A condenser microphone having a capsule with a cardioid pattern diaphragm on opposite sides of a back plate wherein each diaphragm is selectively activated via a switch to complete the audio circuit. The microphone employs two different diaphragm materials to produce two different sound reproduction characteristics. A first diaphragm produces a “warm and lush” sound output, while the second diaphragm produces a “bright and airy” sound output. The microphone includes the use of a pair of light emitting diodes located behind the grill indicating which capsule diaphragm is activated. The dual diaphragm arrangement is mounted on a standard microphone body and includes conventional electronics for connection to an associated piece of audio equipment producing phantom power.