A Miami penthouse was listed on a number of real estate portals including Redfin, Remax, and Coldwell Banker for 33 Bitcoin (Bitcoin) - and that’s the only form of payment the listing says the seller will accept, Business Insider reported.
“ONLY ACEPTING BITCOIN,” says the listing.
The one-bedroom, one-and-a-half-bath condo has high ceilings, wood floors and views of Biscayne Bay and the Miami skyline. The building includes a fitness center, infinity pool, spa and party room.
According to public records on Redfin, it was last sold in January 2016 for $315,000 and gained 7.4% annually since then. Justino Ferret, the agent on the property, told Business Insider that this seller is only accepting Bitcoin.
Nela Richardson, the chief economist at Redfin advises against converting home equity to Bitcoins.
"You're taking money out of an asset class that is highly regulated and putting it into something whose value is based on no regulations," she told Business Insider.
"We think this home for sale is more of a rare event than the start of a larger trend," she added.
Other homes for sale that accept Bitcoin include this five-bedroom San Francisco home with views of the Palace of Fine Arts, which is listed for $5.1 million (about 300 Bitcoin). This four-bedroom home on Miami Beach’s exclusive Hibiscus Island is selling for $2.45 million (about 150 Bitcoin).