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Owner of Cuban Restaurants in the U.S. Sells Miami Mansion for $21 Million

Wednesday, August 7, 2024 by Ethan Navarro

Owner of Cuban Restaurants in the U.S. Sells Miami Mansion for $21 Million
Mansion in Miami - Image by © Realtor.com

Vilma Vilarino Knips, the owner of the popular restaurant chains Las Vegas Cuban Cuisine and La Casita, has sold her mansion in North Miami for a record-breaking $21 million. Initially listed at around $24 million, this house, located at 11420 North Bayshore Drive, has set a new milestone for the coastal city.

According to The Real Deal, the residence, completed this year and designed by Portuondo Perotti, spans 12,600 square feet and features six bedrooms and seven-and-a-half bathrooms. The mansion boasts approximately 100 feet of waterfront, a private dock, an infinity pool, and an outdoor kitchen.

The 0.4-acre property was co-listed by Joel Lusky and Alexander Knips of The Brokerage South Florida, with an initial asking price of $23.9 million. Dina Goldentayer of Douglas Elliman represented the buyer, whose identity has not been disclosed.

Background and Significance

Vilma Vilarino Knips and her husband, Jimmy Knips, CEO of The Christmas Palace, purchased the land in 2019 for $2.7 million. Vilarino owns more than a dozen restaurants, including Ku-Va Restaurant and Vila’s Cuban & Mexican Restaurant. However, Las Vegas Cuban Cuisine has stood out as a landmark for authentic Cuban food in South Florida since 1984.

The story of this iconic Florida business began following the Mariel Boatlift in the 1980s, when thousands of Cubans left the island and settled in the United States. Vilarino's family claims to have been among them.

The sale of this property also shattered the record for the San Souci neighborhood, doubling the previous high set in 2021 with the sale of a waterfront home for $10.6 million.

Frequently Asked Questions About Vilma Vilarino Knips and Her Miami Mansion Sale

Here are some common questions and answers about Vilma Vilarino Knips, her businesses, and the recent sale of her Miami mansion.

Who is Vilma Vilarino Knips?

Vilma Vilarino Knips is the owner of several popular Cuban restaurant chains in the U.S., including Las Vegas Cuban Cuisine and La Casita.

What is the significance of the sale of her Miami mansion?

The sale of her Miami mansion for $21 million set a new record for the North Miami and San Souci neighborhoods.

What are some features of the mansion?

The mansion spans 12,600 square feet and includes six bedrooms, seven-and-a-half bathrooms, 100 feet of waterfront, a private dock, an infinity pool, and an outdoor kitchen.

Who represented the buyer in this transaction?

Dina Goldentayer of Douglas Elliman represented the buyer, whose identity remains undisclosed.

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