Development News · October 29, 2026
Raffles Residences Coconut Grove: 35 Waterfront Homes Announced
Raffles, Mast Capital and BH Group have announced 35 private waterfront residences at 2545 South Bayshore Drive in Coconut Grove. Published pricing starts at $4.5 million, with sales anticipated to launch this fall.
Official rendering: DBOX / Raffles Residences Coconut Grove
By Condo Invest Miami Research · Editorial & market research · 4 min read
Raffles Hotels & Resorts, Mast Capital and BH Group have announced Raffles Residences Coconut Grove, a 35-home waterfront residential project planned for 2545 South Bayshore Drive. The published starting price is $4.5 million, and the official announcement says sales are anticipated to launch in fall 2026. This is an early project announcement, so the information below separates confirmed details from specifications that have not yet been released.
What has been announced
Raffles describes Coconut Grove as its first standalone residential development. That is different from a hotel-and-residences project: the published concept is centered on private residential ownership at a single Coconut Grove address.
The project is being developed by Mast Capital and BH Group. Raffles is the hospitality brand, part of Accor. The official release identifies Brandon Haw Architecture as the architect and says the waterfront site is positioned between Biscayne Bay and Coconut Grove's tree canopy.
| Detail | Published information as of October 29, 2026 |
|---|---|
| Project | Raffles Residences Coconut Grove |
| Address | 2545 South Bayshore Drive, Coconut Grove, Miami |
| Residences | 35 private waterfront residences, including a limited number of penthouses |
| Bedrooms | Two to 4.5 bedrooms |
| Published starting price | From $4.5 million |
| Developers | Mast Capital and BH Group |
| Architect | Brandon Haw Architecture |
| Sales timing | Anticipated to launch in fall 2026 |
Why the project is notable
The distinction in the announcement is scale. Thirty-five residences is a small collection for a branded waterfront project, and the developer materials position the property as a residential-only address rather than a hotel program with condominium units attached. Raffles has operated branded residences in mixed-use settings before, including Raffles Boston. Coconut Grove is described as the brand's first standalone residential project.
The location is also specific. South Bayshore Drive follows the waterfront edge of Coconut Grove near marinas, parks and the neighborhood's village core. The address should not be treated as a promise of a particular view, orientation or access point until final plans and offering documents are available.
What has not been published yet
The October 29 announcement does not publish individual residence prices, square footage, floor plans, HOA assessments, a deposit schedule, a construction start date, an expected completion date, or a final list of amenities. It also does not replace the condominium offering documents that will govern any purchase.
For buyers comparing a new announcement with other Coconut Grove options, those missing details matter. A starting price is not a price list, and an anticipated sales launch is not a delivery commitment. Future materials may add or revise specifications, services, pricing and timing.
Questions to ask when sales materials are released
When official sales materials are available, the useful comparison points will be the actual residence mix, the contract deposit schedule, projected operating costs, association documents, construction milestones, parking and storage allocations, service program terms, and restrictions on use or leasing. Those items should be reviewed in the project documents for the specific residence being considered.
For local context, see our Coconut Grove neighborhood page, current Coconut Grove condo listings, and the broader Branded Residences Miami guide.
Sources
Reporting note: This article is an original summary of the October 29, 2026 announcement. Project specifications and sales terms can change. Verify availability and contractual details in the current offering documents before making a purchase decision.
Frequently Asked Questions
What is Raffles Residences Coconut Grove?
Raffles Residences Coconut Grove is a planned collection of 35 private waterfront residences at 2545 South Bayshore Drive in Coconut Grove. Raffles, Mast Capital and BH Group announced the project on October 29, 2026.
Where is Raffles Residences Coconut Grove located?
The official announcement lists the address as 2545 South Bayshore Drive in Coconut Grove, Miami.
How much will Raffles Residences Coconut Grove cost?
The official announcement states that residences are anticipated to start at $4.5 million. Individual residence prices and price lists have not been published.
How many residences are planned?
The published plan describes 35 private waterfront residences, including a limited number of penthouses.
When will sales launch for Raffles Residences Coconut Grove?
The official October 29 announcement says sales are anticipated to launch in fall 2026. It does not publish a construction completion date or a guaranteed delivery date.