Grant Cardone, a bigshot in the property world who’s often doubted the usual worth of owning a house, is in the news again. He’s put his fancy beach house on the market for an eye popping $42 million. The home was bought from fashion bigwig Tommy Hilfiger in 2021 at $28 million. It’s current sale shows that Cardone’s priorities in investing are changing.
A Look at High End Home Features
This mansion, located on 605 Ocean Boulevard in Golden Beach, Florida, isn’t just spacious. It has premium qualities that scream luxury,
- About 13,000 square feet of space makes up the living areas.
- It has seven bedrooms and twelve bathrooms, perfect for hosting both family and fancy events.
- An infinity pool and 100 feet of your own sandy beach offer a private spot by the sea.
- The topnotch kitchen is just one detail. The kitchen boasts topnotch Subzero and Gaggenau gadgets, drawing in those passionate about cooking. The home now features an expansive 5,000 square foot deck. Inspired by the lavish Four Seasons hotel, complete with lots of room for hosting guests.
Grant Cardone and his wife, Elena, have poured money into major exterior upgrades. This has shot up the mansion’s worth, making it an even more attractive high end home.
From Bricks to Bits, Cardone’s Move from Real Estate to Crypto
Grant Cardone is selling his fancy home as part of a strategic shift toward investments that are more liquid and can potentially yield bigger profits. On social media site X, he shared his thoughts, “Having BTC or adding more apartment buildings to my portfolio beats putting all my eggs in one basket with a single property investment.” He’s clearly taking a big leap from traditional property investing to jumping on the cryptocurrency bandwagon.
Cardone’s interest in Bitcoin kicked off in 2018 when he got paid with the digital coin for a talk he gave. Since that time, Bitcoin’s worth has shot up a lot. Cardone thinking about putting more money into it because it’s gone up in value so much and could give a big payback.
Why Multifamily Properties?
Even though he’s looking at digital currency, Cardone is still very much into investing in apartments that house several families. He likes these investments for a bunch of reasons,
- You get steady money coming in from rent.
- A lot of people always need places to live, so this keeps things solid even when the economy isn’t great.
- The worth goes up since more folks are moving to cities and need homes.
Cardone is totally convinced that investing in places where lots of families can live together. It makes sense, especially when times are shaky economically, because they’re good for getting steady cash.
Making the Most of Market Timing
“Now’s the time to put your money where it can grow more,” said Cardone, pointing out that both the booming crypto market and steady gains from apartment buildings are good places to invest. Selling his beach house isn’t just getting rid of something. It’s a smart move to make his investments do better.
Adding to this shift in how he invests, Cardone’s brother, Gary, also put up his own place by the water in St. Petersburg, Florida for sale for 242 Bitcoin. This shows that using digital currency for buying and selling properties might be becoming a common thing in the Cardone family.
Looking Ahead
The way people invest is changing fast because of new technology and changes in how markets work. Grant Cardone selling his house might be a hint that things are changing for investors everywhere. He’s showing us we should spread out our bets not just across different kinds of assets but also through different approaches to investing.
Diversifying investments with different types of assets, such as digital currencies, showcases a changing mindset towards managing wealth that might shape how we invest in the years ahead.
Celine Brooks is a renowned journalist and author specializing in cryptocurrency and blockchain technology. She holds a Master’s degree in Economics from Harvard University and is very passionate about Crypto. Celine regularly hosts webinars and workshops, sharing her insights and forecasts about the evolving digital currency landscape. She is also an active contributor to several leading financial and tech publications, where she breaks down complex crypto trends into understandable insights for everyday investors.