DAILY RENTAL IS OKAY! Great Investment Opportunity! This beautifully remodeled 2 bedroom, 2 bathroom condo offers stunning ocean views and is fully turnkey! With no rental restrictions, you can rent it daily, weekly, or monthly. Enjoy it for yourself when you're in town, and rent it out when you're away. Current bookings are transferable to the new owner--ask agents for details. The condo has been recently remodeled from top to bottom.The primary bedroom features floor-to-ceiling windows with breathtaking beach and ocean views, en-suite bathroom with double sinks, a shower, and plenty of storage space. The second bedroom has partial ocean view, and direct access to the second bathroom, which has a tub/shower combo. The kitchen is equipped with high-end Samsung appliances.
This property is $504.5K more than the Median Sold Price and $482/SqFt more than other homes in Fort Lauderdale, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11025739
Listing Office:
Office Name: The Keyes Company
Office Phone: (561) 750-1000
Listing Agent: Gabriella Ilona Thompson
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,408
Per Month
Principal & Interest
$4,937
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,404
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,032
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Floranada Elementary School
5251 NE 14th Way
Distance between this listing and this school2.11 miles
Public District Grades KG-5
4
/10
Oakland Park Elementary School
936 NE 33rd St
Distance between this listing and this school2.39 miles
Public District Grades PK-5
7
/10
McNab Elementary School
1350 SE 9th Ave
Distance between this listing and this school2.61 miles
Public District Grades KG-5
Nearby Schools
3
/10
James S. Rickards Middle School
6000 NE 9th Ave
Distance between this listing and this school2.78 miles
Public District Grades 6-8
4
/10
Sunrise Middle School
1750 NE 14th St
Distance between this listing and this school2.82 miles
Public Magnet Grades 6-8
7
/10
Somerset Academy Village Charter Middle School
225 NW 29th St
Distance between this listing and this school3.26 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
Northeast High School
700 NE 56th St
Distance between this listing and this school2.66 miles
Public Magnet Grades 9-12
7
/10
Fort Lauderdale High School
1600 NE 4th Ave
Distance between this listing and this school3.23 miles
Public Magnet Grades 9-12
2
/10
Pace Center for Girls Inc.
2225 N Andrews Ave
Distance between this listing and this school3.37 miles
The neighbors living near this home have an average income of $54,804. Typical income of Fort Lauderdale, FL residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4040 Galt Ocean Dr Unit 818
What is the listing price of this property?
The listing price of 4040 Galt Ocean Dr Unit 818 property is $989,000.
What type of property is this?
The property 4040 Galt Ocean Dr Unit 818 is a condo located in Fort Lauderdale, Florida, 33308.
Is this property for sale now?
Active Listing: 4040 Galt Ocean Dr Unit 818 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 4040 Galt Ocean Dr Unit 818 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 4040 Galt Ocean Dr Unit 818 is 1,166 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4040 Galt Ocean Dr Unit 818 is 1960.
This home is located at 4040 Galt Ocean Dr Unit 818 in Fort Lauderdale, FL and zip code 33308 in the Galt Mile neighborhood. This 1,166 square foot home was built in 1960. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $989,000.
While more than 12 listings in Fort Lauderdale, FL in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 72 were sold below. The number of listings in Fort Lauderdale, FL increased by 13.2% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $484,475 during the same period.
From Rocket Homes Real Estate and based on county public records data.