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





    Related Articles

    arrow_forward_ios
    Robert Futterman charged with DUI in Hamptons car crash
    Robert Futterman charged with DUI in Hamptons car crash
    Robert Futterman charged with DUI in Hamptons car crash
    9 Prospect Park West and 2 Northside Piers in Williamsburg (Photos via Google Maps and 2 Northside Piers/Facebook)
    A Park Slope co-op was one of the priciest deals inked last week
    A Park Slope co-op was one of the priciest deals inked last week
    42 Old Montauk Highway, Montauk
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    220 Central Park South with Michael Cantanucci and 378 West End Avenue (Photos via Getty Images, Jim.henderson/Wikimedia, 378WEA)
    Discounts for Manhattan’s luxury homes have shrunk
    Discounts for Manhattan’s luxury homes have shrunk
    Gov. Andrew Cuomo (Getty/Illustration by Kevin Rebong)
    NY flooded with nearly 100K rent relief applications in two weeks
    NY flooded with nearly 100K rent relief applications in two weeks
    Los Angeles, New York and Miami metro areas are in the top 10 of owner-occupied million dollar homes. (iStock)
    These metro areas have the most — and fewest — million-dollar homes
    These metro areas have the most — and fewest — million-dollar homes
    A closer look at Compass’ trail of litigation over its business tactics
    A closer look at Compass’ trail of litigation over its business tactics
    A closer look at Compass’ trail of litigation over its business tactics
    Salesforce CEO Marc Benioff and Amazon's Jeff Bezos are backing the startup (Getty, Arrived)
    Bezos-backed Arrived Homes is latest startup to expand real estate investment
    Bezos-backed Arrived Homes is latest startup to expand real estate investment
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...