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11420 North Bayshore Drive

Vilma Vilarino Knips And Jimmy Knips Sell North Miami Waterfront Mansion For $23.9 Million
SOLDSingle Family

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:

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

Joel Lusky

The Brokerage South Florida Real Estate

Broker

$551.9M

vol

47 deals

Broker

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