Miami Luxury Real Estate Reaches New Heights with $100 Million Penthouse Sales
Miami’s ultra-luxury real estate market continues to break records as The Residences at Mandarin Oriental, Miami secures two historic penthouse sales totaling nearly $100 million. Located on the exclusive island of Brickell Key, this landmark development is redefining waterfront living and setting new pricing benchmarks across mainland Miami.
Record-Breaking Penthouse Sales in Miami
Developed by Swire Properties, the project announced the sale of its two premier penthouses at $49.9 million each, reaching a combined total of $99.8 million.
These transactions mark a major milestone for Miami real estate:
- The highest condominium sales ever recorded on mainland Miami
- A new record of approximately $6,300 per square foot
- A defining moment for branded ultra-luxury residences
This achievement further cements Miami’s position as a global destination for high-net-worth buyers seeking exclusive waterfront properties.
A Landmark Development on Brickell Key
The Residences at Mandarin Oriental, Miami is a visionary two-tower project that will replace the existing Mandarin Oriental hotel on Brickell Key. Blending private ownership with five-star hospitality, the development offers a seamless lifestyle of privacy, design, and service.
Key highlights include:
- Architecture by Kohn Pedersen Fox
- Exclusive sales by Fortune Development Sales
- Anticipated groundbreaking in late 2026
- Total projected sales exceeding $1.3 billion
- Over $90 million in sales recorded in a single month
The development features:
- A 66-story South Tower with 228 luxury residences
- A 33-story North Tower with private residences, hotel residences, and guest rooms
- A 100,000-square-foot amenity podium connecting both towers
This project stands as one of the most prestigious pre-construction opportunities in Miami today.
Inside the $50 Million Penthouses
Perched atop the 66-story South Tower, each bi-level penthouse spans nearly 8,000 square feet of interior space, offering unmatched privacy and panoramic views of Biscayne Bay, the Atlantic Ocean, and the Miami skyline.
Each residence includes:
- 5 bedrooms, 7 bathrooms, and 3 powder rooms
- Expansive private rooftop terraces with a lap pool and bar
- Private elevator access
- Designer Molteni&C kitchens with Gaggenau appliances
- A separate chef’s kitchen and wine bar
- Spa-inspired amenities, including a sauna
- Dedicated staff quarters and private storage
These penthouses set a new benchmark for ultra-luxury living, combining architectural excellence with world-class hospitality.
World-Class Amenities and Lifestyle
Residents will enjoy access to more than 100,000 square feet of curated amenities designed to deliver a true resort-style experience.
Highlights include:
- 11 resort-style pools and private plunge pools
- State-of-the-art fitness and wellness centers
- A signature Mandarin Oriental spa
- Fine dining and waterfront restaurants
- Private business lounges and meeting spaces
- Indoor golf simulator and screening room
- Children’s club and recreational areas
Interiors and design are led by globally recognized talent:
- South Tower amenities by Tristan Auer
- North Tower interiors by Laura Gonzalez
- Landscape architecture by SHMA
Strong Demand Driving Miami’s Luxury Market
These record-setting sales highlight continued momentum in South Florida’s high-end real estate sector. According to the MIAMI Association of Realtors, 361 homes sold above $10 million in 2025, making it one of the strongest years on record.
The success of this development reflects:
- Growing demand for branded luxury residences
- Rising price-per-square-foot benchmarks
- Increased interest in Brickell Key waterfront living
- Strong confidence in pre-construction investments
Pricing and Investment Opportunity
Remaining residences at The Residences at Mandarin Oriental, Miami are currently priced from:
- $6.6 million in the South Tower
- $3.9 million in the North Tower
For investors and buyers, this represents a rare opportunity to secure property in one of Miami’s most prestigious developments before completion.
Work with Miami Luxury Real Estate Experts
At Brosda & Bentley Realtors, we provide exclusive access to:
- Pre-construction luxury developments in Miami
- Off-market opportunities in Brickell, Sunny Isles, and Miami Beach
- High-return real estate investments
- Personalized service for discerning buyers and sellers
📩 Contact us today to explore available residences at The Residences at Mandarin Oriental, Miami and other premier developments.
