Sen. Mitt Romney places $11.5M ski resort home on the market Romney sold his $23 million mansion in La Jolla, California, before unloading the ski lodge home
Sen. Mitt Romney, R-Utah, has listed his ski resort home in Park City, Utah for $11.5 million, Mansion Global reported Wednesday.
Romney's home won't be on the market for long, however, as the listing is already marked as having a pending offer — meaning Romney and his wife, Ann, likely lined up a buyer before putting the home on the market, the outlet reported. Romney first purchased the 8,730-square-foot lodge in 2013.
The home, located inside the Deer Valley ski resort, features six bedrooms and eight bathrooms. Romney first purchased the home for $8.9 million.
"The 0.52-acre property has a private ski tunnel to ski in and ski out, multiple decks and panoramic views of the surrounding Wasatch mountains. Inside, the home features an open-concept floor plan, high ceilings, walls of windows and an elevator," MG wrote of the property.
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Deer Valley is a world-class ski resort that has played host to skiing championships and Winter Olympics events.
The listing comes more than a year after Romney sold another mansion in La Jolla, California. That beachfront home, constructed in 2015, sold for more than $23 million.
Deer Valley Utah Park City A Skier is seen on the slopes at the Deer Valley Celebrity Skifest Day 3 held at the Silver Lake Lodge in Deer Valley on December 8, 2013 in Park City, Utah. (Photo by Mark Davis/Getty Images)
I used to teach real estate finance and law prior to the housing debacle after the turn of the century. Each time the gov't repealed old laws or enacted new ones my warnings were treated as conspiracy theories.
The gov't opened the door by repealing law that prevented banks from getting intwined in self-dealing of the real estate market. Then Shumer, Dodd & Frank required lenders to make minority (Sign & Drive) type loans requiring no qualifications. One of the worst results came from the SWIFT system to transfer conveyance of documents and ownership of assets.
Russia leaving the SWIFT system is what is collapsing the World Banks now.
Way to hold your ground and be the voice of good reason. Our backgrounds have some intersection, in that I took a Realestate finance course in University. Was also a Comptroller for a property management firm for a few years. Then the film industry caught my attention and that is where I spent much of the last 30 years. As a hobby I've been working on Tiny House Cities that will be the future. Imagine Cities that are designed so people are working beside people that they get along with the most. They are dynamic so you can live in the single section for a few years and then move to a coupled section or a section with lots of more kids. It's being serious and resourceful while it being fun at the same time The Cities will be ideal for bringing back industry and manufacturing to the US. The model also has as I wrote earlier today, a monetary system based on hours worked and you trade for things in ratios of your banked hours and type of hours worked.
I was writing and teaching real estate pre-licensing and continuing education courses. Wrote a college real estate finance textbook and used to write state exam questions for both real estate and finance licensing. Worked heavily in law and compliance so I spent a lot of time with state regulatory agencies.
They all told me they would have the power of enforcement after the fact so don't worry about it. I explained two bad months would wipe out the brokers and there would be nothing to claw back. I heard a lot of "We Are the Government So Trust Us, We know What We Are Doing".
You definitely worked at a sophisticated and productive level in life. I would call myself a work smarter and save more time to socialize. Congrats for having the disciple to be good at all those things. Are you doing anything now that's exciting? Besides watching History about to do the impossible on GA.win?
Retired 5 years ago at 55 after my shoulder blew up and I sold my retail businesses. I left real estate and mortgage before it all crashed and burned. Moved to the beach and opened a retail business and bought an ice cream & sandwich shop as well.
I'm considering going back to work but have no idea what I want to do since I have worked many different industries in my lifetime. Whatever I do has to be very fun, extremely interesting or pay me a buttload of money.