B
arbara Corcoran's dream home was discovered in 1992 when she delivered a package to a Manhattan penthouse. The future Shark Tank star told the owner, "If you ever decide to sell, call me." Over two decades later, Corcoran received the call and purchased the apartment for $10 million.
Corcoran credits her vivid imagination with driving her success in real estate. She believes that envisioning a goal makes it more attainable, especially when faced with seemingly insurmountable challenges. "I've visualized every success in my life long before I ever accomplished it," she said. This mindset helped Corcoran navigate the tough early days of her career and eventually become a successful property tycoon.
Corcoran's story has been shared publicly on several occasions, including with Shark Tank costar Kevin O'Leary. She emphasized that relationships are important in real estate, but dreaming is more crucial. "I envisioned myself living here," she said, referring to the penthouse apartment. Corcoran spent $3 million renovating the property and estimated its value at $12 million.
The 1158 Fifth Avenue apartment was featured in a New York Times article before being listed for sale in 2013. After several price cuts, it sold for $10 million in March 2015. Corcoran has spoken about her approach to buying homes, which involves finding a neighborhood she likes and then searching for the perfect property. She often purchases sight unseen, driven by an emotional connection to the location.
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