By Megan Slack
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.
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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.
Megan is a News Writer across Future Plc's Homes titles. She has a background in national newspapers in the UK and has experience in fashion and travel journalism, which she previously practised whilst living in Paris and New York City. Her adoration for these fashion capitals means she particularly loves writing about contemporary styles and trends for Livingetc.
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