Luxury Estate Specialist Johnathon De Young of Russ Lyon Sotheby’s International Realty Offers Extraordinary Luxury Condominiums for Sale Using Bitcoin, Ethereum or Cash
The Cryptocurrency Option Gives Buyers More Options in This New Digital Era
Luxury Estate Specialist Johnathon De Young of Russ Lyon Sotheby’s International Realty, Arizona’s leader in the luxury market, is pleased to announce the availability of four extraordinary condominiums giving buyers the option to pay in cash, finance or cryptocurrency, specifically Bitcoin or Ethereum. To date, only a small number of real estate transactions around the world have closed using Bitcoin or Ethereum, but some experts think it will be commonplace in a matter of a few short years.
While rare, the use of cryptocurrency is available to buy real estate in Arizona and around the world, when sellers are willing to accept it. Bitcoin is considered a form of property, of 
sorts, and like all real estate transactions, both the buyer and seller have to agree on the terms, and the currency that the parties will use. In this case, the currency happens to be a digital currency. There are nuances to this type of transaction, such as having a title company who is versed on how to process the transaction. Stewart Title, which has experience in Bitcoin transactions, will serve as the Escrow Company for the transactions.
“The seller realizes Bitcoin, Ethereum and digital assets, in general, are becoming a mainstream asset class. And it seems only appropriate for a substantial investment group to begin dipping its toes in what is likely some of the greatest financial innovation of our lifetime,” said Johnathon De Young, luxury agent with Russ Lyon Sotheby’s International Realty.
De Young is representing the Hudye Group, a family investment group who is selling a portion of its portfolio. The group is excited to accept cryptocurrency, as well as traditional cash and finance options. The condos will range from the mid $1 million to $6 million range.
“At Hudye Group, we realize that digital assets and cryptocurrencies are becoming more and more commonplace for investors and buyers around the world. We want to help facilitate a transaction that is mutually beneficial to all parties involved so we are extremely pleased that we can offer some of the finest in luxury high-rise condominiums for sale, with the flexibility that Bitcoin and Ethereum provide. These are properties that are highly sought after and will attract a wide range of buyers locally, nationally, and even internationally,” said Ben Hudye, of the Hudye Group.
The first luxury condominiums to hit the market include a penthouse unit and are located in the Optima Camelview Village in Scottsdale, Arizona. Ideally situated in a prime location in Scottsdale across from Scottsdale Fashion Square and near Old Town and the Entertainment District, the Optima Camelview Village offers state-of-art amenities and luxurious accommodations.
Ranging in price from the mid $1 million to the low $2 million range, these two bedroom condos are available turnkey furnished. The condos offer gourmet kitchens, high-end finishes including marble countertops, hardwood floors, floor to ceiling glass, spectacular views, private balconies and 24-hour access to the on-site amenities.
Click here to view all four listings
7157 E RANCHO VISTA DR 7010, Scottsdale, AZ 85251 $2,048,200
7157 E RANCHO VISTA DR 4007, Scottsdale, AZ 85251 $1,719,600
7157 E RANCHO VISTA DR 2012, Scottsdale, AZ 85251 $1,710,000
7151 E RANCHO VISTA DR 3001, Scottsdale, AZ 85251 $1,605,600
De Young says the market is extremely favorable right now for Optima Camelview Village sales and this type of transaction. “Inventory is very lean and there is a tremendous amount of demand right now for this type of product. When you combine the quality and desirability of these particular condos, along with the walkability, shopping, dining, ease to the airports, it is very well possible we could see our first real estate transaction in Scottsdale using a digital asset,” said De Young.
If you would like to contact Johnathon De Young you can reach him at Johnathon.DeYoung@RussLyon.com.
De Young has been consistently recognized as a top producer in the Lyon’s Elite category within Russ Lyon Sotheby’s International Realty, and is one of the top providing individual agents in the state. He was also recently ranked #21 in the Phoenix Business Journal Phoenix-Area Residential Real Estate Agents, #13 in America’s Best – Arizona – Individual by Sales Volume and in Phoenix Magazine’s Top Real Estate Producers – Gold Group.
For media inquiries please contact Jennifer Parks-Sturgeon at jparks-sturgeon@rosemoserallynpr.com or 480.495.3806.
About Russ Lyon Sotheby’s International Realty
Since 1947, Russ Lyon Sotheby’s International Realty has gathered realty craftsmen dedicated to the ideals of integrity and professionalism. From the ownership, management, agents, and affiliate services, every person involved in the company utilizes innovative skills, programs, and technologies to create the finest real estate services company to be found.
The mission of Russ Lyon Sotheby’s International Realty is to provide its clients with the most responsive personalized service attainable – nothing less will do. The environment within Russ Lyon Sotheby’s International Realty is unique in the industry. Seasoned management innovatively supports the efforts of the Company’s members to create a dynamic and inspiring atmosphere that invigorates and hones the skills of everyone involved.
Collaboration and networking are fostered to create a synergy that puts the whole company to work for every client. The artistic blending of proven traditions and state-of-the-art innovation is unsurpassed. These assets are positioned on a base of financial stability and corporate staying power.