South Florida New Construction · Raffles Residences Coconut Grove
By Josh Stein · Florida license SL3057661 · Updated 31 October 2026
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Last updated October 31, 2026, 2:54 pm
Rendering: DBOX / Raffles Residences Coconut Grove
Rendering: DBOX / Raffles Residences Coconut Grove
Key Takeaways
- What: Raffles Residences Coconut Grove, 35 private residences at 2545 South Bayshore Drive, announced by Raffles Hotels & Resorts (Accor) on 29 October 2026. It’s the brand’s first standalone residential building, with no hotel and no overnight guests.
- Price: two- to four-bedroom residences from $4.5 million, per the developer’s website (read 31 October 2026), plus a limited number of penthouses.
- Who: developed by MC-BH Bayshore Park Owner, LLC (Mast Capital and BH Group). Architecture by Brandon Haw Architecture, interiors by Banda Studio, landscape by Enea Landscape Architects.
- The site: all 39 units of Bayshore Park Condo, built in 1964, are now owned by the developer’s company, deeded between 23 May 2025 and 23 Feb 2026 (Miami-Dade Property Appraiser, pulled 31 October 2026).
- Not yet published: floor count, square footage, delivery date and building permit. Construction is expected to start “sometime next year,” Mast Capital’s Camilo Miguel Jr. told Fortune on 29 October 2026.
Building facts
What is Raffles Residences Coconut Grove?
Raffles Residences Coconut Grove is a collection of 35 private homes planned for 2545 South Bayshore Drive in Coconut Grove, Miami. Raffles Hotels & Resorts, part of Accor, announced the project on 29 October 2026 with the South Florida developers Mast Capital and BH Group. Raffles describes it as the brand’s first standalone branded residences: the building is purely residential, with no hotel rooms and no overnight guests.
Have a question about Raffles Residences Coconut Grove? This page is built from the county record and the trade press, not a listing feed. If you want what has actually closed here, or an honest read on whether it suits you, ask me directly.
Call (305) 695-8257Email about Raffles Residences Coconut Grove
Raffles opened its first hotel in Singapore in 1887 and today operates in cities including Paris, London, Dubai and Boston, according to the Accor release of 29 October 2026. Raffles Boston, a hotel with residences above it, was the brand’s North American debut. In Coconut Grove there is no hotel downstairs: the Raffles name is attached to the homes and the service.
The homes and the price
The developer’s website (read 31 October 2026) lists two- to four-bedroom residences priced from $4.5 million. The Accor release adds “a limited number of penthouses,” and Fortune reported on 29 October 2026 that the penthouses will have private pools. Square footage, floor plans and the number of floors have not been published.
The design team named on the developer’s legal page is Brandon Haw Architecture, Banda Studio and Enea Landscape Architects. Brandon Haw spent 26 years at Foster + Partners, where he led its U.S. operations, before founding his own firm in 2014 (Accor release, 29 October 2026). The renderings show arched, double-height bays, deep glass-railed terraces and a planted rooftop.
Amenities and service
Fortune reported on 29 October 2026 that the building will have a restaurant, a spa, a fitness center and a rooftop pool deck with a bar. Raffles describes service built around the residents, with a “discreet arrival” and homeowners known personally (Accor release, 29 October 2026). Owners also get Accor’s ownership benefits, including Elite status in the ALL Accor loyalty program. The developer has not published HOA fees, parking or rental rules.
What the county record shows at 2545 South Bayshore Drive
The site today is Bayshore Park Condo, a 39-unit building completed in 1964, according to the Miami-Dade Property Appraiser (pulled 31 October 2026). All 39 units are now owned by MC BH Bayshore Park Owner LLC, deeded between 23 May 2025 and 23 February 2026. Thirty-two of those deeds carry a recorded price, totaling $20,330,333 and ranging from $340,333 to $830,700 per unit. The other seven, dated 20 to 23 February 2026, show no consideration on the county record. Fortune reported on 29 October 2026 that the developers negotiated the termination of the old condominium with its owners.
That is how a new building gets built on South Bayshore Drive, where Fortune notes that almost no vacant land remains: by buying every unit of an older condo. For the full picture of what Coconut Grove condos and homes have sold for on the record, see Coconut Grove condos and Coconut Grove homes.
Raffles and the other branded addresses in the Grove
For another hotel-branded address in the Grove, see Four Seasons Private Residences Coconut Grove. Other new construction in the neighborhood tracked on this site includes Arbor Residences, The Lincoln and Urbin Coconut Grove.
Read the full story: Raffles Coconut Grove: what the county record shows at 2545 South Bayshore.
Raffles Residences Coconut Grove: questions buyers ask
Where is Raffles Residences Coconut Grove?
At 2545 South Bayshore Drive, Coconut Grove, Miami, FL 33133, the site of the former Bayshore Park Condo (Miami-Dade Property Appraiser, 31 October 2026).
How much does Raffles Residences Coconut Grove cost?
Two- to four-bedroom residences start at $4.5 million, per the developer’s website on 31 October 2026. Prices are the developer’s and can change without notice.
How many residences will there be?
35, plus a limited number of penthouses within that collection, per the Accor release of 29 October 2026.
Is there a Raffles hotel in the building?
No. Raffles says it is the brand’s first standalone residential development, with no hotel and no overnight guests (Accor release, 29 October 2026).
Who is the developer and who designed it?
MC-BH Bayshore Park Owner, LLC, the Mast Capital and BH Group venture, is the developer of record. Brandon Haw Architecture designed the building, Banda Studio the interiors and Enea Landscape Architects the landscape (developer’s legal page, 31 October 2026).
When will it be completed?
No delivery date has been published. Mast Capital’s Camilo Miguel Jr. told Fortune on 29 October 2026 that construction should start “sometime next year.” No building permit for the new tower was found as of 31 October 2026.
How do I get information or priority access?
Josh Stein, a sales associate with LoKation Real Estate, can walk you through the developer’s materials and the county record for the Grove. Call or WhatsApp (305) 695-8257.
Sources
- Accor / Raffles Hotels & Resorts press release, “Raffles Hotels & Resorts Unveils Its First Standalone Branded Residences…”, 29 October 2026.
- Raffles Residences Coconut Grove, official developer website and legal page, read 31 October 2026.
- Miami-Dade County Property Appraiser, 2545 S Bayshore Dr (Bayshore Park Condo, 39 folios), pulled 31 October 2026.
- Fortune, “Coconut Grove is Miami’s billionaire enclave… Raffles is building 35 homes there from $4.5M,” 29 October 2026.
ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Renderings are artist’s conceptions supplied by the developer. Prices, plans, features and amenities are the developer’s and subject to change without notice. Raffles Residences Coconut Grove is developed by MC-BH Bayshore Park Owner, LLC, which uses the Raffles name under license; Accor is not the developer. Josh Stein is a sales associate with LoKation Real Estate and is not the developer or its agent. This is not an offer to sell where prohibited by law.
Thinking about Raffles Residences Coconut Grove?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Call (305) 695-8257Send me a question
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.com
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