The house is dangling over the edge of a cliff on Lake Whitney, which is south of Fort Worth.
Video from SKY 4 shows a large crack in the cliff that it was built on. A section has already given way.
According to Zillow.com, the 4,000 square foot residence that was built in 2007 was worth about $800,000.
No one is currently living in the house and there are signs up around the property warning people to stay away.
A neighbor said the family noticed problems back in February when the ground started to shift.
There are statewide standards for home construction, but as far as location -- the restrictions vary from county to county.
A Hill County judge told FOX4 there's no county restriction that would affect that home from being built so close to the edge and it's up to any covenants approved within that subdivision to restrict its location.