Los Angeles, CA – Real estate mogul and “Shark Tank” star Barbara Corcoran recently announced her plans to rebuild her $1 million mobile home in Los Angeles after it was destroyed by the devastating Palisades Fire in January 2025.
The fire, which swept through the Pacific Palisades neighborhood, left many residents without homes, including Corcoran, who had owned her trailer home in Tahitian Terrace Mobile Home Park for five years.
A Devastating Loss
Corcoran first purchased the L.A. property for $800,000, investing an additional $150,000 in renovations to create what she called her “little slice of heaven.”
Unfortunately, the wildfires that ravaged parts of California in early 2025 completely destroyed her home, along with several others in the tight-knit mobile home community (People).
Speaking about the fire, Corcoran expressed her heartbreak over the loss of her home and the impact on her neighbors. “It wasn’t just my home—it was my sanctuary,” she told reporters. “This community is made up of incredible people, and we’re all determined to rebuild.”
A Commitment to Rebuilding
Rather than walking away, Corcoran has vowed to rebuild her mobile home and assist her displaced neighbors. She has even started a GoFundMe campaign to support community members who lost everything in the fire. Many of the residents in Tahitian Terrace are retirees who had invested their life savings into their homes, making the loss even more devastating (Realtor.com).
“I have the means to rebuild, but many of my neighbors don’t,” Corcoran explained. “I want to do everything I can to help them recover.”
Leaving New York for Good?
Recent rumors have suggested that Corcoran might sell her $15 million New York City penthouse to move to Los Angeles full-time. Her penthouse, located in an upscale Manhattan building, features a greenhouse-turned-kitchen, expansive outdoor terraces, and floor-to-ceiling windows with breathtaking views of the city (AOL).
However, despite speculation, there is no official confirmation that Corcoran plans to sell her NYC residence. While she has spoken fondly of her L.A. retreat, she has yet to make a definitive statement about leaving New York permanently.
California Wildfires: A Growing Crisis
The Palisades Fire is just one example of the increasing wildfire threats facing California. According to Cal Fire, over 1.2 million acres have burned in the state in the past year alone, displacing thousands of residents. Climate change and extreme drought conditions have contributed to the worsening severity of these fires, leading many homeowners to reconsider where they live.
As Corcoran and other victims begin rebuilding, California state officials are urging residents to consider fire-resistant materials and defensible space strategies to better protect their homes in the future (FEMA Wildfire Safety).
Real Estate and Mobile Homes: A Growing Trend?
Despite the loss, Corcoran’s decision to invest in a high-end mobile home aligns with a growing trend of luxury trailer home ownership in California. Many affluent buyers are opting for upscale mobile home parks in areas like Malibu, Pacific Palisades, and Santa Barbara as an affordable alternative to traditional mansions.
For Corcoran, her mobile home represented freedom, simplicity, and a strong sense of community—a stark contrast to the bustling lifestyle of Manhattan.
What’s Next for Corcoran?
For now, Corcoran is focused on rebuilding and supporting her L.A. community. She has vowed to help her neighbors secure financial assistance and has pledged to personally cover the cost of rebuilding her home.
While her future living arrangements remain uncertain, one thing is clear: Barbara Corcoran is committed to restoring what was lost. “I’ll be back,” she said. “This fire won’t take away what we built here.”
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A senior at Yale-NUS College with interests in developmental and labour economics, as well as creative non-fiction and poetry. Currently, I’m studying as an Economics major and an Arts and Humanities minor (focusing on Creative Writing) with heavy involvement in the Singaporean journalism scene and involved in research on economic history and educational policy. I’m working as an author for SKC News, Yale-NUS’ student publication, as a writer for Wingspan, Yale-NUS’ alumni magazine, and as a tutor for the NUS Libraries Writer’s Centre. | Linkedin