This vast Sonoma estate for sale wants a Bitcoin offer

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Crypto Homes are a Growing Trend in Bay Area Real Estate

Anna marie erwert

July 31, 2021 Updated: July 31, 2021 4 a.m.

The wide-area Santa Rosahomes with swimming pools aren’t exactly unique in North Bay real estate, but when the buyer can pay for them in Bitcoin, things get interesting.

The property at 2600 Warrington Road in Santa Rosa offers over 17 acres. It includes a custom-built main house with a wine cellar, outdoor kitchen and swimming pool, as well as a separate, fully-equipped one-bedroom cottage with an office.

Listing agent Lisa Thomas told SFGATE that the decision to offer the house for $ 3.3 million in cash or Bitcoin came from the seller. “Our client is very familiar with Bitcoin,” she said. “We had to look a long way to find an escrow and title company that could handle this, but they are starting to evolve over time.”

Indeed, the idea of ​​”cashless” transactions, in which crypto trades hands instead of US dollars, is gaining ground in the Bay Area. Realtor.com just released a list of houses for sale that allow crypto that includes a house in San Francisco. It’s also a national trend, noticed and supported by large internet mortgage companies like Rocket Mortgage, where buyers can learn how to buy homes with cryptocurrency.

Thomas said she was unaware of any other crypto transactions to date in Sonoma County, but she expects that to change. “I think we’ll see a lot more [these transactions]Thomas said. “Those with digital currency need cash,” real estate provides.

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