Developer David Walentas lists Hamptons mansion for $35M

Two Trees founder bought the property in 2019 for $11.6M

Tri-State /
Apr.April 29, 2021 09:30 AM
David Walentas and 199 Coopers Neck Lane (Getty, Tim Davis)

David Walentas and 199 Coopers Neck Lane (Getty, Tim Davis)

What started as a weekend project turned into a more extensive undertaking for Two Trees Management founder David Walentas.

The developer, who built up much of Brooklyn’s Dumbo neighborhood, recently listed a Southampton estate for $35 million after two years of renovations, the Wall Street Journal reported.

Walentas bought the century-old home with his late wife Jane in 2019 for $11.6 million, intending to fix the place up and sell it once renovations were complete. After his son Jed took over day-to-day operations at Two Trees, David Walentas used the extra time to work on the 17,000-square-foot property.

Some highlights of the renovations include higher ceilings, larger windows and a four-car garage. Walentas also added a pool house, solarium and greenhouse, per the report.

“This is a brand new house in an old shell,” Walentas told the publication.

The renovations have taken roughly two years and are set to be completed in the summertime. The cost for all the changes are about $10 million, the publication reported.

Christopher Burnside of Brown Harris Stevens is the listing agent.

[WSJ] — Cordilia James





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