LAKE COUNTY, Fla. -- A Central Florida home is teetering on the edge of a sinkhole -- and it isn't the first time.

The hole opened up in the Green Valley subdivision on Spyglass Loop near Clermont, and there's a second one just yards away on a golf course.

The home sitting above the sinkhole is not currently occupied and the owners live in Pennsylvania, but neighbors living next door have been advised to evacuate in case the 25-foot wide sinkhole grows larger overnight.

Sky 6 was overhead on Monday mere minutes after the large sinkhole nearly swallowed part of a home.

"Definitely a hazard you want to avoid," said neighbor Jon Surguine.

Surguine lives across the street from the sinkholes, and he said they are a familiar sight in the area.

Nine years ago, a sinkhole opened up in the exact same spot while Cyndi Gary was sitting on her back porch. Gary said she was so rattled by the experience, she and her husband soon moved to another home a few blocks away. On Monday, however, she returned to see the latest sinkhole.

"She was so nervous, her hands were shaking just seeing that happen again," Surguine said.

Even though the sinkhole was filled in with soil back in 2001, it opened up one year later. Now, it has collapsed a third time.

Neighbors pointed to wild winter weather as a possible cause of the sinkholes.

Although a Lake County inspector deemed the house above the sinkhole unsafe, he believes the damage is minimal and the house can be easily saved.

“It's definitely not condemned. It can be fixed,” building inspector Ron Allen said.

If condemned, the loss would be entirely covered by homeowners insurance.

Since it is likely that the house will not be condemned, the only way the insurance company will pay for the repairs is if the owner has purchased optional sinkhole coverage.

As the law states now, that additional sinkhole insurance should cover most of the repair costs.

However, some lawmakers want to limit that insurance payout to 25 percent of the home’s value. In other words, if your home is worth $200,000, the most an insurance company would pay out for sinkhole repairs is $50,000.

“I've never seen a home that can be repaired for $50,000. Typically you're looking at a minimum of $100,000 to $150,000,” sinkhole attorney John Byrne said. ”What that means is, if this bill goes through, a homeowner has to come up with an extra $50,000 to $100,000 just to fix their home.”

The purpose of the 25 percent cap would be to cut back on insurance fraud. Some homeowners have tried to blame sinkholes for pre-existing cracks in walls and the foundation that may be the result of house settling.

But attorneys who represent sinkhole victims said the proposal hurts honest homeowners.

“If this legislation goes through, if this were to happen a year from now, there's a serious question if insurance would cover to fill up the hole, much less support the structure,” Byrne said.

Local 6 reporter Mike DeForest said the hole in Lake County got deeper overnight Monday. He said officials will wait a few days for the hole to settle before filling it in again.

Despite multiple holes opening in the same day, however, most residents Local 6 spoke with said they were not too worried about more sinkholes swallowing their homes, since the largest hole keeps dropping out in the same spot.

Yet, a short distance away from the home, a man peered into another sinkhole that opened up in the fairway of the Green Valley Golf Course, creating an unusual hazard for players.