Tuesday, September 12, 2006

Lake Lure 'Dream Home' becomes a nightmare

HGTV's coveted "Dream Home" may be more of a nightmare for the man who won it.

Donald P. Cook was one of 40 million who entered the contest to win the beautiful new home in Lake Lure. But according to published reports, the house has become a "tax nightmare."

Shocker.

"Cook won a $3 million-plus house in HGTV's Dream Home promotion in April. While the 5,700-square-foot house was free, Cook has to pick up the tax bill.

"He said taxes on the North Carolina lake house run $19,396.64 a year, plus maintenance costs.

" 'It's a dream that anyone would love to have — owning a house like the Dream Home,' he told HGTV. 'But then reality sets in.'

"He said the electric bill on the dream home is more than 10 times what he currently pays."

The article goes on to say that Cook will sell the house even though he loves the area. He plans to take the money from teh sell and buy a house "a little more his style" in the area.

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