Mandarin Oriental Residences is an 80-story, 220-unit Swire Properties tower on the private island of Brickell Key, from $3.5M for 2029 delivery. Waldorf Astoria Residences Miami is a 1,049-foot, 100-story PMG tower of 9 stacked glass cubes in Downtown, the tallest residential building south of New York, from $1.2M through 2027. Per Knight Frank, branded residences carry a 20 to 30 percent resale premium.

Buyers ask me to compare Mandarin Oriental Residences and Waldorf Astoria Residences Miami because both carry top-tier hotel flags, but they are almost opposites in form and setting. Mandarin sits on Brickell Key, a private island Swire Properties has anchored since the existing Mandarin Oriental hotel opened there in 2000. Waldorf rises in Downtown as a record-height stack of glass cubes. One is island seclusion, the other is a skyline statement. Here is my analysis As of Q2 2026.

Side-by-Side Comparison

CategoryMandarin Oriental ResidencesWaldorf Astoria Residences Miami
NeighborhoodBrickell Key (private island)Downtown Miami bayfront
Address500 Brickell Key Dr300 Biscayne Blvd
DeveloperSwire PropertiesPMG & Greybrook
ArchitectKohn Pedersen Fox (KPF)Sieger Suarez & Carlos Ott
BrandMandarin OrientalWaldorf Astoria
Floors80 stories100 stories (1,049 ft)
Total Units220 residences360 residences + 205-key hotel
Unit Sizes1,591 to 5,695 sqft~750 to 4,000+ sqft
Price From$3,500,000$1,100,000
Construction StatusPre-constructionUnder construction (past 60th floor)
Estimated Delivery2029Q1 2027
Rental Policy30+ days30+ days

Price Analysis

The entry points are not close. Mandarin Oriental Residences starts at $3.5M, with Kohn Pedersen Fox architecture and an integrated Mandarin Oriental hotel on a private island. Waldorf Astoria Residences Miami opens lower, from $1.2M for a lower-floor one-bedroom, because the 100-story tower spreads 360 residences over far more height, and runs up to the $40M-plus Penthouse Collection. So a buyer who wants the brand experience at the lowest possible cost can get into Waldorf for roughly a third of Mandarin's floor. A buyer who wants island exclusivity and a smaller, 220-residence building pays the Mandarin premium for it.

Who Should Pick Which

Choose Mandarin Oriental Residences if: you want a private-island address on Brickell Key, a smaller 220-residence building, and a Swire Properties project tied to an on-site Mandarin Oriental hotel with five-star spa, dining, and in-residence housekeeping. You are comfortable with a $3.5M floor and a longer timeline, with delivery estimated around 2029, in exchange for seclusion and a Kohn Pedersen Fox tower on the water.

Choose Waldorf Astoria Residences Miami if: you want to be in the center of Downtown in the tallest residential building south of New York, you like the Sieger Suarez and Carlos Ott design of 9 stacked glass cubes, and you want the lowest entry into a major hotel-branded tower, from $1.2M. You also get a sooner timeline, with residences phasing through 2027 rather than 2029.

Rental Policy and Investment Profile

Both buildings sit on a 30-day minimum rental rule as of Q2 2026, so neither is set up for daily Airbnb, and both fit a long-term lease investor. The difference for an investor is the cost basis. Waldorf's $1.2M entry means a far lower amount of capital to deploy per residence, which matters if you are buying for yield rather than for the island lifestyle. Mandarin's higher floor concentrates more capital into a scarcer, 220-unit building on a private island, which is the bet on long-run scarcity rather than near-term rental math. Per Knight Frank, both benefit from the 20 to 30 percent branded-residence resale premium over non-branded comps.

My Recommendation

There is no universal winner here, because these two are not really competing for the same decision. One is a private island, the other is the tallest residence on the Downtown skyline. I help clients decide on the thing that actually separates them: do you want seclusion on Brickell Key, or do you want to be in the heart of Downtown at record height. If you have narrowed to these two, let me pull the live availability in each and compare exact floor, view orientation, and stack.

