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(FORT WORTH, Texas) — The 4,000-square-foot luxury home that has spent days teetering on the verge of collapsing into a Texas lake was demolished Friday after an attempt to pull the house back to solid ground failed.

Homeowner Rob Webb has been in Florida dealing with a personal issue, according to ABC’s Dallas affiliate WFAA, and he watched from afar as pictures of his vacation home on Lake Whitney near Fort Worth went viral.

The home, which Webb purchased in 2012 and is appraised at $700,000, has been dangling about 75 feet above the lake’s shoreline since Tuesday, when neighbors said they first heard sounds that reminded them of an earthquake.

“I immediately thought it was an earthquake or blasting; it was loud, really loud,” neighbor Connie Ash told WFAA. “And then I saw smoke, dust, water…it was a huge cloud of stuff.”

Sheriff officials told WFAA the home was condemned one year ago after officials observed a crack in a nearby cliff. Webb and his family were told to evacuate two weeks ago.

A sign reading “EXTREME DANGER, STAY OFF PREMISES” has stood in the home’s front yard since Tuesday.

Webb says he will be responsible for the cost of the demolition. Though the home, which Webb purchased with his retirement savings is insured, Webb says his policy does not cover earth movement.

Officials decided to demolish the home after first trying to pull the home back to stable ground with cables. The hope for the fire, which will start in the attic, is that the home burns inward, Tom Hemrick, the emergency management coordinator for Hill County, told WFAA.

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