![]() ![]() ![]() HGTV, HGTV Dream Home, HGTV Dream Home Giveaway and their associated logos are trademarks of is a trademark of Discovery or its subsidiaries and affiliates. Sponsors of the HGTV Dream Home 2021 include Rocket Mortgage®, Wayfair, Belgard®, Cabinets To Go, Camping World, Cox Communications, Delta Faucet, Trex®, Government Employees Insurance Company, The Sherwin-Williams Company, LL Flooring, SimpliSafe Home Security, Sleep Number®, VELUX® No Leak Skylights. The open floor plan allows for an easy flow between the living room and the dining room, which lives off of the chef's kitchen that includes a large island, state of the art appliances and tons of storage. Upon entering the home, visitors are welcomed by high ceilings contributing to the greatness of the living room. The home is full of modern nautical design and rich colors that honor Newport's coastal New England charm, such as deep reds and blues, with neutral tones and pops of pattern. The HGTV Dream Home 2021 home is located in Portsmouth, RI, just 10 miles from downtown Newport, an idyllic seaside town known for its glamorous residents, rich history and grand mansions from America's gilded age. ![]() He has lived in the Austin, TX, area for a number of years and currently presides in Kyle, TX, with his girlfriend, son and yorkies, Zeke and Zeus. Yanes was greatly affected by the COVID-19 pandemic and while most businesses shut down, Yanes had to work tirelessly throughout the entire lockdown to ensure shelves were stocked and customers were happy. Yanes is an independent contractor supplying grocery stores and restaurants with baked goods, an essential need for many over the past year. "It's one of those things you just enter and never expect to win. ![]() "I didn't believe it was true," Yanes said about winning the HGTV Dream Home 2021. Yanes said he was attracted to the rooftop, including its waterfront views and full outdoor kitchen, ideal for entertaining his family and friends. Yanes entered the giveaway twice a day and has entered the HGTV Home Giveaways for the past six years. Yanes was randomly drawn from over 136 million entries to the sweepstakes, which lasted from Decemto February 17, 2021. The home was built and designed by local builder JPS Construction & Design with trend-setting interior design by Brian Patrick Flynn. The prize package also includes $250,000 from Rocket Mortgage® and a 2021 motorhome from Camping World. The prize package is valued at over $2.8 million and includes the brand-new approximately 3,300 square foot home, which includes four bedrooms, three full bathrooms and two half-bathrooms, and all of its furnishings. 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.NEW YORK, Ap/PRNewswire/ - HGTV today announced the winner of the HGTV® Dream Home 2021 is Jeff Yanes of Kyle, TX. Of course, pretty much all big prize winners are going to face a significant tax bill. Whether the winner keeps the home, sells it or takes the cash, it's a "life-changing experience," a spokeswoman for HGTV told CNBC Make It in a statement. Since then, some winners have opted for the cash option while others have visited their prize home a few times before selling it to cover their tax bills, according to Country Living, which also notes that some winners have even taken out mortgages to cover their tax bills and rented out their prize homes. HGTV launched its Dream Home contest in 1997, when the network gave away a mountain home in Jackson Hole, Wyoming. But, it would be much easier to tackle that tax bill with cash winnings than it would be to pay nearly three times as much if Fulkerson keeps the house (the $250,000 from Rocket Mortgage would help offset the tax charges). The cash option still comes with a large federal and state income tax hit (well over $300,000 in total, according to the Wolters Kluwer analysts). 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. 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.įulkerson has not publicly commented on whether or not she will ultimately keep the Montana home, and an HGTV spokesperson told CNBC Make It that Fulkerson has requested not to participate in media interviews. That's a total tax bill of more than $900,000, or nearly 40 percent of the total value of the prize package. ![]()
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