Vijay Vilas Palace is a royal palace set in the middle of well laid gardens with water channels and marble fountains. The architect and craftsmen from Jaipur designed and constructed the palace in 1920 AD. The palace has all the elements of Rajput architecture and is made largely on the plan of palaces of Orchha and Datia. The central high dome on the pillars, the Bengal domes on sides, the windows with coloured glass, carved stone jails, domed bastions at the corners, extended porch and the other exquisitely stone carved elements, are the worth visiting elements in the palace.

This is an example of the traditional skill of craftsmen of early 20th century. The Vijay Vilas Palace has its own private beach, which is maintained in an eco-friendly manner to preserve its natural beauty. Now this palace has been used as the setting in various Hindi films and has become a popular tourist destination. Besides the Vijay Vilas palace there are some very beautiful houses in Mandvi that belonged to the rich merchants with stone carving and plaster decorations. Their architectural style reflects the fusion of Indian and European styles of architecture. Other interesting buildings in Mandvi are a girls high school, a former palace built by Rao Lakhpat and light house.