Tom Cruise has listed his Telluride, Colorado, estate — a secluded property nestled up against Campbell Peak within a forest of aspens — for $39.5 million, the Wall Street Journal reported on Thursday.
Eric Lavey and Dan Dockray of LIV Sotheby’s International Realty are representing the listing.
The 320-acre estate includes a four-bedroom main house and a three-bedroom guesthouse for a total of over 11,500 square feet of space, designed by Cruise and completed in 1994. Constructed in native stone-and-cedar, the property features wood-beamed ceilings, wood-paneled walls and stone fireplaces.
Although most people in the area are aware the property has belonged to Cruise for years, Dockray told Inman that few have ever seen it because of the geographical features sheltering it. To get to the house, one has to drive down a gated one-mile driveway.
“The home is invisible to almost every property in the whole region,” Dockray said. “So, living here for 20 years, everybody knows where TC lives … It’s just kind of common knowledge to locals. But you can’t see the house from anywhere, so it’s this kind of mysterious, totally private area that is really close to town.”
In addition to being more warm and intimate than many other sweeping estates in the area, Dockray said that another of the property’s advantages is that the land it sits on is quite functional, rather than being too mountainous or rugged for many purposes, like other neighboring estates with vast acres of land.
“I think it’s not as big and grand as some would expect with the seller,” Dockray said. “But it fits perfectly in the landscape and it has this great warmth.”
“It’s just impressive how you have three sides to national forest and open space, and you just have this incredible view with this, what I call ‘usable land’ in Telluride,” he added. “Because we sell a lot of properties here that are around 35 or 100 acres and they just, there’s like five acres that you can actually like walk on, and the rest of it is a mountainside.”
“Scarcity always drives value, and in this case, the ability to duplicate this assemblage of contiguous parcels in a location as desirable as Telluride is extremely rare in 2021,” Lavey told Inman in an email.
Reflective of Cruise’s reputation as an adrenaline and fitness junkie, the property features a large sports court, a dirt bike and snowmobile track and several trails that can be used for hiking, snowshoeing or all-terrain vehicles.
Dockray couldn’t say for certain, but suggested that Cruise was probably selling now because he doesn’t use the property as often as he once did, and decided he didn’t need to hold onto it any longer.
As for potential buyers of the estate, Dockray said a few outdoor enthusiasts have already approached him about the listing, and that he thought building a legacy around the estate would also be a primary factor for potential buyers.
“Clearly there’s a net worth hurdle for anybody, but I think the buyers here are looking to cement legacy with the outdoors being a huge part of their family and lifestyle,” Dockray said. “I don’t see the buyer being any other person really.”
Dockray added that many buyers searching for homes in Telluride have reassessed their lifestyles and realized that the outdoor amenities the city has to offer could be very fulfilling, a factor he believes is also true of this specific property.
“I think that’s like where our buyers are going,” Dockray said. “We’ve seen this whole COVID thing, which, I think a lot of people evaluated their lifestyles and said, ‘I’m going to prioritize lifestyle,’ because we all just kind of sat there and said, ‘What are we doing?’ Right? And you look at this property and it just screams, that’s the best lifestyle available.”
Cruise is currently filming “Mission: Impossible 7,” which is slated to premiere in late 2021.
Update: This story was updated on March 18, 2021 with a comment from listing agent Eric Lavey.