Michael Klinger And Joshua Silverman Sell Single Family Home In Bal Harbour For $43M
56 Bal Bay Drive
$43,000,000
$3,981/SF
Building Size
10,801 SF
Asset Type
Single Family Residence
Closing
Jun 16, 2026
AI
The property asset involved in this transaction is a single-family home located at 56 Bal Bay Drive in the market of Bal Harbour. The sale price for this asset was $43,000,000, with a total square footage of 10,801, resulting in a price per square foot of $3,981.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $43,000,000
- Address: 56 Bal Bay Drive
- Market: Bal Harbour
- Square Footage: 10,801
- Price per Square Foot: $3,981
- Seller: Michael Klinger & Joshua Silverman - Saber South Real Estate
- Brokers: Joel Lusky - The Brokerage South Florida Real Estate; Dina Goldentayer & Cindy Orlinsky - Douglas Elliman
The deal involved prominent individuals such as sellers Michael Klinger and Joshua Silverman, who were represented by Saber South Real Estate. The transaction was facilitated by brokers Joel Lusky from The Brokerage South Florida Real Estate, and Dina Goldentayer and Cindy Orlinsky from Douglas Elliman, reflecting a collaborative effort in securing the sale.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93