"When a buyer asks me Mandarin or Waldorf, I tell them it is island versus skyline. Mandarin is a smaller Swire tower on a private island. Waldorf is the tallest residential building south of New York. Pick the setting first, then we talk units."Gerardo Gonzalez, Licensed Real Estate Agent at Compass

"Both flags are world class, so the logo is not the decision. The decision is Brickell Key island living at a $3.5M floor versus a Downtown glass-cube supertall that opens from $1.2M. That gap in setting and entry price is what buyers should weigh."

Ready for unit-level numbers? Use the full comparison tool or reach out for specific floor availability and pricing. Both buildings are part of the active Miami $5M+ ultra-luxury condo cohort tracked in my 2026 deep-dive.

Frequently Asked Questions

Which has the lower entry price, Mandarin Oriental Residences or Waldorf Astoria Residences Miami?

Waldorf Astoria Residences Miami opens lower, from $1.2M for a lower-floor one-bedroom in the 100-story Downtown tower. Mandarin Oriental Residences starts at $3.5M for its Brickell Key building. Waldorf's range runs up to the $40M-plus Penthouse Collection.

Which delivers sooner?

Waldorf Astoria Residences Miami phases through 2027. Mandarin Oriental Residences is estimated around 2029, since it first requires demolition of the existing Mandarin Oriental hotel on Brickell Key. Waldorf delivers sooner.

Which building is taller?

Waldorf Astoria Residences Miami is far taller: 1,049 feet across 100 stories, the tallest residential building south of New York. Mandarin Oriental Residences rises 80 stories on the smaller footprint of Brickell Key.

Do either allow short-term rentals?

Both buildings require 30+ day minimum rentals. Neither is configured for daily Airbnb.

Who is developing each tower?

Mandarin Oriental Residences is by Swire Properties, the developer behind Brickell City Centre, with Kohn Pedersen Fox architecture. Waldorf Astoria Residences Miami is by PMG with partners, designed by Sieger Suarez and Carlos Ott as 9 stacked glass cubes.

Which is a better fit for me?

It depends on the setting you want. Mandarin gives you a private island on Brickell Key with an on-site Mandarin Oriental hotel and a smaller 220-residence building. Waldorf puts you in Downtown at record height for a lower entry. I run a unit-level comparison for clients weighing either.

Frequently Asked Questions

Which building delivers first?
Waldorf Astoria Residences Miami, with residences phasing through 2027. Mandarin Oriental Residences is estimated around 2029, in part because Swire Properties first has to permit and demolish the existing Mandarin Oriental hotel that has stood on Brickell Key since 2000 before the new tower goes vertical. I update both targets monthly from Miami-Dade County permit records and developer communications.
How do the buildings differ in setting?
It is island versus skyline. Mandarin Oriental Residences sits on Brickell Key, a private island, paired with an on-site Mandarin Oriental hotel offering spa, dining, and in-residence housekeeping. Waldorf Astoria Residences Miami is in the center of Downtown, a 1,049-foot tower of 9 stacked glass cubes by Sieger Suarez and Carlos Ott, the tallest residence south of New York. I walk both with every Compass client comparing them.
Which building has better appreciation potential?
Both carry top-tier hotel flags, and per Knight Frank, branded residences hold a 20 to 30 percent resale premium over non-branded comps. Mandarin's edge is scarcity, a smaller 220-residence building on a private island. Waldorf's edge is the record-height profile and a lower $1.2M entry that widens the buyer pool. View orientation and unit line matter more than the logo.
How many residences does each have?
Mandarin Oriental Residences delivers 220 residences across 80 stories, a deliberately smaller building. Waldorf Astoria Residences Miami delivers 360 residences across its 100 stories. If a smaller, more private building matters to you, Mandarin is the tighter community. If you want the lower entry price and more inventory to choose from, Waldorf has it.

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