You Might Be Able to Buy This $16 Million Texas Home With Bitcoin

A tech investor asking $16 million for his Texas home and vineyard says he would consider letting buyers use bitcoin to pay for it.

The roughly 6.5-acre compound in the Austin suburb of Spicewood isn’t officially listed, but is being shopped off market, according to listing agents Jeff Burke and Kristen Fojtik of Douglas Elliman

The sellers are Vincent Sica, a commercial real-estate developer and tech startup investor, and his wife, Tracey Sica. They bought the land in 2018 for about $1.5 million and spent approximately three years building the compound, where they live with their six children, according to Mr. sica. He said they have decided to consider bitcoin as payment for the property because he is an active investor in cryptocurrency.

The property is located in Texas Hill Country, about a 30-minute drive from downtown Austin, Mr. Sica said. The family named it 8 Oaks Estate after planting an oak tree for each family member along the main drive into the compound, he said.

The compound spans about 10,000 square feet spread across a main house, two guesthouses, a party barn used as a game room and a stand-alone office. The main house has five bedrooms and a screened-in porch.

The house and barn are connected by a covered breezeway, Mr. Burke said. Another breezeway left the guesthouses.

The structures were designed to blend into the outdoors, with floor-to-ceiling windows and glass doors that open to balconies and patios, Mr. Sica said.

Outside, the grounds include an infinity-edge swimming pool and a tennis court and pavilion. A courtyard contains a fire pit, outdoor kitchen and stone dining table.

In the vineyard, Tempranillo grapes imported from California grow on roughly half an acre. The vineyard will be ready for its first harvest this year, the Sicas said, and is expected to produce enough grapes for 200 to 300 bottles annually.

The property is known as 8 Oaks Estate.


photo:

Brian Cole/The Eklund Gomes Team

The Sicas said they have decided to sell because they want to spend more time traveling and the market is strong, adding that they will soon be empty-nesters. Most of the furniture on the compound, with the exception of a few personal pieces, will be included in the sale. Their boat, a Formula 400 Super Sport they keep at a marina on Lake Travis, is also negotiable, Mr. Sica said.

The market in and around Austin has been booming with buyers from dense and expensive coastal markets in New York and California looking for more space, the listing agents said. Before the pandemic, the luxury market in the greater Austin area was already strong, Mr. Burke said, but growth has accelerated since its onset. The entry-level list price for a luxury home in Austin hit $2.34 million in 2021, up nearly 33% compared with 2020 home prices, according to Realtor.com.

write to Libertina Brandt at Libertina.Brandt@wsj.com

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Corrections & Amplifications
The photos credited to Brian Cole/The Eklund Gomes Team were incorrectly attributed to David Stewart/The Eklund Gomes Team in an earlier version of this story. (Corrected on Apr 8)

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