View L'Ambiance 4240 Galt Ocean Drive Fort Lauderdale condo for sale

L’Ambiance Condos

L’Ambiance
Galt Ocean Mile Condos

Welcome to my October 2018 / November 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 are just 2 x Luxury Galt Ocean Mile direct oceanfront condos for sale here in L’Ambiance – 1 of which is a new listing!

There have been 6 sales of a luxury oceanfront condo in this complex over the last 6 months

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 – $1,100,000

Median Sales Prices

  • Sales Price last 6 Months $670,000
    – 3 Bedroom 2 Bathroom luxury unit
  • Sales Price to Square Foot Price $370.00
  • Sales to List Price 94%
  • Days on Market 192 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 2 x luxury L’Ambiance Galt Ocean Drive condo for sale here on Galt Ocean Mile – up from our last post!

In our last post on L’Ambiance condos for sale for August / September 2018 there was just 1 unit for sale!

Our market analysis report for these 2 x luxury Galt Ocean Mile condo for sale is presented below.

BEDS / BATHS LA LP$
Min 3 / 2 1836 $699,000
Max 3 / 2 2318 $1,100,000
Avg 3 / 2 2077 $899,500
Median 3 / 2 2077 $899,500

We can see from this report that prices for Luxury L’Ambiance condos for sale range from $699,000 to $1,100,000.

We can also see that the median price for a L’Ambiance condo for sale is $899,500 – this being for a 3 bedroom 2 bathroom 2077 square foot unit has a list price to square foot price of $428.00

The stacks or lines in L’Ambiance really influence prices! 

The lowest priced unit currently for sale is Unit 1506 a Cannes Model in the 06 Line. 

While the most expensive unit currently for sale is Unit 1506 a Bristol Model in the 05 Line – which faces the ocean.

We review these lines in more detail below.


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  / stack.

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 just listed for sale - Unit 905
View L’Ambiance 4240 Galt Ocean Drive Fort Lauderdale condo just listed for sale – Unit 905

L’Ambiance Condos
New Listings

There has been 1 new listings of luxury condos here in L’Ambiance over the last 30 days – There had been no new listings as in our last 2 posts!

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

CONDO BEDS / BATHS LA LP$
Unit 905 3 / 2 2318 $1,100,000

We can see from this report that Unit 905 a 3 bedroom luxury L’Ambiance has just been listed for sale for $1,100,000this 3 bedroom 2 bathroom 2318 square foot unit has a list price to square foot price of $475.00

This Galt Ocean Mile condo offers direct ocean views.

This unit is a “RARE” L’Ambiance South East corner unit with a large floor plan plus a large glass balcony overlooking the ocean.

The unit offers spectacular ocean views from Master Bedroom, Kitchen and Living Room.   Other features include: 9′ ceilings and floor to ceiling impact windows.

L’Ambiance Condos
Pending Sales

There is currently no luxury L’Ambiance Galt Ocean Mile condos pending sale here in L’Ambiance

In our last post there were 2 units pending sale L’Ambiance unit 2101 a 3 bedroom condo and Unit 1006 also a 3 bedroom unit!

View Galt Ocean Mile condo recently sold L'Ambiance 4240 Galt Ocean Drive Unit 901
View Galt Ocean Mile condo recently sold L’Ambiance 4240 Galt Ocean Drive Unit 901

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 – the same number of sales as in our last post!

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

BEDS / BATHS LA SP$
Min 3 / 2 1836 $635,000
Max 3 / 2 2318 $975,000
Avg 3 / 2 2028 $758,750
Median 3 / 2 1836 $670,000

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 $758,750 – 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 $670,000 – this being for a 3 bedroom 2 bathroom unit 

In our last post the median price for a luxury condo sold in L’Ambiance over the preceding 6 months was higher at $803,750 – this being for a 3 bedroom 2 bathroom unit 

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 $346.00
Max $421.00
Avg $377.00
Median $370.00

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 $370.00 per square foot  – down from $399.00 in our last 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 91%
Max 98%
Avg 94%
Median 94%

We can see from this report that the median sales price to list price has been 94% – down from 96% as in our last post! 

This means if a Fort Lauderdale condo for sale here in L’Ambiance is listed at $1,000,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $940,000.

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 479
Avg 222
Median 192

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in L’Ambiance is 222 days

We can also see that the median days on market at 192 days or just over 8 months – down from 246 days in our last post which in turn was down from 321 days in our prior 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 2101 3 / 2 1836 $675,000
Unit 901 3 / 2 1836 $665,000
Unit 1406 3 / 2 1836 $652,500
Unit 1006 3 / 2 1836 $635,000

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.

Currently we have 2 units for sale –  both with nice features!

I am also pleased to report strong in L’Ambiance over the last 6 months with 6 units sold!

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