$230,000
SOLD NOV 13, 2024

4040 Galt Ocean Dr Unit 303 Fort Lauderdale, FL 33308

Galt Mile Neighborhood
2 Beds
1 Bath
310 Sq Ft
$475/mo HOA Fee

Recently Sold

$742 Per Sq Ft

8% Below List Price

4 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Furnished
  • Bayview Elementary School Rated A
  • Community Cabanas
  • Business Center

About This Home

As of November 2024

This studio unit is an incredible investment, already generating consistent rental income for the current owners. Located in the sought-after Ocean Manor Beach Resort, the property allows nightly rentals, giving you the flexibility to maximize earnings.

This units, cozy and efficient layout makes, it a popular choice for vacationers seeking a beachfront escape. Perfect for someone looking for a second home that doubles as an income-producing property, this studio offers all the convenience and luxury of resort living.

With beachfront access and resort-style amenities, this property is located in the heart of Fort Lauderdale Beach/Galt Mile, ensuring high demand year-round. Don’t miss this turnkey investment opportunity—relax and watch the income roll in!

Last Agent to Sell the Property

Alexander Sepkowski

Better Homes & Gdns RE Fla 1st License #3543134 Listed on: 10/02/2024

Better Homes & Gdns RE Fla 1st

Last Buyer's Agent

Helene Cohen

Galt Ocean Realty Inc License #3455356

Galt Ocean Realty Inc

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $3,982

Year Built

  • Built in 1959

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 310 Sq Ft Home
  • Furnished
  • Bar
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Parking

  • Over 1 Space Per Unit
  • Guest Parking

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 494319CH0380

Community Details

Overview

  • Association fees include amenities, internet
  • Ocean Manor Beach Resort Subdivision
  • 11-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Picnic Area
  • Business Center
  • Elevator

Recreation

  • Community Cabanas
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Co-Op

Est. Annual Taxes

$3,982

Year Built

Built in 1959

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Stock Cooperative
  • Property Sub Type Additional: Stock Cooperative
  • Year Built: 1959
  • Carport Y N: No
  • Entry Level: 3
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Handicap Access, Elevator, Bar
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Furnished: Furnished
  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 310.0
  • Stories: 11

Exterior Features

  • Exterior Features: Balcony
  • View: Other
  • Pool Features: Heated
  • Waterfront Features: Ocean Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Guest, Two or More Spaces, Valet

Utilities

  • Security: Door Man
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 475.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Beach Rights, Business Center, Cabana, Elevator(s), Barbecue, Other, Picnic Area, Playground, Pool, Restaurant
  • Association #2 Fee: 475.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes

Fee Information

  • Association Fee Includes: Amenities, Internet

Lot Info

  • Parcel #: 494319CH0380

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3982.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Nov 13, 2024
Sold by
Bergholm Richard and Bergholm Linda
Bought by
Ocean Manor Suites Llc
Seller's Agent
Alexander Sepkowski
Better Homes & Gdns RE Fla 1st
Buyer's Agent
Helene Cohen
Galt Ocean Realty Inc
List Price
$248,800
Sold Price
$230,000
Premium/Discount to List
-$18,800
-7.56%
Total Days on Market
4
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.63%
Original Mortgage
$300,000
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Closed on
May 10, 2013
Sold by
Stern Semyon and Stern Khona
Bought by
Bergholm Richard and Bergholm Linda

Purchase Details

Closed on
Jun 29, 2005
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Oct 26, 2004
Sold by
Williams Joseph E
Bought by
Vajda Janos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2004
Sold by
Bfp Investments Ltd
Bought by
Williams Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 1998
Sold by
Omg/Galt Inc
Bought by
Bpf Investments Limited

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 None Listed On Document
Warranty Deed $230,000 None Listed On Document
Warranty Deed $107,500 Sterling Title Partners Inc
Warranty Deed $195,000 --
Warranty Deed $135,000 --
Warranty Deed $90,000 --
Warranty Deed $1,500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $300,000 Construction
Previous Owner $108,000 Purchase Money Mortgage
Previous Owner $72,000 Purchase Money Mortgage
Previous Owner $1,850,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $359,000 +56.1% $1,158 / Sq Ft
11/13/2024 11/13/24 Sold $230,000 -7.6% $742 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $248,800 -- $803 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,180 $227,000 $22,700 $204,300
2024 $4,023 $213,030 -- --
2023 $4,023 $176,070 $0 $0
2022 $3,322 $160,070 $16,010 $144,060
2021 $3,145 $150,880 $15,090 $135,790
2020 $2,954 $141,320 $14,130 $127,190
2019 $2,977 $143,470 $14,350 $129,120
2018 $2,801 $140,170 $14,020 $126,150
2017 $2,667 $128,770 $0 $0
2016 $2,519 $117,070 $0 $0
2015 $2,422 $106,430 $0 $0
2014 $2,158 $96,760 $0 $0
2013 -- $79,310 $7,930 $71,380
Source: Public Records

Agents Affiliated with this Home

  • Helene Cohen

    Seller's Agent in 2025

    Helene Cohen

    Galt Ocean Realty Inc

    (732) 762-5640

    15 in this area

    32 Total Sales

    Helene Cohen
    Section Image

  • A

    Seller's Agent in 2024

    Alexander Sepkowski

    Better Homes & Gdns RE Fla 1st

    (410) 570-2380

    1 in this area

    13 Total Sales

    Alexander Sepkowski
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10464493

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-19-CH-0380

Florida Broward County Fort Lauderdale 33308 Galt Mile

4040 Galt Ocean Dr Unit 303, Fort Lauderdale, FL

This home is located at 4040 Galt Ocean Dr Unit 303, Fort Lauderdale, FL 33308 and is currently priced at $230,000, approximately $741 per square foot. This property was built in 1959. 4040 Galt Ocean Dr Unit 303 is a home located in Broward County with nearby schools including Bayview Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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