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Real Estate News

February 27, 2012

Oprah’s, or Gayle King’s, NY Penthouse Hits the Market

- — In the world of celebrity real estate, stars buy homes through trusts in LLCs in an effort to cut the paper trail leading to their name.

Despite their best efforts, it's possible to figure out who the real owner of a mansion or penthouse is with a little sleuthing.

Such is the case with a posh Manhattan penthouse for sale. In 2008, it was reported that former news anchor and Oprah Winfrey's best bud Gayle King bought a 3-bedroom, 3.5-bath apartment in the new Midtown tower Place 57.

After all was said and done, it appeared that the home was not purchased by King, but by the talk show diva herself for $7.1 million.

Who actually lived there is up for debate, but as for now, the penthouse is for sale for $7.9 million and appears to be vacant.

Finished in 2006, Place 57 has condos ringing in originally from $1.47 million to $7-plus million. Oprah's penthouse sits on the 36th floor and features 2,530 square feet of wall-to-ceiling windowed space as well as a 768-square-foot terrace.

The modern space features a "triangle-shaped" living room, high-end kitchen, dining area, and two bedrooms, one with an attached bathroom. The master suite has three walk-in closets, a jetted tub and sleek shower.

If this is Oprah's home, it's only one on a list of several properties she owns, including a duplex in downtown Chicago, a plantation in Hawaii, huge sprawling property in Montecito as well as smaller homes and condos in Douglasville, GA, Franklin, TN and Elmwood Park, Il.

King currently owns an apartment in the Big Apple as well as a home in Greenwich, CT.

The home is listed by Mark Schoenfield of the Corcoran Group. According to Zillow's mortgage calculator, a monthly payment would be $29,115, assuming a 20 percent down payment on a 30-year-mortgage.  

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