If it was a strategy to drum up a little bit of free publicity for the condo listing, it worked. CNBC profiled the listing, turning to online real-estate site Redfin for some insight into how unusual it is to accept bitcoins – and no other form of currency – for a piece of real estate: It’s not unheard of for sellers to accept bitcoins, but the unusual thing about this listing is that no other forms of currency are being accepted, at least not as of this writing. At the moment, the listing has a $525,000 asking price, which is almost 37 bitcoins, but since Bitcoin’s value is fluctuating all the time that may be a rough price estimate and not a price increase over the aforementioned 33 bitcoin price. While Bitcoin has been used in real estate transactions in the past, CNBC reports that this would be the first time such a significant sum would be directly exchanged for a piece of real estate, rather than being converted into cash in order to finalize the purchase.
