Miami is rapidly emerging as one of the nation’s major hubs for technology and cryptocurrency, and the recent sale of Unit 2202 at One Thousand Museum proves it.
The four-bedroom condominium, which was listed by BHS Miami agents Keith Marks and Sonia Toth of the Keith & Sonia Team, just sold for $7.2 million—entirely in the cryptocurrency Ether (ETH). The sale now holds the record for the City of Miami’s largest cryptocurrency real estate sale to date.
“The sale was executed in true 2021 style,” said the Keith & Sonia Team. “The buyer made a generous offer based solely on the listing video we created, before ever setting foot in the unit.”
Unit 2202 is located at One Thousand Museum, a luxury condominium complex designed by Zaha Hadid. In addition to museum-worthy design and luxury finishes, the condominium offers exquisite views of Biscayne Bay, as well as two of Miami’s major cultural landmarks: The Perez Art Museum and the Phillip & Patricia Frost Museum of Science.
The building is regarded as one of the Miami skyline’s definitive modern structures, fusing the finest in art, architecture, and design.
The team noted their sale reflects a burgeoning trend in Miami real estate that is not likely to diminish any time soon. For instance, Arte Surfside, located just outside of the City, recently became the first new development project in Miami-Dade County to accept cryptocurrency, eventually selling a unit for $22.5 million.
Created by Ethereum, an open-access blockchain platform, ETH is second only to Bitcoin as the largest form of cryptocurrency currently in use. Unlike Bitcoin, however, ETH can be used for both monetary transactions and to program and power applications on Ethereum’s network—a marketplace of financial services, games, and apps.