The three-bedroom 2,528 square foot beachfront property is on the 37th floor of the luxury Setai Residences condominium complex and is on sale for $14 million, or around 380 BTC at today’s prices.
The property boasts two master suites, a panoramic view of the Miami skyline, 24-hour hotel service and amenities, including three oceanfront swimming pools, a sauna and a spa, to name a few. The sale is being hosted by Freud Group, a real estate investment firm that caters to celebrities.
This isn’t Guetta’s first crypto move. In September, the DJ signed a partnership with decentralized virtual reality platform Sensorium Galaxy. Guetta’s decision to accept crypto appears to be his own choice, as other properties listed on the website contain no mention of crypto.
@davidguetta knows what’s up. His Miami pad is for sale. Can buy with #Bitcoin or #Ethereum. In general, not a good idea to part w/ disinflationary #crypto that consistently outperforms real estate… but smart folks like Guetta love to take it from you.https://t.co/uJdYQYTnwu— Shaoky T (@ShaokyCinemaBTC) June 11, 2021
The French DJ, who has multiple songs with more than 1 billion views on YouTube, bought the property for $9.5 million from New York billionaire Richard LeFrak back in 2018 and stands to make $4.5 million from the sale.
It looks like Miami is becoming a hotspot for lavish property sales that accept crypto. Last month, Miami’s Arte Surfside luxury apartments, a complex that’s home to Ivanka Trump, announced it would accept payments in multiple cryptocurrencies, such as Bitcoin and Ether.
On May 27, the firm sold a four-bedroom penthouse for $22.5 million that was paid entirely in crypto. It is reportedly the largest crypto-based real estate sale to date, however, the firm didn’t reveal the name of the buyer or which crypto was used to purchase the property.
Suarez stated in January that he was “working day and night” to transform Miami into a hub for “crypto innovation.”