Updated May 8, 2026
Jacob Siewert Of Iconiq Capital Purchases Waterfront Mansion From Michael Parker For $35 Million
845 East Dilido Drive
$35,000,000
$6,936/SF
Building Size
5,046 SF
Asset Type
Single Family
Closing
May 8, 2026
About this deal
AI
A single-family waterfront mansion located at 845 East Dilido Drive in Miami Beach, FL, has been sold for $35 million. The property spans 5,046 square feet, resulting in a price per square foot of $6,936.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $35,000,000
- Address: 845 East Dilido Drive
- Market: Miami Beach, FL
- Square Footage: 5,046
- Price Per Square Foot: $6,936
- Buyer: Jacob Siewert - Iconiq Capital
- Seller: Michael Parker - NationsBenefits
This transaction highlights Michael Parker, co-CEO of NationsBenefits, who sold the property shortly after acquiring it, achieving a 79% gain. The buyer, Jacob Siewert, is associated with the 845 East Dilido Property Trust, indicating ongoing investor interest in luxury waterfront homes in Miami Beach.
On the Map
$35,000,000
$6,936/SF
Single Family
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Players
Bonifay 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93