VIDEO: Luxury home dangling off a cliff

LAKE WHITNEY, TEXAS (WPVI) -- A lakeside luxury home in Texas is about as close to "on the water" as you can get.

It is now hanging off of a cliff along the Lake Whitney shoreline. Neighbors have been ordered to stay away from the property.

Soil and other debris has already fallen from the foundation of the home.

The residence, built in 2007, is valued at more than $700,000.