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L’Ambiance Condos

L’Ambiance
Galt Ocean Mile Condos

Welcome to my August 2018 / September 2018 post on L’Ambiance Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in L’Ambiance are luxury units set right on the ocean in one of the newer construction condominiums here on Galt Ocean Mile.

Search L’Ambiance Condos for Sale

 

There is currently just 1 x Luxury Galt Ocean Mile direct oceanfront condos for sale here in L’Ambiance.

There have been 6 sales of a luxury oceanfront condo in this complex over the last 6 months and 2 units are currently pending sale!

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in L’Ambiance – Important information for both buyers and sellers!

L’Ambiance
Galt Ocean Mile Condos – Key Statistics
L’Ambiance Condominium complex in Fort Lauderdale, Florida
Address: 4240 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $699,000 

Median Sales Prices

  • Sales Price last 6 Months $803,750
    – 3 Bedroom 2 Bathroom luxury unit
  • Sales Price to Square Foot Price $399.00
  • Sales to List Price 96%
  • Days on Market 246 Days
L'Ambiance condominium 4240 Galt Ocean Drive Fort Lauderdale Florida
View of L’Ambiance condominium 4240 Galt Ocean Drive on our famous “Galt Ocean Mile”

L’Ambiance
Condos for Sale

There is currently just 1 x luxury L’Ambiance Galt Ocean Drive condo for sale here on Galt Ocean Mile – well down from our last 2 posts!

In our last post on L’Ambiance condos for sale for June / July 2018 there were 4 condos for sale and in our prior post for April / May 2018 there were 6 condos for sale!

Our market analysis report for this 1 x luxury Galt Ocean Mile condo for sale is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
3 / 2 1836 $699,000 $381.00

We can see from this report that a 3 bedroom unit is currently offered for sale for $699,000 – this being for a 3 bedroom 2 bathroom 1836 square foot unit has a list price to square foot price of $381.00

This unit is a Cannes Corner 06 Line!

In our last post the  the median price for a luxury condo for sale here in L’Ambiance was higher at $774,450 – this being for a 3 bedroom 2 bathroom unit of 1836 square feet with a list price to square foot price of $408.00


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now


L’Ambiance
Galt Ocean Mile – “Condo Lines”

Currently we have a good range of Galt Ocean Mile condos for sale “by Line” here in L’Ambiance.

The diagram below gives us an outline of the building condos currently for sale by line.

Plan L'Ambiance Galt Ocean Mile Condos for Sale by Lines

We can see from this diagram the different lines for L’Ambiance Galt Ocean Mile condos for sale – these “lines” being known as Astor, Bristol and Cannes.

Astor – Line 3 – Floors 24-25
These are 3 bedroom oceanfront condo units with a den and 4.5 bathrooms

Bristol – Line 5 – Floors 4 – 23
These are 2 bedroom oceanfront condo units with a den / 3rd bedroom convertable and 2.5 bathrooms

Cannes – Line 1 and 6 – Floors 4-23
These are 2 bedroom condo units with a den / 3rd bedroom convertible and 2 bathrooms

View L'Ambiance 4240 Galt Ocean Drive Fort Lauderdale condo pending sale - Unit 1006
View L’Ambiance 4240 Galt Ocean Drive Fort Lauderdale condo pending sale – Unit 1006

L’Ambiance Condos
New Listings

There have been no new listings of luxury condos here in L’Ambiance over the last 30 days – This is the same as in our last post!

L’Ambiance Condos
Pending Sales

There is currently 2 x luxury L’Ambiance Galt Ocean Mile condos pending sale here in L’Ambiance – up from our last post!

In our last post there was 1 unit pending sale L’Ambiance unit 901 a 3 bedroom condo offered for sale for $689,000 

Our market report for these two units is presented below:

CONDO BEDS / BATHS LA LP$
Unit 2101 3 / 2 1836 $725,000
Unit 1006 3 / 2 1836 $699,000

We can see from this report that:

Unit 2101 a 3 bedroom L’Ambiance “Cannes 01” condo listed for sale for $725,000 is now pending salethis 3 bedroom 2 bathroom 1836 square foot unit has a list price to square foot price of $395.00

This Luxury Galt Ocean Mile condo has never lived in – and is still in “designer ready” condition with concrete flooring.

