GOP cribs: Where the candidates live

It may not be 1600 Pennsylvania Ave., but the presidential candidates reside in some pretty nice digs. Here's a look at where they live -- at least, for now.

Mitt Romney
Mitt Romney
Location: La Jolla, Calif.
Estimated value: $9.6 million

Out of all of the candidates, former Massachusetts Gov. Mitt Romney owns the most real estate, including a townhouse in Boston and this beachfront home in La Jolla, Calif.

Romney bought the home in May, 2008 for $12 million, according to public records. Now, he is planning a massive overhaul of the place.

The Spanish-style home is on a cul-de-sac with direct access to the beach. There are plenty of luxury features like a secluded patio with a lap pool, spa and a chef's kitchen.

Zillow currently values the home at $9.6 million, but that's about to change. Romney has filed an application with the city to tear down the 3,000-square-foot, single-story property and build a more than 8,000-square-foot, three-story home, according to the city of San Diego's development services department.

Home values are based on Zillow's market analysis, which accounts for special features, location and comparable sales, among other factors.
By Jessica Dickler @CNNMoney - Last updated January 13 2012: 12:42 PM ET
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