Howard Lutnick, CEO of Cantor Fitzgerald and Trump's nominee for commerce secretary, is nearing a deal to purchase Bret Baier's upscale DC mansion, potentially breaking local real estate records.
The Baiers acquired the 1.5-acre property in 2018 for $5.4 million before investing roughly $25 million to construct the 16,250-square-foot mansion, which features unparalleled luxury.
As incoming administration officials search for prestigious properties in Washington, Lutnick's transaction is seen as a significant boost to the high-end housing market in the area.
If the deal surpasses the DC residential record, it could be a boon for the whole market, indicating a continued demand for luxury real estate in Washington.
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