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4040 Galt Ocean Drive # 427, Fort Lauderdale FL 33308

Condo/Co-op Recently Sold
$220,000

BTC: 3.64238411

ETH: 137.95784761

Sold on: 2022-02-04
3 days
Waterfront
1 bds
1 ba
310 sqft

Overview

Investors welcome! Don't miss the opportunity to own a turn-key, fully furnished, income-producing studio condo with an amazing view and private beach access in a high-demand, expanding Fort Lauderdale area. Ready to rent out *immediately* without major restrictions (privately or through the hotel), this property typically earns an approximate gross revenue of $32,000 at around 65% occupancy (higher income may be possible with increased occupancy). Low HOA and property taxes also allow for a dream Florida lifestyle by the ocean and near shopping plazas and entertainment centers, in case you'd like to occupy the unit yourself! Won't last, contact the Listing Agent now!

Location

Details

Type:
Residential
Parking:
1 Space / Assigned
Year Built:
1960
Lot:
No Data
Heating:
None
Price/sqft:
$710
Cooling:
Ceiling Fan(s) / Central Air
HOA:
$389

Valuation

Our model vs. what's actually selling nearby.
Estimate
$299,499
$215K – $330K
Confidence Low
List vs. estimate
$79K below estimate
List $220,000 · -26.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$709
+65.3% vs. city median $429
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,083
2021
HOA
$389/mo
Pool
Community
View
Ocean, Direct Ocean
Waterfront
Ocean Access
Furnished
Furnished,Furniture Only
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Concrete

    • Other

    Heating

    • None

    Cooling

    • Ceiling Fan(s)

    • Central Air

    Appliances

    • Microwave

    • Refrigerator

    Other interior features

    • Interior Hall

    • Elevator

    • Studio Apartment

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    Property

    • Pool Private: Yes

    Other Property Information

    • Parcel Number: 494319ch0950

    • Zoning: R

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • HOA: $389

    • HOA Frequency: Monthly

    • Annual tax amount: $3,083

  • Source details

    • MLS ID: R10767703

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Laundry Features: Common Area

    • Pool Features: Community

    • Window Features: Complete Impact Glass

    • Direction Faces: East

    • Other Structures: Livable

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Living Area: 310

    • Subdivision Name: OCEAN MANOR CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty /Delray Beach