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The co-founder of a blockchain company paid $5.2 million for a unit at Regalia in Sunny Isles Beach, well under its previous trade price.

Alexander Nabutovsky, co-founder of QuikNode, a blockchain infrastructure firm based in Sunny Isles, closed on unit 29, for $1,179 per square foot. Property records show Regal29LLC, managed by Alberto Guzman, sold the four-bedroom, 5,515-square-foot condo.

Read More at The Real Deal:

Blockchain firm founder pays $5M for Regalia condo

Regalia is considered one of the most luxury condos in Miami and is located in the last piece of land in Sunny Isles Beach, having borders with Golden Beach neighborhood, another luxury community in Miami. For years now Regalia rivals with Porsche Design Tower in Sunny Isles Beach Both buildings are considered to be the most luxury beachfront condos in Florida.

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