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

Southpoint Condos

Southpoint
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our September 2020 / October 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 21 x Southpoint Galt Ocean Mile condos for sale – 7 of which are new listings.

There have been 6 closed sales in the complex over the last 6 months and 3 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
Address: 3410 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $385,000 – $895,000
  • Median List Price $640,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $430,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $259.00
  • Sales Price to List Price 92%
  • Days on Market 99 Days
View Galt Ocean Mile condominium Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale

Southpoint Condos for Sale
Market Report

The following market analysis report is for the 21 x Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale Florida

It is important to note that this is up from the 15 x Southpoint condos for sale as in our last post for July 2020 / August 2020!

Our market summary report for these 21 units is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,153 $385,000
Max 3 / 2 2,112 $895,000
Avg 2 / 2 1,651 $620,562
Median 2 / 2 1,662 $640,000

We can see from the market report on units for sale that the average price for a Southpoint condo for sale is $620,562 – this being for a 2 bedroom 2 bathroom unit of 1651 square feet

In our last post the average price for a Southpoint condo for sale was lower at $590,327 – this being for a 2 bedroom 2 bathroom unit of 1633 square feet

We can also see from the market report that the median price for a unit is $640,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

In our last post the median price for a unit for sale was lower at $574,900 – this being for a 2 bedroom 2 bathroom unit of 1575 square feet

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

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 $389,000 $311.00
2 / 2 1,662 $645,000 $406.00
3 / 2 2,112 $829,000 $393.00

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

  • 1 bedroom condos for sale is $389,000this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $308.00.  In our last post the median for 1 bedroom condos for sale was the same at $389,000 – this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $308.00.
  • 2 bedroom condos for sale is $645,000 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $406.00.  In our last post the median for 2 bedroom condos for sale was lower at $607,450 – this being for a 2 bedroom 2 bathroom 1575 square foot unit with a list price to square foot price of $348.00.
  • 3 bedroom condos for sale is $829,000 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $393.00.  In our last post the median for 3 bedroom condos for sale was $817,000 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $387.00.

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

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 1907N
Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive just listed for sale #1907N

Southpoint Condos
New Listings

There have been 7 new listing of Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days – this is up from our last post!

In our last post for July 2020 / August 2020 there were 4 new listings of Southpoint condos for sale

Our market analysis report for these 7 new Southpoint listings is presented below:

BEDS / BATHS LA LP$
Unit 801S 2 / 2 1,891 $895,000
Unit 802N 2 / 2 1,891 $865,000
PH4S 2 / 2 1,662 $699,000
Unit 1909S 2 / 2 1,575 $659,000
Unit 809S 2 / 2 1,575 $650,000
Unit 1508N 2 / 2 1,662 $458,000
Unit 1907N 1 / 1 1,153 $385,000

We can see from this report that:

Unit 801S a 2 bedroom Southpoint condo has just been listed for sale for $895,000 this 2 bedroom 2 bathroom 1891 square foot unit has a list price to square foot price of $473.00

Unit 801S offers stunning full ocean views and is a North East Corner condo!

This Galt Ocean Mile condo for sale features: a custom kitchen with an island, gorgeous Granite counter-tops and Bosch Appliances.

Unit 802N a 2 bedroom Southpoint condo has just been listed for sale for $865,000 this 2 bedroom 2 bathroom 1891 square foot unit has a list price to square foot price of $457.00

Unit 802N is a Sunny East / South-East facing condo and offers spectacular ocean, coastline and beach views from every room!

This Galt Ocean Mile condo for sale features an open and airy updated kitchen that has custom cabinets and top of the line stainless appliances. All of the bathrooms have been updated.

Penthouse 4S a 2 bedroom Southpoint condo has just been listed for sale for $699,000 this 2 bedroom 2 bathroom 1662 square foot unit has a list price to square foot price of $421.00

Penthouse 4S is amazing open South East views and is fully remodeled!

