$1.3 Million Dollar Home For $100.00. Is the chance worth the ticket?

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6,300 square feet in the mountains of Southern Colorado could be yours for just $100.00. It's all part of a charity raffle going on right now by the Pikes Peak Rotary Club.

As of Monday night, 56 tickets are sold for the chance to get a $1.3 million dollar home. But in this tight economy some are split on whether it's worth it to shell out the money for a ticket?

From the view of the mountains to the porcelain tile floor, Matt Tuttle and Drew Morrill would shell out a hundred bucks for the chance at a dream home. And if they won, they say they would keep it. "Look at that garage," says Tuttle. "It's a pretty big house, it's worth a hundred bucks," says Morrill.

This type of raffle is a new venture for the Pikes Peak Rotary Club. "But this is the first time we've tried something like this so we are hoping that it will be successful," says Cathy Skiles, Raffle Coordinator for the PPRC. She is hoping this raffle will bring much needed cash to some local non-profits.

The $1.3 million home in Woodland Park is the top prize. But there are other ways you can win. "And I think the idea of the various cash prizes are appealing," says Skiles.

For others, like Daniel Clearo, what the home offers is nice. But keeping that hundred bucks in his pocket is what he needs to do. "Right now, I am struggling to pay my bills so a hundred dollars is pretty important to me," says Clearo.

Tammy Stanford wonders where she would get the money to support a house of this size, if she won. "I don't think I would want to pay the property taxes on it," says Stanford.

If 18,000 tickets are sold, then the Pikes Peak Rotary Club will buy the home from homeowner and the rest of the money will be donated to various charities.

Raffle tickets will be up for sale until June 30, 2010 and the raffle for the home will take place on July 9, 2010, if enough tickets are sold. To learn more about the raffle and the rules for it, click on the link below.