The unit is a high floor corner condo with sweeping views of city and waterways – enjoy the sunsets and some ocean views!

Unit 1006 a 3 bedroom L’Ambiance “Cannes 06” condo listed for sale for $699,000 is now pending salethis 3 bedroom 2 bathroom 1836 square foot unit has a list price to square foot price of $381.00

This Luxury Galt Ocean Mile condo offers spectacular and panoramic Intracoastal and city views.

The unit has floor to ceiling impact glass windows and doors and a gourmet kitchen with custom cabinets. The Master bedroom suite opens to a large balcony with stunning Intracoastal views

View Galt Ocean Mile condo recently sold L'Ambiance Fort Lauderdale - Unit 805
View Galt Ocean Mile condo recently sold L’Ambiance Fort Lauderdale – Unit 805

L’Ambiance Condos
Recent Sales – Last 6 Months

There have been 6 x L’Ambiance Galt Ocean Mile condos sold over the last 6 months

It is very important to note that sales of L’Ambiance 4240 Galt Ocean Drive Fort Lauderdale condos are well up from our last 2 posts!

In our last post for June / July 2018 there had been 4 x L’Ambiance Galt Ocean Mile condos sold over the preceding 6 months – which in turn was up from just 2 x L’Ambiance condos sold over the preceding 6 months as in our prior post!

The market analysis report for these 6 sales is presented below.

BEDS / BATHS LA SP$
Min 3 / 2 1836 $652,500
Max 3 / 2 2318 $975,000
Avg 3 / 2 2077 $808,333
Median 3 / 2 2077 $803,750

We can see from this report that the average price for a luxury Galt Ocean Mile condo sold here in L’Ambiance over the last 6 months has been $808,333 – this being for a 3 bedroom 2 bathroom unit 

We can also see that the median price for a luxury condo sold here in L’Ambiance over the last 6 months has been $803,750 – this being for a 3 bedroom 2 bathroom unit 

It is important to note that the median sales price is the same as in our last post for June / July 2018 when just 4 units had been sold over the preceding 6 months!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL L’Ambiance Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $355.00
Max $421.00
Avg $391.00
Median $399.00

We can see from this report that the median sales price to square foot price paid for a condo sold here in L’Ambiance over the last 6 months has been $399.00 per square foot  – up from $385.00 in our last post and $360.00 in our prior post!

It is important to note the highest square foot price paid at $421.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for L’Ambiance Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 93%
Max 98%
Avg 95%
Median 96%

We can see from this report that the median sales price to list price has been 96% – up from 95% as in our last 3 posts! 

This means if a Fort Lauderdale condo for sale here in L’Ambiance is listed at $900,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $864,000.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in L’Ambiance is an important indicator on how strong demand is for condos in this complex..

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 84
Max 686
Avg 293
Median 246

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in L’Ambiance is 293 days

We can also see that the median days on market at 246 days or just over 8 months – down from 321 days in our last post!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

L’Ambiance
Sales by Unit

Here is our market summary report for L’Ambiance condos showing the data for each of the units sold over the last 6 months.

CONDO BEDS / BATHS LA SP$
Unit 605 3 / 2 2318 $975,000
Unit 405 3 / 2 2318 $950,000
Unit 805 3 / 2 2318 $925,000
Unit 1906 3 / 2 1836 $682,500
Unit 901 3 / 2 1836 $665,000
Unit 1406 3 / 2 1836 $652,500

We can see from this report the details for each unit sold as well as the most expensive unit sold which was Unit 605 a 3 Bedroom Luxury L’Ambiance condo which sold for $999,999this 3 bedroom 2 bathroom unit of 2318 square feet had a sales price to square foot price of $431.00

Unit 605 a Bristol Model sold for 98% of list price and had 268 days on market – or just under 9 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

L’Ambiance Galt Ocean Mile condos are units in one of the newer construction Fort Lauderdale luxury condominiums here on Galt Ocean Mile.

I am very pleased to report that sales continue to be strong in L’Ambiance with 2 units pending sale and 6 units sold over the last 6 months!

On the other hand – now we have a very low inventory situation with just 1 unit for sale!

I hope you have enjoyed this post on L’Ambiance condos for sale Fort Lauderdale – Kevin Wirth Realtor