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The Residences At Mandarin ...

Swire Properties Sells Condo At 500 Brickell Key Drive For $12.85M With Seller's Rep Fortune International Group
UNDER CONTRACTCondo

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:

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

Jaimee Light

Douglas Elliman

Broker

$59.9M

vol

6 deals

Broker
Swire Properties
Swire PropertiesSeller

Miami Condo Market Snapshot

Boundary boundary · Condo · Undercontract transactions

Loading comparables…

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