Soon after his first unsuccessful presidential campaign in 2009, Senator Mitt Romney of Utah, former governor of Massachusetts, decided to sell the luxury Park City mountain home he had built. He sold it for about $5,000,000, and it has once again come on the market, with numerous upgrades, for $15,500,000, TopTenRealEstateDeals.com reported.
Romney amassed considerable wealth through Bain Capital, which he cofounded, and then turned to politics. Mitt was the 70th governor of Massachusetts, from 2003 until 2007, and has been a Utah senator since 2019. He ran for president in 2008 but failed to get the party’s nomination, which went to late senator John McCain. He ran a second time in 2012 against Barack Obama and lost.
In 1999, Romney built a stunning retreat on the edge of Park City. The 12,063-square-foot mansion sits in a community of only 12 homes, each on large parcels similar to his own 16.5 acres. Located near and overlooking Deer Valley, the six-bedroom, nine-bath log home is perfect for entertaining friends and family who enjoy skiing, hiking, fishing, and all the amenities of the resort city. It lends a feeling of being one with nature. Its log construction, large expanses of glass for views, and towering stone fireplace bring an element of coziness to the large home. High vaulted and open-beamed ceilings give an illusion of even more space.
The current owners say they have spent millions in redesign and upgrades since they purchased it in 2009. They relocated the original kitchen and added heated outdoor decks, fire pits, and a 20-person hot tub. They also bumped up the landscaping by planting trees and installed a garden pond with a game camera to film the wildlife that come to drink. The home sits amid a forest of spruce, aspen, and oak, with stunning views of Deer Valley Ski Resort.
The ski slopes and charm of Park City are much favored by the celebrity clan, and one never knows when the skier behind you might be Will Smith, Michael Jordan, Justin Bieber, or even Taylor Swift. In past decades, it was Sun Valle, Idaho, that received all the celebrity attention, however, it wasn’t long before they started to branch out, looking for a change of slopes and new town amenities.
When it comes to location, location, location, Romney is known for his attractive real estate holdings and has owned at least 16 properties in recent years. He currently he is down to three: an oceanfront home in La Jolla, Calif.; a condo in Belmont; and his Wolfeboro, N.H., home on Lake Winnipesaukee.
Paul Benson of Engel & Volkers has the Park City listing.