Mitt Romney to Bulldoze $12 Million La Jolla Home
In the midst of campaigning and fund-raising, former Massachusetts governor and Republican presidential contender Mitt Romney has added something else to his plate: a complete renovation of his $12 million home in La Jolla, CA.
According to the San Diego Union-Tribune, Romney has filed an application with the city to bulldoze his 3,009-square-foot, single-story home and replace it with a larger, two-story home. The California Coastal Commission and La Jolla Community Planning Group have seen the application and have recommended approval but a campaign official told Politico that the project won’t get started until Romney’s presidential campaign is finished. According to the same campaign official, Romney has applied for the expansion because the La Jolla home isn’t big enough for the family:
They want to enlarge their two bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs.”
Romney picked up the piece of La Jolla real estate in 2008 for $12 million. The 3,009-square-foot home was built in 1936 and was extensively renovated throughout the years. The home features direct access to a sandy beach and has water views throughout the home, most significantly from the master bedroom and living room which both open to a back deck and private lap pool.
The Romney’s also own a townhouse in Boston, which is their primary residence, as well as a lake house in New Hampshire. The Huffington Post reports that the couple sold their Belmont, Mass. colonial where they raised their five sons for $3.5 million and their Deer Valley, Utah ski lodge for close to $5.25 million in 2009.
At a media gathering last year, Romney explained his La Jolla home purchase, explaining that he “wanted to be where I could hear the waves.” Apparently the home on the high-priced California coast, (median La Jolla home values hit $1,067,600), fit the bill.