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This $59 million mansion on the high-security Miami island known as 'Billionaire's bunker' is now accepting payment in Bitcoin — check it out

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This $59 million mansion on the high-security Miami island known as 'Billionaire's bunker' is now accepting payment in Bitcoin — check it out
  • A $59 million mansion on a 300-acre island in Miami is now accepting Bitcoin as payment.
  • The listing could set a new record for the most expensive real estate bought with cryptocurrency.
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This $59 million mansion in Miami's star-studded Indian Creek neighborhood is now accepting payment in Bitcoin.

This $59 million mansion in Miami's star-studded Indian Creek neighborhood is now accepting payment in Bitcoin.
A rendering of 37 Indian Creek in Miami Beach, FL.Todd Michael Glaser/Dina Goldentayer

It could be the most expensive real estate purchase ever made in cryptocurrency, as Forbes first reported. The record is currently held by a penthouse in nearby Surfside, which was bought by an unnamed buyer last year for $22.5 million in crypto.

It could be the most expensive real estate purchase ever made in cryptocurrency, as Forbes first reported. The record is currently held by a penthouse in nearby Surfside, which was bought by an unnamed buyer last year for $22.5 million in crypto.
A living room in Surf side's Arte condominium. One of its floor-through penthouses sold for $22.5 million in cryptocurrency last year.Arte Surfside
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The mansion sits on a 300-acre island known as "Billionaire's Bunker" connected to Surfside, Miami by a single bridge. The only entrance is patrolled by members of the community's private police force.

The mansion sits on a 300-acre island known as "Billionaire's Bunker" connected to Surfside, Miami by a single bridge. The only entrance is patrolled by members of the community's private police force.
Todd Michael Glaser/Dina Goldentayer

Source: Insider

The wealthy enclave earned its name thanks to its high-profile residents including Tom Brady, Gisele Bündchen, Ivanka Trump, Jared Kushner, and Enrique Iglesias.

The wealthy enclave earned its name thanks to its high-profile residents including Tom Brady, Gisele Bündchen, Ivanka Trump, Jared Kushner, and Enrique Iglesias.
Tom Brady and Gisele Bündchen attend The 2019 Met Gala.John Shearer/Getty Images for THR
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It borders the Indian Creek Golf Course, home to an exclusive country club that was accused of discriminating against Black and Jewish residents in the early 2000s, local outlets reported. The club denied the allegations, according to The Wall Street Journal.

It borders the Indian Creek Golf Course, home to an exclusive country club that was accused of discriminating against Black and Jewish residents in the early 2000s, local outlets reported. The club denied the allegations, according to The Wall Street Journal.
Todd Michael Glaser/Dina Goldentayer

Source: Orlando Sentinel (2000), Wall Street Journal

Developer Todd Michael Glaser bought 37 Indian Creek Island Road for $24 million last summer from the TV host known as "Don Francisco," per the Miami Herald.

Developer Todd Michael Glaser bought 37 Indian Creek Island Road for $24 million last summer from the TV host known as "Don Francisco," per the Miami Herald.
Todd Michael Glaser/Dina Goldentayer

Source: Miami Herald

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The original home will be demolished and replaced with a "tropical modern playhouse," a spokeswoman for Glaser told Insider. It's scheduled to be move-in ready within 18 months.

The original home will be demolished and replaced with a "tropical modern playhouse," a spokeswoman for Glaser told Insider. It's scheduled to be move-in ready within 18 months.
Todd Michael Glaser/Dina Goldentayer

The new construction includes 12 beds and 13.3 baths, 12-feet tall ceilings, a club room, chef and prep kitchens, a media room, and a gym studio.

The new construction includes 12 beds and 13.3 baths, 12-feet tall ceilings, a club room, chef and prep kitchens, a media room, and a gym studio.
Todd Michael Glaser/Dina Goldentayer

Source: Douglas Elliman

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The spec home also features a four-car garage, pictured in the digital rendering below.

The spec home also features a four-car garage, pictured in the digital rendering below.
Rendering of 37 Indian Creek Island Road in Miami Beach, FL.Dina Goldentayer

Its backyard contains "lush landscaping," 134 feet of water frontage, a large deck, pool, and tanning beds, the listing says.

Its backyard contains "lush landscaping," 134 feet of water frontage, a large deck, pool, and tanning beds, the listing says.
Todd Michael Glaser/Dina Goldentayer
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When asked why he decided to accept bitcoin for this project, Glaser said: "If Gucci accepts bitcoin, then Todd Michael Glaser will too."

When asked why he decided to accept bitcoin for this project, Glaser said: "If Gucci accepts bitcoin, then Todd Michael Glaser will too."
Photo by Gary Hershorn/Getty Image

"I think this would be a game-changer for the industry," the listing's realtor, Dina Goldentayer, told Insider. "As more methods of crypto conversion become popularized, and sellers become more comfortable with the process, buying and selling real estate with crypto is bound to become more common."

"I think this would be a game-changer for the industry," the listing's realtor, Dina Goldentayer, told Insider. "As more methods of crypto conversion become popularized, and sellers become more comfortable with the process, buying and selling real estate with crypto is bound to become more common."
The Miami Bull is shownWilfredo Lee/ AP
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The announcement comes amid a volatile week for bitcoin, which dropped 50% in value from its record-high on Thursday. But Glaser sees this as a potential upside for the listing as crypto holders may be looking to cash in and buy hard assets, he said.

The announcement comes amid a volatile week for bitcoin, which dropped 50% in value from its record-high on Thursday. But Glaser sees this as a potential upside for the listing as crypto holders may be looking to cash in and buy hard assets, he said.
A Bitcoin coin lies on a screen showing the BitcoinFernando Gutierrez-Juarez/picture alliance via Getty Images

Goldentayer believes the home will attract "a large family or a tech bachelor with an extended entourage who wants the highest level of luxury and privacy" and has a love for modern architecture.

Goldentayer believes the home will attract "a large family or a tech bachelor with an extended entourage who wants the highest level of luxury and privacy" and has a love for modern architecture.
Douglas Elliman's Dina GoldentayerCourtesy of Dina Goldentayer
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