Tag Archives: Cryptocurrency

And For Just A Few Bitcoins More, We’ll Throw In the Chandelier

Last May, I published a real estate listing.

It wasn’t my new side gig. What made the 5 Ridgewood Road property “06880”-worthy was the price.

You could snag the 5-bedroom, 4 1/2-bath, 4200-square foot home off North Kings Highway for just 250BTC. Or 3,030ETH.

Those aren’t typos. That was the cryptocurrency price.

“Be the first to make a Blockchain Home purchase,” the New York Times said.

5 Ridgewood Lane is off North Kings Highway, between Wilton Road and Old Hill.

This week, the house finally sold.

The buyer paid $1,510,000. The listing price — once it was changed to dollars — was $1,588,000.

Alert “06880” reader David Loffredo notes that when the home was first marketed at 250 bitcoin, BTC was $8,333. That equated to a little over $2 million.

Today, David says, BTC is $3,752. So the owner would have less than $1 million of it in the bank, had he or she accepted the cryptocurrency and held onto it.

Which, he adds, “so many of them do. They remember when it was closer to $20K.”

The moral of the story?

All that glitters is not gold.

Today, Westport’s Real Estate Market Changed. Forever.

It’s a typical Westport real estate listing:

“5 beds, 4.5 baths in 4200 sq ft on a quiet cul de sac street close to train, shopping, restaurants in a town that offers a progressive lifestyle.”

5 Ridgewood Lane is off North Kings Highway, between Wilton Road and Old Hill.

But the rest of the write-up for the 5 Ridgewood Lane home is unlike anything you’ve ever read:

Currently accepting CRYPTOCURRENCY. Climb into your very own Crypto Cryb in NYC’s backyard and diversify your portfolio. Blockchain Homes presents its first residential property to be offered for purchase in cryptocurrency. Bring your Bit Coin or Etherum to the one and only Westport, Connecticut modern farmhouse designed and inspired by the crypto climate of a cutting edge lifestyle…. Be the first to make a Blockchain Home purchase.

So how much does it cost?

“250BTC or 3,030ETH.”

That sound you just heard is thousands of local realtors going, “Oh. My. God.”

(Click here for the full New York Times listing. Hat tip: Peter Blau)