Dallas buyers group has won $1m in a bidding war for a home in the Dallas suburb of Glenwood Springs.
The group was looking to sell at auction for $1,000,000 after winning an $80,000 federal loan in 2015, the Dallas Morning News reported.
The property is owned by the Dallas Buyers Club.
The buyers club, which is not a real estate company, is registered as a limited liability company, which means the group can issue debt.
But unlike many other small real estate groups, the buyers club cannot legally conduct a sale.
The owners of the home, who were not named, did not respond to ABC News’ request for comment.
The listing for the home on the Dallas Real Estate Board website said it was for sale for $2,800,000.
The buyer group was led by John and Kathy O’Brien, a realtors and real estate agents who previously owned the home in Lake Travis, Texas, where they have three daughters.
Kathy O`Brien said she and her husband, John, were initially interested in buying the home for $400,000 to $500,000 when they heard about the Dallas-based group, but decided they needed to raise the price to $1 million.
She said they sold the home last year for $700,000 at the end of October.
She is not sure why the group has so far not sold it.
The Dallas Buyer Club has more than 20,000 members and is a registered limited liability partnership.
The members are allowed to own a home and make loans to other people, although it is not legal for them to make money off the sale.
But the group was not registered as real estate professionals, and its members are not required to hold a license, according to its website.
The O’Briens own a nearby home and they are paying for the sale of the property, the news service said.
The Houston Chronicle reported that the O’Bs were among the first people to be told about the potential sale of their Lake Travis home.
They did not immediately respond to requests for comment from ABC News.