History was made last month at Arte by Antonio Citterio, Miami Beach’s newest boutique condo building. According to a recent “Forbes” article, the largest known cryptocurrency real estate deal took place when an anonymous buyer paid $22.5 million in cryptocurrency to purchase the ninth-floor, 5,067 square-foot, four-bedroom penthouse in the uber-exclusive new building. “Forbes” reported that the deal, at $4,440.50 per square foot, broke the record for price per square foot. The new owner of the lower penthouse at Arte paid cash, entirely in cryptocurrency; the transaction took less than 10 days to close, which was also a record. The buyer chose to remain unidentified; the specific cryptocurrency that was used also remains unknown. The article states that the deal at Arte sends a clear message that crypto is here to stay. “There is strong pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that,” said Arte by Antonio Citterio co-developer Alex Sapir. “We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions. Real-world crypto transactions haven’t made their way fully into the mainstream yet, so it’s clear that top holders around the world pay attention when new opportunities to transact open up.”
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About Arte by Antonio Citterio
Arte by Antonio Citterio is the architect’s first project in the United States. Arte is the most recent of three new oceanfront luxury condominium projects in Miami Beach’s Surfside, which also includes the recently completed Fendi Chateau Residences and the Surf Club Four Seasons Residences and Hotel. Arte by Antonio Citterio will offer only 16 luxury condominium residences, beginning in size at approximately 5,500 square feet under air and larger. Expansive balconies will add to the large living spaces. Based on the building size and number of residences, most floorplans will be full-floor plans with a few half-floor plans also available. The Arte Surfside residences will be delivered furniture ready, with the interiors also designed by Citterio, and each unit will have access to an enclosed, air-conditioned garage with spaces for three cars. Inside the boutique-styled, luxury condominium, amenities will include a spa, fitness center, and indoor and outdoor pools. And across the street, a separate additional amenity building is planned, with another garage, 24-hour valet, a golf simulator, multiuse club room, cigar room and rooftop tennis courts.
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