Miami Condos You can Buy with Cryptocurrency

Miami Condos You can Buy with Cryptocurrency

Dec 01, 2021 December 01, 2021

Cryptocurrency holders are most welcome to buy real estate in Miami. This is the message that echoed across the globe for crypto holders this May, when a 9th-floor, ultra-luxury penthouse at Surfside’s Arte Residences closed using only cryptocurrency for a record price. The 5,067-square-foot, oceanfront residence sits in one of Miami’s most exclusive boutique buildings and features 360-degree water views.

Closing at $22.5 million, the penthouse sale represents the most expensive residential crypto deal to date in the U.S. Considering the deal took only 10 days from start to end, it sets a new precedent in the world of real estate closings, demonstrating convenience and speed for both buyers and sellers.

Now that cryptocurrency is becoming an increasingly popular investment vehicle and mode of currency, condo developers, sellers, and city officials are getting on board with the idea to allow cryptocurrency in real-world transactions - in Miami, at least.


Miami Moves to Become Cryptocurrency Friendly City 



Bitcoin Conference


With Wynwood hosting the three-day 2021 Bitcoin Conference, and Miami Mayor Francis Suarez proposing to pay municipal workers and accept taxes in Bitcoin, Miami is definitely embracing and pioneering platforms to embrace the future of wealth.

It’s no secret that Mayor Suarez has been courting tech companies and Silicon Valley investors for over a year. And it has had the desired effect, bringing scores of businesses such as Icahn Enterprises, Blackstone and other major VC and tech companies to Miami over the course of the year.

By attempting to take cryptocurrency mainstream, Mayor Suarez has pinned Miami on the map for top holders around the world. Miami has always been a city with a progressive outlook and such willingness to accept digital money in real estate transactions has opened the door for crypto millionaires the world-over, offering them a tangible alternative to park their profits.

For those who curious about what types of condos are available in Miami condos you can buy using cryptocurrency, here’s a preview of available properties, as well as a look into what is cryptocurrency and how it is used in real estate transactions.


Which Miami Condos Can You Buy Using Cryptocurrencies like Bitcoin, Ethereum?



Those looking to fund a real estate transaction using only crypto have more and more options in Miami. Developers are launching new condo buildings with a cryptocurrency buying process already in place. For example, developer PMG is now accepting crypto for its most recent projects, including the highly anticipated Waldorf Astoria Residences, as well as its E11even Residences towers. All three of these projects were launched in the last year and will be built in Downtown Miami. 

As of this writing, there are four Miami condo buildings that are fully onboard with using cryptocurrency for all their sales:


Arte by Antonio Citterio, Surfside

Arte by Antonio Citterio, Surfside


One of the most exclusive and luxurious boutique buildings in Miami, with only 16 ultra-private residences, Arte sits on the pristine beachfront of Surfside, just north of Miami Beach. Most recently known as the home of Jared Kushner and Ivanka Trump, Arte
was designed by Milan’s starchitect designers Antonio Citterio and Patricia Viel, along with Kobi Karp, and developed by Alex Sapir. The iconic building stands out with its pyramid shape and mostly glass façade. Exotic and tranquil landscaping by renowned artist Enzo Enea surrounds the boutique building that rises just 12 stories high and includes only 16 ultra-luxury residences.


E11even Hotel & Residences, Downtown Miami

E11even Hotel & Residences, Downtown Miami


After fully selling out earlier this year, and having just broken ground, E11even Hotel & Residences will rise 65 stories with 375 condo units. Designed by Sieger Suarez, amenities at this suave condo-hotel will include an exclusive 24/11 rooftop experience, access to the 20,000-square-foot multi-level E11even Beach Day Club and pool, a Deepak Chopra-designed spa & studio, a 5-star gourmet food hall, casino-style sports lounge, signature bar and lounge, art installations, and much more. 

Owners at E11even Hotel and Residences will have the option to subscribe to the hotel’s rental program, allowing them to rent out their units for additional income. Prices started at $385,000 and go up to $12 million, with a choice of studios to two-bedroom residences, and penthouses.


E11even Residences Beyond, Downtown Miami

E11even residences Beyond Pool (Rendering)


After selling out E11even Hotel & Residences in record time, PMG and
E11EVEN Partners recently launched E11even Residences Beyond. The sister tower will be designed by Sieger Suarez Architects to stand as a twin, replicating the sell-out design of E11even Hotel & Residences, but offering more exclusivity and privacy. The new, 65-story tower is designed to be ultra-luxe, aimed at being a home fit for high-profile buyers who seek a more VIP, entertainment-driven lifestyle. Although not permitting daily rentals like the first tower, owners at E11even Residences Beyond will be allowed to rent out for a minimum of 30 days.

With groundbreaking scheduled for mid-2022, developers are aiming for a summer 2025 completion. Prices at E11even Residences Beyond start in the mid $300,000s or equivalent cryptocurrency rate.


