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Romney selling La Jolla home

Anyone want a luxury home with a car elevator?

The Boston Globe is reporting today that Mitt Romney is selling his La Jolla home. The story has been picked up by inside-Washington media such as Politico. The home has been controversial, and is not yet complete.

Says the Globe, "Two years ago, Mitt Romney didn't think he would run for political office again. And in the aftermath of his bitter defeat in the presidential campaign, he embarked on something of a real estate spree. He simultaneously began building two multimillion dollar homes, one [in La Jolla] on the Pacific Ocean and another outside Salt Lake City. He also bought a third, slopeside ski chalet in Park City, Utah...But now that he is considering a third presidential bid, the monuments of his wealth could become a political inconvenience, particularly as one of his key themes has been America's growing income divide."

A broker is now showing the La Jolla home to potential buyers, a Romney aide told the Globe. The aide wouldn't disclose the price. "Romney's plans to tear down and rebuild his home in La Jolla were already underway during his last campaign," says the Globe. The Romneys apparently intend to continue redoing the home which is two or three times larger than other nearby homes. The elevator for autos and a rotating four-car garage are some of the notable features of the home, which has not made neighbors very happy.

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The Boston Globe is reporting today that Mitt Romney is selling his La Jolla home. The story has been picked up by inside-Washington media such as Politico. The home has been controversial, and is not yet complete.

Says the Globe, "Two years ago, Mitt Romney didn't think he would run for political office again. And in the aftermath of his bitter defeat in the presidential campaign, he embarked on something of a real estate spree. He simultaneously began building two multimillion dollar homes, one [in La Jolla] on the Pacific Ocean and another outside Salt Lake City. He also bought a third, slopeside ski chalet in Park City, Utah...But now that he is considering a third presidential bid, the monuments of his wealth could become a political inconvenience, particularly as one of his key themes has been America's growing income divide."

A broker is now showing the La Jolla home to potential buyers, a Romney aide told the Globe. The aide wouldn't disclose the price. "Romney's plans to tear down and rebuild his home in La Jolla were already underway during his last campaign," says the Globe. The Romneys apparently intend to continue redoing the home which is two or three times larger than other nearby homes. The elevator for autos and a rotating four-car garage are some of the notable features of the home, which has not made neighbors very happy.

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Comments
42

Is it possible some mysterious trust or LLC "purchases" this property.

Jan. 28, 2015

Ponzi: Yes, a purchase by a mysterious trust would not surprise me. If the trust is based in the Cayman Islands, that would not be a surprise. Romney does his business in secret. The Democrats should have made more of that in 2012. Best, Don Bauder

Jan. 28, 2015

OFGS, to have to endure all that and then have him drop this horrible project, unfinished. Don't get me wrong, more than glad he's leaving, but should never have bought in the first place. Go away, and don't come back ever, please.

Jan. 28, 2015

KLoEditor: His La Jolla neighbors share your views. The U-T editorial page does not, however. What did you expect? Best, Don Bauder. P.S.: Please tell this elderly man (me) what OFGS means.

Jan. 28, 2015

My guess is Oh For Goodness Sakes or Oh For Gods Sake.

Jan. 29, 2015

AlexClarke: I should have thought of both of those. Best, Don Bauder

Jan. 29, 2015

I wonder if one of us "commoners" could have gotten a permit for the same project ?

Jan. 28, 2015

Murphyjunk: You know the answer to your question: No. This is San Diego, remember. Best, Don Bauder

Jan. 28, 2015

Sure, if you could have scraped up enough cash to retain San Diego attorney and registered lobbyist Matthew Peterson, like Romney did. See my previous READER article on this Romney romp: http://www.sandiegoreader.com/news/20...

Jan. 28, 2015

dwbat: Good story. Best, Don Bauder

Jan. 28, 2015

Probably not. Ann Romney made a surprise appearance at a city council meeting to complain about the permitting process. Romney Royalty is probably used to getting their plans rubber-stamped in the Theocratic Republic of Utah. Having to wait like the little people is so annoying to the Romney clan.

Jan. 28, 2015

Ponzi: Ann Romney went to council to complain about the permitting process? Now that is interesting. I understand the Romneys pretty much breezed through the process. Maybe San Diego was just a tiny bit slower than Salt Lake City. Best, Don Bauder

Jan. 28, 2015

Here's the story: "Ann Romney makes surprise appearance before San Diego City Council"

Compiled by Jamshid Ghazi Askar, Deseret News Published: Thursday, June 20 2013 5:10 p.m. MDT

http://www.deseretnews.com/article/865581988/Ann-Romney-makes-surprise-appearance-before-San-Diego-City-Council.html?pg=all

Jan. 28, 2015

Ponzi: Ann Romney is not accustomed to being discommoded. Best, Don Bauder

Jan. 29, 2015

Did she keep her comments to the allotted time given the public?

