Raffles' first purely residential address in the world
Raffles Residences Coconut Grove
35 bayfront residences · 2–4 bedrooms · from $4.5M
- 35 residences only
- 2–4.5 bedrooms + penthouses
- From $4.5M
- 2545 South Bayshore Drive, Biscayne Bay
- Mast Capital & BH Group with Raffles Hotels & Resorts (Accor)
- Sales launching now — priority list
The Project
A legendary name, now a private address
Since 1887, when the original Raffles opened its doors in Singapore, the name has stood for a singular kind of hospitality. In North America it has been present only in Boston — until now. Raffles brings its first standalone residential building in the world to Coconut Grove, Miami's oldest neighborhood.
There is no hotel and there are no overnight guests. These are purely private homes, conceived as generational residences: deep terraces, interiors in natural stone and wood, and sweeping views of Biscayne Bay and the Miami skyline — with Raffles-style personalized service.
Residences
Bayfront homes of rare scale
Pricing from $4.5M — request current availability.
2-Bedroom
Generous layouts with deep terraces framing Biscayne Bay.
Request the updated price list →3-Bedroom
Split floor plans for family living, with bay and skyline views.
Request the updated price list →4-Bedroom+
Expansive residences up to 4.5 bedrooms for generational living.
Request the updated price list →Penthouses
The crown of the building, with private pools and panoramic terraces.
Request the updated price list →
Amenities
Raffles service, at home
- Private residents' restaurant
- Spa & wellness
- Fitness center
- Rooftop pool deck & bar
- Penthouses with private pools
- Raffles butler-style service
Gallery
Renderings
Renderings: DBOX — artist's conception
Location
Coconut Grove, on Biscayne Bay
Set on South Bayshore Drive, the residences sit in Miami's most coveted and supply-constrained waterfront neighborhood. Walk to the marinas, Peacock Park and CocoWalk; minutes to Brickell, Key Biscayne, Coral Gables and Miami International Airport.
- Marinas & Peacock ParkWalk
- CocoWalkWalk
- Brickell~10 min
- Coral Gables~10 min
- Key Biscayne~15 min
- Miami Intl. Airport~15 min
Neighbors include Four Seasons Residences Coconut Grove and Mr. C Residences, and nearby record single-family sales by Ken Griffin and Larry Page have confirmed the Grove's standing among Miami's most valuable enclaves.
2545 S Bayshore Dr, Miami, FL 33133
Ignacio's Take
My honest view: pros & cons
I sell pre-construction in Miami every day. Here is how I see this project — the good and the not-so-good.
Pros
- A legendary brand on its first residential-only building. That kind of first creates scarcity value.
- Only 35 units: boutique privacy and an end-user, generational buyer profile.
- True bayfront on South Bayshore, in the most coveted and supply-constrained neighborhood in Miami.
- No hotel guests in the building — your neighbors are owners, not tourists.
Cons
- High entry point: $4.5M and up.
- Very early stage — architect, full specifications, deposit schedule and delivery date have not been released yet.
- Rental policy still unknown. This is not designed for short-term rental investors.
- Grove waterfront supply is competing (Four Seasons, Mr. C).
“Get in early — in boutique projects the best lines go to the priority list.”
— Ignacio
Your Broker
Ignacio Fernandez de Cabo
Broker Associate · Affinity International Realty
#1 producer at his brokerage three consecutive years (2023–2025) and a specialist in Miami luxury pre-construction.
A former interest-rate derivatives trader in London with an MBA from the University of Miami, Ignacio is originally from Madrid and works fluently in English and Spanish. He lives in Coconut Grove.
FAQ
Frequently asked questions
What is Raffles Residences Coconut Grove?
It is Raffles' first purely residential building in the world: 35 luxury bayfront condominiums in Coconut Grove, Miami, developed by Mast Capital and BH Group with Raffles Hotels & Resorts (Accor).
Where is it located?
At 2545 South Bayshore Drive, Miami, FL 33133, on Biscayne Bay in Coconut Grove — walking distance to the marinas, Peacock Park and CocoWalk.
How many residences are there?
Only 35 residences, from 2 to 4.5 bedrooms, plus penthouses with private pools.
What are the prices?
Pricing starts from approximately $4.5M. Contact Ignacio for current availability and the updated price list.
Who is the developer?
Mast Capital and BH Group, in partnership with Raffles Hotels & Resorts, part of Accor.
Is there a hotel in the building?
No. There is no hotel and no overnight guests — it is a purely residential building with Raffles-style service.
When is delivery?
The delivery date has not been announced yet (TBA). Ask Ignacio to receive updates as soon as they are released.
Can I rent it short-term?
The rental policy has not been released yet. The project is conceived for end-users rather than short-term rental investors.
How do I get the price list and floor plans?
Contact Ignacio through the form below or on WhatsApp at +1 305 316 7364 to join the priority list and receive the latest information.
Priority List
Request price list & floor plans
Join the priority list. I will personally send you the latest pricing, floor plans and availability.