Mitt's Crib in La Hoya...

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

1 of 6

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.