Updated Jun 22, 2026
Michael Klinger Of Saber Real Estate Advisors Sells Mansion At 56 Bal Bay Drive For $43M
56 Bal Bay Drive
$43,000,000
$3,981/SF
Building Size
10,800 SF
Asset Type
Single Family
Closing
Jun 18, 2026
About this deal
AI
The property asset involved in the transaction is a 10,800-square-foot single-family home located at 56 Bal Bay Drive in Bal Harbour, FL. This waterfront mansion was sold for nearly $43 million, representing the highest-priced home sale in Bal Harbour for the year 2026.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $43,000,000
- Square Footage: 10,800
- Price Per Square Foot: $3,981
- Seller: Michael Klinger - Saber Real Estate Advisors
- Buyer's Representative: Cindy Orlinsky - Douglas Elliman
- Seller's Representatives: Dina Goldentayer - Douglas Elliman; Joel Lusky - The Brokerage South Florida Real Estate
Developer Michael Klinger, through Saber South Real Estate, completed the sale of the mansion. The buyer has not been disclosed in the transaction details. Douglas Elliman brokers Dina Goldentayer and Joel Lusky facilitated the sale for the seller, while Cindy Orlinsky acted on behalf of the buyer.
On the Map
$43,000,000
$3,981/SF
Single Family
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Monette 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93