$7.85M Las Vegas home will accept Bitcoin

New York /
Dec.December 14, 2013 10:00 AM

Despite Bitcoin’s pronounced volatility, a Las Vegas realtor will readily accept the cryptocurrency as payment for an expansive 25,000 square foot Las Vegas estate.

The house can be yours for a mere $7.85 million, or 8,991 Bitcoins (at the time of this writing).

Jack and Laura Summer, the current owners, got the idea to accept Bitcoin from their sons, who are avid users of the currency, according to the Las Vegas Review Journal. By accepting Bitcoin, the Summers can quite literally sell their house to anyone in the world. Since Bitcoin is decentralized and not regulated by a single governing body, anyone on the planet can pay with it.

Here’s a brief description of the house from the Las Vegas Review Journal:

“Its finishing touches include marble from China, Iceland and Brazil. It has a full basement, plus staff quarters with Jacuzzis and a secret garden. Its 25,000 square feet of space has 39 air-conditioning zones fed from a 120-ton cooling tower. The library shelves are made of stainless steel and clad in American cherry wood. From the owner’s suite, you can see five fairways on the Spanish Trail Country Club’s golf course, and Anna Nicole Smith shot a movie in the 2,000-square-foot guest house. Listed at $7.85 million, it’s definitely an outlier, at more than 4,000 percent of the median local sales price for a single-family home.”

Since beginning writing this story, the value of Bitcoin has swung such that the house now costs 9,057 Bitcoins.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
48 East 81st Street
5 enviable abodes on the Upper East Side
5 enviable abodes on the Upper East Side
Sterling Equities Chairman Fred Wilpon and 334 West 20th Street (Getty, Compass)
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
85 Jay Street (Williams New York)
Condos at 85 Jay Street claimed last week’s 3 priciest Brooklyn contracts
Condos at 85 Jay Street claimed last week’s 3 priciest Brooklyn contracts
Mystery buyer closes on “Jenga Tower” penthouse for $45M
Mystery buyer closes on “Jenga Tower” penthouse for $45M
Mystery buyer closes on “Jenga Tower” penthouse for $45M
Vornado Realty Trust CEO Steven Roth with 220 Central Park South (Getty)
Vornado’s 220 Central Park South approaches $3B in total sales
Vornado’s 220 Central Park South approaches $3B in total sales
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...