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Why has Tom Cruise listed this estate twice?

Nadja Beschetnikova
April 2, 2018

If you think that investing in real estate is a pledge of financial stability, then you should learn Tom Cruise’s experience.

Normally, celebrities’ luxury homes are in demand, and for real estate agents, it's easy projects. But, as they say, every rule has its exception. Tom Cruise has suffered much, trying to sell his $59 million home near the fashionable ski resort town of Telluride. Selling a grand chalet has proven to be a mission impossible.

The movie star's Colorado estate first hit the market back in October 2014. The property had been taken off the market after two years and was re-listed in 2017. Well, hope is a hard habit to break.

Peek inside the sprawling estate, maybe you’ll like it, or know anyone who could for a ‘modest’ amount release Mr. Cruise from his care. 

Telluride is about six hours by car from the international airports in Denver, Albuquerque, and Salt Lake City. The house was completed in 1994, and the movie star spent several years designing it on his own.
The house has a rustic charm and features many wooden elements in the interiors, including the entry decorated with bleached cedar timbers. And even the bedrooms feature cedar walls.

Cruise purchased the estate during his marriage to second wife Nicole Kidman in the ‘90s. It served as well as a setting for the Vanity Fair shoot in which Cruise and then-wife Katie Holmes introduced their baby girl Suri to the world back in 2006.
Just a 12-minute drive from the historic resort town of Telluride, Tom Cruise's $59 million mountain hideaway spans 298 acres include scenic rolling hills, an incredible system of forest trails, horse riding stables—even a private helipad. The home itself is 10,000 square feet and boasts 7 bedrooms and 9 baths.

The house offers plenty of seclusion not only because it’s a gated compound. In the two decades since Cruise completed construction, plenty of gorgeous green foliage has sprung up around the home, with towering ponderosa pine, cedar, and Douglas fir trees.

The canopies of trees in the spring, the summer or the fall create a very dramatic sense of arrival as you pass through two gates to the knoll-top setting surrounded by beautiful lawns that wrap around the property.

The main living room features an exposed wood beam ceiling as well as stripped-down tree column structures, while a slate log-burning fireplace ensures the home remains warm during those cooler winter months. The floor-to-ceiling windows showcase panoramic mountain views.

There's also a sports court for tennis, basketball, or ice hockey, and a private trail system leading to some of the most spectacular mountain views in the state and a private gate to access tens of thousands of acres of national forest land that surrounds it.

Perfect for visiting family and friends, there's also a 1,600-square-foot guesthouse on the property complete with three bedrooms and three bathrooms.
Besides, the home boasts a private elevator and three-car garage.

The place with its mountain views and pristine wilderness may seem even abandoned, but it has more to offer than just solitude. Those that do come don’t come just to ski; there’re good opportunities to hike, bike and fish as well.   

An old mining town, downtown Telluride only has about 2,300 permanent residents. There are no big chain stores and few fast-food restaurants but the town hosts popular bluegrass and wine festivals, and the annual Telluride Film Festival, which has hosted the world premieres of The King’s Speech, Slumdog Millionaire, and Blue Velvet.

In 2010 the local airport was expanded to handle larger aircraft. According to the local estate agency, 40 to 50 percent of the buyers arrive by private jet.

Cruise decided to sell his stunning estate as he hadn’t used it much over the past few years.

"It offers privacy, yet proximity, to the town of Telluride, the resort, and the airport. They're all less than 10 minutes from the front gate," says Bill Fandel, a real estate broker.

The property is a real catch for those who appreciate not only privacy but a true exclusivity in everything. It has only had two owners in the last 100 years - a family of Basque sheepherders who settled here in the 1920s, then Cruise.

Third time lucky?