Swire Properties Sells Condo At 500 Brickell Key Drive For $12.85M With Seller's Rep Fortune International Group
The Residences At Mandarin Oriental, Miami 500 Brickell Key Drive, Unit 4902
$12,850,000
$2,765/SF
Building Size
4,646 SF
Asset Type
Condo
Closing
Aug 5, 2026
AI
The property asset involved in the transaction is a condo located at 500 Brickell Key Drive Unit 4902 within The Residences at Mandarin Oriental, situated in the Brickell Key market of Miami. The sale price for the condo is set at $12,850,000, with a total square footage of 4,646, resulting in a price per square foot of $2,765.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,850,000
- Address: 500 Brickell Key Drive Unit 4902
- Market: Brickell Key, Miami
- Square Footage: 4,646
- Price Per Square Foot: $2,765
- Seller: Swire Properties
- Buyer's Representative: Michael Light & Jaimee Light - Douglas Elliman
- Seller's Representative: Adrian Gonzalez & Rafael Gonzalez - Fortune International Group
- Date: 08/05/2026
The key individuals involved in the deal include the seller Swire Properties, while the buyer is represented by Michael Light and Jaimee Light from Douglas Elliman. The representation for the seller is handled by Adrian Gonzalez and Rafael Gonzalez from Fortune International Group. Each party played a significant role in facilitating the transaction.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93