Barbara Corcoran’s Stunning Penthouse Sells in Just One Day

Barbara Corcoran : Photo Credit: Facebook

Barbara Corcoran, the renowned real estate mogul and longtime investor on "Shark Tank," has once again proven her expertise in the luxury market. Her breathtaking New York City penthouse, dubbed the "Palace in the Sky," found a buyer within just 24 hours of being listed.

The duplex penthouse, located at 1158 Fifth Avenue, was put on the market for $12 million. According to the latest Olshan Luxury Market Report, the property attracted multiple bidders and ultimately sold for over the asking price. While the final sale amount and the identity of the buyer remain undisclosed, the swift transaction underscores Corcoran’s ability to navigate the high-end real estate market with precision.

The 4,600-square-foot residence boasts four bedrooms, four full baths, and two half baths, along with a stunning terrace overlooking Central Park. Corcoran originally purchased the penthouse in 2015 for $10 million and invested an additional $2 million in renovations, transforming it into a dream home with a library, fireplace, and a butler’s pantry.

Despite her deep attachment to the property, Corcoran decided to sell in favor of a single-story apartment in the same Carnegie Hill neighborhood. She cited convenience as the primary reason, noting that she and her husband, Bill Higgins, preferred to avoid the hassle of navigating stairs.

Corcoran’s ability to sell her penthouse so quickly speaks to her deep understanding of the luxury market and her reputation as a savvy negotiator. As she bids farewell to her "Palace in the Sky," she leaves behind yet another success story in the world of high-end real estate.

For more details, you can check out the full report here.