Waldorf Astoria Hotel & Residences, Downtown Miami

Waldorf Astoria Hotel & Residences, Downtown Miami


Perhaps one of the most awaiting luxury condo projects in Miami, set to transform the city and its skyline, Waldorf Astoria Residences will be the tallest residential building at 1,049 feet. Designed by Burj Khalifa-architect Carlos Ott in partnership with Miami’s Sieger Suarez, the supertall will be built to look like a stack of nine offset glass cubes, and developer PMG is also allowing cryptocurrency to purchase into this storied, luxury brand. 

Rising 100 stories, the skyscraper will be home to 361 condos and 205 hotel rooms. While the hotel will occupy the bottom three cubes, the condos and amenities will come stacked above. With interiors by San Francisco’s award-winning design firm BAMO, future residents will have access to a resort-style pool deck with outdoor café, the hotel brand’s famous Peacock Alley lounge, a signature restaurant, signature spa, wine tasting room, luxurious owners’ lounge, indoor-outdoor event spaces, a kids’ club, smart-home tech with custom mobile app access, and much more. Owners will also get preferred rates and access to Waldorf’s hotel services.

Expecting to break ground in the first quarter of 2022, PMG has applied for a construction permit to begin site work. Read here for more information on Waldorf Astoria’s brand legacy and what it seeks to deliver in Miami. Prices start at $650,000 for Junior Suite Residences, $1 million for a 1-bedroom, $1.7 million for a 2-bedroom, $3,100,000 for a 3-bedroom, and $4,900,000 for a 4-bedroom residence.


Buying Individual Condos Using Cryptocurrency



Arte by Antonio Citterio, Surfside


As more sellers gain confidence in crypto, a growing number of condos are being listed as crypto-friendly. Some current examples of available units in Miami include:

Past sales of Miami-area condos using cryptocurrency include:

Want to search for Miami-Dade condos that allow Cryptocurrency? Go here. If you are interested in using Cryptocurrency to purchase a Miami condo, please contact us. 




What is Cryptocurrency?



If you are new to cryptocurrency, by definition (on Investopedia.com), cryptocurrency is digital money or virtual currency that takes the form of intangible tokens or coins. It is designed to be free of government control (at least for now) or any sort of intermediary interference.

This virtual currency is stored and secured using a code, or cryptography (hence the name), and distributed via a decentralized ledger network based on blockchain technology. Simply put, blockchain tech works on the premise of storing information for every transaction that takes place, adding a “block” of information or proof of transaction to the “chain” every time the currency changes hands. This combination of cryptography and blockchain technology makes it almost impossible to counterfeit or double-spend.

Traded similarly to stocks, some of the most popular types of cryptocurrencies in the market today include Bitcoin, Ethereum, Dogecoin, Litecoin, Cardano, and Polkadot.


How do you Buy Real Estate using Cryptocurrency?



A basic cryptocurrency transaction involves an amount, a sender’s address (virtual), receiver’s address (virtual), and private keys. Further, there are two ways to go about purchasing real estate using cryptocurrencies such as Bitcoin:

  • Seller Accepts Cryptocurrency, Closes in Dollars. With volatility being a major concern, some sellers are willing to accept cryptocurrency but prefer to convert it into dollars as soon as convenient at closing. Such deal are facilitated with the help of a cryptocurrency exchange that can easily convert digital currency to cash, such as BitPay, Coinbase, Binance, or FTX (America’s first regulated cryptocurrency exchange, and the new owner of the former American Airlines Arena).

  • Crypto All the Way. This is a true cryptocurrency transaction, where the seller will accept and keep the payment in crypto. However, it would be beneficial for both parties to negotiate upper and lower price parameters in such a situation. This will help safeguard both parties against any losses due to volatility. If the cryptocurrency’s value falls out of the specified range, the sale price will automatically be modified to match the price in current dollar value on closing day.

Read more about buying and selling real estate with cryptocurrency.



Looking to buy real estate using crypto? Follow the link to 
see all condo listings accepting Bitcoin and other cryptocurrencies in Miami. Call, chat, or email us to have an expert real estate agent help you buy or sell properties in Miami or Fort Lauderdale.



LET'S GET SOCIAL!
Connect with us on Instagram and Youtube.

