Barbara Corcoran Lists Central Park Penthouse for $12 Million

News Summary

Business mogul Barbara Corcoran has put her Central Park penthouse on the market for $12 million after an emotional farewell. The 76-year-old real estate expert expressed her attachment to the property, which she purchased in 2015. The penthouse features 4,600 square feet of luxurious living space, stunning views, and upscale amenities. Corcoran and her husband decided to downsize due to practical considerations as they age. This listing offers potential buyers a chance to own a piece of luxury living in New York City.

New York – Business mogul and television personality Barbara Corcoran has listed her Central Park penthouse for $12 million after an emotional farewell. The 76-year-old real estate expert made her sentiments public through an Instagram post, reflecting on the emotional aspects of real estate and expressing her attachments to the property. Corcoran described the penthouse as a “beautiful palace in the sky” and noted how significant the home has been throughout her life.

The penthouse, located on Fifth Avenue and 97th Street, covers 4,600 square feet and offers stunning views of Central Park along with a range of luxurious features. Originally purchased by Corcoran in 2015 for $10 million, she was inspired to buy it after a long-standing affection dating back to 1992. At that time, she was working a side job delivering envelopes for a messenger service and fell in love with the home’s terrace and expansive views.

Corcoran invested an additional $2 million into renovating the space over 18 months, turning the penthouse into a modern living environment, which her broker describes as a “multilevel jewel box.” The apartment features five bedrooms, five full baths, and two half baths, and is designed with upscale amenities including a library with a wood-burning fireplace, a butler’s pantry, and a unique glass solarium dining room that was previously a greenhouse. Outdoor dining is facilitated by a landscaped terrace, perfect for entertaining or enjoying the views.

Monthly upkeep for the penthouse is approximately $11,000, a factor that, along with other practical considerations, influenced Corcoran and her husband Bill Higgins’s decision to sell. The couple, both in their 70s, have found navigating the curved staircase within the penthouse challenging as they age. Therefore, they plan to downsize to a one-story penthouse within the same neighborhood of Carnegie Hill.

Barbara Corcoran is known for her substantial contribution to the real estate industry, having sold her company, The Corcoran Group, for $66 million in 2001. She has also gained notoriety as a long-time investor on the television show “Shark Tank,” where she has successfully closed over 650 deals. Corcoran’s annual investment income is estimated at around $4.5 million.

The building where her penthouse is located boasts a variety of amenities that include a 24-hour doorman, a concierge, and a fitness center, all contributing to the luxurious lifestyle associated with the property. Corcoran’s history with the penthouse showcases the emotional ties that can be formed with real estate, illustrating how a home can influence one’s life journey over decades.

As the listing goes live, the penthouse presents a unique opportunity for potential buyers to own a piece of a storied past, coupled with the modern comforts and stunning views that characterize luxury living in New York City.

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