View Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale condos for sale

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos for Sale

Welcome to my October 2018 / November 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 4 x Royal Ambassador Galt Ocean Mile condos for sale – 1 of which is a new listing!

There have been 5 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 $182,900 – $559,000

Median Prices

  • Sales Price last 6 Months $295,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $319.00
  • Median Sales to List Price 94%
  • 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 4 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is down from the 6 x Royal Ambassador condos for sale as in our last post for August / September 2018

Here is the market report is for these 4 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 0 / 1 600 $182,900
Max 3 / 2 1490 $559,000
Avg 1 / 1 922 $340,200
Median 1 / 1 800 $309,450

We can see from this report that the average price for a unit for sale in Royal Ambassador is currently $340,200 – this being for a 1 bedroom 1 bathroom unit of 922 square feet!

We can also see from this report that the median price for a unit for sale  is $309,450 – this being for a 1 bedroom 1 bathroom unit of 800 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 $182,900.

Ocean views sun deck Royal Ambassador condo for sale Galt Ocean Mile
Ocean views sun deck Royal Ambassador condo for sale Galt Ocean Mile

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
0 / 1 600 $182,900 $305.00
1 / 1 800 $309,450 $361.00
3 / 2 1490 $559,000 $375.00

We can see that the median price for:

  • Royal Ambassador Studios for sale is $182,900 – this being for a 1 bathroom unit of 600 square feet with a list price to square foot price of $305.00 – In our prior post there were no studios units for sale here in Royal Ambassador!
  • 1 Bedroom Royal Ambassador condos for sale is $309,450 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $361.00 – In our last post the median price for 1 Bedroom Royal Ambassador condos for sale was lower at $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
  • There are currently no 2 Bedroom Royal Ambassador condos for sale In our last post the median price was $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
  • 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 last post the median price was the same at $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

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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View Galt Ocean Mile New Listings

 


View Galt Ocean Mile condo just listed for sale Royal Ambassador 3700 Galt Ocean Drive - Unit 1703
View condo just listed for sale Royal Ambassador 3700 Galt Ocean Drive – Unit 1703

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 being a 1 bedroom penthouse unit – this is the same number of new listings as in our last post for August / September 2018!

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

CONDO BEDS / BATHS LA LP$
PH 1703 1 / 1 800 $329,900

We can see from this report that Penthouse Unit 1703 a 1 bedroom Royal Ambassador condo has just been listed for sale for $329,900this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $412.00 

Penthouse 1703 had over $70,000 of renovations in 2018!

This Galt Ocean Mile condo for sale features: a new kitchen opened to the living room, white quartz counter tops with breakfast bar, blended gray cabinets with pull out drawers and new appliances and opened ceiling with LED hi hats.

The unit has new base boards, a new A/C and new electric panel, new water heater and white 20 inch ceramic floors through-out the entire condo,.  There are new window treatments too!

View Royal Ambassador 3700 Galt Ocean Drive condo pending sale - Unit 1114
View Royal Ambassador 3700 Galt Ocean Drive condo pending sale – Unit 1114

Royal Ambassador
Pending Sales

There are currently 2 x Royal Ambassador Galt Ocean Mile condos pending sale both of these are 1 bedroom units.

In our last post there were also 2 condos pending sale – Unit 1401 a 2 bedroom unit and Unit 1704 a 1 bedroom unit!

Our market analysis report for the 2 Royal Ambassador units pending sale is presented below:

CONDO BEDS / BATHS LA LP$
Unit 1003 1 / 1 800 $230,000
Unit 1114 1 / 1 800 $229,000
Median 1 / 1 800 $229,500

We can see from this report that:

Royal Ambassador unit 1003 a 1 bedroom condo listed for sale for $230,000 is now pending salethis 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $288.00 

Royal Ambassador unit 1114 a 1 bedroom condo listed for sale for $229,500 is now pending salethis 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $286.00 

View Royal Ambassador condo Galt Ocean Mile recently sold - Unit 910
View from one of the Royal Ambassador condos on Galt Ocean Mile recently sold – Unit 910

Royal Ambassador
Recent Sales – Last 6 Months

There have been 5 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months up from our 3 sales in our last post!

Our market analysis report for these 5 units sold is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 800 $219,000
Max 2 / 2 1130 $525,300
Avg 1 / 1 982 $353,860
Median 1 / 1 1000 $295,000

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 $353,860 – this being for a 1 bedroom 1 bathroom unit of 982 square feet!

We can also see that the median sales price for a unit sold here in Royal Ambassador over the last 6 months has been $295,000 – this being for a 1 bedroom 1 bathroom unit of 1000 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 $252.00
Max $420.00
Avg $330.00
Median $319.00

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 $319.00 per sq ft

It is 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 99%
Avg 94%
Median 94%

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 94% – well down from 95% in our last post!

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $400,000 – then based on median sales data the condo could  be expected to sell for 94% of that amount or $376,000 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 26
Max 89
Avg 65
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 – the same as in our last post!

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 1401 2 / 2 1130 $525,300
Unit 910 2 / 2 1130 $475,000
Unit 1704 1 / 1 950 $295,000
Unit 1204 1 / 1 800 $255,000
Unit 1414 1 / 1 870 $219,000

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 1401 a 2 bedroom 2 bathroom condo which sold for $525,300!

Condo unit 1401 sold for 99% of its list price and the unit had just 26 days 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 have seen good sales activity here in Royal Ambassador over the last 6 months with 5 units sold and 2 units currently pending sale!

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

This statistical report on comparable Royal Ambassador properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.

This report is based on information which is the © 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.