See 6 of Mitt Romney's Homes
Childhood Home in Detroit
Mitt Romney spent the first five years of his life in this 5,500-square-foot home (above) in the upscale Detroit Palmer Woods neighborhood before moving to Detroit’s Bloomfield Hills suburb. Although Detroit real estate has been hard hit in the past few years, Palmer Woods real estate remained steady as a high-end neighborhood. However, even an upscale location couldn’t save Romney’s childhood home from foreclosure or the wrecking ball. After falling into disrepair in 2009, the house was one of 3,000 Detroit homes razed in the city’s renewal plan.
Mansion in Belmont, Mass.
According to property records, Romney and his family purchased the seven-bedroom, 6.5-bath home in Belmont in 1989 — five years after Romney founded the investment firm Bain Capital. The Romneys’ home sold for $3.5 million in 2009 — 293 percent more than the 1989 purchase price of $890,000.
Situated on 2.44 acres and within 25-minute drive from downtown Boston, the 6,434-square-foot Colonial was an ideal home base for Romney, his wife Ann and their five sons for 20 years.
Compound in Wolfeboro, N.H.
In 1997, the Romneys plunked down $3 million for a summer home situated on 11 acres of lakefront in New Hampshire. The three-story, six-bedroom contemporary sits along Lake Winnipesaukee in Wolfeboro, purportedly “the oldest summer resort in America.”
With a 5,400-square-foot main house and additional guesthouse, the estate is now worth an estimated $10 million. Home to the Romney crew — children and grandchildren — each summer, some wonder if the GOP candidate’s familiarity with the state helped him clinch the New Hampshire primary.
Winter Getaway in Park City, Utah
In 1999, the Romneys picked up another vacation home. This time, the family decided on a mountain ski home in Park City, Utah. At the time, Romney was working as CEO and President of the 2002 Winter Olympics in Salt Lake City, where he is credited with establishing credibility after scandal plagued the organizing committee. Romney’s leadership in the Olympics was largely viewed as a success, leading him to write “Turnaround: Crisis, Leadership and the Olympic Games” about his experience.
More chalet than cabin, Romney’s seven-bedroom, 9.5-bath home sits at the end of a cul-de-sac on nearly 11 acres. A premier destination for snow sport enthusiasts, Park City real estate doesn’t come cheap. Romney’s home was no exception; the 9,514-square-foot home sold in 2009 for a little under the $5.25 million asking price.
Beachfront Property in San Diego, Calif.
When Romney purchased his $12 million home in the community of La Jolla in 2008, he told the media that he wanted to be where he could “hear the waves.” Apparently a home on the high-priced Southern California coast (median La Jolla home values hit $1,067,600) was the right location.
It may be the ideal location, but it isn’t quite the ideal home, at least not yet. In August 2011, Romney filed an application with the city to bulldoze the single-story beachfront home and replace it with a larger, two-story home.
A spokesperson for the politician explained: "They [the Romneys] want to enlarge their two-bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs.” The spokesperson added that the renovation wouldn’t begin until after the campaign has wrapped up.
Townhouse Near Boston
Romney’s recent real estate purchase is the most modest on the list. In June 2010, he and Ann bought a two-bedroom townhouse in suburban Belmont. According to property listing information, the Romneys paid $895,000 for the 2,100-square-foot home in the new residential development The Woodlands.
Since selling their Belmont mansion, this is the first property they’ve owned in the Boston area in two years. Previously, the Romneys claimed a basement apartment in their eldest son’s home as their legal Massachusetts address.