Raffles Residences Coconut Grove: 35 Waterfront Homes From $4.5 Million
Raffles Hotels & Resorts (Accor), with Mast Capital and BH Group, announced Raffles Residences Coconut Grove on Oct. 29, 2026: 35 private waterfront residences at 2545 South Bayshore Drive from $4.5 million. Raffles lists Opening 2029. It is the brand’s first standalone residential development (as of Oct. 30, 2026).
Raffles Hotels & Resorts, part of Accor, together with Mast Capital and BH Group, announced Raffles Residences Coconut Grove on Oct. 29, 2026. The project is not yet on our new-developments board. For the neighborhood, see Coconut Grove. Nearby on our board: Four Seasons Private Residences Coconut Grove and THE WELL Coconut Grove.
What the Accor / Raffles release states
| Field | Detail | Source (as of) |
|---|---|---|
| Announcement | Oct. 29, 2026 | Accor/Raffles release (Oct. 29, 2026) |
| Address | 2545 South Bayshore Drive, Coconut Grove, Miami | Accor/Raffles release |
| Residences | 35 private waterfront residences; limited penthouses | Accor/Raffles release; project site (Oct. 30, 2026) |
| Layouts | Two- to four-bedroom residences; limited penthouses | Accor/Raffles release; project site (Oct. 30, 2026) |
| Pricing | From $4.5 million USD | Accor/Raffles release; project site (Oct. 30, 2026) |
| Milestone | First standalone Raffles residential development | Accor/Raffles release |
| Developers | Mast Capital and BH Group with Raffles (Accor) | Accor/Raffles release |
| Architecture | Brandon Haw Architecture | Accor/Raffles release |
| Sales timing | Anticipated to launch Fall 2026 | Accor/Raffles release |
| Opening | 2029 | Raffles residences / opening-soon pages (Oct. 30, 2026) |
The release describes a purely residential Raffles address on Biscayne Bay — distinct from Raffles Boston’s mixed-use hotel-and-residences model. Accor One Living is named as supporting the branded residential platform. Owners are described as receiving Accor Ownership Benefits, including Elite membership in ALL Accor, per the release.
Coconut Grove context on our board
- Four Seasons Private Residences Coconut Grove — 70 residences, from $5.62M (price as-of August 30, 2026), delivery 2028 (est.).
- THE WELL Coconut Grove — 194 residences on our card.
- Market hub: Coconut Grove.
FAQ
What is Raffles Residences Coconut Grove?
The first standalone Raffles residential development: 35 private waterfront residences at 2545 South Bayshore Drive in Coconut Grove, announced Oct. 29, 2026 by Raffles Hotels & Resorts (Accor) with Mast Capital and BH Group, per the Accor/Raffles release.
How many residences are planned, and what do they cost?
35 private residences, priced from $4.5 million USD, per the Accor/Raffles release of Oct. 29, 2026 and the project site rafflesresidencescoconutgrove.com (accessed Oct. 30, 2026).
When will it open?
Raffles’ residences page lists Raffles Residences Coconut Grove as Opening 2029 (accessed Oct. 30, 2026). The Accor/Raffles release says sales are anticipated to launch in Fall 2026.
Who is developing and designing it?
Developers Mast Capital and BH Group with Raffles Hotels & Resorts (Accor). Architecture is led by Brandon Haw Architecture, per the Accor/Raffles release (Oct. 29, 2026). The project site names development entity MC-BH Bayshore Park Owner, LLC.
Is there a hotel in the building?
The Accor/Raffles release describes a purely residential setting — the first standalone Raffles residential development, not a mixed-use hotel-and-residences tower like Raffles Boston.
How does it compare with other Coconut Grove new developments we cover?
Nearby on our board: Four Seasons Private Residences Coconut Grove (70 residences, from $5.62M) and THE WELL Coconut Grove (194 residences). Raffles is a smaller, off-card launch as of Oct. 30, 2026.
Where can I register interest?
The Accor/Raffles release points to rafflesresidencescoconutgrove.com for inquiries. Request current materials through the form linked on this page (as of Oct. 30, 2026).
Is Raffles Residences Coconut Grove on our new-developments board yet?
Not as of Oct. 30, 2026. This news page covers the Accor/Raffles launch; a building card may follow when the project is added to the hub.
Sources
- Accor / Raffles Hotels & Resorts release, “Raffles Hotels & Resorts Unveils Its First Standalone Branded Residences, Selecting Miami’s Coveted Coconut Grove Neighborhood,” Oct. 29, 2026 (via WebWire distribution of the Accor release): webwire.com
- Raffles Residences page: raffles.com/residences/ (Opening 2029; accessed Oct. 30, 2026)
- Raffles Opening Soon: raffles.com/opening-soon/ (accessed Oct. 30, 2026)
- Project site: rafflesresidencescoconutgrove.com (35 residences from $4.5M; accessed Oct. 30, 2026)