HGTV Dream Home Wikipedia

Table of Content

• The HGTV Dream Home 2019 Is A Modern Mountain Escape
• HGTV Dream Home
• The winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax bill
• The HGTV Dream Home 2019 Is A Modern Mountain Escape
• The winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax bill
• The winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax bill

In case the house needed anything else to be amazing, there’s a bonus room with a seriously unique vintage ski wall and stylish Mid-century modern wooden chairs, a mud room, a laundry room, and even a pet nook for your best friend. Every year HGTV builds an incredible, jaw dropping, thoughtfully-designed house for one lucky winner to call their own and we finally know what the 2019 house looks like. Don’t forget to mark your calendars—the sweepstakes to actually win the home begins on December 28th at 9 am EST.

For instance, as CNBC previously reported, the winner of Wednesday's $768.4 million Powerball drawing is likely to pay more than $200 million back to the government in the form of federal and state income taxes. The estimated federal income tax bill on the $2.3 million prize package that Fulkerson won would be about $789,140, according to Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting. On the first floor you’ll find the master bedroom which features exposed beams and French doors leading to a balcony with outdoor seating. For the other members of the family there are two bedrooms to choose from—a bright red retreat complete with a color-coordinated library, and a cute western-themed bunk room with mismatching chairs and a whole collection of cowboy hats. Inside, the home features a charcoal gray open-concept kitchen with state of the art appliances, including a plate warmer, that leads into a chic great room complete with an industrial sheet metal fireplace and huge floor to ceiling windows.

The HGTV Dream Home 2019 Is A Modern Mountain Escape

And, that's not even including the additional state income taxes, which Wolters Kluwer senior state income tax writer and analyst Tim Bjur estimates would be a little more than $105,937 in Fulkerson's home state of Indiana. Fulkerson would also likely face local property taxes on her new Montana home of more than $12,600 annually, according to Wolters Kluwer senior state tax writer and analyst Bernita Ferdinand. The latest lucky winner of cable network HGTV's Dream Home 2019 contest is Beverly Fulkerson, a former preschool teacher from Osgood, Indiana. Fulkerson recently won a $2.3 million package that includes a newly remodeled and fully furnished home in Whitefish, Montana, along with $250,000 in cash from Rocket Mortgage by Quicken Loans and a 2019 Honda Pilot Elite SUV. The HGTV Dream Home is the American cable network Home & Garden Television 's annual project house and sweepstakes, held since 1997. The sweepstakes commences with a January 1 television special showcasing the fully furnished, custom-built home valued in excess of one million dollars; viewers are invited to enter online.

The stunning mountain retreat was designed by Brian Patrick Flynn and Timber Forge Design and lies nestled in the middle of where else but rugged Montana. A lodge-style property, the Dream Home boasts an outdoor patio complete with a fireplace, dining area, and breathtaking views of the surrounding nature. In case that’s not enough, there’s also a huge deck with cute rocking chairs and a hot tub so you can relax after a long day of obsessing over your beautiful home. If Fulkerson does choose the cash option from the contest, then her haul would be valued at just more than $1 million, including $750,000 in cash, along with the $250,000 from Rocket Mortgage and the Honda SUV.

HGTV Dream Home

HGTV launched its Dream Home contest in 1997, when the network gave away a mountain home in Jackson Hole, Wyoming. And that is likely why so many of the Dream Home contest's previous winners have either sold their prize home or opted for the lump cash option in the first place. Most of the Dream Home winners have sold their prizes, largely because of the accompanying property tax bills, and as of 2006, only two winners had lived in their houses. Fulkerson's name was picked out of almost 135 million entries to land the 3,650-square-foot house located in a Rocky Mountain resort town that features skiing and a lake near Glacier National Park. The three-bedroom house, which HGTV describes as "mountain modern," includes a floor-to-ceiling windows and an outdoor patio with a fireplace and hot tub.