A tech entrepreneur, John Sweeney, who made his fortune during the dot-com boom is putting his waterfront property in Tiburon, California on the market for a cool $3.6 million — payable in bitcoin.
“I believe Bitcoin is going to change the world, and I’m ready to demonstrate my confidence by accepting the digital currency as payment for my one-of-a-kind home,” said Sweeney, who has since relocated to his own private island in the Sacramento Delta.
Marianne Bordogna with Keller Williams Realty in Danville, California sprinkles in all of the details:
“John’s home commands sweeping and unobstructed west-facing views of Richardson Bay, the Golden Gate Bridge, Mount Tam and Sausalito,” she said. “Built in 2005, the home features an open floor plan with custom radiant heat concrete floors, designer kitchen with bamboo cabinets, marble countertops, high-end appliances and breakfast bar; three bedrooms, each with private marble/tile bathrooms with heated floors; a powder room, patios, decks, BBQ/lawn areas and a five-car garage with glass doors to showcase the owner’s automobiles. The home, which sits on 30 concrete piers to bedrock 60 feet below, is Feng Shui correct, and utilizes bamboo and other ‘green’ materials throughout.”
Sweeney joins a growing list of property owners willing to part ways with their real estate for digital currency.
“There have been a number of multi-million-dollar purchases using Bitcoin, but not many on the residential real estate side,” he says. “As more real estate transactions are consummated using Bitcoin, this revolutionary currency will continue to gain credibility, with websites such as www.xapo.com and www.coinbase.com leading the way in secure Bitcoin transactions. I want to be on the leading edge of that.”
“I’ve enjoyed the home for many years, and it’s time for someone else to take advantage of the great weather, fantastic views and overall ambiance it provides,” he adds.
“No expense – in dollars – was spared in building the house, and now it’s time for me to turn my investment into additional Bitcoins.”