February 17th, 2009
04:33 PM ET
5 years ago

Romney unloading two of his mansions

 The Romneys are selling their ski retreat in Utah, as well as their home in Belmont, Massachusetts.
The Romneys are selling their ski retreat in Utah, as well as their home in Belmont, Massachusetts.

(CNN) - He has been estimated to be worth in excess of $250 million, but former Republican presidential candidate Mitt Romney may just be belt-tightening along with the majority of Americans.

Romney, the former business whiz and governor of Massachusetts, is looking to unload two of his four mansions, collectively valued in the currently-sour real estate market at close to $10 million.

The more expensive of the two homes is a 9,500 square foot cabin on 11 acres in Deer Valley, Utah, listed at $5.25 million. The property comes complete with 9.5 bathrooms and is entirely furnished with custom-made furniture. The real-estate Web site Zillow.com describes the 10-year-old ski cabin as the "perfect retreat" with "several gathering areas [that] provide enough space for lots of family and/or guests."

Also on the market is the Romneys' chief residence in the posh suburban Boston neighborhood of Belmont, where most home prices run well into the millions. The Romney house, which comes with a tennis court and 2.5 acres of land, has yet to be listed, though the Boston Globe estimates the price will be set at $3 million - $1 million less than what the home was worth 2 years ago.

Eric Fehrnstrom, a spokesman for Romney, said the moves are not an indication the nation's flagging economy has affected the Romney family.

"Now that the children are all grown with families of their own, the Romneys have too much space and are downsizing and simplifying," Fehrnstrom said.

The former governor is still holding on to a large retreat on Lake Winnipesaukee in New Hampshire and a recently purchased $12 million home in La Jolla, California. Fehrnstrom also told CNN Romney plans to buy a condominium in Boston.

"They want to maintain Massachusetts as their official residence, but it will be an apartment-size dwelling," he said. "Massachusetts is where the Romneys raised a family, where Mitt Romney started his business and where he was governor for four years, so they have an emotional attachment to the state and many friends there."


Filed under: Mitt Romney
soundoff (415 Responses)
  1. Paul DObro

    Mitt Six Pack, meet your running mate, Sarah Six Pack.

    The Republicans – Change you can believe will go right back to the same old politics of G.W. Bush.

    February 17, 2009 12:20 pm at 12:20 pm |
  2. Elder of Zion

    Maybe he should just give these mansions to the Mormon church and they could use them as launching ports to reach their beloved extra-terrestrial super-planet, Kolob. These people are the Scientologists of the dessert.

    February 17, 2009 12:20 pm at 12:20 pm |
  3. Sean Nally

    Who cares to bet that Romney won't donate a single dollar of the proceeds from the sale of either house to any charity.

    February 17, 2009 12:21 pm at 12:21 pm |
  4. Ryan

    The poor thing.

    February 17, 2009 12:21 pm at 12:21 pm |
  5. Jared

    I would have kept the Deer Valley home and got rid of the La Jolla home. CA is a mess and I wouldn't want to own any real estate there.

    Mitt 2012!

    February 17, 2009 12:21 pm at 12:21 pm |
  6. Jean-Pierre

    Anyone wonder why he is attacking President Obama with such political gaucherie? he who couldn't convince his Republican primaries electorate than he can be trusted. Would be naive anyone who would expect such individuals to support a policy that targets the core of Corporate America's greed. That level of grandiose delusions can be sickening at a time when America's working families struggle daily to make ends meet.

    J-P

    February 17, 2009 12:21 pm at 12:21 pm |
  7. Bob from Kentucky

    He's probably one of those people that Republicans keep talking about. You know ..... someone who bought more house than they can afford.

    February 17, 2009 12:21 pm at 12:21 pm |
  8. Noah

    Liberals don't hate rich Americans, they hate rich Republicans. The MAJORITY of Obama's appointed cabinet are adored by liberals. That same majority are millionaires. Liberals worry about everyone else's money.

    February 17, 2009 12:21 pm at 12:21 pm |
  9. tishoogle

    So this is news, get a clue CNN!

    February 17, 2009 12:22 pm at 12:22 pm |
  10. Eloise

    Romney doesn't seem too bad! Smart business man that we could be using now, versus what we have not... this obamanation that is occuring to our economy!

    February 17, 2009 12:22 pm at 12:22 pm |
  11. Lee

    Republican leaders should have their property confiscated as "reparations" to the rest of us, given all the lasting damage they have done in almost every area.

