Villa for sale for 15,000 Bitcoins

by Tan Liang Tuan Gigi 11 Nov 2014

Do you fancy views of the beautiful Mediterranean coastline with w Prime Minister as your next door neighbour? Then maybe it’s time to move to Caesarea for a slice of your very own paradise.

The difference – this property owner is offering his luxury villa for sale but wants the buyer to pay with the digital currency Bitcoin, valuing the property close to US$5 million.

The villa is located on the Mediterranean coast, in a quiet cul-de-sac in the exclusive Caesarea area, and boasts seven large bedrooms, five bathrooms and a safe room, not to forget the outdoor heated pool shaded by tropical palm trees.

The luxury property (pictured) was listed on BitPremier last week, a high-end website for ‘astute buyers in the Bitcoin community’, where shoppers can find everything from super yachts to vintage cars and private islands, all purchasable with the digital currency.

Potential buyers will be surrounded by the wealthy elite, including Israeli Prime Minister Benjamin Netanyahu and Valery Kogan, who has a cool net worth of nearly US$2 billion and is a close friend of Vladimir Putin.

Appearing on Israeli prime time television, the property’s owner, Eli, said: “I want to make history by selling my property for Bitcoins. Whether the price goes up or down, I’m prepared to take the risk.

“There are hundreds of Bitcoin early adopters who became multimillionaires literally overnight, and it’s burning a hole in their pocket.

“The location is not the normal place for a holiday home for anyone from outside Israel, but the Caesarea coastline is a hidden gem.”

Bitcoins are bought and sold on a peer-to-peer network independent of any central control. The currency’s cryptographic features make it attractive to the tech-savvy, and enable anyone to shop online without fear of censors or government regulation.

Dell, Virgin Galactic, Expedia and PayPal have also recently offered customers the choice to pay with the digital currency.

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