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Raffles launches luxury residences in Miami's billionaire enclave

By PulseAugur Editorial · [1 sources] ·

Luxury hotel brand Raffles is entering the residential real estate market with its first standalone building in Miami's Coconut Grove neighborhood. The development will feature 35 waterfront homes starting at $4.5 million, targeting the influx of wealthy individuals relocating to Florida. Notable figures like Ken Griffin and Larry Page have already invested heavily in the area, drawn by Florida's favorable tax environment and Coconut Grove's exclusive atmosphere. AI

RANK_REASON This is a real estate development by a hotel brand, not a core AI release or significant industry move.

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Raffles launches luxury residences in Miami's billionaire enclave

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This is a real estate development by a hotel brand, not a core AI release or significant industry move.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Sydney Lake ·

    Coconut Grove is Miami’s billionaire enclave, drawing Larry Page and Ken Griffin. Now luxury hotelier Raffles is building 35 homes there from $4.5M

    In an exclusive announcement to Fortune, Raffles unveiled its first standalone residential building—35 waterfront homes in Miami’s most sought-after neighborhood for the ultrawealthy.

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