Rex Tillerson House: Complete Guide to His Real Estate Portfolio

Rex Tillerson house in Washington DC sold for $6.5 million in 2024, located in the exclusive Kalorama neighborhood. The former Secretary of State also owns a massive 16,238-square-foot Texas estate purchased from MLB star Vernon Wells for an undisclosed amount in 2019.

Former Secretary of State Rex Tillerson has made headlines not just for his political career, but also for his impressive real estate moves. The veteran oil executive recently sold his Washington DC townhouse for $6.5 million after purchasing it in 2017 for $5.5 million. His property portfolio tells the story of a man who knows how to invest in prime locations.

This guide covers everything about Rex Tillerson’s houses, from his profitable DC sale to his sprawling Texas estates. You’ll discover the details behind these high-value transactions and what they reveal about luxury real estate in America’s power centers.

Washington DC Townhouse Sale

Rex Tillerson’s Washington DC house went pending at $6.5 million in early 2024, representing a $1 million profit from his 2017 purchase price of $5.5 million. The four-story townhouse sits in Kalorama, one of DC’s most prestigious neighborhoods.

The Kalorama location puts Tillerson’s former home in the same neighborhood as the Obamas and Ivanka Trump. This area has become the go-to destination for high-profile political figures and wealthy professionals.

The colonial revival home spans over 5,700 square feet with three to four bedrooms and three bathrooms. Built in the late 1920s, the semi-detached home features a basement, three fireplaces, and a two-car garage. The traditional elegance and prime location made it an attractive investment during Tillerson’s cabinet tenure.

Tillerson purchased the property on February 10, 2017, just over a week after his Senate confirmation as Secretary of State. The timing shows how quickly he moved to establish a DC residence for his government role.

Texas Estate Purchase from Vernon Wells

In 2019, Rex Tillerson purchased a massive 16,238-square-foot mansion in Westlake, Texas from retired MLB All-Star Vernon Wells. The estate features five bedrooms, 7.5 bathrooms, and sits on 2 acres with a private lake.

The custom-built home reportedly broke the Tarrant County record for residential home sales. While the exact purchase price wasn’t disclosed, reports suggest Tillerson paid around $6.5 million for the property.

Wells originally built the mansion in 2010, creating a custom residence in the exclusive Vaquero golf community. The estate represents the pinnacle of luxury living in North Texas, complete with resort-style amenities and premium finishes.

At 16,238 square feet, the property rivals the size of government buildings and comes packed with high-end amenities. The home showcases what’s possible when unlimited budgets meet prime Texas real estate.

Additional Texas Properties

Rex Tillerson’s Texas real estate extends beyond his Westlake mansion. He owns a 31,000-square-foot home valued at $2.3 million, complete with stables and barns. This property sits two miles from his Bar RR Ranch, where he and wife Renda breed and train cutting horses.

The Tillersons’ primary residence has historically been in Bartonville, though they’ve maintained multiple Texas properties throughout their marriage. Their real estate portfolio reflects their deep Texas roots and agricultural interests.

The former ExxonMobil CEO also previously owned a waterfront mansion in Horseshoe Bay. In 2022, Tillerson sold this property to former Baylor coach Art Briles. The sale shows his willingness to adjust his portfolio as circumstances change.

Kalorama Neighborhood Analysis

Kalorama has become Washington DC’s premier address for political elites and business leaders. The neighborhood offers several advantages that attracted Tillerson and other high-profile residents.

Privacy and security top the list of benefits. The area provides discreet living arrangements essential for cabinet-level officials. Tree-lined streets and historic architecture create an exclusive atmosphere away from DC’s political chaos.

Location matters equally. Kalorama sits minutes from downtown DC, the State Department, and other government buildings. This proximity made Tillerson’s daily commute manageable during his tenure as Secretary of State.

Property values in Kalorama have shown consistent appreciation. Tillerson’s $1 million profit in just seven years demonstrates the neighborhood’s investment potential. Similar homes continue commanding premium prices due to limited inventory and high demand.

Investment Performance Analysis

Tillerson’s real estate moves show sophisticated investment strategy. His DC townhouse generated an 18% return over seven years, translating to roughly 2.5% annually. While modest compared to stock market returns, real estate provided stability during volatile political periods.

The Texas purchases reflect different motivations. The Vernon Wells estate likely serves as a primary residence and lifestyle investment rather than pure profit play. The property’s record-breaking price suggests Tillerson prioritized luxury and exclusivity over investment returns.

His diversified approach across multiple states and property types shows risk management. Texas properties provide agricultural and recreational value, while the DC townhouse served strategic political purposes.

Market Impact and Trends

High-profile sales like Tillerson’s influence local market perceptions. Celebrity and political figure transactions often set pricing benchmarks for similar properties. His $6.5 million DC sale helps establish value expectations in Kalorama’s luxury segment.

The timing of his DC sale coincides with broader luxury real estate trends. Post-pandemic market conditions have favored sellers in premium neighborhoods. Tillerson’s quick sale suggests strong demand for well-located DC properties.

Texas luxury markets have similarly benefited from population growth and economic expansion. The Westlake area where Tillerson purchased continues attracting wealthy buyers seeking suburban luxury with urban access.

Future Outlook

Rex Tillerson’s real estate portfolio positions him well for future market changes. His Texas properties benefit from the state’s continued population and economic growth. No state income tax provides additional financial advantages for high-net-worth individuals.

The DC market faces uncertainty with changing political dynamics. However, Kalorama’s established reputation should maintain property values regardless of political shifts. The neighborhood’s historic character and limited supply support long-term appreciation.

Agricultural properties like Tillerson’s horse ranch offer unique value propositions. These assets provide personal enjoyment while potentially appreciating due to land scarcity near major metropolitan areas.

Conclusion

Rex Tillerson’s house transactions reveal strategic thinking beyond politics and business. His $1 million profit on the DC townhouse shows smart timing and location selection. The massive Texas estate purchase demonstrates commitment to luxury living in his home state.

These property moves offer insights for luxury real estate investors. Location, timing, and diversification across markets and property types create portfolio stability. Tillerson’s success in both political and real estate arenas shows the importance of understanding market dynamics.

Ready to explore luxury real estate opportunities? Contact our expert agents to discover premium properties in your target markets. Whether you’re seeking political proximity in DC or Texas luxury living, we’ll help you find the perfect investment property.