Phoenix/ Real Estate & Development
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Published on April 24, 2024
Paradise Valley's Opulent Estate on the Market for $15M, Bitcoin AcceptedSource: Google Street View

In a bold move within the luxury real estate market, Bradley J. Robertson is shaking up Paradise Valley's Billionaire's Row by slapping a $15 million price tag on his 4.96-acre property, complete with plans for a grandiose mansion designed by the renowned Bing Hu. Robertson, who scooped up the vacant land for a record $9.4 million back in March 2022, is now ready to part with it—and he's willing to take Bitcoin for the deal. "There does seem to be a growing trust in digital currencies and Bitcoin for stable asset investments like this," David Larchez of Silverleaf Realty, the agent handling the listing, told ABC15.

Bitcoin has been on a tear lately, achieving historic highs just last month, which might sweeten the pot for potential crypto-investors eyeing Robertson's offer. The acceptance of Bitcoin could also bring a layer of privacy to the deal, a perk for the high-profile clientele who operate along Billionaire's Row. Larchez, while tight-lipped on revealing his client's identity, noted that the dynamism of Bitcoin's value means that a Bitcoin price for the transaction would be negotiated at the point of sale. "This seller almost completed the purchase using a mix of Bitcoin and cash when he bought the place," Larchez disclosed in an interview obtained by the Business Journal. "It ended up being a cash transaction."

The sprawling estate planned for the 5711 N. Yucca Road site in Paradise Valley is not just grand in its acreage but also in its luxuries. The architectural blueprints feature a mansion with 51,585 square feet of opulence, including amenities such as a theater, underground show garage, and even secret passageways. A health-conscious buyer would find the 100-foot pool, 2,076-square-foot fitness pavilion, and outdoor tennis pavilion particularly appealing. This turnkey property is being sold with hardscape plans, surveys, soils and well reports setting the stage for a future home that would be among the most extravagant in the region.

Despite originally planning to build his family's dream home on the site, Robertson has had a change of heart, opting to put the parcel up for sale. "He ultimately decided it wasn't the right move for the family," Larchez explained. Interested buyers with enough Bitcoin—or cash—to spare have the chance to snap up what could become one of Arizona's most exclusive residential addresses. As the luxury market continues to flirt with cryptocurrency transactions, this sale marks another milestone for digital currency's intersection with high-end real estate. With the design package included in the sale, the buyer will be getting not just land but a vision for an estate that promises excess in every sense of the word.

Phoenix-Real Estate & Development