Dream Home for Sale: Once a $2.2M Prize, Now $14.9M

The iconic 2008 HGTV Dream Home, located in the Florida Keys, has reappeared on the market with an asking price of $14.9 million. This property was initially the grand prize in HGTV's long-running sweepstakes, valued at $2.2 million when it was awarded nearly two decades ago. The fortunate winners, an Iowa couple, chose to accept the cash equivalent rather than take ownership of the home.

Since its time as a sweepstakes prize, the residence has undergone two sales, the latest in 2021 for $8 million. The most recent owner has since meticulously transformed the estate into what is described as a private resort. The property now encompasses a main house with two bedrooms and two bathrooms, a separate guesthouse with three bedrooms and three bathrooms, and a media house complete with a two-car garage and its own bedroom and bathroom.

All three structures are oriented towards a expansive backyard, which boasts a 100-foot swimming pool and a cabana. The HGTV Dream Home sweepstakes has a long history, with homes built in diverse locations across the United States since 1997. The 2026 Dream Home, valued at $2.4 million, was situated on the shores of Lake Wylie near Charlotte, North Carolina.