Real Estate Industry News

Actor Tom Cruise is selling his 320-acre ranch in Telluride, Colorado for $39.5 million in a mission that is hopefully possible. The property that he helped design was on the market in 2014 for $59 million, according to Telluride Sotheby’s International Realty.

Stardom surged for Cruise in 1983 when he was 19 and slid into the hallway in Risky Business. Now in his fourth decade as one of the world’s most successful and wealthy actors, Cruise also owns homes in Beverly Hills and Clearwater, Florida.

Nestled deep within rolling meadows and mature forest, the Telluride home holds a lot of history for Cruise, according to TopTenRealEstateDeals.com. It is where he enjoyed time with his children and much of his marriage to actress and producer Katie Holmes. It was also the location of his last major interview with Oprah, a follow-up to Cruise’s exuberant couch-jumping episode with Oprah in 2005. Oprah was so taken with his ranch and its views that she bought her own home nearby in 2016.

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Homes for sale in Telluride have a median listing price of $1.85 million. according to realtor.com. The first impression of Cruise’s home driving up the mile-long driveway from the gated entrance is the stunning view of the mountains and valleys. The 11,512-square-foot living space includes the 10,000-square-foot, four-bedroom main house and a three-bedroom guest house.

Blending in with the wooded surroundings, the dwellings are clad in rustic bleached cedar timbers and native stone with beamed ceilings and large expanses of glass. In addition to a large eat-in kitchen, living room and dining room that will seat a crowd, there are a gym, recreation room and library. Detached and in its own Aspen grove is the guest house. Combined, there are a total of seven bedrooms and nine full baths.

The grounds are equally impressive in all seasons. Outside is a sports court for tennis, basketball or ice hockey and a private trail system with access to and views of the 14,000-foot-high mountains in the distance with a private gate into the Uncompahgre National Forest. Hiking and riding trails and dirt bike and snowmobile tracks thread throughout the 320 acres.

Telluride has long been a destination for celebrities who like to ski or just get away and chill from their high-octane professional lives and now is even more popular for second-home buyers during the pandemic. Other stars who also find Telluride to be a great getaway include Robert Redford, Jerry Seinfeld and designer-to-the-stars Ralph Lauren.

Working around the constraints of Covid-19, Cruise’s upcoming films are Top Gun: Maverick and Mission: Impossible 7.