Cover The real-life home in the exclusive Pinecrest neighbourhood in Miami. Photo: 1Oak Studios
The real-life home in the exclusive Pinecrest neighbourhood in Miami. Photo: 1Oak Studios
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Described as a tropical modern estate, the luxury home is now open for viewings, both in the real world in Miami and virtually in the Sandbox—in the “first-ever open-house in the metaverse”
Meta Residence One, the world’s first real-life NFT mansion, is now on the market for US$13 million.
The seven-bedroom, nine-bathroom luxury home, which sits on a 47,480 sq ft lot and has 8,263 sq ft of interior space, is located in the coveted Miami suburb of Pinecrest, while its 1:1 virtual equivalent is in the Sandbox in the metaverse. The properties are for sale on the blockchain through a live auction via Miami-based One Sotheby’s International Realty, which will begin on April 19. The winning bidder will have ownership rights to both the brick-and-mortar home and its virtual counterpart.
Read more: How to build in the metaverse, according to architects
Above The brick-and-mortar luxury mansion, pictured, is located in a prestigious area in the Miami area. Photo: 1Oak Studios
The brick-and-mortar luxury mansion, pictured, is located in a prestigious area in the Miami area. Photo: 1Oak Studios
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The project, unveiled in early 2022, is the first of its kind in the world. It is a joint venture between One Sotheby’s and NFT firm Meta Residence, also Miami-based; along with virtual reality specialists Voxel Architects, which is based in Madeira.
In case you missed it: How This Artist Created a World of Imaginary 3D Architecture—And Sold It As NFTs
Above The real home's gardens. Photo: Metaresidence
Above The metaverse home. Photo: Metaresidence
The real home's gardens. Photo: Metaresidence
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Above A photo of the real home's façade. 1Oak Studios
A photo of the real home's façade. 1Oak Studios
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Described as a tropical modern estate, the home boasts sprawling living spaces, as well as a wine cellar and wet bar in its kitchen.
The open-plan kitchen, which comes with state-of-the-art appliances. Photo: 1Oak Studios
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The master suite comes complete with a sitting room, walk-in-closets and spa-inspired bathroom, which features a soaking tub.
Above An indulgent soaking tub in the real home. 1Oak Studios
An indulgent soaking tub in the real home. 1Oak Studios
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In the garden, features include a resort-style private pool, summer kitchen and covered terrace. There is also a guest house with a separate entrance and garage.
Above The real home has plenty of natural light. 1Oak Studios
The real home has plenty of natural light. 1Oak Studios
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Drone footage of the real home. Photo: 1Oak Studios
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“Being a part of this unique experience and watching it come to life, both physically and in the Metaverse, is exhilarating,” says One Sotheby’s International Realty vice president Michael Martinez, who is one of two agents listing the property. “The similarities between the virtual and real-life counterparts are impressive, and the future owner of the property is getting a one-of-a-kind residence.”
Exploring the virtual home., Photo: Metaresidence
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“With real estate being one of the most traditional industries in today’s world, I am very passionate about combining it with more technology, specifically blockchain,” adds Kiki Rutten, global real estate advisor at One Sotheby’s International Realty, who is co-listing. “I envision the future of real estate to be quick, fast, simple and secure.”
Andrea Lo was the Executive Editor of Tatler Hong Kong and Editor of Tatler Macau.
Born in Canada and raised in Hong Kong and England, she started her career in journalism in 2012.
Follow her on Instagram @andreastephenielo.
