Real estate mogul Barbara Corcoran, known for her role on “Shark Tank” and as the founder of The Corcoran Group, is selling her stunning penthouse on the Upper East Side, which boasts breathtaking views of Central Park. Acquired in 2015 for $10 million, the luxurious 11-room co-op located at 1158 Fifth Avenue is now listed at $12 million.
Corcoran’s connection to the penthouse stretches back to 1992 when, while working as a messenger to support herself, she first laid eyes on it. Struck by its beauty, she famously asked the previous owner to notify her if it ever came on the market. This dream became a reality two decades later when she purchased the property.
Reflecting on her home, Corcoran noted, “I never thought I would ever leave,” emphasizing the emotional connection she has to real estate. She and her husband, Bill Higgins, undertook an extensive 18-month renovation, which transformed the layout and added modern amenities while preserving its original charm through a stunning curved staircase.
Upon entering the penthouse via a semi-private elevator, guests are welcomed into a double-height foyer that leads into an airy living room with five expansive windows facing Central Park, complemented by 12-foot ceilings and custom moldings. The primary suite features a dressing room and en-suite bath, while two additional bedrooms come complete with private baths and an office space.
Professionally staged by Vesta Home, the penthouse is designed to create a seamless flow and aesthetic appeal. Christina Slater, creative director at the firm, highlighted the significance of the staircase and views of the treetops that enhance the overall experience of the space.
The upper level features an exquisite glass solarium ideal for dining and entertaining. This floor also includes a chef’s kitchen outfitted with high-end appliances and a landscaped terrace perfect for relaxation and outdoor gatherings.
The building itself, designed in 1924, offers luxury amenities such as a 24-hour doorman, concierge service, and a fitness center, with monthly maintenance fees nearing $11,700.
This sale not only marks a personal transition for Corcoran but also showcases the enduring allure of New York City’s real estate market, where unique properties continuously attract interested buyers.