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A $5.5 million fixer upper? That’s how much Chip and Joanna Gaines spent on Colorado mountain home.

As home renovation power couple Chip and Joanna Gaines planned to embark on their newest project — a 1960s build that stars as the subject of a new limited TV series “Fixer Upper: Colorado Mountain House” — they mused about finding the perfect property for their family’s second home and, perhaps, even something of a bargain.

“It’s 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,” Chip said at the start of the Dec. 9 premiere.

That would be a good thing, considering Joanna’s grand design vision involved gutting both floors of the house and reconfiguring the entire layout to move the kitchen and add bedrooms.

But a really good deal? The actual sale price: $5.5 million.

That’s according to Pitkin County property records that show the home, located on two acres in Woody Creek, sold in November 2024. The buyer was a limited liability company that The Denver Post was able to connect to the Gaines family by cross-referencing additional public records. (We are not publishing the address to respect their privacy.)

In addition to a 3,662-square-foot main house, the property also has two additional cabins and a trail that goes right down to the river.

In episode one of three of “Fixer Upper: Colorado Mountain House,” a local contractor and crew make quick work of demolishing the home’s interior while the Gaineses oversee the project from their home base in Waco. Eventually, they come back up to choose paint colors and finishes in person. Viewers also met the couple’s oldest daughter, Ella, who will soon get the chance to try her hand at family business and redesign one of the small cabins.

“Fixer Upper: Colorado Mountain House” airs Tuesdays on HGTV and streams on HBO Max.

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