Ocean Riviera

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3 condos for sale

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The Galt Ocean Mile is one of the only beach towns in South Florida that delivers an affordable luxury residential experience in pre-2000 vintage high-rise buildings - $300 to $700-per-square-foot under air (UA) - where the condo owners step from their campus onto white sand beaches with no roads to cross. And in addition, it offers:

• The Intracoastal waterway a few hundred yards in front of tower entrances as a backdrop.
• A seamless New Urban Living connection to Downtown Fort Lauderdale and its famous Las Olas Boulevard - a short jog southwest of it (see more below).

Thus, it's safe to say that the narrow 1,700-yard strip of Fort Lauderdale real estate, which defines Galt Ocean Mile and includes condos for sale in Ocean Riviera (one of its thirty or so tower occupants), is South Florida's best-kept secret. However, it’s one nobody's trying to hide, least of all us. Indeed, Ocean Riviera condominium is one of the later vintage buildings (1971), following others that qualify as historic (emerging as early as 1957). As a result, you'll find its MLS listings among 220 units contained within 20 stories ranging from 870 to 2117 square feet (UA) floor plans. 

Ocean Riviera Condos For Sale

Reduced

$595,000

$675,000

MLS#FX-10515993

3550 Galt Ocean Dr 607
Fort Lauderdale, FL 33308

2

2

1

1,656 Sq Ft

Ocean Front

58 Days

Under Contract

$459,000

$550,000

MLS#FX-10493536

3550 Galt Ocean Dr 804
Fort Lauderdale, FL 33308

1

2

1,076 Sq Ft

Ocean Front

169 Days

Reduced

$419,900

$427,900

MLS#FX-10508299

3550 Galt Ocean Dr 608
Fort Lauderdale, FL 33308

1

2

1,076 Sq Ft

Ocean Front

99 Days

3 Active Listings in Ocean Riviera

So, what stands out in Ocean Riviera Condominium that'll convince you to make this your dream home in Fort Lauderdale? Many features, services, and amenities covered by monthly HOA fees of 66 cents per square foot of condo ownership (average for Galt Ocean Mile towers) as follows:

• A renovated retro-modern lobby, library, terrace room, and laundry.
• A fitness center and well-equipped exercise room but could do with adding new-tech apparatus (one of the only cons in a long list of pros). 
• Liberal HOA rental protocols, making this tower attractive to investors, plus a well-oiled leasing framework.
• Taking maximum advantage of the location - an ocean-side heated swimming pool, surrounding sundecks, a zen garden for meditation, and 200 feet of beach frontage.
• Allocated underground parking for Ocean Riviera condo owners and substantial visitor parking spaces.

Investors in Ocean Riviera condos for sale with the intention of leasing should inquire about extra tenant servicing costs outside of the HOA fees that may impact their income. Notably, over the fifty (plus) years (as of 2023 time of writing this), residents have significantly remodeled interiors.

Pricing of Ocean Riviera Condos For Sale

Our real estate pricing analysis over 17 months uncovered six closed MLS deals in Ocean Riviera - $484,000 to $960,000 - registering a valuation gap of $392 to $536 per square foot under air (a significant $144 or 37%). Undoubtedly this gap is a function of varying vistas, remodeling, investor objectives, and condo dimension differentials. Notably, 3 condos for sale are available in Ocean Riviera in Fort Lauderdale.

Fort Lauderdale Oceanfront Location

Ocean Riviera Condominium residents not only access magnificent beach facilities as described, they're also hook, line, and sinker into the New Urban Living lifestyle mentioned above. So what precisely is New Urban Living? It's the concept of living in luxury, working from home, walking, biking, or five-minute driving to every big city convenience under the Florida sun. Also, fifteen minutes by auto takes you to top-rated clinics and the Fort Lauderdale International Airport.

Comparable Alternatives to Ocean Riviera

The closest Galt Ocean Mile alternatives to Ocean Riviera Condo are later vintage towers under $1 million:

• Fountainhead
• Galleon, Galt Ocean Club, and Galt Towers
• Hampton Beach Club
• Ocean Summit
• Playa del Sol, Plaza East, Plaza South
• Sea Ranch Lakes, Southpoint
• The Vue

A price level down (earlier vintages around 1960) are Royal Ambassador, Berkley South, Caribe, Continental, Coral Ridge Towers, and Playa del Mar.

When you connect with ZFC Real Estate as a buyer's agent, you can count on VIP treatment in every vertical you select to investigate. 

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