arts
Developer Michael Klinger sells waterfront Bal Harbour mansion for $43M
By Katherine Kallergis at The Real Deal
· June 18, 2026
· 1 min read
Developer Michael Klinger sold another mansion in Bal Harbour, marking the priciest home sale in the village this year and exceeding his initial expectations. Affiliates of Klinger’s Saber South Real Estate sold the 10,800-square-foot estate at 56 Bal Bay Drive for just shy of $43 million, according
Key takeaway Affiliates of Klinger’s Saber South Real Estate sold the 10,800-square-foot estate at 56 Bal Bay Drive for just shy of $43 million, according to the agents involved in the deal.
Why this matters in The Miami
The sale of this Bal Harbour mansion for $43 million reflects the ongoing demand for luxury waterfront properties in Miami -Dade County. This trend is particularly notable in affluent neighborhoods like Bal Harbour, where high-end buyers are willing to pay premium prices for modern, designer homes with direct access to the ocean. As a major hub for Latin American and Caribbean communities, Miami's luxury real estate market is also influenced by international buyers seeking high-end properties in a desirable location. The fact that this sale exceeded the seller's initial expectations suggests that the market for luxury homes in Miami remains strong, despite concerns about sea-level rise and flooding risks in coastal areas like Bal Harbour. As the county continues to grow and develop, it will be worth watching how the luxury real estate market evolves in response to these environmental challenges.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 18, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Developer Michael Klinger sold another mansion in Bal Harbour, marking the priciest home sale in the village this year and exceeding his initial expectations. Affiliates of Klinger’s Saber South Real Estate sold the 10,800-square-foot estate at 56 Bal Bay Drive for just shy of $43 million, according
When was this published? This article was first published on June 18, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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