Miami has seen tremendous growth in the technology and real estate world, and this newly annouced collabortion combines it all. Meta Residence and ONE Sotheby’s have announced the first-ever MetaReal Mansion. Together, the two are working to build and sell the first-ever real-world mansion, through NFT technology.

The home is located on a 1-acre property, with 7 bedrooms and 9 bathrooms, across 11,000 square feet. Voxel Architect is spearheading the architectural design of the project.

The purchaser of the NFT will also own the rights of the physical home, making itself the ultimate real estate purchase. The beautiful Miami home will also live in the Sandbox metaverse with an virtual mirror of the physical property.

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Gabe Sierra, President of the joint venture expressed, “We are building a rare lifestyle experience that blurs the lines between the metaverse and reality,” Sierra continued, “Never before has a project like this been delivered, and we are proud to offer the buyer of this NFT a once-in-a-lifetime opportunity to own the first MetaReal mansion ever created.”

ONE Sotheby’s International Realty’s Michael Martinez is the sales agent for this first-of-its-kind project and plans to complete this purchase on the Ethereum blockchain.

As one of the top agents at ONE Sotheby’s International Realty, Martinez has an extensive background in the Miami real estate scene and is excited about this unique initiative. “Being able to leverage my expertise to pair a homeowner with real and virtual property is something I never imagined being a part of, it’s exhilarating,” said Martinez, “We look forward to finding a buyer for this spectacular property and being involved in a momentous deal in this new era of homeownership.”

In addition to this home, the joint venture has also purchased a 40-acre equivalent space in the Metaverse, for future projects. These projects may include homes, commercial properties, marketing and gaming elements.

Without exact details being publicized, the home is set to list for auction in 2022, with an undisclosed price.

Daniel de la Vega, president of ONE Sotheby’s International Realty expressed that the company prioritizes pushing boundaries and evolving with the industry. “This deal represents a bold move to support our clientele where the real and virtual worlds converge, and we look forward to presenting the property to our unrivaled global network,” he said.

With Miami at the forefront of the vast evolving technology scene, there is no better city to launch such an exciting project.