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Romney Wins in California!

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Services for Real Estate Pros with William T. Zumwalt CPA, CTC "The Tax Coach for REALTORS"

In 2008 Mitch and Ann Romney bought a home in LaJolla California. The cost was a mere  $12,000,000.  Seems the Romney’s wanted a home where they could hear the ocean.  Well they also wanted to tear down the existing home and rebuild on the property a new 11,000 square foot house. If you stop to think about t they needed room for their five married sons and 23 grandchildren to visit.

Most of the home was on the first floor and basement and did not have an adverse effect on the views of any of their neighbors.  So, how did Romney take the vote in California?  Seems a former neighbor appealed to the California Coastal Commissions to stop the Romney’s from building their dream home on the beach at LaJolla. Well on October 11th the Romney’s won on a vote of 7 to 4 to allow them to build the house and they also own their part of the beach as well.

Wonder what the  property taxes in California are for a house like this?

Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS

William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com

Show All Comments Sort:
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

I think Romney can afford it! I wonder about people's motivation on things like this.

Oct 30, 2013 10:21 PM
Elise Harron
Dirt Road Real Estate - Kingman, AZ
Rural Vacant Land and Development Specialist

I guess it's better to invest in Real Estate with a fortune like that rather than spend three times that amount on vacations (with other peoples money).  I think I better stop while I'm ahead - and definately before I start naming names! 

Is Romney's realtor a Rainer?

Oct 31, 2013 10:38 AM
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine
I have to give the Romney;s credit for having such a large family when everyone else is downsizing It is an unselfish act to have a large family in a culture that ha said by their actions we do not want kids. There is more to Romney than meets the eye. Enjoy the home.
Oct 31, 2013 01:45 PM