This Galt Ocean Mile condo for sale features: new Kitchen Aid appliances, new kitchen cabinets, new bathrooms, new floors and new closets.

Unit 1909S a 2 bedroom Southpoint condo has just been listed for sale for $659,000 this 2 bedroom 2 bathroom 1557 square foot unit has a list price to square foot price of $418.00

Unit 1909S is brand new apartment and offers great ocean and city views as well as breathtaking sunset views.

This Galt Ocean Mile condo for sale features: polished Porcelain tile 24 x 48, new bathrooms, new closets, new Kitchen Aid appliances, new kitchen cabinets that are European style!

Unit 809S a 2 bedroom Southpoint condo has just been listed for sale for $650,000 this 2 bedroom 2 bathroom 1557 square foot unit has a list price to square foot price of $413.00

Unit 809S is totally renovated and offers lots of sunlight, gorgeous sunsets and pretty city lights at night!

This Galt Ocean Mile condo for sale features: Stainless Steel kitchen appliances which are top of the line and include a 36″ induction stove-top, wall and convection oven, Jazzy oven hood, double door refrigerator, wine cooler. The kitchen has custom cabinetry.

Unit 1508N a 2 bedroom Southpoint condo has just been listed for sale for $458,000 this 2 bedroom 2 bathroom 1662 square foot unit has a list price to square foot price of $458.00

Unit 1508N is a spacious, split level apartment and offers amazing ocean, pool and city views!

This Galt Ocean Mile condo for sale has a recently renovated bathroom, new tile floors throughout the living room, dining room and kitchen, as well as wood floors in the bedrooms.

Unit 1907N a 1 bedroom Southpoint condo has just been listed for sale for $385,000 this 2 bedroom 2 bathroom 1153 square foot unit has a list price to square foot price of $334.00

Unit 1907N offers stunning East ocean views and gorgeous West sunsets from your over-sized balcony

This Galt Ocean Mile condo for sale features: a remodeled kitchen with Granite counter tops, upgraded bathrooms and tile throughout the unit. The condo has a washer / dryer and impact windows.

View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale pending sale Unit 604N
View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive pending sale # 604N

Southpoint Condos
Pending Sales

There are currently 3 x Southpoint Galt Ocean Mile condos pending sale!

It is important to note that this is down from our last post when there were 5 units pending sale!

Our market analysis report for these condos is presented below:

BEDS / BATHS LA LP$
Unit 1209N 2 / 2 1,859 $650,000
Unit 604N 2 / 2 1,575 $650,000
Unit 909N 2 / 2 1,859 $465,000

We can see from this report that”

Unit 1209S a 2 bedroom Southpoint condo listed for sale for $650,000 is now pending sale  – this 2 bedroom 2 bathroom 1859 square foot unit has a list price to square foot price of $350.00

Unit 1209S is a fully renovated contemporary style North West corner condo.

This Galt Ocean Mile condo has been tastefully renovated and furnished and may be available turnkey. The unit features include: new AC unit, new Stainless Steel appliances, custom Italian kitchen, Granite counter-tops and Venetian plaster walls! 

Unit 604N a 2 bedroom Southpoint condo listed for sale for $650,000 is now pending sale  – this 2 bedroom 2 bathroom 1575 square foot unit has a list price to square foot price of $413.00

Unit 604N is absolutely gorgeous!  The unit is a total renovation of everything and is South facing and Sunny!

This Galt Ocean Mile condo features: an open kitchen with lots of cabinet space, high end Stainless appliances, Quartz countertops and lovely glass Subway tile backsplash.   There is Porcelain ceramic wood grain tile, recessed lighting, new crown moldings and baseboards, new doors, hardware and new solar electric shades through out. This is a smart home system setup!

Unit 909N a 2 bedroom Southpoint condo listed for sale for $499,000 is now pending sale  – this 2 bedroom 2 bathroom 1859 square foot unit has a list price to square foot price of $268.00

Unit 909N’s seller wants to unload this unit immediately! Please bring any and all offers! The condo is now vacant!

