Leslie Alessandra
Seller
Florida – the home of the first US real estate NFT
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Here is what you
need to know
- It’s historic for both the real estate and the blockchain industries
- It’s a Florida-based investment property
- You will own a U.S. based entity that owns the property
- The NFT = ownership rights and it will be stored in your crypto wallet
- The sale will happen via blockchain auction, and the starting price is $650K. Here is a reminder of our first auction
- It is NOT FRACTIONAL ownership
- It’s a DeFi asset, that can be borrowed against
About the Sale
Spanish-inspired estate located in the exclusive neighborhood of the artsy and charming Gulfport, Florida.
- 5 bd
- 3.5 ba
- 2,162 sqft | 7,405 sqft lot
Sold for: 210 ETH ($654,309)
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This stunning property boasts 4 bedrooms, 2.5 baths with an additional separate 1 bedroom, 1 bath garden suite. The grounds are beautifully landscaped with a garden area, wood trellis, and a relaxing firepit. It's fully fenced with 3 arched gates. The guest garden suite is separated from the main living quarters allowing for privacy and quiet enjoyment.
Location is ideal: just minutes away from the sugar-white sands and warm waters of the Gulf of Mexico on St Pete Beach. The great thing about St Pete Beach is that you can enjoy surfing, paddleboarding and other water-based activities. This destination beach was ranked #1 in the U.S. by Tripadvisor in 2021!
About the NFT
This unique collectible NFT includes:
- Access to ownership transferred paperwork.
- The property picture.
- NFT mural by the local artist Derek Donnelly “Saint Paint” / @saintpaintarts
About the seller:
Leslie Alessandra is a Florida native who co-founded Defi Unlimited and Alloy Design & Development. She actively invests in both real estate and cryptocurrency and believes in the benefits of blockchain technology for both industry efficiency and humanitarian causes.
Her purpose and passion are to help children and families in need around the globe. She has traveled internationally supporting the abolishment of child sex trafficking and has helped provide medical care to rural areas. Leslie currently spends her time residing between St. Petersburg and Ft. Lauderdale, FL. She hired an agent with Hekler Realty to represent her, and Propy to mint the NFT and auction it out.
TechCrunch:
Propy launches NFT platform in the US, allowing real-world property to be bought as an NFT
Why Would Someone NFT Their Property?
Crypto adoption and easiness of a transaction
The interest in real estate from the crypto community will be driven by the common desire to transact easily on-chain using cryptocurrency. A crypto holder most likely will invest a small percentage of their returns into any tangible real world asset if the process is crypto-friendly and simple. This is exactly what the NFT-enabled sales process offers.
Collectible real estate
The initial use cases might be driven towards assets most relatable to collectibles before mass adoption of NFTs in the real estate industry more broadly. Trophy real estate is incredibly high in demand, but also short in supply. Its risk/return ratio is more optimized than other real estate assets. Typically located in super-prime or prime locations, these assets are generally a status symbol with well-known name recognition, a landmark, or an iconic building located at a prestigious prime address with strong underlying property fundamentals such as unique and distinctive design architecture, the finest construction, or the highest quality finishes available on the market.
Trophy real estate owned by celebrities, or in prime location, or with unique digital art and architecture can be regarded as a collectible. The level of pride of ownership is very high, and the purchased price is almost irrespective of the trading potential of the property, just like with other collectibles.
