After four short months, the 5,067-square-foot lower penthouse unit of Arte by Antonio Citterio in Miami is returning to market — and once again, cryptocurrency bids are accepted.
A Miami penthouse that in May smashed records as the priciest real estate transaction closed entirely with cryptocurrency is returning to the market — for $5 million more than it sold for. And, once again, cryptocurrency is accepted.
In May, the 5,067-square-foot lower penthouse unit of Arte by Antonio Citterio in the Surfside neighborhood of Miami sold for $22.5 million in an unidentified cryptocurrency. As a partnership with the blockchain and securities trading platform SolidBlock, developers Alex Sapir and Giovanni Fasciano have touted the use of cryptocurrency in real estate transactions as a marketing strategy.
But after four short months, the new owner has chosen to put the property back on the market for $27.5 million. Siblings Ryan and Max Farbstein of Douglas Elliman, who originally represented the listing, have returned to sell it again.
The owner has been cautious about keeping his or her identity private, and reasons behind the decision to sell now aren’t clear. The Farbsteins told Mansion Global that cryptocurrency, once again, is being accepted as payment.
South Florida’s red-hot market market, which has seen values spike by as much as 30 percent in the past year, could also be a factor.
Along with a 2,960-square-foot wraparound terrace, the penthouse features an open floor plan, full-length windows, 10-foot-high ceilings and a wine bar. The Arte Surfside building, which was completed by Sapir and Fasciano in 2020, includes outdoor and indoor pools, a rooftop tennis court, climate-controlled parking and direct access.
“When you enter the lower penthouse you feel like you are floating on the ocean,” Farbstein said. “You also have approximately 3,000 square feet of wraparound terrace, which no other unit has in the building.”
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
Marnus Labuschagne Caught Off-Guard By ODI Captain Call After Steve Smith Snub
Everyone Is Looking Forward To It, The Standard Will Be Very High – Jacques Kallis On CSA’s SA20
Danushka Gunathilaka Granted Bail On Sexual Assault Charges
Ramiz Raja Sends Legal Notice To Kamran Akmal For Defamatory, False Claims Against The Board
Harbhajan Singh Reckons Mumbai Indians Should Release Kieron Pollard Ahead Of The IPL Auction 2023
Ian Bishop Praises Sam Curran For His Performances On Bouncy Australian Tracks
Why Choose A Career In Child Psychology?