NOT LISTED FOR SALE

4040 Galt Ocean Dr Unit 518 Fort Lauderdale, FL 33308

Galt Mile Neighborhood

Estimated Value: $662,000 - $839,783

2 Beds
2 Baths
1,166 Sq Ft
$1,211/mo HOA Fee

Last Sold August 09, 2019

Last sale price $430,000 $369 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,472/month

153 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Heated Pool
  • Bayview Elementary School Rated A
  • Newly Remodeled
  • Clubhouse

About This Home

As of August 2019

OCEAN FRONT RENTAL INCOME PROPERTY ON GALT OCEAN MILE. 2BED/2BATH CONDO WITH DIRECT SPECTACULAR OCEAN VIEWS. CAN BE RENTED IMMEDIATELY AND AS OFTEN AS YOU LIKE. THIS IS A LOCK-OFF AND CAN BE RENTED AS A 2 BEDROOM OR AS A 1 BEDROOM + A HOTEL ROOM. IMPACT WINDOWS IN ENTIRE BUILDING. AMENITIES INCLUDE: OCEAN FRONT HEATED POOL NEXT TO TIKIBAR, CASA CALABRIA RESTAURANT, SPA/SALON, REAL ESTATE OFFICE, LOUNGE, COFFESHOP MAINTENANCE INCLUDES: WIFI, VALET PARKING, AC COOLANT, CABLE, HOT WATER. MOST OWNERS ARE INVESTORS. THE SALE ALSO INCLUDES AN OCEAN FRONT CABANA WORTH+/- $25,000. CABANA CAN NOT BE PURCHASED SEPARATELY.

Last Agent to Sell the Property

Neill Rathgeb

Prestige Waterfront Realty License #0683834 Listed on: 02/06/2019

Last Buyer's Agent

Neill Rathgeb

Castelli Ft.Lauderdale RE Serv

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,606

Year Built

  • Built in 1960 | Newly Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $1,211 Monthly HOA Fees

Property Views

  • Ocean
  • Pool

Interior Spaces

  • Furnished
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Closed Circuit Camera

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • Deck

Schools

  • Bayview Elementary School

Utilities

  • Central Air
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494319CM1150

Community Details

Overview

  • Association fees include all facilities, management, common areas, cable TV, hot water, laundry, legal/accounting, ground maintenance, maintenance structure, parking, pest control, pool(s)
  • 192 Units
  • Ocean Manor Condo Subdivision
  • 11-Story Property

Amenities

  • Valet Parking
  • Picnic Area
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,606

Year Built

Built in 1960 | Newly Remodeled

Lot Details

0

HOA Fees

$1,211 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: FROM A1A AND OAKLAND PARK: NORTH ON A1A TO EAST AT 36 ST TO NORTH AT STOP SIGN. DRIVE TO 4040 AND VALET PARK.
  • Year Built: 1960
  • Carport Y N: No
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Bedroom on Main Level, Entrance Foyer, Eat-in Kitchen, Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Furnished
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Stories: 11
  • Window Features: Drapes, Impact Glass

Exterior Features

  • Exterior Features: Barbecue, Deck, Security/High Impact Doors
  • View: Ocean, Pool
  • Pool Features: Heated
  • Waterfront Features: Beach Access, Deeded Access, Ocean Access, Ocean Front
  • Waterfront: Yes
  • Disclosures: Foreign Seller
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Deck
  • Property Condition: New Construction

Garage/Parking

  • Garage Yn: No
  • Parking Features: Valet

Utilities

  • Laundry Features: Common Area
  • Security: Closed Circuit Camera(s), Fire Alarm, Other, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 1211.0
  • Senior Community: No
  • Amenities: Clubhouse, Laundry, Barbecue, Picnic Area, Pool, Elevator(s)
  • Association #2 Fee: 1211.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Size Limit, Yes

Fee Information

  • Association Fee Includes: All Facilities, Association Management, Common Areas, Cable TV, Hot Water, Laundry, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s)

Schools

  • Elementary School: Bayview

Lot Info

  • Parcel #: 494319CM1150

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6606.0

Multi Family

  • Number Of Units In Community: 192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
Aug 9, 2019
Sold by
Zazzini Andres Rodolfo and Zazzini Maria Alejandra
Bought by
Om 518 Llc
Seller's Agent
Neill Rathgeb
Prestige Waterfront Realty
Buyer's Agent
Neill Rathgeb
Castelli Ft.Lauderdale RE Serv
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Current Estimated Value
$769,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,196
Avg. Annual Appreciation
10.59%
Original Mortgage
$305,000
Interest Rate
3.73%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 10, 2011
Sold by
Chin Carolyn
Bought by
Zazzini Andres Rodolfo and Zazzini Maria Alejandra

Purchase Details

Closed on
Apr 18, 2005
Sold by
Jervey Richard
Bought by
Chin Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
8.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 23, 2001
Sold by
Scattoreggio John
Bought by
Jervey Richard

Purchase Details

Closed on
Oct 19, 2001
Sold by
Goldman Richard
Bought by
Jervey Richard

Purchase Details

Closed on
Jul 1, 1985
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Om 518 Llc $425,000 Attorney
Zazzini Andres Rodolfo $230,000 Attorney
Chin Carolyn $475,000 Reliance Title Services Inc
Jervey Richard -- Olympia Title
Jervey Richard $155,000 Olympia Title
Jervey Richard -- Olympia Title
Available Not $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Om 518 Llc $305,000
Closed Om 518 Llc $305,000
Previous Owner Chin Carolyn $50,750
Previous Owner Chin Carolyn $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $430,000 -4.4% $369 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $450,000 -- $386 / 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 $12,603 $618,820 -- --
2024 $10,120 $618,820 $52,160 $469,440
2023 $10,120 $511,430 $0 $0
2022 $9,076 $464,940 $0 $0
2021 $8,234 $422,680 $42,270 $380,410
2020 $7,687 $395,250 $39,530 $355,720
2019 $7,736 $429,160 $42,920 $386,240
2018 $6,998 $414,570 $41,460 $373,110
2017 $6,606 $316,250 $0 $0
2016 $6,326 $287,500 $0 $0
2015 $5,966 $261,370 $0 $0
2014 $5,414 $237,610 $0 $0
2013 -- $216,010 $21,600 $194,410
Source: Public Records

Agents Affiliated with this Home

  • Neill Rathgeb

    Seller's Agent in 2019

    Neill Rathgeb

    Prestige Waterfront Realty

    (954) 557-5947

    28 in this area

    30 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    Neill Rathgeb

    Castelli Ft.Lauderdale RE Serv

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10160871

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-19-CM-1150

Florida Broward County Fort Lauderdale 33308 Galt Mile

4040 Galt Ocean Dr Unit 518, Fort Lauderdale, FL

This home is located at 4040 Galt Ocean Dr Unit 518, Fort Lauderdale, FL 33308 since 06 February 2019 and is currently estimated at $769,196, approximately $659 per square foot. This property was built in 1960. 4040 Galt Ocean Dr Unit 518 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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