Webster University’s Chancellor House Sold for $1.2 Million
March 28, 2025
Webster University has sold the “Chancellor House” for $1.2 million; it was announced today.
The 4-bedroom 3,430 square-foot home, located at 102 Mason Avenue in Webster Groves, was purchased by the University in 2012 for $935,000 to be used as the official residence of the University Chancellor. However, when new Chancellor Tim Keane was recruited and hired, he turned down the offer to live in the home and directed that it be sold to support Webster's financial turnaround.
“The money from this sale will be returned to the University and used to support Webster’s mission of delivering the highest quality education to our students,” Keane said.
The idea to sell the house was originally announced in August as part of the Kairos Strategic Planning process that Keane initiated when he started as Chancellor. The Webster Community has unified around the new direction and the most recent financial audit shows that Webster will end the fiscal year with positive cash flow for the first time in more than a decade.