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
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.
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