2025-05-28T14:13:23Z
Investor Barbara Corcoran found a buyer for her $12 million Manhattan penthouse in one day.
The “Shark Tank” host bought the home for $10 million and spent more than $2 million renovating it.
She will likely not make a profit and has said it doesn’t matter since “real estate is emotional.”
Barbara Corcoran waited over 20 years to buy her dream penthouse in New York City.
She found a buyer for the penthouse in one day — but she’s not making a giant profit.
On May 8, the real estate mogul and “Shark Tank” investor listed her 4,600-square-foot penthouse in Manhattan for $12 million. It went into contract on May 9.
Corcoran and her husband, Bill Higgins, bought the unit in 2015 for $9.95 million and spent about $2 million on renovations.
The final sale price won’t be known until the deal closes, but the New York Post reported that a bidding war broke out over the home and that it is selling for above the asking price.
It’s unlikely Corcoran will make a sizable return on her investment, but she said she’s at peace with that.
“I never thought I would ever leave,” Corcoran told The New York Times. “It’s easy to spend money when you’re building a lifelong dream. For me, real estate is emotional.”
In 1992, when she was working as a messenger delivering letters, Corcoran’s route took her to 1158 Fifth Avenue, a co-op building overlooking Central Park on Manhattan’s Upper East Side. Corcoran told the penthouse owners to give her a call if they ever decided to sell. Twenty-three years later, they did.
Corcoran, now 76, and Higgins found a duplex home challenging as they aged and are moving to a single-story apartment in the same neighborhood.
Take a look inside the five-bedroom duplex that Corcoran feels was a worthwhile investment, even if it doesn’t end up earning her a huge profit.
Barbara Corcoran purchased the Upper East Side duplex for $9.95 million in 2015.
Melanie Greene
More than 20 years after she first saw it, she was financially in a position to buy it.
Melanie Greene
She spent about $2 million renovating the apartment.
Melanie Greene
The penthouse has five bedrooms, five full bathrooms, and two half-bathrooms.
Melanie Greene
The kitchen, which is now on the top floor, gets great sunlight.
Melanie Greene
The home’s main attraction is just off the kitchen: the solarium turned dining room.
Melanie Greene
Many rooms, including the solarium, have views of Central Park.
Melanie Greene
The L-shaped terrace is more than 800 square feet and overlooks Central Park’s iconic reservoir.
Melanie Greene