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
Lifestyle The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
At Blackbook Properties, we are passionate about our city’s growth and love to stay on top of what’s happening next in Miami, so we can keep you updated on future Downtown Miami developments. This time, we visited the Miami DDA (Downtown Development Authority) for an exclusive interview with our friend and CEO Christina Crespi to gain insights on all the behind-the-scenes action that’s making Downtown Miami the most thrilling live-work-play-invest destination of the future. Grab a coffee or tea and listen to what she had to say to our very own Sep Niakan, Miami realtor and founding broker of Blackbook Properties!     You’ll discover in our new video interview how the Miami DDA—Miami Downtown Development Authority—was initially focused solely on this core neighborhood’s economic development. However, in recent years, it has evolved into a community development authority that aims to create a great quality of life for its residents and maintain a positive business environment. Plus...
The 5 Most Luxurious Condos in Surfside, Miami
Real Estate News The 5 Most Luxurious Condos in Surfside, Miami
Surfside is a small seaside community immediately north of Miami Beach and just south of Bal Harbour. It’s a tight-knit community that cherishes its ocean-front living options, beach walks, community center, and overall quality of life.  In our years of experience as a boutique brokerage in South Florida, we’ve seen a growing luxurious side to this beach town that has brought us top-tier residences tucked inside some of the most sought-after oceanfront buildings. In this blog, we’ve ranked the top five most luxurious condos in Surfside, Miami, according to their average listing price and we list all their amenities to help you know this coastal community better This article was updated on July 1, 2024. — Why Choose to Live in Surfside? This family-oriented beach town is perfectly positioned between the glamorous Bal Harbour and world-famous Miami Beach. A pocket-sized neighborhood, Surfside is somewhat of an extension of Bal Harbour and is favored by those looking for a mix of...
All of the Ritz-Carlton Residences in Miami, Miami Beach and More
Real Estate News All of the Ritz-Carlton Residences in Miami, Miami Beach and More
One of the most renowned brands within the hospitality industry, The Ritz-Carlton has a long history of being top of mind when it comes to sophistication, attention to detail, and service. They have made it their mission to stand out with these attributes in their hotels and their residence-only condos, The Ritz-Carlton Residences, are no different. When you own in one of these exclusive enclaves, you can expect a living experience and home with the utmost quality, personalized attention, lifestyle enhancements, and unique moments that make your life a luxurious and curated experience. If this sounds like your way of living, you’re in luck because South Florida, with its amazing landscapes, culture, and weather, has five Ritz-Carlton Residences for you to choose from, with two more in pre-construction development—one in Pompano Beach and one in South Beach.  In this blog, we’ll go through all of these incredible properties so you can learn more about what makes each one of them...
Miamians Favorite Places to Watch the Fourth of July Fireworks in 2024
Events Miamians Favorite Places to Watch the Fourth of July Fireworks in 2024
Nothing says summer in America like the Red, White, and Blue, and a hot July night that brings everyone together. Yes, we’re talking about the best show in town, the 4th of July fireworks. And in Miami, if you love a fabulous fireworks show, you’re in for a treat because many spectacular shows have several options for watching the fireworks in Miami. From Downtown to South Beach to Key Biscayne, we’re sharing our favorite best places to watch the 4th July fireworks in Miami in 2024! And don’t worry, we’re even letting you know a few things to do in Miami for the 4th of July, including the beloved Key Biscayne 4th of July Parade, which is great for kids.  Get your sparklers ready; it’s going to be a blast! — Where to Watch Fireworks in Miami in 2024 First, as tried and true Miamians, who’ve seen many a fireworks show here, we’ve got some general pointers on where to watch the many 4th of July fireworks in Miami so that you're sure to get an amazing view of, likely not just one...
The Ritz-Carlton Residences South Beach: A New Paradigm in Luxury Living
Preconstruction The Ritz-Carlton Residences South Beach: A New Paradigm in Luxury Living
After redefining luxurious living with a line of successful residential-only condo developments across Miami and South Florida, the Ritz-Carlton brand is coming to coveted South Beach with a boutique development of just 30 beachfront condos featuring panoramic views of the Atlantic Ocean and Miami Beach. This will mark the seventh Ritz-Carlton Residences in the area, this time in one of the most celebrated neighborhoods in Miami Beach. For the project, owners of the Sagamore and Ritz-Carlton Hotels—located near the crossroads of famed Collins Avenue and Lincoln Road—are merging the two properties in a renovation and development effort that includes major changes to both hotels, as well as the construction of the new Ritz-Carlton Residences South Beach behind the Sagamore. Developed by Sobe Sky Development and slated for completion in 2027, this 15-story condo will feature one- to five-bedroom residences, with two duplex penthouses boasting private rooftop terraces with individual...
ELLE Residences Miami: Live in Your Own Elle Decor Spread
Preconstruction ELLE Residences Miami: Live in Your Own Elle Decor Spread
Miami is about to get on another level of chic thanks to the recently announced ELLE Residences coming to the waterfront Edgewater neighborhood. This will mark the eponymous magazine’s foray into the world of condo construction, courtesy of a collaboration between Vertical Developments, Urban Network Capital Group, and the media titan. ELLE Residences will mix the brand’s Parisian vibe with Miami’s unique setting—a heady cocktail that you—whether an investor or resident—won’t want to miss.  The tower is set to be 25 stories high with 180 turnkey units, ranging from 450 to 845 square feet with one- or two-bedroom layouts, plus a collection of penthouses. The building will also include 7,290 square feet of retail space and 121 parking spaces utilizing state-of-the-art vehicle lifts. Prices start at a very competitive $525,000, and completion is expected in in 2025. For investors, one of the most attractive features of ELLE Residences Miami is its flexible rental options. There will...