Three years after construction and hundreds of series replays later, the HGTV Dream House that sits atop Stringer’s Ridge is once again up for sale.
The 7,800-square-foot residence – built by general contractor B.R. Smith for his daughter, Kelli Smith, and her then-fiancé James Ladd – was initially meant for the newly engaged couple, but after 18 months of construction and taping, the pair broke off the engagement. The house went on the market in 2007 shortly after the TV show wrapped, but when it didn’t sell, Kelli Smith decided to move into it on a trial basis, her father said.
“It’s too large of a home for one person, so that’s the reason for selling it,” B.R. Smith said of the five-story house.
About two weeks ago, the five bedroom, 41/2 bathroom house went back on the market, with an asking price of $1.2 million – down from $1.35 million when it was for sale in May 2007.
B.R. Smith said with the resurgence of banks’ willingness to back jumbo loans – mortgage loans greater than $417,000 – the down housing market and recession won’t have much of an impact on selling the house.