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

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos
2021 Pricing Guide

Welcome to our May 2021 / June 2021 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 is just 1 x Royal Ambassador Galt Ocean Mile condos for sale – a 3 bedroom unit.

There have been 7 sales of condos here over the last 6 months –  (a mix of 1 & 2 bedroom units) 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
  • Priced at $520,000
    – 3 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Prices last 6 Months $285,000
    – 1 Bedroom 1 Bathroom Units
  • Sales Price to Sq Ft Price $356.00
  • Sales to List Price 94%
  • Days on Market 75 Days
View Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Ft Lauderdale

Royal Ambassador
Condos for Sale

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

This is well down from the 4 x Royal Ambassador condos for sale in our last post for February 2021 / March 2021  

Here is our market report for this 1 x Royal Ambassador condos for sale Fort Lauderdale:

BEDS / BATHS LA LP$
Median 3 / 2 1,490 $520,000

We can see from this report that the median list price for a Royal Ambassador condo currently for sale for $520,000 – this being for a 3 bedroom 2 bathroom condo of 1490 square feet

In our last post median for a Royal Ambassador condo currently for for sale was $529,950 – this being for a 2 bedroom 2 bathroom condo of 1190 square feet

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

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

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
3 / 2 1,490 $520,000 $349.00

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

Currently there are no 1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale – In our last post the median for 1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was $219,000 – this being for 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $274.00

Currently there are no 2 Bedroom Royal Ambassador Galt Ocean Mile condos for sale – In our last post the median for 2 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was $603,950 – this being for 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $505.00

3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale is $520,000 – this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $349.00 – In our last post the median for 3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was higher at $545,950 – this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $366.00


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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Royal Ambassador
New Condo Listings

There has been no new listing of a Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days – In our last post there was 1 new listing – this being Unit 1710 a 2 bedroom 2 bathroom condo!

Royal Ambassador
Pending Sales

There are currently just 1 x Royal Ambassador Galt Ocean Mile condos under contract and pending sale  – this is down from 2 units pending sale as in our last post – these being Units 1114 and  1214 – both 1 bedroom 1 bathroom condos.

Our market analysis report for the unit pending sale is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 800 $399,900 $500.00

We can see from this report that a 1 bedroom Royal Ambassador condo listed for sale for $399,900 is now pending sale – this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $500.00

Royal Ambassador
Recent Sales – Last 6 Months

There have been 7 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months – This is well up from the 4 sales over the last 6 months as per our last post! 

Our market analysis report for these 7 recent Royal Ambassador sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 800 $215,000
Max 2 / 2 1,250 $650,000
Avg 1 / 1 921 $345,000
Median 1 / 1 800 $285,000

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 $285,000 – this being for a 1 bedroom 1 bathroom unit – a unit of of 800 square feet

In our last post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was slightly higher at $297,500 – this also being for a 1 bedroom 1 bathroom unit – a unit of of 800 square feet

View 2 bedroom Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale recently sold
2 bedroom Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive recently sold!

Royal Ambassador Condos
Median Sales Prices

Here is our market summary report showing median sales prices by bedroom for all the Royal Ambassador condos sold over the last 6 months.

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

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 800 $240,000 $300.00
2 / 2 1,190 $565,000 $472.00

1 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months was $240,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a sales price to square foot price of $300.00

2 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months was $565,000this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a sales price to square foot price of $472.00

There have been no 3 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 monthsthis being on MLS records.

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 $269.00
Max $520.00
Avg $361.00
Median $356.00

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 $356.00 per sq ft – this is down sfrom $372.00 as in our last post!

It is also important to note is the highest price paid at $520.00 – well up from $400.00 as in our last post!

% 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 89%
Max 98%
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 92% – up from 92% as in our last post and 91% as in our prior 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 94% of that amount or $376,000 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 36
Max 298
Avg 121
Median 75

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 75 days – up from 46 days as 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 Condos
Sales Prices by Unit

Here is our summary for each of the units sold over the last 6 months here in Royal Ambassador – by Unit.

BEDS / BATHS LA SP$
Unit 706 2 / 2 1,250 $650,000
Unit 1710 2 / 2 1,130 $480,000
Unit 703 1 / 1 800 $310,000
Unit 704 1 / 1 800 $285,000
Unit 1114 1 / 1 800 $240,000
Unit 1214 1 / 1 870 $235,000
Unit 414 1 / 1 800 $215,000

We can see from this report the details for each of the 7 units sold over the last 6 months.

We can also see that the most expensive sale was for Unit 706 a 2 bedroom 2 bathroom Royal Ambassador condo which sold for $650,000 – this 2 bedroom 2 bathroom 1250 square foot unit has a sales price to square foot price of $520.00

Unit 706 sold for 94% of its list price and had 70 days on the market!

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 units for sale with just 1 x Royal Ambassador condo for sale.

Sales activity here in Royal Ambassador over the last 6 months has been solid with 7 units sold!

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 © 2021 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.