Developer Rafael Reyes, owner of Rockwell Island Development Group, is building an oasis on the Bahamian island of Bimini just 48 nautical miles off the Florida coast to serve the increasing number of moneyed professionals that call Miami home. The South Florida hub now ranks 33rd worldwide in its number of millionaire residents.
A high-speed ferry matches this time, while standard ferries take about 90 minutes. A helicopter ride with a local charter like HeliFlite shortens the trip to 25 minutes. Currently, Bimini lacks 5-star amenities, but Reyes is rapidly changing that. His ambitious plans include a series of dining and beach clubs, such as an outpost of Bonito from St. Barts and Aspen’s Betula.
54 waterfront mansions have a starting price of $3.5 million — each featuring a pool, a 90-foot dock and custom garages for Moke Jeeps. The residences will be built in phases with the first few delivered in early 2025 A beach club by Sir Richard Branson to cater to Virgin cruise guests has joined the lineup.
In 2026, a Banyan Tree resort featuring the country’s first overwater villas, spread across four man-made islands facing a vast lagoon. This will be part of the new master-planned community, Rockwell Island, with an overall cost of approximately $245 million, in addition to $80 million in public-private funding for airport expansion to attract direct flights from major US airlines.

Banyan Tree Bimini
More from CONCIERGE
Andaz One Bangkok is now officially open!
Hyatt Hotels Corporation (NYSE: H) today announced the opening of Andaz One Bangkok this December 19th, 2025 – a distinctive …
The Cape Town EDITION opens 2026
Marriott International, Inc. and V&A Waterfront Holdings today announced a signed agreement to open The Cape Town EDITION within the …
The Shepherd Mayfair Hotel opens 2026
The Shepherd Mayfair, a new boutique hotel in the heart of Shepherd Market, is set to open in 2026. Located …
