Move over Ty Pennington, the house Derek Hough and Mark Ballas bought has officially been souped-up -- and now the famous dancers are looking to cash out.
The "Dancing With the Stars" duo purchased the Studio City pad together earlier this year for $1.275 mil ... and now they're listing it for $1.895 million -- $620K more than they paid.
The flipping process caught the eye of HGTV, which will air a special in January featuring their home pirouette ... tentatively called "Mark & Derek's Excellent Flip."
We're told the "Dancing" stars completely tore up the inside ... and replaced all the windows and doors with fancy new ones -- same goes for the roof.
We're told Derek and Mark forked over at least $200K to rebuild it, with the help of real estate agent Andrew Gulyas ... and now each of the 'DWTS' stars stand to waltz away with some nice pocket change.