Cays Realty
3700 Galt Ocean Drive 1215, Fort Lauderdale, FL 33308 — MLS photo

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3700 Galt Ocean Drive 1215, Fort Lauderdale, FL 33308

Active · Condominium

$935,000

3700 Galt Ocean Drive 1215, Fort Lauderdale, FL 33308

Beds
3
Baths
2
Living area
1,490 sq ft
$ / sq ft
$628/sq ft
Year built
1967
Lot size
—
HOA fee
$1,248 Monthly
Annual tax
$9,988

About this property

Discover your dream oceanfront residence in the heart of Fort Lauderdale! This true 3-bedroom condominium offers direct ocean access and is perfect for all ages in the Bayview School District. Offering a Washer and Dryer in the unit and Impact Windows. Freshly painted, newer baths Double sink in primary and walk in closet. Just minutes from shopping and fine dining, this gem welcomes ESA animals making it an ideal choice. No assessments, the 50-year inspection is complete, and fully paid! The building has undergone complete concrete restoration, offering you a secure investment. The RA has all the amenities including Valet, Gym, lobby attendant and longtime building Manager on site! With seller financing available at a competitive rate and terms who could refuse. Paradise awaits.

Property location

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3700 Galt Ocean Drive 1215, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,490 sq ft
Flooring
Ceramic Tile, Vinyl
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Dual Sinks, Entrance Foyer, Living Dining Room, Custom Mirrors, Shower Only, Stacked Bedrooms, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
19
Architectural style
High Rise
Construction
Block
Exterior features
Barbecue, Lighting, Security High Impact Doors
Pool
Association, Community
Waterfront
Ocean Access
View
Intercoastal, Ocean, Water

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$1,248 Monthly
Fee inclusions
Insurance, Pest Control, Pools, Reserve Fund, Sewer, Trash, Water
Amenities
Clubhouse, Community Kitchen, Fitness Center, Barbecue, Picnic Area, Pool, Elevators
Security
Door Man, Lobby Secured, Security System
Pets allowed
No
Annual tax
$9,988
Subdivision
Royal Ambassador
County
Broward
Days on market
239
MLS listing ID
F10554922
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,330

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.7%
Gross yield
6.7%
Mortgage payment
$4,432/mo
Down payment
$233,750
Loan amount
$701,250
Annual NOI
$25,223

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.