View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive Fort Lauderdale recently sold Unit 709N
View Galt Ocean Mile condo Southpoint 3400-3410 Galt Ocean Drive recently sold # 709N

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 – up a little from our last post!

There were 5 x Southpoint condos sold over the preceding 6 months as in our last post for July 2020 / August 2020!

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

BEDS / BATHS LA SP$
Min 1 / 1 1,265 $295,000
Max 2 / 2 1,859 $650,000
Avg 2 / 2 1,639 $454,208
Median 2 / 2 1,662 $430,125

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 $454,208 – this being for a 2 bedroom 2 bathroom unit of 1639 square feet 

In our last post the average sales price for a Galt Ocean Mile condo sold over the preceding 6 months here in Southpoint was much higher at $625,000 – this being for a 2 bedroom 2 bathroom unit of 1788 square feet 

We can also see from this report that the median sales price for a condo sold here in Southpoint has been $430,125 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet.

It is important to note that median prices are down from our last 3 posts!

In our last post the median sales price for a condo sold here in Southpoint over the preceding 6 months was higher at $650,000 – this being for a 2 bedroom 2 bathroom unit of 1859 square feet.

In our prior post the median sales price for a condo sold here in Southpoint over the preceding 6 months was higher at $595,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet.

In our earlier post the median sales price for a condo sold here in Southpoint over the preceding 6 months was higher at $521,500 – this being for a 2 bedroom 2 bathroom unit of 1606 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
1 / 1 1,265 $295,000 $233.00
2 / 2 1,662 $435,000 $285.00

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

  • 1 Bedroom Southpoint Condos has been $295,000 – this being for a 1265 square foot unit with a sales price to square foot price of $233.00 In our last post there had been no 1 bedroom units sold over the last 6 months.  In the last post when 1 bedroom units had been sold 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 $435,000 – this being for a 1662 square foot unit with a sales price to square foot price of $285.00 – In our last post the median sales price for a 2 bedroom unit was higher at $595,000 – this being for a 1760 square foot unit with a sales price to square foot price of $337.00
  • There have been no 3 Bedroom Southpoint Condos sold over the last 6 months – this being based on MLS records In our last post the median sales price for a 3 bedroom unit was $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 $229.00
Max $350.00
Avg $275.00
Median $259.00

We can see from this report that the median sales price to square foot price at $259.00which is down from $350.00 in our last post and $337.00 as in our prior post!

Also important to note is the highest square foot price paid at $350.00 – down from $410.00 per square foot as in our last post!

% 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 98%
Avg 91%
Median 92%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Southpoint  has been 92%

It is important to note that the median is up from 91% as in our last post!

This means if a Fort Lauderdale condo for sale here in Southpoint is listed at $650,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $598,000 – 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 31
Max 650
Avg 186
Median 99

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 99 days or approx 3.3 months!

It is important to note that this is down from our last post when the median was 129 days or 4.3 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 709N 2 / 2 1,859 $650,000
Unit 1808N 2 / 2 1,662 $540,000
Unit 1909S 2 / 2 1,528 $435,000
Unit 210S 2 / 2 1,859 $425,250
Unit 205N 2 / 2 1,662 $380,000
Unit 505S 1 / 1 1,265 $295,000

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 709N (North Tower) a 2 bedroom condo which sold for $650,000.

This 2 bedroom 2 bathroom 1850 square foot unit has a sales price to square foot price of $350.00

This condo had 129 days on market or approximately 4.3 months.

Unit 709N 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 superb range of condos for sale with 21 units for sale including 1, 2 and 3 bedroom units.

Corona-virus had really slowed buyer activity down – however buyer activity and sales in Southpoint are now picking up with 3 units pending sale!

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

Kevin Wirth Fort Lauderdale Realtor