Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean Manor Beach Resort Condos Title is generated by Realmo AI

    4040 Galt Ocean Drive, Fort Lauderdale, FL 33308

    View on Map
    Claim this Listing
    For Sale
    $3,420,500

    Six income-producing condos in Fort Lauderdale's Ocean Manor Beach Resort.

    Type:LH, RES
    Added:
    Oct 21, 2025
    Days on Market:
    223
    Last Refresh:
    Apr 3 at 5:00 am

    Property Features for 4040 Galt Ocean Drive

    General Information

    Standard status
    Active
    Property subtype
    LH, RES

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Stephen Molinari

    Listing agent Stephen Molinari License #3530706

    Listing office KW Commercial | Boca Raton East

    Listing date Oct 21, 2025

    Source Realnex

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Boca Raton East

    HighLights

    • Portfolio of six income‑producing, fully furnished condominiums directly on the beach at the Ocean Manor Beach Resort.
    • Unrestricted daily rental policy (Airbnb‑friendly) for maximum income potential.
    • Prime oceanfront location on Galt Ocean Mile, a high‑demand tourist destination.
    • Access to full resort amenities: private beach, oceanfront heated pool, Tiki bar, 5‑star Italian restaurant, spa, salon, coffee bar, and valet parking.
    • Proven income performance with consistent occupancy and strong average daily rate (ADR).
    • Potential for long‑term capital appreciation due to surging redevelopment and luxury projects in the area.

    Overview

    This is a portfolio of six income-producing condominiums located within the Ocean Manor Beach Resort in Fort Lauderdale. Situated directly on the sand at 4040 Galt Ocean Drive, this collection of condos offers strong cash flow and long-term capital appreciation. Each fully furnished unit offers access to amenities including a private beach, oceanfront heated pool, Tiki bar, Casa Calabria Italian restaurant, on-site spa, salon, coffee bar, and valet parking. The location is near grocery stores, boutique retail, gyms, and restaurants along Galt Ocean Mile, and minutes from Las Olas Boulevard, Fort Lauderdale International Airport, and Port Everglades. The property is in a high-demand tourist market attracting over 13 million annual visitors to Greater Fort Lauderdale. There are no rental restrictions, allowing daily, weekly, or monthly rentals through Airbnb or on-site management. Redevelopment and luxury projects along Galt Ocean Mile enhance long-term appreciation. This portfolio offers consistent income and asset diversification, ideal for short-term rental investors or private equity seeking beachfront exposure. Seller financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bamboo Beach Tiki ... Restaurant Ocean Manor Oasis Hotel & Motel Ocean Manor Beach ... Hotel & Motel tiki sunset retreat Hotel & Motel Arlo Solutions LLC Professional Services

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.0972176
    Latitude
    26.1778267

    Nearby Similar for Sale

    • $3,300,000
      7,830 SF

      Sunrise Boulevard Commercial Investment Opportunity

      Commercial property with multiple income streams on Sunrise Boulevard.
      2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $400,000
      3,120 SF

      Fort Lauderdale Restaurant Opportunity

      Turnkey restaurant with liquor license near Fort Lauderdale Beach.
      1025 N Federal Highway, Fort Lauderdale, FL
      View Details
    • $1,200,000
      2,612 SF

      High Visibility Retail Opportunity

      Retail space with high visibility and easy highway access.
      1744 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • $2,295,000
      6,458 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Eleven-unit apartment building in east Fort Lauderdale, fully occupied.
      1325/1329/1333 NE 5th Terrace, Fort Lauderdale, FL
      View Details
    • $710,000
      1,108 SF

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy in Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $1,549,000
      4,854 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Well-maintained 6-unit property near the beach with upside potential.
      2633 Middle River Drive, Fort Lauderdale, FL 33306
      View Details
    • $1,549,000
      4,854 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Six-unit multifamily property near the beach with income potential.
      2633 Middle River Drive, Fort Lauderdale, FL
      View Details
    • $2,650,000
      1,656 SF

      Prime Location on W Broward Blvd

      Highly visible corner site ideal for redevelopment or 2nd-Gen restaurant.
      1122 W Broward Boulevard, Fort Lauderdale, FL 33312
      View Details
    • $1,029,000
      2,681 SF

      Fort Lauderdale Triplex with Pool

      Well-maintained triplex with resort-style pool, near beaches and dining.
      1681 NE 56th Street, Fort Lauderdale, FL 33334
      View Details
    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
      511 SE 5th Ave (Restaurant), Fort Lauderdale, FL 33301
      View Details
    • $875,000
      2,530 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Four-unit property near downtown and beaches, ideal for crew housing.
      305 SW 16th Street, Fort Lauderdale, FL 33315
      View Details
    • $875,000
      2,530 SF

      Fort Lauderdale Multifamily Investment Opportunity

      High-yield, fully managed investment opportunity near downtown and beaches.
      301 SW 16th Street, Fort Lauderdale, FL 33315
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Six income-producing condos in Fort Lauderdale's Ocean Manor Beach Resort.
    Where is this short term rental property located?
    The property is located at 4040 Galt Ocean Drive Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $3,420,500.
    What are key features of this property?
    This property features: Portfolio of six income‑producing, fully furnished condominiums directly on the beach at the Ocean Manor Beach Resort.; Unrestricted daily rental policy (Airbnb‑friendly) for maximum income potential.; Prime oceanfront location on Galt Ocean Mile, a high‑demand tourist destination.
    (561) 305-6161
    We can help!
    Listing Contact
    Stephen Molinari
    Real Estate License ID: 3530706
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4040 Galt Ocean Drive, Fort Lauderdale, FL 33308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!