Royal Ambassador
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our July 2020 / August 2020 pricing guide for Ocean Royal Ambassador Galt Ocean Mile condos for sale 3700 Galt Ocean Drive Fort Lauderdale Florida.
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 3 x Royal Ambassador Galt Ocean Mile condos for sale – 1 is a new listing (a 3 bedroom unit)
There have been 3 sales of condos here over the last 6 months and 1 unit is 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
- Pricing from $339,000 – $550,00
Median Sales Prices
- Sales Price last 6 Months $460,000
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $337.00
- Sales to List Price 97%
- Days on Market 21 Days
Royal Ambassador
Condos for Sale
There is currently 3 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida
This is up from the 2 x Royal Ambassador condos for sale in our last post for May 2020 / June 2020
Here is the market report for the 3 x Royal Ambassador condos for sale Fort Lauderdale
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 800 | $339,000 |
| Max | 3 / 2 | 1,490 | $550,000 |
| Avg | 2 / 1 | 1,030 | $412,333 |
| Median | 1 / 1 | 800 | $348,000 |
We can see from this report that the median list price for a Royal Ambassador condo currently for sale for $348,000 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.
In our last post median for a Royal Ambassador condo currently for for sale was lower at $343,500 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.
With only 3 units for sale it is also useful to look at median listing prices by bedroom which we do below!
Royal Ambassador Condos
Median List Prices
Here is our market summary report showing median list prices by bedroom for the 3 Royal Ambassador condos currently for sale.
| BEDS/ BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 800 | $343,500 | $424.00 |
| 3 / 2 | 1,490 | $550,000 | $369.00 |
We can see from this report that the median list price for:
1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale is $343,500 – this being for 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $424.00
3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale is $550,000 – this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $369.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
kevinsellsmore@gmail.com
Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings
Royal Ambassador
New Condo Listings
There has been 1 new listing of a Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days – In our last post there had been no new listings!
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 611 | 3 / 2 | 1,490 | $550,000 |
We can see from this report that Unit 611 a 3 bedroom Royal Ambassador condo has just been listed for sale for $550,000 – this 3 bedroom 2 bathroom 1490 square foot unit has a list price to square foot price of $369.00
Unit 611 is a rarely available corner unit with private beach access and endless views of the Sunset and Ocean from your dining area.
This Galt Ocean Mile condo for sale features: Impact windows and doors throughout, a newer A/C and a newer hot water heater which was installed in 2018.
Royal Ambassador
Pending Sales
There is currently 1 x Royal Ambassador Galt Ocean Mile condo under contract and pending sale – this is up from no units pending sale as in our last post!
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1007 | 1 / 1 | 800 | $339,000 |
We can see from this report that Unit 1007 a 1 bedroom Royal Ambassador condo listed for sale for $339,000 is now pending sale – this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $424.00
Unit 1007 is an elegantly renovated condo with a balcony that faces South East and overlooks the pool deck, beach and ocean.
This Galt Ocean Mile condo features Porcelain tile flooring throughout, an open kitchen, Granite counters, GE profile appliances, a tankless hot water heater, enlarged master closet and impact windows / new impact door.
Royal Ambassador
Recent Sales – Last 6 Months
There have been just 3 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months – down from our last 2 posts!
There were 4 sales in our last post for May 2020 / June 2020 and 5 sales over the preceding 6 months as in our prior post for March 2020 / April 2020!
Our market analysis report for these 3 units sold is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 0 / 1 | 600 | $200,000 |
| Max | 3 / 2 | 1,580 | $532,000 |
| Avg | 2 / 2 | 1,103 | $397,333 |
| Median | 2 / 2 | 1,130 | $460,000 |
We can see from this report that the median sales price for a unit sold here in Royal Ambassador over the last 6 months has been $460,000 – this being for a 2 bedroom 2 bathroom unit – a unit of of 1130 square feet – up from our last 2 posts!
In our last post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was a little lower at $450,000 – this being for a 2 bedroom 2 bathroom unit – a unit of of 1130 square feet
In our prior post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was also little lower at $440,000 – this being for a 2 bedroom 2 bathroom unit – a unit of of 1130 square feet
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Royal Ambassador condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $333.00 |
| Max | $407.00 |
| Avg | $359.00 |
| Median | $337.00 |
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 $337.00 per sq ft
It is important to note that this is down from $363.00 in our last post.
It is also important to note is the highest price paid at $407.00!
% Sales to List Price
An important real estate indicator is how much buyers are paying for Royal Ambassador Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 94% |
| Max | 100% |
| Avg | 97% |
| Median | 97% |
We can see from this report that BOTH the average median sales price to list price for Royal Ambassador Galt Ocean Mile condos over the last 6 months has been 97%
It is important to note that this is up from 96% as in our last post and 94% as in our prior 2 posts!
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 97% of that amount or $388,000 based on MLS data.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Royal Ambassador is an important indicator of demand for units in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 19 |
| Max | 86 |
| Avg | 42 |
| Median | 21 |
We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is just 21 days or 3 weeks – this is well down from 52 days in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Royal Ambassador
Condo Sales Itemized
Here is the data for each of the Royal Ambassador Galt Ocean Mile condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 1011 | 3 / 2 | 1,580 | $532,000 |
| Unit 410 | 2 / 2 | 1,130 | $460,000 |
| Unit 1709 | 0 / 1 | 600 | $200,000 |
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 1011 a 3 bedroom condo which sold for $532,000!
Unit 1011 was a 3 bedroom 2 bathroom 1580 square foot Galt Ocean Mile condo and this unit sold for $337.00 per square foot.
Unit 1011 sold for 94% of its list price and had just 21 days on market – or 3 weeks!
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 low inventory of Royal Ambassador condos for sale with just 3 units for sale!
Despite this low inventory we have seen good sales activity here in Royal Ambassador over the last 6 months with 3 units sold over the last 6 months and 1 unit pending sale!
Buyer and sales activity has been slow due to the Corona Virus – but as Fort Lauderdale opens up, I am confident that the real estate market will soon be busy too!
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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.