![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/06\/crypto-arte-sale-hero.jpeg\")
<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\nAn unnamed buyer has purchased the Lower Penthouse of a boutique condominium in Miami Beach\u2019s Surfside neighborhood for $22.5 million in cryptocurrency, the priciest blockchain-backed real estate transaction ever recorded in the US.<\/span><\/p>\n The 16-unit oceanfront residence, known as <\/span>Arte by Antonio Citterio<\/span><\/a>, announced in early May that it would become Miami\u2019s first new construction development to accept cryptocurrency. Weeks later, the sale of the Lower Penthouse was announced, simultaneously shattering the 2021 Miami Beach condominium record for the highest price per square foot at $4,440.50.\u00a0<\/span><\/p>\n The deal reportedly took less than ten days to close, a process that was \u201cseamless and secure for both parties,\u201d according to Alex Sapir, Chairman of <\/span>Sapir Corp LTD<\/span><\/a>, whose subsidiary, SC 8955 LLC, developed Arte. The type of cryptocurrency used, along with the buyer\u2019s name, is protected under a confidentiality agreement.<\/span><\/p>\n \u201cCryptocurrency is the future of wealth, and we believe this is only the beginning,\u201d said co-developer Giovanni Fasciano in a <\/span>press release<\/span><\/a>. \u201cArte has set the precedent for what these sales can look like, and how fast they can take place. We\u2019re proud to have laid the groundwork for this new, burgeoning world.\u201d<\/span><\/p>\n The four-bedroom, four-and-a-half-bathroom Lower Penthouse spans the entire ninth floor of the 12-story condominium, showcasing 360-degree ocean and city views. Encompassing 5,067 square feet, the light-filled penthouse boasts a marble-topped wine tasting bar, an expansive 2,960-square-foot wraparound terrace, and walk-in closets the size of most principal bedrooms.<\/p>\n The chef-caliber kitchen designed by Antonio Citterio features rich oak cabinetry, integrated appliances, honed marble countertops with a matching backsplash, and an innovative island design with breakfast bar seating.<\/p>\n Meantime, the principal bedroom\u2019s rejuvenating ensuite bathroom boasts a hand-carved travertine soaking tub, a glass-encased shower with dual showerheads, a custom oak vanity, travertine slab floors, and brushed bronze plumbing fixtures.<\/p>\n Arte by Antonio Citterio<\/span><\/a> was completed last fall and is currently home to Ivanka Trump and Jared Kushner, who are leasing a unit as they construct a new home on a $32 million lot on Miami\u2019s exclusive Indian Creek Island.\u00a0<\/span><\/p>\n Arte\u2019s onsite amenities were designed for recreation and relaxation, including a beachside swimming pool and meditation pond, direct beach access with exceptional service, a 75-foot heated indoor lap pool, private rooftop tennis court, a state-of-the-art fitness center with a yoga studio, and a tranquil spa with sauna and steam rooms.<\/p>\n There\u2019s also a residents\u2019 lounge with a full kitchen, an imaginative children\u2019s playroom, pet runway and relief corridor, and premium concierge services including 24-hour security and valet, residential butlers, an onsite general manager, and other lifestyle-enriching offerings.<\/p>\n While Arte\u2019s Lower Penthouse sale is certainly historic, it likely won\u2019t be the last high-priced digital currency deal in the US real estate market.<\/p>\n \u201cWe were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions for the condominiums at Arte,\u201d said Sapir. \u201cReal-world crypto transactions haven’t made their way fully into the mainstream yet, so it\u2019s clear that top holders around the world pay attention when new opportunities to transact open up.\u201d<\/p>\n The four-bedroom, four-and-a-half-bathroom Lower Penthouse spans the entire ninth floor of the 12-story condominium, showcasing 360-degree ocean and city views.<\/p>\n","protected":false},"author":12,"featured_media":217481,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2021-06-09T22:00:48Z","apple_news_api_id":"fd87e5d2-1f81-486a-8f48-b42e439589ea","apple_news_api_modified_at":"2021-06-09T22:00:48Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A_Yfl0h-BSGqPSLQuQ5WJ6g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8647],"apple_news_notices":[],"yoast_head":"\n<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Arte Surfside<\/a><\/em><\/p>\n