Lowa couple skipped $2.2M HGTV home in 2008. It's now listed for $11.5M
A Florida Keys home that was the grand prize for the 2008 HGTV Dream Home sweepstakes is back on the market for $14.9 million. The original winners opted for a cash payout, and the property has since been transformed into a luxury private resort.
Why it matters
The story illustrates the significant appreciation of luxury real estate over two decades and the evolution of sweepstakes-awarded properties.
Nearly two decades after it was awarded as the grand prize in HGTV's popular Dream Home sweepstakes, the iconic 2008 HGTV Dream Home in the Florida Keys has returned to the market, this time with a $14.9 million price tag.Originally unveiled as the grand prize in the long-running annual competition, the 3,200-square-foot waterfront home was valued at $2.2 million in 2008. It was won by Iowa couple Stephanie and Tommy Dee, who chose to take the cash equivalent of the prize instead of moving into the property.From Dream Home to private resortSince the giveaway, the home has changed hands twice. It was first sold in 2009 before being purchased again in 2021 for $8 million.
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