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Money Talks News: Romney vs. Obama—How They Spend Their Money


Mitt Romney

Mitt and Ann Romney own a 3,009-square-foot Mediterranean-style beachfront property in La Jolla, Calif. Romney purchased the home for $12 million in 2008. The house, built in 1936, has three bedrooms, 4.5 bathrooms, and a deck with lap pool and spa.

But it may not be there for long. In 2011, he filed an application with La Jolla officials to bulldoze the single-story home and replace it with a larger, two-story home.

The Romneys purchased a 13-acre property on the shores of Lake Winnipesaukee in Wolfeboro, N.H., for $2.5 to $3 million in 1997. The main house is 5,400 square feet, and there’s also a boathouse (valued at $630,000) and a horse stable with guest houses above it. The assessed value of the estate hit $8 million, as of July 2012.

In addition to his California and New Hampshire homes, Romney also bought a 2,100-square-foot, two-bedroom townhouse in The Woodlands at Belmont Hill, Mass., for $895,000 in June 2010.

In the past, Romney owned a larger estate in Belmont, Mass., that he sold for $3.5 million in 2009 and a ski home in Park City, Utah, that he sold for about $5.25 million in 2009.

(AP Photo/Jim Cole)

More from Money Talks News:
How Will Your Taxes Change?
The Truth About Jobs: Why Both Sides Are Wrong
How to Contact Your Congress and President

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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