Inside a $27.5M Houston Mansion You Can Buy With Bitcoin – Robb Report

For these crypto lovers frightened about Bitcoin’s volatility over the past month, we’ve discovered a resolution to ease your ache: purchase a mansion.

A lavish, all-brick house positioned on one acre in certainly one of Houston’s most upscale neighborhoods recently hit the market for a whopping $27.5 million—and its proprietor is open to Bitcoin as a type of fee, in response to actual property brokerage Douglas Elliman.

The Tudor-style five-bedroom, five-bath house on River Oaks Boulevard was inbuilt 2005. The place welcomes you into a 12,000-square-foot residing space, previous which you’ll discover 5 wood-burning fireplaces, a health club, a house theater, a library, a number of walk-in closets / dressing rooms and an underground wine cellar with house for tons of of bottles. Elsewhere on the property, facilities embrace a six-car storage, koi pond, pool and a spa.

The house at the moment belongs to distinguished Houston lawyer and one-time mayoral candidate Tony Buzbee who, along with his then-wife Zoe, bought the place in money in 2013, in response to The Wall Street Journal. A mainstay within the Houston space, Buzbee ran for mayor 2019 (he misplaced to Sylvester Turner), and as a high-profile legal professional represents such shoppers because the almost two dozen girls who’ve filed sexual assault and harassment lawsuits towards Houston Texans quarterback Deshaun Watson. (His agency can also be representing the greater than 125 victims looking for $750 million in damages after the Travis Scott live performance tragedy on the Astroworld Festival.)

Now, nonetheless, Buzbee is making information along with his transfer to “benefit from the market” with what’s at the moment one of many priciest listings in Houston. The relationship between Bitcoin and the true property market, although, isn’t precisely new: Over the previous few years, cryptocurrency has turn out to be a promising fee methodology in high-end actual property. In June 2021, for instance, a Miami-area penthouse sold for $22.5 million in what’s believed to be a report worth for a sale through crypto.

Were somebody to purchase Buzbee’s house in Bitcoin, it will smash that report. Interested Bitcoin traders could wish to take a minute to ponder the chance, nonetheless, because the cryptocurrency market’s current fluctuations have seen the value of a single Bitcoin plummet from report highs at $67,500 in November 2021 to as little as $35,070 in late January. Even as Bitcoin continues its restoration run, it’s nonetheless seen a worth drop of 35 p.c since its highs, and experts say that 2022 may convey much more volatility.

If the danger and worth appear proper to you, although, you could possibly make off with fancy new digs in certainly one of Houston’s toniest zip codes.

Check out extra photos of the residence under: