Developer David Walentas ups the ante on Hamptons listing

Two Trees founder relisted mansion for $37M

David Walentas in front of 199 Coopers Neck Lane in Southampton (Getty Images, Brown Harris Stevens)
David Walentas in front of 199 Coopers Neck Lane in Southampton (Getty Images, Brown Harris Stevens)

Is two a lucky number for David Walentas? The developer is about to find out after listing his Southampton mansion for a second time.

The Two Trees Development founder relisted the home at 199 Coopers Neck Lane for $37 million, the New York Post reported. The ask is $2 million more than the developer, known for building up much of Brooklyn’s Dumbo neighborhood, listed the estate for $35 million following two years of renovations.

Walentas purchased the century-old home with his late wife, Jane, in 2019 for $11.6 million. The developer intended to fix it up and sell it, dedicating extra time to the 17,000-square-foot property after handing day-to-day operations of Two Trees to his son, Jed.

Jane died at 76 years old of lung cancer in 2020, according to the Post.

The renovation created higher ceilings, larger windows and a four-car garage, in addition to a pool house, solarium and greenhouse. The cost of the renovations was at least $10 million.

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Other features of the home include 11 bedrooms, 12 bathrooms and two powder rooms. There are two gated driveways and an all-weather tennis court has been proposed, according to the Post. The estate is very close to Southhampton’s Cooper’s Beach as well.

Christopher Burnside of Brown Harris Stevens is the listing agent for the property.

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Selling the Hamptons home would be just the latest feather in the cap of Walentas, who notched a major success for Two Trees late last year when the company struck a deal with Brooklyn City Council member Stephen Levin to ensure approval of River Ring, the firm’s 1,050-unit development on the Williamsburg waterfront.

The developer managed to steer the project through the land use review process in only four months. To score approval, Two Trees agreed to fund more than 150 units of senior housing in the community district and push $1.7 million toward neighborhood environmental improvements.

[NYP] — Holden Walter-Warner