David Bromstad from HGTV’s “Lottery Dream Home” lives in Miami, Florida. He is originally from Cokato, Minnesota, but has resided in Miami since 2003. Since then, he has become a well-known interior designer, television host, and artist.
He has designed many interior projects, including numerous penthouse units, condos, and single-family homes in the area. In addition to his work in residential design, he regularly appears on HGTV, including his show “Color Splash” and “Lottery Dream Home” where he helps lucky winners turning their lottery-winning dreams into reality.
What neighborhood does David Bromstad live in?
David Bromstad currently lives in Miami Beach, Florida. He had previously lived in Venice and Malibu, California, as well as Manhattan in New York City. He purchased a home in 2017 in North Bay Village, an affluent neighborhood within Miami Beach.
Located on a private island, the neighborhood is sought out due to its close proximity to Biscayne Bay and downtown Miami. North Bay Village offers picturesque waterfront views, easy access to parks, marinas, and shopping, and a variety of restaurants.
David Bromstad takes advantage of the peaceful surrounds and often shares photos of his home and the neighborhood on Instagram.
Is David from My Lottery Dream Home a real estate agent?
No, David from My Lottery Dream Home is not a real estate agent. On the HGTV show, he is portrayed as an expert in real estate, but he is actually an on-camera host and actor. He has been in the entertainment industry since 2006, appearing on shows such as The Biggest Loser, The Appraisal Man and House Hunters.
On My Lottery Dream Home, David helps lucky lottery winners find their perfect homes. He has a knack for finding homes that perfectly fit the winner’s style, budget and tastes. His background in the entertainment industry and previous hosting experience makes him a perfect fit for the show.
How much money is David from My Lottery Dream Home worth?
The exact net worth of David Bromstad, the host of HGTV’s My Lottery Dream Home, is not publicly known. However, according to Celebrity Net Worth, Bromstad’s estimated net worth is $2 million. In addition to his work on HGTV, Bromstad has also established a career as a designer, artist, author and TV personality.
He has designed interiors for the Ritz Carlton, the Venetian and Encore in Las Vegas, as well as W Hotels in Miami, Hollywood and New York City. Bromstad’s design portfolio is worth millions of dollars, and is a major factor contributing to his total worth.
Furthermore, Bromstad has appeared as a regular judge on HGTV’s Design Star, a contestant on NBC’s The Celebrity Apprentice and a judge on Netflix’s Interior Design Challenge. His books, such as Designing Your Dreams and Color Passion, have further helped him to build his wealth.
His gig on My Dream Home, which has become one of HGTV’s most popular shows, has also significantly increased Bromstad’s finances.
Given his success as an interior designer and television personality, it’s clear that David Bromstad’s net worth is at least $2 million.
Where does David live in Winter Park?
David lives in a two-bedroom house in Winter Park, Florida. It is located in a quiet residential neighborhood that is close to the downtown area. The house is well cared for and has a large yard with mature trees that provide plenty of shade.
The surrounding area is filled with a variety of restaurants, shops, and entertainment. David enjoys exploring the area on foot and frequently visits the nearby parks and charming boutiques. He also has easy access to major roadways, making it easy to get around town and to the nearest cities.
Do any of the HGTV Dream Home winners live in the homes?
No, none of the HGTV Dream Home winners live in the homes. Every year, HGTV partners with a company to create a unique and luxurious dream home that is then given away as a sweepstakes prize. The winner receives the home as well as a year of living expenses, a car, and other prizes.
However, the winner does not move into the house or keep it as their own. Instead, the prize home is then sold to a new homeowner.
How many houses do they look at on My Lottery Dream Home?
On My Lottery Dream Home, each episode typically features at least three different houses. In the first part of the show, the hosts visit the winner at their current home and get to know their story and needs.
Then, David Bromstad takes them to at least three properties, with plenty of luxurious amenities, for them to view and consider. After looking at each house, David and the winner discuss the pros and cons and decide if it’s the right fit for their dream home.
After viewing all the properties, the winner decides which house they would most like to live in, and the possibility of making their dream come true becomes closer to a reality.
Can you take cash if you win HGTV Dream Home?
Yes, if you are declared a winner of the HGTV Dream Home, you may elect to take a cash option in lieu of the home, furnishings, and additional prizes. The value of the cash option is determined before the sweepstakes starts and may vary depending on the year.
The 2021 HGTV Dream Home cash option is $724,330. The amount may be subject to taxes and other liabilities, which the winner is responsible for paying. The cash option is one-lump sum, non-transferable and must be accepted as awarded.
