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Hedge fund manager asks $20M for waterfront Bal Harbour estate

Listing price breaks down to $3,400 psf for home and $440 psf for the land

May 16, 2016

 

44 Bal Bay Drive in Bal Harbour

Allan Kleer and Fabian Garcia Diaz

Allan Kleer and Fabian Garcia-Diaz

44 Bal Bay Drive in Bal Harbour

A waterfront estate on Bal Harbour’s Bal Bay Drive has hit the market for $19.9 million.

Richard B. Alman, principal at the hedge fund manager Alternative Capital Enterprises, and his wife Robin Zelcer Alman, an executive at the clothing designer and distributor Isaco International Corporation, own the 1-acre property at 44 Bal Bay Drive. 

The two-story home, built in 1988, has five bedrooms and six bathrooms. Its asking price breaks down to $440 per square foot for the land and $3,376 per square foot for the home.....

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