Vegas Mansion Could Go for $8M—in Bitcoin
Plan adds 'some notoriety' to offer: developer
By Newser Editors and Wire Services
Posted Dec 14, 2013 4:15 PM CST
This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah.   (AP Photo/Rick Bowmer, File)

(Newser) – A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal. Jack Sommer says he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who've been involved in making and trading the currency. "The advantage is that we're expanding our market and adding some notoriety," Sommer says.

Sommer's sales agent says the home—which includes marble from China, Iceland and Brazil, a full basement, staff quarters with Jacuzzis, and a secret garden—may be the first in southern Nevada to be marketed formally around bitcoin. A Canadian man listed his Alberta home for the bitcoin equivalent of $405,000, and a Tesla recently sold for 91.4 bitcoin. Using the currency can streamline international business deals, says a bitcoin expert. "There are a bunch of people who have bitcoins, and they're dying for a place to spend it," Julian Tosh tells the Las Vegas Review-Journal.

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Showing 3 of 19 comments
Dec 15, 2013 10:58 AM CST
Market is so bad here, may have to accept Bitcoin to get my crib sold.
Jon Q. Publix
Dec 15, 2013 9:47 AM CST
The obvious problem with bitcoin is the fact that it isn't tied to anything in the real world. It is strictly free floating and market driven which makes it more vulnerable to manipulation and volatility. Most national currencies are at least somewhat anchored by the fact that they are "legal tender" and tied to the economy of the minter.
Dec 14, 2013 9:49 PM CST
"There are a bunch of people who have bitcoins, and they're dying for a place to spend it" .... Hence the problem for bitcoins......