(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."
Republicans who? The entire party should have retired with Bush!
The "cabin" has 9.5 bathrooms, enough to hold all of Romney's crap.
Mr. Romney is doing this in prep for 2012, so he can properly answer, how many homes he has. No more Romney, Huckabee,Palin, or Pawlenty...... PLEASE???!!!
Where I live, we don't call 9500 sq ft a "cabin". We call it a neighborhood.
Who would question that the Romney's have too much space and need to downsize?
My guess is that he doesn't want to fall victim to one of the problems that plagued John McCain's campaign. It's easier to remember how many houses you have if you cut back on a few of them.
The only thing I have to unload is last night's beans!
And that house in La Jolla is relatively small and cheap! Beautiful out there! Mitt Can I come for a visit?
..ahhh.- just like the rest of us that simply decided to unload a mansion or two....
Poor Mitt. These people have no idea of what it is like to the little guy who has to sell his one and only home. Or to have to lose it.
at least Romney is not confiscating our hard earned dollars like obama
He is perfectly correct to sell homes he doesn't need. WHY IN THE WORLD would a man and his wife need all that space. WHY IN THE WORLD would he have them at all.
does not want to be compared to McCain's seven homes.
Regular people are losing jobs left and right and HE has FOUR mansions????? There is a problem with this analogy.... Yeah, I really feel sorry for HIM... Four mansions!!! Start giving them to the American people, that may help some!!!!
no tax breaks for the RICH, so MITT shedding their excesses....this are the guys that want to figure out how to fix our economic problems?!
Noah, you got it all wrong. Liberals hate everybody. Unless you are a terrorist or an illegal.
Yes and Obama is an elitist! lol
Is this so he can run as the everyday man in the next presidential election, or is he avoiding being tripped up on the question of how many houses he owns – you know, like the angry, old and disconnected John McCain ?
Romney has to sell his property to pay on the bill for the people that made "bad decisions" and the greedy. The ones that Franks & Co. forced the banks to loan money to and the greedy that saw a chance to make a lot of quick money.
.Am not knocking him, because he is successful this is the America way however how can he understand what the average
American is going through. They can't see beyond their nose.
And it's not that they don't care is that they just don't understand.
James you need to get a life. Because you dont know what people are involve with went you buy a house. Also the REP., only care about their own the rich, for those who make the comment about Dem.,
are you Rich, because if you not get with the program. They just dont
understand the needs of the American people.
He's selling his Utah "cabin?" Maybe somebody finally pulled him aside and told him the 2002 Olympics really were going just fine before Mitt came in and "saved" them.
Noah, you wrote: "Liberals don't hate rich Americans, they hate rich Republicans." I am a moderate independent though that too you'd probably pigeonhole as "liberal." I'd greatly appreciate if you'd stop telling everyone X, Y and Z as if you are God. How about asking us, talking with us and not to or at us, being in this boat together instead of trying to push others off? Love America or leave it, Noah!
My definition of ski cabin just greatly expanded. By about 9000 sq. feet. Poor, poor Romney. I am sure he truly can relate to us!
Johnny Maverick McCain wants to buy one of them....charge it to the wife and forget about it.
POOR ROMNEY FAMILY HE'S THINKING ABOUT RUNNING 2012 SO PPL LIKE US DONT CALL HIM RICH GUY WHO HAS 8 HOMES LIKE MCBUSH.
I AM UNEMPLOYED BUY NOT FOOL
GOP WE SMARTER THEN U THINK