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

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our March 2020 / April 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.

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There is currently just 1 x Royal Ambassador Galt Ocean Mile condos for sale – a 1 bedroom unit!

There have been 5 sales of condos here over the last 6 months and 2 units are 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
  • Unit Pricing at $339,000
    – 1 Bedroom 1 Bathroom Unit!

Median Sales Prices

  • Sales Price last 6 Months $440,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $343.00
  • Sales to List Price 94%
  • Days on Market 51 Days
View Royal Ambassador 3700 Galt Ocean Drive condominium 3700 Galt Ocean Drive Fort Lauderdale
View Royal Ambassador 3700 Galt Ocean Drive condominium 3700 Galt Ocean Drive

Royal Ambassador
Condos for Sale

There is currently just 1 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

This is down from the 2 condos for sale in our last post for January 2020 / February 2020  

Here is the market report for the 1 x Royal Ambassador condo for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $339,000

We can see from this report that a 1 bedroom Royal Ambassador condo is currently for sale for $339,000this 1 bedroom 1 bathroom condo is an 800 square foot unit.


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

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View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale just listed for sale - Unit 704
Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive just listed for sale #704

Royal Ambassador
New Condo Listings

There has been 1 new listing of Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days.

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

#BEDS #FB LA LP$
Unit 704 1 1 800 $339,000

We can see from this report that Unit 704 a Royal Ambassador 1 bedroom condo has just been  listed for sale for $339,000 (this is the only unit currently for sale) – this 800 square foot condo has a list price to square foot price of $424.00

Unit 704 offers beautiful ocean views.  This line has the closest balcony to the East and no neighbor(s) when looking East!

This Galt Ocean Mile condo for sale features: Ceramic tile floors throughout, hurricane impact windows and door, an all white kitchen and appliances and a large master with en-suite, walk-in and reach-in closets.

View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale pending sale - Unit 1709
Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive pending sale – #1709

Royal Ambassador
Pending Sales

There are currently 2 x Royal Ambassador Galt Ocean Mile condo pending sale  – this is up from 1 unit pending sale as in our last post!

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 410 2 / 2 1,130 $475,000
Unit 1709 0 / 1 600 $199,000

We can see from this report that:

Unit 410 a 2 Bedroom Royal Ambassador condo listed for sale for $475,000 is now pending salethis 2 bedroom 2 bathroom 1130 square foot unit has a list price to square foot price of $420.00

Unit 410 is excellent fully furnished South-East facing oceanfront unit with breathtaking views of the ocean and pool from the balcony. 

This Galt Ocean Mile condo features: kitchen features Granite counter tops and stainless appliances. master bathroom includes a Jacuzzi in the tub.

Unit 1709 a Royal Ambassador studio listed for sale for $199,000 is now pending salethis 600 square foot unit has a list price to square foot price of $420.00

Unit 1709 is a large Penthouse studio with incredible direct ocean views.

This Galt Ocean Mile condo is very spacious and features: a Murphy bed and a huge over-sized walk in closet – large enough to be used as a dressing room or office.   The unit has been freshly painted and has new carpet.

View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale recently sold - Unit 1205
Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive recently sold – #1205

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 $250,000
Max 3 / 2 1,580 $537,000
Avg 2 / 2 1,132 $406,600
Median 2 / 2 1,130 $440,000

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 $406,600 – this being for a 2 bedroom 2 bathroom unit of 1132 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 $440,000 – this being for a 2 bedroom 2 bathroom unit – a unit of of 1130 square feet

In our last post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was $357,000 – this also being for a 1 bedroom 1 bathroom unit – a unit of of 965 square feet

In our prior post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was $372,500 – this also being for a 1 bedroom 1 bathroom unit – a unit of of 965 square feet

It is also useful to look at median sales prices by bedroom – which we do below!

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

Royal Ambassador
Sales Prices by Bedroom

Here are the median sales prices for Royal Ambassador Galt Ocean Mile condos sold over the last 6 months by unit / by bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 800 $262,000 $328.00
2 / 2 1,240 $488,500 $394.00
3 / 2 1,580 $532,000 $337.00

We can see that the median sales prices for:

  • 1 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months has been $262,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a sales price to square foot price of $328.00 – In our last post the median for 1 Bedroom Royal Ambassador condos sold over the preceding 6 months was the same at $262,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a sales price to square foot price of $328.00
  • 2 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months has been $488,500 – this being for a 2 bedroom 2 bathroom unit of 1,240 square feet with a sales price to square foot price of $394.00 – In our last post the median for 2 Bedroom Royal Ambassador condos sold over the preceding 6 months was also the same at $488,500 – this being for a 2 bedroom 2 bathroom unit of 1,240 square feet with a sales price to square foot price of $394.00
  • 3 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months has been $532,000 – this being for a 3 bedroom 2 bathroom unit of 1,580 square feet with a sales price to square foot price of $337.00 In our last post there had been no 3 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months based on MLS records In our prior post however the median for 3 Bedroom Royal Ambassador condos sold over the preceding 6 months was lower at $450,000 – this being for a 3 bedroom 2 bathroom unit of 1,490 square feet with a sales price to square foot price of $302.00

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 $313.00
Max $398.00
Avg $356.00
Median $343.00

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 $343.00 per sq ft

It is important to note that this is down from $366.00 in our last post.

It is also important to note is the highest price paid at $398.00!

% 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 96%
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% this is the same as in our last post!

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $376,000 – 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 21
Max 304
Avg 111
Median 51

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 51 days or under 2 months!

It is important to note that this down from 99 days in our last post and 136 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.

Aerial view Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale

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 1205 2 / 2 1,350 $537,000
Unit 1011 3 / 2 1,580 $532,000
Unit 1001 2 / 2 1,130 $440,000
Unit 703 1 / 1 800 $274,000
Unit 1012 1 / 1 800 $250,000

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 1205 a 2 bedroom condo which sold for $537,000!

Unit 1205 was a 2 bedroom 2 bathroom 1350 square foot Galt Ocean Mile condo and this unit sold for $398.00 per square foot.

Unit 1205 sold for 91% of its list price and had just 30 days on market – or 1 month!

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 very low inventory of Royal Ambassador condos for sale with just 1 unit for sale!

Despite this low inventory we have seen good sales activity here in Royal Ambassador over the last 6 months with 5 units sold and 2 unit pending sale – impressive given we have been in a period of such 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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.