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Tuesday, January 10, 2012

Mitt Romney's $12 Million Teardown House in La Jolla

San Diego Realtor Jim Klinge does a quick tour of Mitt Romney's La Jolla, CA house. Romney bought the house in 2008 for $12 million, and according to Jim the house is going to be torn down and replaced with a new 8,100 square foot home. That is smaller than the 11,062-square-foot property he initially wanted to build last summer.

View from the beach of the 3,009-square-foot Romney home in La Jolla , which the GOP contender plans to demolish and replace with an 8,100-square-foot home

Huffington Post:
Romney to quadruple La Jolla home size --
Mitt Romney is looking to quadruple the size of his $12 million California home, the San Diego Union-Tribune reports.

The GOP presidential candidate has filed an application with the San Diego government to bulldoze the 3,009-square-foot beachfront house in La Jolla and replace it with a 11,062-square-foot property.

According to a campaign official, "They want to enlarge their two bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs."

In addition to the California house and a townhouse outside of Boston, which is their official primary residence, the Romneys own a $10 million vacation home on the shore of Lake Winnipesaukee in Wolfeboro, N.H...
San Diego Union:
Romney to quadruple La Jolla home size --
Romney has filed an application with the city to bulldoze his 3,009-square-foot, single-story home at 311 Dunemere Dr. and replace it with a two-story, 11,062-square-foot structure. No date has been set to consider the proposed coastal development and site development permits, which must be approved by the city.

The former governor of Massachusetts purchased the home three years ago. According to a description from the listing agent, the Spanish-style residence at the end of a quiet cul-de-sac is sophisticated and understated in its d├ęcor, “offering complete privacy and unsurpassed elegance.”

Tentative plans call for new retaining walls and a relocated driveway, but would retain the existing lap pool and spa.

“This offering represents a truly unique opportunity for a buyer who appreciates the scarcity of this caliber of real estate,” the listing said.

Constructed in 1936, the three-bedroom, 4.5-bathroom home was among the first built in the Barber tract neighborhood, according to the La Jolla Historical Society, and has a stretch of lawn sloping to the white sand beach...
Romney's $12 Million Tear-Down: His Small Way To Boost Housing Sector?

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