Buyers who purchased M Naperville mansion for record price to sell portion of site to create 4 new homesites

Buyers who purchased $8M Naperville mansion for record price to sell portion of site to create 4 new homesites

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The buyers who late last year paid what at that time was reported to be a DuPage County residential sales record amount of $8.076 million for a 9,299-square-foot Naperville mansion now have approval to sell off the easternmost 0.47-acre portion of the original acre-sized site to create four new homesites containing mansions starting at asking prices of $3 million.

Keyur and Megha Trivedi were the November 2023 buyers of the mansion and its land. In September 2021, the mansion was listed for what was another DuPage County record — its $15 million asking price. The mansion had been built in 2018 by Donald Brooks, who had been the owner of McCrone Associates in Westmont, and his wife, Jane, and after Donald Brooks passed away in February 2021, Jane Brooks listed the mansion.

Ultimately, the mansion and surrounding property sold at an October 2023 auction to the Trivedis. However, because of the auction, there is a discrepancy between the amount the Trivedis paid and the amount that Jane Brooks received. Listing agent Katie Minott previously told Elite Street that the buyers did indeed pay $8.076 million but that the seller received $7.425 million. The difference is Brooks received $5.425 million for the mansion and its 0.55-acre lot, and she received another $2 million in a separately recorded transaction for the vacant, 0.47-acre land at the east end of the property. The buyers then paid the auction house another $651,000 — 12 percent of the mansion’s $5.425 million sale price for the mansion — to bring the total amount the buyers shelled out to $8.076 million.

Now, the Trivedis have won approval from Naperville officials to create four homesites on the east side of their property, facing east. Naperville-based homebuilder Lakewest Custom Homes is marketing the four houses as a subdivision called “The West End.” The two proposed mansions to be built on the corners will be available for $3.2 million, while the two in the center of that end of the block will have $3 million asking prices.

Minott told Elite Street that her clients wanted to control the land on the east side of their property.

“They never really thought when they purchased the whole thing that they needed the extra land, but because of the way it was zoned, they thought if they let it go to market and didn’t purchase it, that anything could be built there, including something commercial,” Minott said. “They really love their home being so close to downtown and so close to that energy, and they started playing around with the idea that other people would find the same value downtown. It’s kind of an unparalleled location.”

All four of the mansions will be three stories with full finished basements, and the top floors will have a fourth bedroom and bath, along with an outdoor kitchen and an entertainment space that overlooks downtown Naperville. The proposed homes also will have an elevator for all four levels, along with a fitness center in the basement.

“That whole block was actually single-family homes originally,” Minott added. “It’s a natural end to that west side neighborhood. That’s where it always ended. Keeping that residential focus brings all that charming nature of downtown Naperville — and it’s not too city-ish.”

The Naperville City Council approved the subdivision on July 16.

The Trivedis’ five-bedroom mansion was designed by Charles Cook Architectural Design Studio and has six full bathrooms, three half bathrooms, three fireplaces, limestone and white oak floors, cathedral ceilings, skylights, hand-hewn white oak beams and an on-site studio.

The mansion’s lot had a $97,576 property tax bill in the 2023 tax year.

Goldsborough is a freelance reporter.

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