Allowing Remote Connection in IIS on Windows 7
Solution 1:
To enable http access through Windows Firewall on Windows 7
From the start menu begin typing "Allow a program through Windows Firewall".
Scroll the bottom of the list and look for World Wide Web Services (HTTP) and enable it on your networks.
Solution 2:
Turns out it was Windows Firewall that was the culprit. I enabled domain access and now the website is visible to the other user.