    February 17, 2009 12:22 pm at 12:22 pm |
  12. Don Woolsey

    Mitt is an american Success story, he earned his mone legally without government handouts, An example for all of us, Self Determination!!!

    February 17, 2009 12:23 pm at 12:23 pm |
  13. Get Real!

    James you should share those Limbaugh drugs with everyone. You GOP IDIOTS just don't get it do you???? Romney and the rest of his crew simply don't have a clue about what goes on in the daily lives of the majority of Americans...including you. And guess what??? They don't give a flip about it either.

    But people like YOU dig deep to try to find any lame excuse to be critical of PRESIDENT OBAMA, who isn't worth anywhere near what Romney is.

    Get off the drugs, back away from Linbaugh the fat, lying waste of skin that he is...and develop a BRAIN!!!

    It's really sad that the President's stimulus law will give you a single penny, but you'll benefit from it too along with the rest of us. Now go somewhere and grow the hell up. And while you're at it...STFU.

    February 17, 2009 12:24 pm at 12:24 pm |
  14. Jim

    - "Now that the children are all grown with families of their own, the Romneys have too much space and are downsizing and simplifying," Fehrnstrom said. –

    Simplifying from 4 multimillion dollar mansions to two multimillion dollar mansions. That's got to be rough.

    February 17, 2009 12:24 pm at 12:24 pm |
  15. serious

    the biggest con man since bush/cheney

    February 17, 2009 12:24 pm at 12:24 pm |
  16. Mike

    Mitt Romney earned his money??!! Just like the rest of the brilliant business tycoons on wall street? You mean those type of earnings? The kind which some buffoon gives himself a 400 million pat on the back for outsourcing his company to the grave? Yes, Mitt Romney, has sweated for every 100 million he's earned. Yes, the honest sweat of an honest brow.

    Please give us a break.

    February 17, 2009 12:25 pm at 12:25 pm |
  17. Adam from Ohio

    Ah, yes, the Mittster is downsizing by selling the rustic little 9,500-square-foot cabin. I know that after I moved out of my parents' house, they, as empty nesters, decided it was time to unload the 9,500-square-foot cabin, too. Yep. Too bad Mitt didn't become the president–a man who sells the 9,500-square-foot cabin after the kids move out definitely understands what we little people face every day.

    February 17, 2009 12:25 pm at 12:25 pm |
  18. Scot

    democrats just wish they had the talent and intelligence to become super rich in the private sector....because they don't have the talent and intelligence to earn it in the private sector, they have to do it via the public sector at the expense of taxpayers.......

    February 17, 2009 12:26 pm at 12:26 pm |
  19. donna

    LOL @ James...can't just stick to the topic without dragging out an insult towards Obama...stick to the topic...this is about Romney, not Obama...

    February 17, 2009 12:26 pm at 12:26 pm |
  20. Chimp

    9500 sq. ft. CABIN?!?

    February 17, 2009 12:27 pm at 12:27 pm |
  21. change in America

    Get rid of these rich republican I need some money to pay my rent...Republicans are for rich people....Vote republicans out the office 2010

    February 17, 2009 12:27 pm at 12:27 pm |
  22. Tracy M.

    Good thing global warming is just a liberal conspiracy cooked up by a bunch of lazy, tree-hugging Democrats, or I'd really worry about that house lit up like a friggin' Christmas tree.

    February 17, 2009 12:27 pm at 12:27 pm |
  23. chuck

    It has become more and more difficult to believe that any politician can really "understand your pain".

    February 17, 2009 12:28 pm at 12:28 pm |
  24. Eric

    Response to Ellis's comment "Wouldn't surprise me if this was done for political purposes. I bet he's thinking about running again in 2012, and doesn't want to be caught in the same trap that McCain was"

    Since when is success and prosperity looked down on in this country. I wish everyone was able to say "I don't know how many houses I own" Some people actually work, and make intelligent decisions for their money instead of begging the government for a life line. Take some responsibility in your life.

    People who talk down about the successfull and wealthy in this country are a disgrace.

    February 17, 2009 12:28 pm at 12:28 pm |
  25. Jason

    Why do they think need to live these overly excessive lifestyles? They become delusional of want they think they need and want they want. In the end it's all about me me me, THEN they become entitled to consume EVERYTHING and ANYTHING.

    February 17, 2009 12:28 pm at 12:28 pm |
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