Outdated beachfront properties are transformed into hot commodities in HGTV’s newest renovation competition series, Beach Flip.

Premiering on Sunday, July 5, at 9 p.m. ET/PT, HGTV and DIY Network stars Nicole Curtis (Rehab Addict), Josh Temple (House Crashers) and David Bromstad (My Lottery Dream Home) act as hosts, judges and mentors to four rival teams as they compete to renovate rundown waterfront bungalows with outdated décor, loud wall colors and awkward layouts into spectacular properties in just eight weeks.

The team with the highest increase in property value as determined by the region’s top appraisers wins the $50,000 grand prize and a spread in HGTV Magazine.

“Successful titles like Ellen’s Design Challenge and Brother vs. Brother confirm viewer appetites for fun design and home renovation competition series,” said Allison Page, general manager, HGTV and DIY Network.

“Beach Flip offers fans teams to root for, home improvement tips from our star experts Nicole Curtis, Josh Temple and David Bromstad, and it doesn’t hurt that it’s a competition with an ocean view.”

In the season premiere, the contestants’ must renovate and redesign the master bedrooms. At the end of the challenge, mentor David Bromstad evaluates the overall look of the space, quality of the renovation and total value added through smart design decisions.

America’s leading home and lifestyle brand HGTV features a cable network and HGTV.com. Headquartered in Knoxville, Tenn., HGTV is owned by Scripps Networks Interactive, Inc. (SNI).