BELLEAIR SHORE, Fla. — Riding the hottest financial buzz on Wall Street, the sellers of a 4-bedroom beach house on Belleair Shore — inspired by famed architect Frank Lloyd Wright no less — are making the property available via bitcoin.
Or $4 million, if that’s more to your payment preference. “Thinking outside the box,” says Realtor Nehad Alhassan of Sand Key Realty. “A Realtor has to understand finance more than ever before.”
Bitcoin is digital currency not regulated by a traditional bank but an online community. Transactions are peer-to-peer, minimalizing fees and easing international purchases.
Over the past week, bitcoin’s value has been a wild roller-coaster ride, ranging from $12,000 to around $19,000 and then down to $17,000. The fluctuations have caused headline-making excitement.
Currently, the beach house, built in 1957 and including a saltwater pool, can be had for about 250 Bitcoin (although that could change hour by hour). Sand Key Realty has received increased attention for the property since the bitcoin announcement this week.
The home’s owner lives in Ohio and wishes to remain private, but he welcomed the bitcoin sales tactic. If a buyer pursues the purchase via bitcoin, a local law firm will handle the transaction, converting the digital currency into cash.