If you’re one of the tens of people inside earth out there thinking, “You know, there just aren’t enough options for the average blockchain enthusiast/house hunter looking to convert $2 million worth of non-state-backed digital currency into the US’s greatest natural investment: REAL PROPERTY, BABY!” I’ve got Great news for you — you may want to sit down.
For about $2 million in cryptocurrency, you can own a all 5-bedroom home in fancy Westport, Connecticut, which can be selling for 250 bitcoin or 3,030 etherum.
Susan Vanech, who can be both the owner of the house along with also also the realtor, decided to list the “modern farmhouse” in cryptocurrency as a way to reach brand-new buyers — along with also also there potentially are plenty out there. While the idea’s unclear exactly how many bitcoin millionaires have been made, even after the recent cost crash there are more than 12,000 addresses holding at least $1 million worth of bitcoin, according to the tracking site BitInfoCharts.
Vanech can be part of an early wave of people trading in their houses for bitcoin. At the beginning of the year, Realtor.com counted 37 single-family homes across the country of which were accepting payment in bitcoin — half of them were in Florida. (the idea’s unclear if they actually sold using the digital bucks.) Last fall, a home in Austin was bought with bitcoin for an undisclosed amount, along with also also This particular spring, two condos in Manhattan were bought with bitcoin for around $800,000 along with also also $1.5 million each.
One Florida listing agent told Curbed in March of which he expects at least 25% of his sales to be made in cryptocurrency in all 5 years. currently the trend has finally arrived in Connecticut.
“As a realtor who relies on the broad scope of my ability to market a property, I thought, isn’t the idea time to offer something in crypto?” Vanech told BuzzFeed News. She said her brother got her into crypto along with also also can be advising her. She has enough faith of which these nouveau riche want to spend their cryptocurrency earnings on luxury listings of which she can be forming a real estate company called Blockchain Homes.
The town of Westport can be no stranger to millionaires; one ranking named the idea as the 22nd richest town inside country. Paul Newman lived there, along with also also Martha Stewart (a hero to the blockchain community, I’m sure) lived there for a while.
Vanech said her Westport house has an “innovative design” she believes will appeal to the crypto community — though the idea has property taxes of about $19,000 per year, which presumably you have to pay in regular old US dollars.
Vanech can be a realtor with Sotheby’s, which lists homes in multiple currencies nevertheless not bitcoin or crypto (there’s no option for of which in Sotheby’s system). This particular means the website has the idea listed very inaccurately for $250, not bitcoin, which has led to some confusion. Vanech said of which her fellow Sotheby’s agents have had mixed reactions: “Half of them are laughing at This particular along with also also half are intrigued by the creative innovation for how to market This particular.”
Vanech said she isn’t worried the listing will attract some drug lord/bitcoin enthusiast trying to hide their ill-gotten money. “What I can say by my conversations with my real estate attorney can be of which there’s a way to do the idea of which addresses all guidelines in Connecticut,” she told BuzzFeed News.
If a buyer paying in crypto doesn’t materialize (the idea’s unclear if you can get a mortgage in bitcoin), Vanech can be willing to take offers in regular dollars. the idea’s only been on the market for less than a week, nevertheless she says she’s had dozens of inquiries. No offers yet.