Sometimes, on a small number of projects, and almost never in the way people imagine.
This page explains how the mechanism works in general. Whether a particular developer will consider digital assets is decided case by case and changes. Contact the desk at Miami Dossier for the current position on any building we cover.
The image most buyers have is a transfer: coins move, keys change hands, the apartment is yours. That is not how a Florida real estate closing operates, and it is not how the developers we deal with operate either.
In the large majority of transactions, digital assets are converted to US dollars before they touch the purchase. The conversion happens on your side, through an exchange or a private banking relationship, and what arrives at the closing table is a wire in dollars like any other.
This is not a technicality. Almost everything that makes a crypto purchase complicated happens during the conversion step, not during the property purchase itself.
It is not a standing policy anywhere. It depends on the developer, on the escrow agent they use, on the size of the transaction, and frequently on the specific asset involved. A project that considered it last quarter may not this quarter.
Because the position moves, we do not publish a list. A stale list is worse than no list, and a buyer who plans around one is planning around something that has already changed. What we do instead is check the current position on a specific building when someone asks.
Conversion. Moving from a digital asset into dollars is generally a taxable event in the United States, and the timing of it matters. This is the part buyers most often think about last and should think about first.
Escrow acceptance. The developer is not the only decision maker. The escrow agent and the title company have their own compliance requirements, and either can decline funds they are not comfortable with even when the developer is willing.
Source of funds. Every closing agent has to document where money came from. Funds with a long, documented history on a regulated exchange are straightforward. Funds that moved through several wallets shortly before closing are not, and that is a delay you do not want discovered two weeks before a deposit is due.
Speak to your tax adviser about the conversion before you commit to anything. Establish or confirm the banking relationship that will hold the dollars. Then look at buildings, with a clear picture of what you can actually deliver and when.
Doing it in the other order, choosing a building and then discovering the funds route takes six weeks, is where deals fall over. Preconstruction deposits fall due on dates set in the contract, not on dates that suit your funds.
General articles about crypto and real estate are abundant and mostly useless, because the position that matters is set project by project and changes. Contact the desk at Miami Dossier and we will check the current position on any building we cover, including when the answer is no. Where a question is legal, tax or compliance, we introduce you to advisers who handle that properly rather than answering it ourselves.
The general mechanism is stable. The project-level answer moves, and it is the one your transaction depends on. Contact the desk at Miami Dossier and we will give you the current position on any building we cover, including when the answer is no. Where a question is legal, tax or compliance, we introduce you to advisers who handle that properly rather than answering it ourselves.