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Austin-area man hits the jackpot with HGTV Dream Home

Kyle couple wins a $2.85 million home and cash bundle as part of HGTV's Dream Home sweepstakes. (Realtor.com)

Jeff Yanes of Kyle, TX was one-in-136 million when he was chosen as the winner of HGTV's Dream Home. The catch? The house is in Portsmouth, Rhode Island.


Yanes won the fully-furnished home, a $250,000 cash prize and a 2021 motorhome from Camping World after entering in the sweepstakes multiple times over the course of five years. HGTV's ambush crew underwent a virtual interview with Jeff and his girlfriend, Jody, who thought they would be on a show about HGTV fans. The two were shocked to learn they had actually won.

"I didn't think it was true. I thought someone was messing with me," Yanes told HGTV.

Jeff Yanes and girlfriend Jody couldn't believe that they had won the HGTV Sweepstakes. (HGTV.com)


As it turns out, Yanes isn't ready to leave to leave the Hill Country behind. He instead decided to take the $750,000 cash prize given to winners who do not want possession of the winning home.

That leaves the Cape-Cod style home now on the market for a cool $2.39 million. The home's price includes all of its appliances, nautical decor and red-white-and-blue furnishings, pushing its value up to 2.8 million. The home's nautical design reflects its location on the bank of the Sakonnet River.

Yanes, an independent contractor who owns a bread delivery route to Austin-area grocery stores and restaurants, helped deliver food as an essential worker during the pandemic. He and Jody may not be packing their bags for the Northeast, but they do admire the nearly 3,500-square foot home, especially its rooftop deck.

"It's everything you could want in a house, (so) it's hard to pinpoint one room," Yanes said. " (But) the rooftop deck overlooking the river (is a great place to) have a cold beverage or cup of coffee."

Take a look at the aptly-named dream home here:

HGTV's 2021 Dream Home

The rooftop deck was Jeff's favorite part of the home, complete with a wet bar and river views. (Realtor.com)

Popular

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.