I bet one of us commoners would have gotten the buzzer about half way through

Jan. 29, 2015

Murphyjunk: You are almost certainly correct on that. Best, Don Bauder

Jan. 29, 2015

Don: OFGS = Oh for goodness sake.

Jan. 28, 2015

JustWonderiing: Oh for goodness sake -- I should have figured that out. Best, Don Bauder

Jan. 28, 2015

Oh For God's Sake, as I use it only when aggravated enough to take the Lord's name in vain, lol.

Jan. 28, 2015

KLoEditor: You will be forgiven if you just use OFGS. Best, Don Bauder

Jan. 28, 2015

Mitt didn't want the McCain curse of too many homes.

Jan. 28, 2015

MichaelValentine: McCain married the daughter of one of Arizona's richest -- and most questionable -- men. As I recall, McCain was asked how many homes he had and couldn't remember. He said he would get back to the person who asked the question. Best, Don Bauder

Jan. 28, 2015

Ya my bet is Mitt knows how many of everything he owns.

After all he turned the piddling tens of millions he inherited into hundreds of millions on his own.

Jan. 28, 2015

MichaelValentine: And Mitt piled up all that money in a business, private equity, that by its very nature should be outlawed, or at least thoroughly reformed. Best, Don Bauder

Jan. 29, 2015

In other news, Mitt Romney told Larry King that he would decide on whether he would run for president "in two weeks." Should we hold our breath? Does Romney have any concept of keeping ones word.

Jan. 28, 2015

Ponzi: I understand the Koch brothers, who will be spending almost a billion dollars on 2016 elections, want to prevent Romney from running. So Romney may be supplicating at their feet. Best, Don Bauder

Jan. 28, 2015

Well, it appears the Koch brothers have an eye for a good investment and steer clear of known failed investment schemes.

Jan. 28, 2015

Ponzi: The Kochs are greatly responsible for the rise of the radical right -- the Tea Party, et al. Best, Don Bauder

Jan. 29, 2015

Gary Hjelm: Salt Lake City is "just north" of San Diego? That is true of Escondido and Encinitas, perhaps. So if the Romneys move "just north" of San Diego, they might be in Escondido, but I am not sure they would want to hobnob with the hoi polloi. Orange County is "just north" of San Diego County. The Romneys would feel more at home there. Best, Don Bauder

Jan. 28, 2015

I can't imagine that he would sell this house unless he was absolutely going to run. Which is crazy. He couldn't score the first two times, with no viable competition. Jeb will easily take the nomination this time, and Hilz will be the nom for the Dems. And may the best woman win.

Jan. 28, 2015

Or the Mittster may have just decided to flip the new manse, and make a huge profit. There's no shortage of rich buyers for beachfront properties. Why would he try to run again, when he'd just lose again? It makes no sense.

Jan. 29, 2015

dwbat: Running over and over again for president makes no sense, but there are plenty who do it. It's an addiction. Remember Harold Stassen? Gene McCarthy ran a couple of times after 1968, when he almost upset Lyndon Johnson. There was a socialist labor leader who ran several times. Was it Debs? Best, Don Bauder

Jan. 29, 2015

KLoEditor: That is a great line. I strive vainly to emulate such wit. Best, Don Bauder

Jan. 29, 2015

None

Jan. 28, 2015

KLoEditor: The media are already counting her in. But it's a long way to the 2016 election. Best, Don Bauder

Jan. 29, 2015

Somewhere, I can hear a listing agent crying this morning.

Jan. 30, 2015

Ponzi: It has been reported heavily today (Friday) that Romney has decided he will not run in 2016. So, possibly, he will not sell the La Jolla house after all. But then again, he might if it looks like he will get a good price that will get him out at a nifty profit. Best, Don Bauder

Jan. 30, 2015

Romney Incredibly Relieved That He Can Keep All His Houses

Jan. 30, 2015

Ponzi: You may well be right. There is still a lot of work to be done on the La Jolla home. Best, Don Bauder

Jan. 30, 2015

Romney bought the home at 311 Dunmere in May 2008 for $12,000,000. I have heard rumors for about ten days that the home was on the market but it's not yet listed in the MLS, so maybe Romney was just exploring selling it while he was exploring running for President. Now that he has said no to running for President, I'll be interested in whether or not it actually is for sale.

Jan. 31, 2015

RusselRay: Yes, I haven't heard a word on whether it is actually for sale. While he was considering running again, the house was being shown by some real estate agent. I have no idea if that is still happening. Best, Don Bauder

Jan. 31, 2015

I second the OFGS comment, and would add YHTBFKM!!!!!

Feb. 2, 2015

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