La Jolla, Calif., beachfront property
When Romney bought his $12 million La Jolla home in 2008, he told the media he wanted to be somewhere where he could " hear the waves." Apparently a home on the high-priced California coast, ( median La Jolla home values hit $1 million), was the right location.

It may be the ideal location, but it isn't quite the ideal home, at least not yet. In August, Romney filed an application with the city to bulldoze the single-story beachfront home and replace it with a larger, two-story home. A representative for the politician explained: " The Romneys want to enlarge their two-bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs."

The renovation wouldn't begin until after the campaign, the rep said.

Belmont, Mass., townhouse
Romney's recent real estate purchase is the most modest on the list. In June 2010, he and Ann bought a 2-bedroom townhouse in suburban Belmont. According to property listing information, the Romneys paid $895,000 for the 2,100-square-foot home in the new residential development The Woodlands.

Since selling their Belmont mansion, this is the first property the Romneys owned in the Boston area in two years. Previously, they claimed a basement apartment in their eldest son's home as their legal Massachusetts address.

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