Miami Penthouse Selling for Bitcoin Only
The condominium is being listed on real estate site Redfin Corp. for 33 bitcoin (well over Miami’s “median bitcoin price”), which equals about $542,000. Curbed Miami is reporting that the residence is located in Edgewater at Platinum Condominium, which is a 22-story, 119-unit building completed in 2007. The building has a fitness center, infinity pool, spa, and party room.
The unit has one bedroom and one and one-half bathrooms, views of Biscayne Bay, a European-style kitchen, and wood floors. Records show the owner is Ciro Fodere, a pianist and founder of Notegarden, which allows musicians to find competitions. The residence was purchased in 2016 for $315,000.
Although about 75 owners listing properties on Redfin have said they will accept bitcoin as payment, this listing is the only one with a “bitcoin only” payment specification. It is also reportedly the only one of its kind in Miami-Dade County. Other homes in South Florida that buyers can use bitcoin (along with more traditional financing) to purchase are a four-bedroom home on Miami Beach’s Hibiscus Island selling for $2.45 million (about 150 bitcoin) and a townhouse in Miami is selling for $338,878, which is just about 20 bitcoin.