I would suggest speaking with a tax attorney. Depending on how long you've owned it, and how much you paid for it, the sale of your house may constitute income

I would suggest speaking with a tax attorney. Depending on how long you've owned it, and how much you paid for it, the sale of your house may constitute income, which would be taxed at 39.6% and (at this level) also subject you to the AMT. That may limit some of your options. If it turns out your sale isn't tax exempt, renting the property out through a property management firm or reinvesting in real estate may make the most sense. Otherwise I'd echo what others have said, some sort of CD.