Buyers, Here’s Your Guide to Make Your Homeownership Dream Alive in 2025 [PART 1] — Urban Resource
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Brickell Key’s crown jewel development is offering a glimpse into their crown jewel residence. The Residences at Mandarin Oriental, Miami has released two renderings and a few details on their jaw-dropping upper penthouse that is now offered for a reported $100 million.
The centi-million price tag of the Mandarin’s penthouse is not simply a reflection of the current state of Miami’s luxury real estate market. The Residences at Mandarin Oriental, Miami is the culmination of over four decades of development on the tiny residential island. It will rise on the last available waterfront lot and offer the highest level of opulence, design and service. For this development finale, Swire is spending over $1 billion to redevelop the Mandarin Oriental Hotel and to bring the new 66-story tower to life.
The penthouse is actually a combination of two upper penthouses, which can be sold combined or separated. This is a strategy that has proved to be successful in recent ultra-luxury sales such as The Shore Club Private Residences‘ recent $120 million penthouse sale on Miami Beach and Six Fisher’s $150 million penthouse combination on Fisher Island.
Back at The Residences at Mandarin Oriental, Miami on Brickell Key, Swire has revealed that the residential tower is topped with the upper residence(s) spanning 23,000 interior square feet over two floors and has a rooftop infinity pool.
Further details are very tight-lipped, again staying with the “privacy is the new luxury” theme. Ultra-luxe buyers no longer wish to display their wealth where the entire world can see. Rather, they prefer quiet luxury and the ultimate of privacy. This theme of privacy begins with details of what is offered. Many ultra-chic projects no longer release details as buyers do not want what has been overly-seen or publicized.
Prices of the tower residences currently begin at $4.9 million. Groundbreaking is anticipated early in 2025 with the delivery of residences expected in 2029.
The Residences at Mandarin Oriental, Miami preview lounge is available by appointment only.
If you are interested in an invitation for a private presentation of The Residences at Mandarin Oriental Miami in the preview lounge, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
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