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Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos for Sale

Welcome to my August / September 2018 post on Royal Ambassador Galt Ocean Mile Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Royal Ambassador offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

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There are currently 6 x Royal Ambassador Galt Ocean Mile condos for sale – 1 of which is a new listing!

There have been 3 sales of condos here 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 over the last 6 months!

We also compare recent sales trends in Royal Ambassador – Important information for both buyers and sellers!

Royal Ambassador
Galt Ocean Mile – Key Statistics
Royal Ambassador Address: 3700 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $235,000 – $559,000

Median Prices

  • Sales Price last 6 Months $475,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $412.00
  • Median Sales to List Price 95%
  • Days on Market 81 Days
View Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
View Royal Ambassador condominium 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador
Condos for Sale

There are currently 6 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is dowm from the 8 x Royal Ambassador condos for sale as in our last post for June / July 2018

Here is the market report is for these 6 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $235,000
Max 3 / 2 1490 $559,000
Avg 1 / 1 993 $341,083
Median 1 / 1 870 $269,250

We can see from this report that the average price for a unit for sale in Royal Ambassador is currently $341,083 – this being for a 1 bedroom 1 bathroom unit of 993 square feet!

We can also see from this report that the median price for a unit for sale  is $269,250 – this being for a 1 bedroom 1 bathroom unit of 870 square feet

We can also see that the most expensive unit for sale is a 3 bedroom condo listed for sale at $559,000 and the least expensive unit for sale is a 1 bedroom unit listed for sale at $235,000.

Pool and ocean views Galt Ocean Mile condo for sale Royal Ambassador
Pool and ocean views Galt Ocean Mile condo for sale Royal Ambassador

Royal Ambassador
Prices by Bedroom

Here are the median prices for Royal Ambassador Galt Ocean Mile condos for sale by unit / by bedroom – and a comparison to median prices for units for sale by bedroom based on our last post:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 835 $244,250 $293.00
2 / 2 1130 $475,000 $420.00
3 / 2 1490 $559,000 $375.00

We can see that the median price for:

  • 1 Bedroom Royal Ambassador condos for sale is $244,250 – this being for a 1 bedroom 1 bathroom unit of 835 square feet with a list price to square foot price of $293.00 – In our prior post the median price for 1 Bedroom Royal Ambassador condos for sale was higher at $246,450 – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a list price to square foot price of $283.00
  • 2 Bedroom Royal Ambassador condos for sale is $475,000 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $420.00 In our prior post the median price was higher at $499,900 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $425.00
  • 3 Bedroom Royal Ambassador condos for sale is $559,000 – this being for a 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $375.00 In our prior post there were no 3 bedroom condo units for sale!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A.  – Realtor
Galt Ocean Mile Specialist
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

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Royal Ambassador
New Condo Listings

There has been 1 new listing of a Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days – this is down from 2 new listing as in our last post!

Our Market Analysis report for this new listings is presented below:

CONDO BEDS / BATHS LA LP$
Unit 103 1 / 1 800 $249,500

We can see from this report that unit 103 a 1 bedroom Royal Ambassador condo has just been listed for sale for $249,500this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $312.00 

View Royal Ambassador 3700 Galt Ocean Mile condo pending sale - Unit 1401
View Royal Ambassador 3700 Galt Ocean Mile condo pending sale – Unit 1401

Royal Ambassador
Pending Sales

There are currently 2 x Royal Ambassador Galt Ocean Mile condos pending sale – This is well up from no units pending sale as in our last 3 posts!

Our Market Analysis report for the 2 units pending sale is presented below:

CONDO BEDS / BATHS LA LP$
Unit 1401 2 / 2 1130 $529,000
Unit 1704 1 / 1 950 $315,000

We can see from this report that:

Royal Ambassador unit 1401 a 2 bedroom condo listed for sale for $529,000 is now pending salethis 2 bedroom 2 bathroom 1130 square foot unit has a list price to square foot price of $468.00 

Unit 1401 offers ocean views from every room and you can smell the salt in the air!  This Galt Ocean Mile condo features an open concept floor plan with a custom kitchen designed with granite counter tops and stainless steel appliances.  The unit has hard wood flooring throughout!

Royal Ambassador unit 1704 a 1 bedroom condo listed for sale for $315,000 is now pending salethis 1 bedroom 1 bathroom 950 square foot unit has a list price to square foot price of $332.00 

Unit 1704 is a penthouse unit and offers ocean and city views from large impact windows and the open glass balcony.  This Galt Ocean Mile condo features an  open kitchen with Corian counter tops and crown moldings.  The unit has a walk-in closet!

View Galt Ocean Mile condo recently sold Royal Ambassador Fort Lauderdale Unit 1606
View Galt Ocean Mile condo recently sold Royal Ambassador Fort Lauderdale Unit 1606

Royal Ambassador
Recent Sales – Last 6 Months

There have been 3 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months down from our last 2 posts!

In our last post for June / July 2018 there had been 4 sales of Royal Ambassador condos over the preceding 6 months and in our prior post for April / May 2018 there had been 6 sales over the preceding 6 months!

Our market analysis report for these 3 units sold is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 800 $255,000
Max 2 / 2 1250 $515,000
Avg 2 / 2 1060 $415,000
Median 2 / 2 1130 $475,000

We can see from this report that the average sales price for a unit here in Royal Ambassador over the last 6 months has been $415,000 – this being for a 2 bedroom 2 bathroom unit of 1060 square feet!

We can also see that the median sales price for a unit here in Royal Ambassador has been $475,000 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Royal Ambassador condos sold over the last 6 months.

SP$/SqFt
Min $319.00
Max $420.00
Avg $384.00
Median $412.00

We can see from this report that the median sales price to square foot price paid for a Royal Ambassador condo sold over the last 6 months has been $412.00 per sq ft

It is important to note that the median is well up from $321.00 as in our last post!

It is also important to note is the highest price paid at $420.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Royal Ambassador 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 91%
Max 97%
Avg 95%
Median 95%

We can see from this report that median sales price to list price for Royal Ambassador Galt Ocean Mile condos over the last 6 months has been 95% – well down from 99% in our last post!

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $450,000 – then based on median sales data the condo could  be expected to sell for 98% of that amount or $427,500 based on MLS data.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Royal Ambassador is an important indicator of demand for units in this complex.

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

DOM
Min 41
Max 91
Avg 71
Median 81

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 81 days or just under 12 weeks

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

Royal Ambassador
Condo Sales Itemized

Here is the data for each of the Royal Ambassador Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 1606 2 / 2 1250 $515,000
Unit 910 2 / 2 1130 $475,000
Unit 1204 1 / 1 800 $255,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 1606 a 2 bedroom 2 bathroom condo which sold for $515,000!

Unit 1606 sold for 97% of its list price and the unit had 91 days or just over 3 months on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Royal Ambassador Galt Ocean Mile condos are popular direct oceanfront units here on the famous Galt Mile Beach – and this complex I really love!

We currently have a good mix of condos for sale with 6 units for sale, including 1, 2 and 3 bedroom units!

I hope you have enjoyed this post on Royal Ambassador Galt Ocean Mile Condos for Sale – by Kevin Wirth Realtor