lauderdale

Southpoint Condos for Sale
Market Report

The following market report is for the 15 x Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is slightly up from our last post!

In our last post for March 2020 / April 2020 there were 14 x Southpoint condos for sale!

Our market summary report for these 15 units is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,265 $305,000
Max 3 / 4 3,324 $1,150,000
Avg 2 / 2 1,787 $611,720
Median 2 / 2 1,662 $539,000

We can see from the market report on units for sale that the average price for a Southpoint condo for sale is $611,720 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet

We can also see from the market report on units for sale that the median price for a unit is $539,000 – 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 down from our last 2 posts! 

In our last post the median price for a unit for sale was $605,000 – 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 $565,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

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 $305,000 $241.00
2 / 2 1,662 $519,450 $330.00
3 / 3 2,718 $1,019,500 $383.00

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

  • 1 bedroom condos for sale is $305,000this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $241.00.  In our last post the median for 1 bedroom condos for sale was higher at $352,000 – this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $278.00.
  • 2 bedroom condos for sale is $519,450 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $330.00.  In our last post the median for 2 bedroom condos for sale was higher at $605,000 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $346.00.
  • 3 bedroom condos for sale is $1,019,500 – this being for a 3 bedroom 3 bathroom 2718 square foot unit with a list price to square foot price of $383.00.  In our last post the median for 3 bedroom condos for sale was lower at $816,000 – this being for a smaller 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $386.00.

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

Interior view Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 202S
Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drivejust listed for sale Unit 202S

Southpoint Condos
New Listings

There have been 3 new listing of Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days – this is down from our last post!

In our last post for March 2020 / April 2020 there were 5 new listings of Southpoint condos for sale

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

BEDS / BATHS LA LP$
PH 4S 3 / 4 3,324 $1,150,000
Unit 202S 3 / 2 2,112 $889,000
Unit 1603S 2 / 2 1,662 $574,900

We can see from this report that:

Penthouse 4S a 3 bedroom Southpoint condo has just been listed for sale for $1,150,000 this 3 bedroom 4 bathroom 3324 square foot unit has a list price to square foot price of $346.00

PH 4S is a unique penthouse with an amazing South East view.  This Galt Ocean Mile condo for sale has 3 bedrooms plus another bedroom or huge office.  The unit has 3 covered parking spaces! 

Unit 202S a 3 bedroom Southpoint condo has just been listed for sale for $889,000 this 3 bedroom 2 bathroom 2112 square foot unit has a list price to square foot price of $421.00

Unit 202S has just been remodeled – everything is brand new.  This Galt Ocean Mile condos for sale features: Porcelain 32 x 32 Carrara tile , New appliances, New kitchen cabinets and New bathrooms.  The unit has an amazing ocean view as it is a corner unit in the front ocean stack!

Unit 1603S a 2 bedroom Southpoint condo has just been listed for sale for $574,900 this 2 bedroom 2 bathroom 1662 square foot unit has a list price to square foot price of $346.00

Unit 1603S offers 2 “suite bedrooms” that are split plan for privacy. This Galt Ocean Mile condo for sale has a great dining room area, eat in the kitchen, beautifully tiled floors and a washer and dryer. The unit has upgraded counter-tops in kitchen and stainless appliances!

Southpoint Condos
Pending Sales

There are currently just 1 x Southpoint Galt Ocean Mile condo pending sale – well down from our last post!

In our last post there were 5 units pending sale!

Our market analysis report for this condo is presented below:

BEDS / BATHS LA LP$
Unit 210S 2 / 2 1,859 $529,900

We can see from this report that Unit 210S a 2 bedroom Southpoint condo listed for sale for $529,900 is now pending sale  – this 2 bedroom 2 bathroom 1859 square foot unit has a list price to square foot price of $285.00

Unit 201S offers amazing ocean views from every room of this South-West corner unit.  This Galt Ocean Mile condo features: an open floor plan and open kitchen with open counter-tops.  The unit has a huge walk-in closet, a washer/dryer and car parking in the garage!

