On May 27, the state of Florida saw one of the largest real estate sales in cryptocurrency, as the Miami Beach ultra-exclusive luxury penthouse sold for more than $22 million. The penthouse, located on the ninth floor of a 12-storey building, has 5,067 square feet of space and a 2,960-square-foot terrace with ocean views.
One of the Most Exclusive Luxury Homes in Miami Sells Totally for a Crypto Property
According to Arte by Antonio Citterio, a penthouse in Miami’s Surfside neighborhood has been sold to an unidentified buyer, who paid for the property entirely in cryptocurrency. The sale was the largest real estate purchase with crypto assets in Florida history. Developers say that the penthouse is one of the most expensive properties in Miami in terms of price per square foot.
The surfside area in Miami made headlines in December 2020, when a penthouse sold for $33 million. This particular luxury condo sold for $22.5 million in cryptocurrency was sold for $4,440.50 per square foot. This is one of the biggest real estate purchases since 2017 after the December purchase.
“Cryptocurrency is the future of money, and we believe this is only the beginning,” said Giovanni Fasciano, code-developer of Miami Buildings, Explained in an interview. Arte by Antonio Citterio was developed by Fasciano and Alex Sapir. “There is a strong demand for cryptocurrency transactions that are seamless and secure for both parties, and this deal is a prime example of that,” said Sapir, president of Sapir Corp. said. Sapir said:
We were overwhelmed by the volume of calls we received from qualified buyers only after we announced our ability to facilitate cryptocurrency transactions for condominiums in Arte. Real-world crypto transactions have not yet fully gone mainstream, so it is clear that top holders around the world are focused on opening up new trading opportunities.
Completion took less than ten days, crypto used in the transaction unknown
Arte, sold by Antonio Citterio Penthouse for over $22 million, gives the owner the full ninth floor of the building. It includes 360-degree views of the ocean and a wraparound terrace. There are four bedrooms, a powder room, four bathrooms, a wine bar, and massive walk-in closets.
Condo owners also get access to an indoor and outdoor swimming pool, a sauna, steam rooms, rooftop tennis courts, a gym, and a yoga studio. Parking spaces in the building are temperature-controlled and condos also provide a children’s playroom and catering staff. The blockchain settlement system took less than ten days to settle and the digital assets used have not been made public.
What do you think of the Miami Surfside neighborhood penthouse that sold for over $22 million in crypto assets? Let us know what you think about this topic in the comment section below.
image credit: Shutterstock, Pixabay, WikiCommons, Antonio Citterio, Giovanni Fasciano, Arte by Alex Sapir,
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