Where does Gwyneth Paltrow live? Gwyneth Paltrow has a number of homes. The Oscar winning actress has a downtown New York City penthouse with a romantic and sophisticated style. Paltrow had designers Robin Standefer and Stephen Alesch decorated the penthouse in pink pastels, whites, and silvers. The penthouse has 4,479 square feet, with 3 bedrooms, 3.5 bathrooms, an eat in kitchen featuring marble counter tops, and terraces off the master bedroom and living room/dining room area.