View Royal Ambassador Galt Ocean Mile condo 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos for Sale

Welcome to my July 2019 / August 2019 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.

Search Royal Ambassador Condos

 

There are currently just 3 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.

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 $259,988 – $485,000

Median Prices

  • Sales Price last 6 Months $430,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $330.00
  • Median Sales to List Price 96%
  • Days on Market 151 Days
View Royal Ambassador condominium 3700 Galt Ocean Drive Fort Lauderdale
View Royal Ambassador condominium 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador
Condos for Sale

There are currently just 3 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is well down from the 6 x Royal Ambassador condos for sale as in our last post for February 2019 / March 2019

Here is the market report is for these 3 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $259,988
Max 2 / 2 1,130 $485,000
Avg 1 / 1 910 $347,663
Median 1 / 1 800 $298,000

We can see from this report that the average price for a unit for sale in Royal Ambassador is currently $347,663 – this being for a 1 bedroom 1 bathroom unit of 910 square feet!

We can also see from this report that the median price for a unit for sale in Royal Ambassador is currently $298,000 – this also being for a 1 bedroom 1 bathroom unit – a unit of 800 square feet!

View Royal Ambassador Galt Ocean Mile condominium 3700 Galt Ocean Drive Fort Lauderdale
View Royal Ambassador Galt Ocean Mile condominium 3700 Galt Ocean Drive

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 / 1 800 $278,994 $349.00
2 / 2 1,130 $485,000 $429.00

We can see that the median price for:

  • 1 Bedroom Royal Ambassador condos for sale is $278,994 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $349.00 – In our last post the median price for 1 Bedroom Royal Ambassador condos for sale was lower at $306,894 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $361.00
  • 2 Bedroom Royal Ambassador condos for sale is $485,000 – this being for a 2 bedroom 2 bathroom unit of 1,130 square feet with a list price to square foot price of $429.00 There were no 2 bedroom units for sale in our last post – however in our prior post the median price was higher at $500,000 – this being for a 2 bedroom 2 bathroom unit of 1,130 square feet with a list price to square foot price of $442.00
  • There are currently no 3 Bedroom Royal Ambassador condos for sale – However in our last post the median price for a 3 bedroom condo was $524,400 – this being for a 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $352.00

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 Royal Ambassador Galt Ocean Mile condo just listed for sale 3700 Galt Ocean Drive Fort Lauderdale
View Royal Ambassador Galt Ocean Mile condo just listed for sale 3700 Galt Ocean Drive

Royal Ambassador
New Condo Listings

There has been 1 new listings of Royal Ambassador Galt Ocean Mile condos for sale over the last 30 days – In our last post there were no new listings.

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 703 1 / 1 800 $298,000

We can see from this report that a 1 bedroom Royal Ambassador condo – Unit 703 has just been listed for sale for $298,000.  This 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $373.00

This Galt Ocean Mile condo for sale has an open kitchen with recessed lighting, granite counters and tile flooring throughout.

Unit 703 has impact windows and door.

View 1 bedroom Royal Ambassador Galt Ocean Mile condo recently sold 3700 Galt Ocean Drive Fort Lauderdale - Unit 1703
View Royal Ambassador Galt Ocean Mile condo recently sold 3700 Galt Ocean Drive #1703

Royal Ambassador
Pending Sales

There are currently no Royal Ambassador Galt Ocean Mile condos pending sale – this is the same as in our last post!

Royal Ambassador
Recent Sales – Last 6 Months

There have been 5 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months this is up from 4 sales over the preceding 6 months as in our last post!

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

BEDS / BATHS LA SP$
Min 1 / 1 800 $218,000
Max 3 / 2 1,490 $532,000
Avg 2 / 2 1,142 $389,000
Median 2 / 2 1,130 $430,000

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 $389,000 – this being for a 2 bedroom 2 bathroom unit of 1142 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 $430,000 – this also being for a 2 bedroom 2 bathroom unit  – a unit of 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 $273.00
Max $381.00
Avg $328.00
Median $330.00

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 $330.00 per sq ft

It is important to note that this is well up from $266.00 as in our last post!

It is also important to note is the highest price paid at $381.00!

% 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 90%
Max 97%
Avg 95%
Median 96%

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 96%

It is important to note that this is well up from 93% as 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 96% of that amount or $384,000 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 125
Max 214
Avg 160
Median 151

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 151 days or just over 5 months

It is important to note that this well up from 86 days in our last post and 64 days as in our prior 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

BEDS / BATHS LA SP$
Unit 1515 3 / 2 1,490 $532,000
Unit 915 3 / 2 1,490 $450,000
Unit 710 2 / 2 1,130 $430,000
Unit 1703 1 / 1 800 $315,000
Unit 1114 1 / 1 800 $218,000

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 1515 a 3 bedroom condo which sold for $532,000!

Unit 1515 was a 3 bedroom 2 bathroom 1490 square foot Galt Ocean Mile condo and this unit sold for $357.00 per square foot.

Unit 1515 sold for 97% of its list price and had 214 days on market – or just over 7 months!

This condo was a remodeled NW corner unit and featured Marble tile flooring, Cherry cabinets, Granite counters and Subzero appliances and wine cooler in kitchen.

The unit has a Queen-size Murphy bed in the 3rd bedroom and a Washer / Dryer in the closet.

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 really low inventory of Royal Ambassador condos for sale with just 3 units for sale!

We have seen continued good sales activity here in Royal Ambassador over the last 6 months with 5 units sold – even with low inventory!

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 © 2019 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.