What's Happening?
J. Michael Luttig, the retired general counsel of The Boeing Company and a former federal appeals court judge, has sold his Lake Forest mansion for more than $3.3 million. Luttig, who served as Boeing's
top lawyer from 2006 until his retirement in 2019, originally purchased the six-bedroom, 7,256-square-foot property in 2006 for $3.7 million. The house, built in 1961, features a renovated library, a media room, and a four-seasons room, among other amenities. The property was initially listed in May 2024 for over $4.3 million, with the price being reduced several times before the sale. The Luttigs have since relocated to South Florida.
Why It's Important?
The sale of Luttig's mansion reflects broader trends in the real estate market, particularly in high-value areas like Lake Forest. The transaction highlights the challenges of selling luxury properties, as evidenced by the multiple price reductions before the sale. This event also underscores the movement of high-profile individuals, such as Luttig, from the Midwest to other regions like Florida, which may impact local economies and real estate markets. Additionally, Luttig's prominence as a critic of President Trump adds a layer of public interest to the sale.
