$2.2 Million Home To Be Auctioned Off In Special Olympics Fundraiser

A $2.2 million home in Studio City, California can be yours for the price of a $150 raffle ticket. Special Olympics Southern California is raffling off the home as part of a fundraising campaign. The home is a newly built five-bedroom Mediterranean home that has a four car garage, gourmet kitchen, wet bar, master suite and city views. The winner can also opt for a cash payout of $1.5 million. The net proceeds from the raffle will benefit the more than 13,000 Special Olympics athletes in Southern California.

Other prices include cash payouts of $25,000, $10,000, $5,000, $2,000 as well as smaller prizes of $1,000, $500 and $300--a total of 350 prizes. If all tickets are sold the odds of winning the Grand Prize are 1 in 35,000 and the odds of winning a prize of $300 or more are at least 1 in 100. The grand prize drawing will be held on June 13 at the Special Olympics Southern California Summer Games at California State University, Long Beach. Prize winners do not need to be present to receive their prize. Tickets cannot be bought online but the raffle website has complete purchase information.