Additional restrictions may apply.
How are winners notified for HGTV Dream Home?
Winners of the HGTV Dream Home contest are notified via a private phone call from HGTV executives. The phone call is made to the winner to verify the prize winner and get their address information. After the winner is verified, the HGTV Dream Home team confirms their identity and some of their personal information with an email that includes the official notification of their win.
Along with the email, the winner receives a package with details about their prize, such as information about taxes and legal issues the winner will need to know about the win. The package also includes the HGTV Dream Home Welcome Guide, which provides the details of the home and its location.
HGTV also posts the winner’s name and photo on the HGTV Dream Home website and social media pages.
Where is My Lottery Dream Home filmed?
My Lottery Dream Home is filmed at various luxurious locations across the United States. Each episode follows host David Bromstad as he helps lottery winners find their dream homes. Some of the locations featured on the show include Florida, Arizona, Hawaii, South Carolina, Michigan, California, and New York.
Bromstad has toured hundreds of homes in more than a dozen states across the country. He has visited everything from exclusive island homes to sprawling modern estates in addition to some hidden gems that were only discovered after the show began production.
No matter where the locations are, Bromstad never fails to amaze viewers with his array of stunning properties.
Is my lottery dream house staged?
No, your lottery dream house is not staged. A staged home is idealized and contains design elements that magnify its features and make it more attractive to potential buyers. When you purchase a lottery dream house, you’re buying it exactly as it is.
It may contain furniture and other household items, but it shouldn’t be overly decorated with special staging. If it’s an older house, it may need repairs and some upgrades to make it more ideal for you, but it won’t be elaborately staged like a model home.
Ultimately, it will be up to you to make it your dream house.
How do the winners of Dream house pay the taxes?
The winners of a Dream House have to pay the associated taxes just like any other homeowner in their locality. How the taxes are paid will vary by jurisdiction, but typically they are paid through a separate escrow account set up by the title company handling the property.
In most cases, while the Dream House may be owned outright by the winner, the title company will handle the transfer of funds needed to cover any remaining tax liabilities associated with the property.
Depending on the jurisdiction, there may be additional state or local taxes due on the property, such as transfer tax on the sale of the Dream House, or additional taxes due on other products, such as furniture and appliances, purchased specifically for the Dream House.
Either way, these taxes must be paid in a timely manner in order for the title company to transfer the full ownership of the Dream House from the Dream House provider to the winning homeowner. Depending on the terms, this transfer could be made all at once, or, if the winner has financing, pay the taxes in installments that coincide with the mortgage payments.
The exact arrangement should be made clear to the winner in advance of transferring the full ownership of the Dream House.
How are people chosen for my lottery dream house?
The process for selecting a winner for a lottery dream house will vary depending on the specifics of the lottery. Typically, someone is selected randomly from all of the entries that have been submitted.
This is often done through a computer system, or some sort of automated process, to ensure that the draw is fair and impartial.
In some cases, winners may need to pass certain criteria in order to be eligible, such as providing proof of address, meeting a set age limit, or having a valid passport. In addition, additional selection criteria may be in place to ensure that the lottery is conducted in a responsible manner.
The exact process will be determined by the organization responsible for the lottery dream house, so it is important to check the website or contact the organization directly in order to find out the specific details of how people are chosen.
How much does the host of my lottery dream house get paid?
The exact amount that the host of a lottery dream house gets paid varies, but typically the compensation is quite generous. Most hosts are paid by commission, and the amount earned is based on how successful the show is and how long it is running.
Generally, a host could earn anywhere from a few thousand dollars per episode to millions, depending on how long they remain in the role. A long-standing host with a popular program may be able to earn a great deal of money each year.
Additionally, hosts often earn royalties from reruns and syndication, which can lead to additional income.
How much taxes do you pay on HGTV dream home?
The amount of taxes due on the HGTV Dream Home giveaway depends on the winner’s location, filing status, and other factors. Generally speaking, the majority of the taxes are due on the fair market value of the home and related items that are received.
Depending on where the winner’s residence is located, some state, county, and/or city taxes may also be applicable. Additionally, the Internal Revenue Service requires that the winner pay taxes on the value of the gifts and any cash awards associated with the prizes.
This taxable value is considered income for the winner and is added to their total adjusted gross income for the year of the giveaway. The amount of the federal income tax due will range from 10-39. 6% of the value of the prizes and the state tax rate can be higher.
Therefore, the total amount of taxes due can be substantial in some cases.
For more detailed information regarding the taxation of HGTV Dream Home prizes, it is advisable to speak with a qualified tax advisor.