The Atterbury Estate. Real estate developer David Walentas has listed his Southampton estate for $37 million.
The sprawling estate, designed by world-renowned architect Grosvenor Atterbury, dates back to 1913.
The Atterbury Estate includes 11 bedrooms, a custom solarium, and a heated swimming pool.
A three-acre Southampton estate owned by NYC real estate developer David Walentas is on the market for $37 million.
Exterior shot of The Atterbury Estate. Walentas, the founder of real estate development company Two Trees Management , purchased the Atterbury Estate in 2019 for $11.6 million, according to Realtor.com listing records .
But now, just three years later, Walentas is putting the Hamptons property up for sale .
Walentas, 84, is best known for transforming Brooklyn’s Dumbo neighborhood — once a dangerous and decrepit parcel of land under the Brooklyn Bridge — into an upscale residential and commercial center. According to Forbes, he owns dozens of properties across the neighborhood and has an estimated net worth of $2.3 billion. The Atterbury Estate is more than a hundred years old.
Aerial shot of The Atterbury Estate. Completed in 1913, the estate is named after renowned architect Grosvenor Atterbury . Atterbury was a prolific architect in his day, designing the American wing of the Metropolitan Museum of Art, and several other historic Hamptons residences , among other works.
Despite its rich history, the mansion was a “total wreck” when Walentas bought it in 2019, he told The Wall Street Journal last year.
As a result, Walentas worked with a team of architects and designers to have extensive renovation works done on the home over a period of two years, Christopher Burnside of Brown Harris Stevens which holds the listing, told Insider.
“When Mr. Walentas purchased the property in 2019, the entire interior had already been stripped down to the studs, so only the exterior brick facade remains from the original 1913 home,” Burnside said.
“Every detail was poured over by the team and was vetted through a system of approvals to ensure it kept within the original design while incorporating modern elements including high ceilings, completely custom cabinet details, and high-tech smart home systems,” he added.
The cost of the home is quite a bit higher than the median listing price of homes in the Southampton area. According to Realtor.com , the median list price is $2.4 million, and the median sold home price is $1.2 million. Walentas did not immediately respond to Insider’s request for comment. The three-floor mansion comprises 14,619 square feet of living space with modern amenities. One of the estate’s living rooms. While the property’s historic red brick exterior has been kept intact, its interiors have been completely overhauled with a more contemporary look that includes features like beamed ceilings.”Mr. Walentas was determined to update the residence with a new modern interior and two additions, taking cues from and re-interpreting original details, materials, and layout to suit a contemporary lifestyle,” Burnside told Insider.S
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