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Chip<\/a> and Joanna Gaines<\/a> made a big investment in their latest fixer-upper project.\n<\/p>\n According to The Denver Post<\/em><\/a>, the 1960s-built Colorado home that the reality stars are renovating on their latest limited series, Fixer Upper: Colorado Mountain House<\/em><\/a>, was purchased for $5.5 million in 2024.\n<\/p>\n \u201cIt\u2019s been on the market for a while, so it just feels like the timing is really right for me to potentially make a really good deal on this property,\u201d\u00a0Chip said during the premiere episode on Dec. 9.\n<\/p>\n Despite the hefty final price tag, Chip did get a deal, public property records show. The home was previously listed for as much as $7.5 million, before being reduced to $6.5 million and then finally sold for $5.5 million.\n<\/p>\n Magnolia Network<\/p>\n <\/span> In the series, Joanna, 47, shares how she plans to completely renovate the home’s interior by gutting both floors, along with reconfiguring the layout to create more bedrooms and relocate the kitchen. The goal is to update the home to suit their family of seven (plus visiting relatives!) while maintaining its midcentury charm.\n<\/p>\n The house boasts a spacious main house along with two cabins set on multiple acres, plus a trail that leads down to a scenic riverfront for fly fishing.\n<\/p>\n
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