We've been seeing the pictures of this 700,000 dollar luxury home sitting on a cliff, but now there is a video.

How can a dream home become a nightmare? By putting on a cliff over a beautiful lake.

This home WAS worth $700,00 big ones but its worth nothing now. The whole world is watching as this once beautiful home in Texas slowly falls to pieces into Lake Whitney.

CBS 5

According to CBS News, the owners have yet to comment, but we do know they no longer live there (obviously), the house is foreclosed and they will have to pay for the clean up!

Army Corps of Engineers are keeping an eye on the situation but are expected to let the house just fall into Lake Whitney instead of trying to take action on land.

[CBS]