Vilma Vilarino Knips And Jimmy Knips Sell North Miami Waterfront Mansion For $23.9 Million
11420 North Bayshore Drive
$23,900,000
$2,931/SF
Building Size
8,153 SF
Asset Type
Single Family
Closing
Jul 16, 2024
AI
The property at 11420 North Bayshore Drive in North Miami is a single-family asset with a total area of 8,153 square feet. It is situated on a 0.35-acre lot and is currently under contract for $23,900,000. The residence features six bedrooms, an infinity pool, and a private dock, indicating its waterfront appeal in a competitive real estate market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,900,000
- Address: 11420 North Bayshore Drive
- Market: North Miami
- Asset Size: 8,153 SF
- Price Per Square Foot: $2,931
- Seller: Vilma Vilarino Knips - Las Vegas Cuban Cuisine and La Casita; Jimmy Knips - The Christmas Palace
- Brokers: Alexander Knips & Joel Lusky - The Brokerage South Florida Real Estate
The sellers, Vilma Vilarino Knips, owner of Las Vegas Cuban Cuisine and La Casita, and her husband, Jimmy Knips, who is the CEO of The Christmas Palace, are transferring ownership of this newly built mansion. The transaction is being facilitated by brokers Joel Lusky and Alexander Knips of The Brokerage South Florida, who are overseeing the sale process.
Players
North Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93