PRIVATE PROPERTIES
Tom Cruise’s Colorado Home Fetches Full $39.5 Million Asking Price
The sale for the roughly 320-acre property in Telluride closed just two months after hitting the market
By Katherine Clarke and Candace Taylor
May 14, 2021 3:10 pm ET
The sale of Tom Cruise’s Telluride, Colo., estate has closed for the property’s full asking price of $39.5 million, just two months after he listed it for sale, according to the listing agents.
Listing agent Dan Dockray of LIV Sotheby’s International Realty said the property was actually in contract within roughly the first week. “It all really depended on who had their Gulfstream warming up on the tarmac to get out there first,” said his colleague Eric Lavey, who also worked on the deal.
Mr. Lavey said the deal is further evidence of how much the Colorado market has boomed over the past year. He said he’s seeing ultra-high levels of demand for large, private compounds with on-site sporting activities. The agents declined to comment on the identity of the buyer.
A spokeswoman for Mr. Cruise didn’t immediately respond to a request for comment.
The roughly 320-acre property, which sits at the end of a mile-long driveway framed by a forest of aspen trees, borders a national forest on three sides. It includes a roughly 10,000-square-foot native stone-and-cedar home, which was completed by Mr. Cruise in 1994, as well as a three-bedroom guest house. The main house is designed in classic mountain style, with wood-paneled walls and stone fireplaces.
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Write to Katherine Clarke at Katherine.Clarke@wsj.com and Candace Taylor at Candace.Taylor@wsj.com
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