Spec developer Michael Klinger and his wife Michelle Klinger sold a home in Golden Beach for $27.1 million, marking a record price for bayfront homes in the neighborhood.
Klinger sold the house at 194 South Island Drive to a Delaware entity, a spokesperson confirmed. The deed has yet to appear in public records and the true buyer is unknown.
Dina Goldentayer with Douglas Elliman and Joel Lusky with the Brokerage South Florida Real Estate had the listing. Jonathan Mann with the Jills Zeder Group at Coldwell Banker Realty brought the buyer.
Michael Klinger is the founder of Saber Real Estate South, a real estate development firm that has expanded its spec portfolio in Golden Beach in recent years. In November, he sold the extensively renovated home at 220 South Island Drive for $13 million, after buying it for $9.3 million the year prior, records show.
Last year, Klinger’s Saber bought the quarter-acre waterfront property at 476 North Parkway for $3.9 million with plans to build a 6,000-square-foot spec home. Also in the works is a 10,000-square-foot spec mansion planned for 56 Bal Bay, which Klinger is listing for $45 million with Goldentayer and Lusky, a spokesperson confirmed.
The Klingers bought the 0.3-acre 194 South Island Drive property for $6.3 million in 2021, according to property records. They completed the 7,600-square-foot home last year, and it includes six bedrooms, six bathrooms, two half-bathrooms, a theater, wellness facilities, staff quarters, a pool and a dock.
It hit the market asking $35 million in April, and the price dropped to $30 million in June and went pending in December, Zillow shows.
Golden Beach is a rare Miami-Dade enclave with oceanfront single-family homes. The most expensive home ever sold in the neighborhood traded for $45 million in 2022 and spans 1.7 acres along the Atlantic Ocean.
Klinger’s sale marks a price record for non-oceanfront deals in the neighborhood. In October, Johnny Grobman, a convicted fraudster serving an 18-year prison sentence, sold his oceanfront home in Golden Beach for $16.6 million. In 2024, the owner of a Miami cosmetic surgery center sold his house in the area for $22 million.
