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

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our September 2020 / October 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 5 x Royal Ambassador Galt Ocean Mile condos for sale – of which 1 is a new listing (a 1 bedroom unit)

There have been 7 sales of condos here over the last 12 months and 2 units are currently pending sale (both 1 bedroom units)

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 & 12 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 $229,000 – $550,000

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 95%
  • Days on Market 51 Days
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
Condos for Sale

There are currently 5 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida 

This is up from the 3 x Royal Ambassador condos for sale in our last post for July 2020 / August 2020  

Here is our market report for these 5 x Royal Ambassador condos for sale Fort Lauderdale:

BEDS / BATHS LA LP$
Min 1 / 1 800 $229,000
Max 3 / 2 1,490 $550,000
Avg 1 / 1 938 $346,180
Median 1 / 1 800 $329,000

We can see from this report that the median list price for a Royal Ambassador condo currently for sale for $329,000this being for a 1 bedroom 1 bathroom condo of 800 square feet down from our last 2 posts!

In our last post median for a Royal Ambassador condo currently for for sale was higher at $343,500 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.

In our prior post median for a Royal Ambassador condo currently for for sale was also higher at $343,500 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.

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 all the Royal Ambassador condos currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 800 $301,950 $344.00
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 $301,950 – this being for 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $344.00 – In our last post the median for 1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was higher at $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 $550,000this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $369.00 – In our last post the median for 3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was the same $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


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 Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 712
Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive just listed for sale Unit 712

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 was also 1 new listings – this being unit 611 a 3 bedroom 2 bathroom condo!

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 712 1 / 1 800 $274,900

We can see from this report that Unit 712 a 1 bedroom Royal Ambassador condo has just been listed for sale for $274,900this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $344.00

Unit 712 offers breathtaking views and is a turnkey condo on the beach!

This Galt Ocean Mile condo for sale is beautifully appointed and tastefully designed and features: a new kitchen, new floors and hurricane windows!

View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale pending sale Unit 1007
Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive pending sale Unit 1007

Royal Ambassador
Pending Sales

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

Our market analysis report for these 2 units is presented below:

BEDS / BATHS LA LP$
Unit 1007 1 / 1 800 $339,000
Unit 904 1 / 1 800 $329,000

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. 

Unit 904 a 1 bedroom Royal Ambassador condo listed for sale for $329,000 is now pending sale – this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $411.00

Unit 904 has a private balcony that offers unobstructed ocean views as these lines or stacks are the closest balconies to the beach!

This Galt Ocean Mile condo features: newer hurricane windows and balcony door, a 2018 hot water heater, an entry foyer that opens to a large living and dining room combination.  The unit has a fully applianced kitchen and a large ocean view master with En-Suite! 

View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale recently sold Unit 410
View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive recently sold Unit 410

Royal Ambassador
Recent Sales – Last 6 Months

There have been just 1 sale of Royal Ambassador Galt Ocean Mile condos over the last 6 months down from our last post!

There were 3 sales in our last post for July 2020 / August 2020!

Our market analysis report for this unit is presented below.

BEDS / BATHS LA SP$
Unit 410 2 / 2 1,130 $460,000

We can see from this report that Unit 410 a 2 bedrooom unit sold here in Royal Ambassador for $460,000 – this unit being a 2 bedroom 2 bathroom unit of 1130 square feet!

Unit 410:
– had a sales price to square foot price of $407.00
– sold for 97% of list price
– had 86 days on market

Royal Ambassador
Recent Sales – Last 12 Months

There have been 7 sales of Royal Ambassador Galt Ocean Mile condos over the last 12 months

Our market analysis report for these 7 units sold is presented below.

BEDS / BATHS LA SP$
Min 0 / 1 600 $200,000
Max 3 / 2 1,580 $537,000
Avg 2 / 2 1,056 $384,714
Median 2 / 2 1,130 $440,000

We can see from this report that the median sales price for a unit sold here in Royal Ambassador over the last 12 months has been $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 $313.00
Max $407.00
Avg $360.00
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 12 months has been $343.00 per sq ft

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 91%
Max 100%
Avg 95%
Median 95%

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 95%

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 95% of that amount or $380,000 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 304
Avg 94
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. 

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Royal Ambassador Condos
Median Sales Prices by Bedroom

Here is our market summary report showing median sales prices by bedroom for Royal Ambassador Condos over the last 12 Months:

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 600 $200,000 $333.00
1 / 1 800 $262,000 $328.00
2 / 2 1,130 $460,000 $398.00
3 / 2 1,580 $532,000 $337.00

We can see from this report that the median sales price for:

Royal Ambassador studio units sold over the last 12 months has been $200,000 – this being for a 1 bathroom unit of 600 square feet with a sales price to square foot price of $333.00

Royal Ambassador 1 bedroom condos sold over the last 12 months has been $262,000 – this bedroom for a 1 bedroom 1 bathroom 800 square foot unit with a sales price to square foot price of $328.00

Royal Ambassador 2 bedroom condos sold over the last 12 months has been $460,000 – this bedroom for a 2 bedroom 2 bathroom 1130 square foot unit with a sales price to square foot price of $398.00

Royal Ambassador 3 bedroom condos sold over the last 12 months has been $532,000 – this bedroom for a 3 bedroom 2 bathroom 1580 square foot unit with a sales price to square foot price of $337.00

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 5 x Royal Ambassador condos for sale with a great selection of 1 bedroom units for sale (4 x 1 bedroom units)

Sales activity here in Royal Ambassador over the last 6 months has been slow with just 1 unit sold!

This slow sales activity is in my mind is a reflection of the Corona Virus and the closing on buildings along Galt Ocean Mile to Realtors for several months!

However I am pleased to report that buyers activity is back on the rise and that 2 units are now 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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.