View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale recently sold Unit 302S
View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive recently sold Unit 302S

Southpoint Condo Sales
Last 6 Months

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

There were 6 x Southpoint condos sold over the preceding 6 months as in our last post for March 2020 / April 2020!

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

BEDS / BATHS LA SP$
Min 2 / 2 1,528 $435,000
Max 3 / 2 2,000 $820,000
Avg 2 / 2 1,748 $603,000
Median 2 / 2 1,760 $595,000

We can see from this report that the average sales price for a Galt Ocean Mile condo sold over the last 6 months here in Southpoint has been $603,000 – this being for a 2 bedroom 2 bathroom unit of 1748 square feet

We can also see from this report that the median sales price for a condo sold here in Southpoint has been $595,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet.

It is important to note that median prices are up from our last 2 posts!

In our last post the median sales price for a condo sold here in Southpoint over the preceding 6 months was lower at $521,500 – this being for a 2 bedroom 2 bathroom unit of 1606 square feet

In our prior post the median sales price for a condo sold here in Southpoint over the preceding 6 months was much lower at $489,000 – this being for a 2 bedroom 2 bathroom unit of 1550 square feet

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
2 / 2 1,662 $540,000 $325.00
3 / 2 2,000 $820,000 $410.00

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

  • There have been no 1 Bedroom Southpoint Condos sold over the last 6 months based on MLS In our last post the median sales price for a 1 bedroom unit was $313,000 – this being for a 1 bedroom 1 bathroom unit of 1265 square feet with a sales price to square foot price of $247.00
  • 2 Bedroom Southpoint Condos has been $540,000 – this being for a 1662 square foot unit with a sales price to square foot price of $325.00 – In our last post the median sales price for a 2 bedroom unit was higher at $550,000 – this being for a 1662 square foot unit with a sales price to square foot price of $331.00
  • 3 Bedroom Southpoint Condos has been $820,000 – this being for a 2000 square foot unit with a sales price to square foot price of $410.00 In our last post the median sales price for a 3 bedroom unit was the same at $820,000 – this being for a 2000 square foot unit with a sales price to square foot price of $410.00

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 $285.00
Max $410.00
Avg $341.00
Median $337.00

We can see from this report that the median sales price to square foot price at $337.00which is up from $325.00 in our last post and $315.00 in our prior post!

Also important to note is the highest square foot price paid at $410.00 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 89%
Max 95%
Avg 92%
Median 91%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Southpoint  has been 91%

It is important to note that this is well down from 94% in our last post and 95% in our prior 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 57
Max 240
Avg 124
Median 106

We can see from this report that the median days on market for one of the Southpoint Galt Ocean Mile condos sold over the last 6 months  is 106 days!

It is important to note that this is up from our last post when the median days on market was 82 daysor just under 3 months!

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

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

Southpoint
Condo Sales Itemized

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

BEDS / BATHS LA SP$
Unit 302S 3 / 2 2,000 $820,000
Unit 2001S 2 / 2 1,891 $680,000
Unit 709N 2 / 2 1,859 $650,000
Unit 1808N 2 / 2 1,662 $540,000
Unit 504S 2 / 2 1,550 $493,000
Unit 1909S 2 / 2 1,528 $435,000

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 302S (South Tower) a 3 bedroom condo which sold for $820,000.

This 3 bedroom 2 bathroom 2000 square foot unit has a sales price to square foot price of $410.00

This condo had 83 days on market or under 3 months.

Unit 302S sold for 92% 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 range of condos for sale with 15 units for sale including 1, 2 and 3 bedroom units as well as a stunning Penthouse Unit!

Sales have been strong over the last 6 months with 6 units sold and 1 unit pending sale – however buyer activity has slowed right down due to the Covid 19 virus!

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

Kevin Wirth Fort Lauderdale Realtor