A $735,000 home in Congress Park is now the prize in a new $5 sweepstakes launched by Fulhouse, a local startup created by two longtime Denver friends.

The concept is straightforward: instead of one buyer taking on the full cost of a home, FulHouse asks what happens if 150,000 people each contribute $5. One entrant receives the property. Everyone else risks the cost of a coffee.

The home is a modern two-bedroom, three-bath residence on Jackson Street with a rooftop deck and a two-car garage. It sits in Congress Park, a neighborhood where ownership has become increasingly difficult as prices continue to rise faster than incomes.

Because the model is unconventional, FulHouse built the process around security and transparency. Payments are handled through Stripe. Funds are held in a regulated third-party escrow account rather than by the company. If the sweepstakes does not reach its reserve, the drawing is canceled and entrants are eligible for a full refund.

What makes FulHouse more notable is where the platform is heading. The founders plan to expand the model so that any homeowner can use the platform as an optional way to divest their property. Rather than listing traditionally or selling to an institutional buyer, a homeowner could offer their house through the same sweepstakes structure, potentially reaching a large pool of participants and reducing friction around pricing and timelines.

In a market where the median home now costs nearly six times the median household income, alternative approaches to both acquiring and selling housing are attracting increased attention. FulHouse does not claim to solve the larger system, but it is experimenting with a format that creates a new point of access on both sides of the transaction.

The sweepstakes is currently live. Entries are available through the FulHouse site, fulhouse.io.
Five dollars gets you in the running.