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Republican Mitt Romney Downsizing

by Marquette Turner

in Features, Rich & Famous

Mitt Romney, the world’s most famous Mormon, failed Republican Presidential Candidate, former Massachusetts Governor, and the man that was instrumental in running the 2002 Winter Olympics in Salt Lake City, has put two of his four mansions on the market in an effort to “downsize”.

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His homes in Utah and Massachusetts’s are for sale as the Mitt and his wife Anne come to terms with the children all having grown up and left home, and their being “more space” than they could possibly require.

The Utah mansion, a 9,500-square-foot, wood-beamed ski villa on Rising Star Lane in Deer Valley, has an asking price of $5.25 million USD.

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The second mansion, in Belmont, Massachusetts, a three-story, 6,400 foot, 13-room Colonial mansion, which sits on 2.44 acres, is expected to fetch about $3 million.

The Romney’s are keeping their other homes, a $10 million USD home on the shore of Lake Winnipesaukee in Wolfeboro, New Hampshire, and a $12 million USD beach compound in La Jolla, California.

With an estimated wealth of more than $300 million USD, with another $100 million USD held in trust for his children and grandchildren, it is highly unlikely that the global economic issues that are impacting on many people’s decision to sell has any influence in this particular case.

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Simon Turner

Images of the Utah property courtesy of Preview Utah

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