Digital currencies, including Bitcoin and Litecoin, have become an increasingly notable part of our world over recent years – however, these currencies are now taking over the housing market too. This comes after a Miami Beach home in the affluent Surfside district just sold for $22.5 million – making it the most expensive property ever purchased with Cryptocurrency.
So, what can you pick up for $22.5 million digital notes in South Florida? You can get a 5,067-square-foot modern home that boasts four bedrooms and four bathrooms, along with an open planning living area and dining space.
The penthouse also has a contrasting white marble and dark wooden kitchen – for people who like their morning eggs served with views of the Atlantic.
See: White living room ideas: Schemes and ideas for a chic white living room
However, these views are best enjoyed from the 2,960-square-foot terrace, which showcases the coastal city in all its glamorous glory from nine stories above the bustling shore. Included in the 12-story are a rooftop tennis court, a yoga studio, and two swimming pools.
There is also a temperature-controlled parking space for your cryptocurrency-bought car of the future.
Beyond the glass walls of this contemporary kingdom, the local neighborhood is no less alluring. The aptly named Surfside town is among the smallest seafront neighborhoods in the city, but its small size has not compromised its unrivaled style. This sandy kingdom is crawling with sushi bars, bistros, and jewelry stores.
Is cryptocurrency the future of the housing market?
Following the sale of the most expensive home ever bought with digital currency, we're left wondering if this transaction will set the tone for future real-estate sales. Merely one week before this record sale, another developer in the Caribbean announced that he had created the world's first Bitcoin-enabled community, where reports suggest demands may 'skyrocket,'
Meanwhile, an ever-growing number of homeowners around the US are accepting digital currency as a form of payment for million-dollar estates. Currently, a homeowner in Las Vegas is accepting cryptocurrency (alongside other means of payment) for their luxe $5.8-million home in Summerlin.
So, while digital currency is not short of skeptics, it doesn't look like it's losing any strength at present. Maybe we'll be following suit the next time we move home, but regretfully, the oceanic views may not be included.
This penthouse was developed and sold by Alex Sapir and Giovanni Fasciano of Arte Surfside to an anonymous buyer.
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Megan is the News and Trends Editor at Homes & Gardens. She first joined Future Plc as a News Writer across their interiors titles, including Livingetc and Real Homes. As the News Editor, she often focuses on emerging microtrends, well-being stories, and celebrity-focused pieces.
Before joining Future, Megan worked as a News Explainer at The Telegraph, following her MA in International Journalism at the University of Leeds. During her BA in English Literature and Creative Writing, she gained writing experience in the US whilst studying in New York. Megan also focused on travel writing during her time living in Paris, where she produced content for a French travel site.
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