First ever land for sale in cryptocurrency

Posted: 28 May 2018 12:53 pm
Los Gatos crypto property small

A multi-acre property is for sale in northern California, available to buy using BTC, ETH, XRP or US dollars.

Nestled among the hills of California’s Los Gatos township, south of San Francisco Bay, is a 27 acre parcel of land for sale. What makes this property listing especially unique is that you can buy it using cryptocurrency.

The San Francisco Bay area is known for its early-adopter attitude, so it shouldn’t come as a surprise that US real estate agency Propy is offering the off-market, panoramic site to buyers via digital currency acquisition.

The buyer can purchase the 27-acre ranch estate using bitcoin (BTC), Ethereum (ETH) or Ripple (XRP).
The land is also listed and available to buy at price of US$16,000,000.

This property is the last large land estate left in Los Gatos, according to Propy’s listing. The buyer has the opportunity to build up to 10 luxury homes overlooking some of the most pristine lands in northern California.

For executives and professionals, the location is minutes away from the buzz of high tech but also offers them the tranquility to wind down and recharge. For families, the location is close to some of the top schools in the country, including Stanford University and Harker, the top private high school in the country.

Description of the property by Propy real estate agents

Given that the cryptocurrency market has taken a sharp dive in recent weeks, digital currency enthusiasts may see the potential to utilize their holdings and make some real-world purchases where possible.

For an aerial view of the expansive and picturesque property, check out the YouTube listing video below.

As in all things real estate, location is key. The pro-cryptocurrency legal landscape in Vermont recently enabled city hall in South Burlington to record its first real estate deed exclusively on the Ethereum blockchain.

The milestone was achieved via a pilot program of blockchain startup Propy, which began in January 2018.

Property startup Slice is offering investors access to a share of $2 million in equity capital that will be used to construct a real estate development to be located in Chelsea, Manhattan, New York. However, there’s a big difference between this and other commercial capital raising strategies… investors are buying cryptocurrency.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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