Arte Surfside in Miami Beach Known for Crypto and Famous Residents Nearly Sold Out

Nothing is hotter right now than cryptocurrency and Miami real estate. There is one residence that has become famous across the industries for combining the two. Arte Surfside is a stunning new development in Miami Beach, known not only for its impeccable luxury standard, but also for paving the way for the future of the real estate industry by closing a massive deal using cryptocurrency.

In 2021, Arte Surfside made a splash when it closed a deal on one of the building’s penthouses. What made it any different than any other luxury real estate closing? The transaction was one of the first of its kind in the market, as the $22.5 million dollar deal was closed using cryptocurrency. Even if you are unfamiliar with the specifics of how cryptocurrency works, most know that it is widely considered the future for a variety of industries. This deal signaled the beginning of the new way that luxury real estate will be transacted.

The project in north Miami Beach’s Surfside is one of the most highly sought after condos in Miami. It is an exclusive 12-story oceanfront property with just sixteen unique residences. Arte Surfside is the result of a brilliant Italian architecture and design collaboration by the renowned talents of Antonio Citterio and Patricia Viel, working with the well-known Kobi Karp. Together, they created an absolutely stunning Mediterranean-style enclave right on the beach in sunny Surfside. The incredible luxury property is home to celebrities, including Ivanka Trump, and is the pinnacle of luxury living in Miami Beach.

Following the trend-setting cryptocurrency transaction of Arte’s penthouse, two more residences were sold in January of this year. With selling prices of $12.225 million and $11.2 million, both January sales sold for above asking price. As of February 8, 2022 only one condo is left on market in the building. The unit is a dazzling six bedroom, 7,000 square foot duplex, with a listing price of $20 million. 

Cryptocurrency has been called the future of real estate. Before long luxury properties for sale in the Florida Keys will undoubtedly include cryptocurrency transactions. Realtors in the Keys will soon take advantage of the ease and convenience of using cryptocurrency to close transactions safely and efficiently.