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Roman Mansion For Sale in Cryptocurrency $42 Million

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The Crypto Palazzetto

Rick Hilton’s Hilton & Hyland company is listing a 17,000 square foot Roman mansion for nearly $42 million. According to TMZ, the auctioning of this famous house in cryptocurrency represents a historical first and sets a new precedent in the world.

The 16th-century property located in Rome, Italy is called The Palazzetto and was built by legendary architect/sculptor Giacomo Della Porta — a famous collaborator of Michelangelo. It’s also got five-stories — in case you’re in the market for more floors than you’ll know what to do with — to go along with its 11 bedrooms, 16 baths, and 3 kitchens.

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The Palazzetto also boasts a modern gym, spa, movie theater, and entertainment room.

Unsurprisingly, this property isn’t only purchasable in cryptocurrency. Wealthy individuals with enough fiat can also reportedly fork over the cash.

An Emerging Market

The Palazzetto isn’t the first property available for purchase with cryptocurrency, of course.

For roughly the same price, prospective homeowners could buy a 22-foot-wide, six-story, marble-and-limestone house at East 76th Street near Fifth Avenue in New York City. The prime piece of real estate was available for purchase with via Bitcoin, Ethereum, and/or Ripple.

In February, Washington, D.C.’s Coloma River Capital and the Alex Venditti Group of Coldwell Banker Residential Brokerage began accepting Bitcoin for down, partial, or full payment at four new properties in St. James Place Condos — each property have white oak hardwood floors, soapstone counters, stainless-steel appliances, and recessed lighting.

That same month, Ultimo lingerie tycoon Michelle Mone and her billionaire boyfriend, Doug Barrowman, sold out all 50 of their 1,300 Dubai developments available for Bitcoin.

Ireland’s largest home builder also began accepting Bitcoin for new properties this year, with the company’s managing director explaining:

Bitcoin is an innovative new payment method and essentially a new kind of money. It is very similar to a cash transaction. There has been a significant growth in the use of Bitcoin worldwide and our acceptance of this new channel reflects our willingness to respond to the market.

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