‘Shark Tank’ Star Barbara Corcoran: Why I Live in a Mobile Home (and Why I Paid $1 Million for it)

Living in a mobile home or trailer probably doesn’t always have a positive connotation among the wealthiest class. But, that perception apparently didn’t stop “Shark Tank” businesswoman and real estate entrepreneur Barbara Corcoran from buying a double-wide trailer in Los Angeles.

She recently showed off her mobile home to TikTok star Caleb Simpson in a video tour. Corcoran previously walked the TikTok star through her Manhattan apartment about a year ago, which she also owns.

The Pacific Palisades trailer cost Corcoran $800,000 and she said she put another $150,000 into it.

For comparison, the average price of a new double-wide trailer in the U.S. costs between $120,000 to $160,000, which includes delivery, per HomeGuide. So, yes: Corcoran’s renos cost more than many mobile homes.

Barbara Corcoran is listed as one of the 100 most influential experts in the U.S.

Source: GOBanking Rates

Note: Depicting the home as a “trailer” or a “mobile home” would be incorrect, unless the home was manufactured before 1976. Since then all homes are legally identified as  “manufactured homes.”