“Shark Tank” star Barbara Corcoran — long known as a successful business executive — shocked fans when she took viewers inside her mobile home. Yes, her mobile home.
In a TikTok video posted by Caleb Simpson, the creator known to document a host of celebrity houses, Corcoran is seen giving a tour of her humble West Coast pad in affluent Pacific Palisades. The video has already amassed over 5.5 million views.
“Who would have thought Barbara Corcoran would have her own trailer,” Simpson said in the video.
“It’s a called a double-wide,” Corcoran, 74, quipped in response. “Here’s my Taj Mahal,” she added, explaining that she paid $800,000 for the home and invested $150,000 more for renovations.
Her kitchen is equipped with the leftover tiles she has at her New York City penthouse, which overlooks Central Park.
Corcoran told The Post she prefers her mobile home, which boasts ocean views, to her luxe Manhattan pad.
“As beautiful as my New York City penthouse is over the park with all this space, it does not have an ocean,” she said. “And there is no arguing with the ocean. There is an allure to looking at the ocean that can’t be beat in my opinion.”
Made up of three bedrooms and two bathrooms, the property also boasts its own terrace.
Known for taking two baths a day, Corcoran notes in the video that she paid more for her bathtub than all her furniture in the home.
At the time Corcoran purchased the trailer, about five years ago, it was not up for sale for another year. She convinced the previous owner, however, to sell to her at the moment and, in exchange, the previous owner would be allowed to use the home at any time she liked at no cost to her.
Corcoran explained she closed almost every one of her houses that way.
“It’s a part-time home for me … I use it a number of weeks a year and I would be thrilled if she wanted 12 weeks a year honestly,” she told The Post of the former owner. “I like to see people use where I live and make it warmer, and you know, they just leave a little puddle of happiness I feel behind when they move out at the end of the week.”
Despite having a net worth of more than $100 million, Corcoran said she appreciates the “compact space,” as opposed to having a $20 million estate in the same area.
“It’s living small. I always feel like it’s almost living large,” Corcoran said. “I mean, I feel like I use every inch of the space. Well, everything I need is right there.”
“I think it’s preposterous to have a big home and feel lonely in it and rattle around. You might have a good spot in the house, but you don’t feel like the whole house is a spot,” she explained. “This whole thing is my spot hidden right on the ocean.”
Corcoran says she always likes showing off the actual wheels on the home too.
But Corcoran isn’t the first wealthy individual who has invested in a trailer park home in California. An exclusive Malibu neighborhood, known as Paradise Cove and which has been labeled America’s priciest trailer park, holds residents like Stevie Nicks, Minnie Driver and Matthew McConaughey.
On the East Coast is a similar case. In Montauk, a trailer park dubbed Billionaire’s Bunker and known as Montauk Shores has made waves among the elite.
An off-market listing for an 800-square-foot oceanfront Montauk trailer sold for a record $3.75 million early this year. Musician Jimmy Buffett got into a bidding war over the unit back in 2005, but was still outbid by $430,000. Vitaminwater co-founder Darius Bikoff, hedge-fund manager Dan Loeb and film producer Karen Lauder have all invested in a trailer in the community.
Meanwhile, Corcoran told The Post that even some of her fellow sharks have considered buying a trailer in one of these parks.
“Values in that [trailer] park, honestly, have more than doubled-and-a-half in those five years. So I didn’t expect to make money on this thing,” Corcoran said. “But when it comes time to sell — which will be never — I’m sure I’ll make a lot of money on it. And maybe someone will knock on my door and ask me to move out … how’s that for a switch?”
Known as the Queen of New York Real Estate, Corcoran founded The Corcoran Group, one of the largest real estate brokerages in New York City today, which she sold to NRT for $66 million in 2001.
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