HGTV's Texas 'Dream Home' sold at auction - Brownsville Herald: Valley

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HGTV's Texas 'Dream Home' sold at auction

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Posted: Monday, January 14, 2008 12:00 am

TYLER, Texas (AP) - A 5,500-square-foot lakefront home awarded in the Home & Garden Television "Dream Home" sweepstakes in 2005 has sold at auction for $1.3 million.

Rick Mullins of Dallas won the one-acre property on Lake Tyler after bidding began Saturday at $5 million. The tax-assessed value of the home is $1.85 million, according to city records.

The original winner of the house, Don Cruz, said he put the home up for auction after he couldn't keep up with steep income and property taxes. Many other "Dream Home" winners in previous years have also been forced to sell their prize because of the financial burdens of the lavish properties.

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