Raffles Residences is planned as a boutique waterfront condominium at 2545 South Bayshore Drive in Coconut Grove, across from Monty’s and the Dinner Key marinas. The project is expected to bring 35 homes to the Bayshore corridor, with residences of roughly 2,100 to 4,200 square feet, starting prices of $4.5 million and a projected 2029 delivery.
Key takeaways
- Mast Capital and BH Group are developing the project with the Raffles Hotels & Resorts brand.
- The planned tower is designed for private ownership and will not include a hotel.
- Residences are expected to have two to four bedrooms, 12-foot ceilings and private terraces.
- Amenities will include a rooftop pool, spa, fitness facilities and Raffles-branded services.
A boutique project with a first for Raffles
The proposed tower marks Raffles’ first standalone residential development, according to project coverage. The brand, part of Accor, has previously paired residences with hotels, including in Boston. Coconut Grove’s project is instead being planned exclusively for private residential ownership.
Mast Capital and BH Group are leading the development. Brandon Haw Architecture is handling the architecture, Banda Studio the interiors and Enea Landscape Architecture the landscaping. The design is intended to frame views of Biscayne Bay, the neighborhood’s tree canopy and the Miami skyline.
Residences emphasize space and privacy
Plans call for two- to four-bedroom homes, many with dens, spanning approximately 2,148 to 4,216 square feet. The largest residences are in the 01 line, and the source says units may be combined for buyers seeking more space. Pricing is reported to start at $4.5 million; individual prices and availability may vary.
Each home is planned with a private elevator entry, a separate service entrance and a terrace. Interior details described in the project material include natural-stone flooring, kitchens with custom cabinetry and Sub-Zero and Wolf appliances, and en-suite bathrooms for each bedroom. Primary suites are to include dual dressing rooms, with soaking tubs in select homes.
Amenities and hotel-style services
The amenity program is expected to include a rooftop pool with cabanas, entertaining rooms, a spa with sauna and steam room, hot and cold plunges, treatment rooms and fitness facilities with private Pilates and movement studios. Other planned spaces include a screening room, speakeasy and children’s lounge with an outdoor garden.
Raffles services are also part of the offering. The project material describes butler service, a Director of Residences, lifestyle concierge, 24-hour reception and home-management options such as housekeeping and maintenance. Owners are also expected to receive Accor loyalty benefits, including preferred rates at participating hotels.
Bayshore location and market context
The site is on the north end of Bayshore Drive, within walking distance of Kennedy Park and Coconut Grove’s village area. Its position also offers access to Brickell, Miami International Airport, Coral Gables and Key Biscayne, although actual travel times depend on traffic.
The source’s market analysis describes the Grove as a supply-constrained condo market, with relatively few new units expected in coming years. It compares Raffles with Park Grove and the nearly sold-out Four Seasons Coconut Grove, and argues the project’s larger layouts could appeal to buyers who want a new, spacious home on Bayshore. Those comparisons and projections are brokerage assessments, not guarantees of future availability or value. Raffles is currently projected for delivery in 2029.