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Re:

How Much Did the Fixer Upper Lake House Sell For?

The Gaineses’ Lake Waco house was reported sold, but no verified sale price is available. Reddit users cite $990,000 without independent confirmation.
From TheFinanceBase Team2 min to read
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The exact sale price of Chip and Joanna Gaines’ Lake Waco house has not been publicly confirmed in the available reporting. Realtor.com reported in June 2024 that Magnolia Network confirmed the house had sold, but said the sale details were not shared. Reddit users cite $990,000; that figure remains unverified.

What is confirmed about the sale?

In a June 10, 2024, report, Realtor.com quoted a Magnolia Network representative saying, “They bought the Lakehouse with the intention of flipping it, and they have sold it.” The representative was not named. Realtor.com also said the sale details had not been shared at the time of publication. Read Realtor.com’s report.

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That establishes that the Gaineses sold the property, according to the network representative. It does not establish the closing price.

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Why Reddit says $990,000

A commenter in an r/HGTV discussion posted June 3, 2024, wrote that the house “finally sold for $990,000.” Other commenters discuss an alleged May 3 transfer, possible family ownership, and a $1.3 million tax assessment. Those are Reddit users’ claims and interpretations, not independent confirmation of the amount paid at closing. See the Reddit discussion.

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A tax assessment is not the same thing as a sale price, and a reported transfer does not by itself establish what a buyer paid. The Reddit thread does not resolve those distinctions or verify that $990,000 was the transaction consideration.

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Which house are they talking about?

The property is the Lake Waco home featured in Fixer Upper: The Lakehouse. Realtor.com described it as a five-bedroom, five-bathroom house measuring 5,100 square feet and overlooking the lake. Its June 18, 2024, article discusses the property and renovation, but does not give a sale price. Read Realtor.com’s property coverage.

Can the sale price or profit be calculated?

Not from these sources. Realtor.com confirmed the sale but reported that details were not shared; the Reddit figure is not independently verified. The reviewed sources also do not establish the renovation cost or the precise nature of any ownership transfer. As a result, neither a reliable closing price nor a profit-or-loss calculation can be made from the available information.

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