It's a home with beautiful mahogany floors, granite countertops and top of the line appliances. A charming $1.2 million dream home that can be bought now for just $50! For six bedrooms, four and a half bathrooms and a gym the home is a steal!

Tom and Dianne Walters poured their heart and soul and every dime they had into building their dream home. "We have two acres of land here so we had plenty of room to work. We could do just about whatever we wanted to," said Tom. "We got to make it our own."

However, like many homeowners these days, the Walkers are having a tough time making their mortgage payments. They need to sell, but instead of taking their chances in a struggling real estate market they've decided to hold a raffle.

The task is daunting. The Walkers need to sell 31,000 $50 raffle tickets. But, their idea has captured people's imaginations.

"We've sold tickets everywhere, a bunch in California, a lot in Hawaii. We've sold tickets to people in Puerto Rico," says Tom.

INSIDE EDITION visited the Walkers as they held an open house. Everyone who came was excited at the idea of winning the stunning home.

Some wanted to purchase more than just one ticket! 

While it's hard for the Walkers to give up their dream home, having a raffle made that heart wrenching decision a little easier.

"It's a win win win," Tom tells INSIDE EDITION. "We get to sell our home in a tough market. We're benefiting a worthy cause and one lucky person could change their life by winning a million dollar home."

If you would like to purchase a raffle ticket for a chance to win the Walkers amazing dream home, visit www.fiftydollarhouse.com.

A percentage of the raffle proceeds will be donated to We Care and Friends Charity. To learn more about the charity, visit their website, www.wecareandfriends.com.