Tom Cruise

Photo Credit: ShutterShock

In 2014, Cruise first listed his extravagant Telluride estate on the market for a whopping $59 million. When the steep asking price failed to attract buyers, the home was taken off the market. Seven years later, Cruise successfully relisted and sold the property at $39.5 million in only two months. Throughout the years, the Colorado ranch has served as a distinguishable location in Cruise’s career as the backdrop for his Vanity Fair profile in 2006 and his Oprah interview in 2008. Reportedly, Cruise is no longer in use of this property as his primary residence which is the presumed reason for his listing. Lead agent, Eric Lavey, and co-listing agent, Dan Dockray, of LIV Sotheby’s International Realty represented this property.

Built in 1994, this 10,000-square-foot estate spans 320 acres of picturesque land. As the listing describes, this property is fit for a movie star as the epitome of “luxury meets legend” with its seven bedrooms and nine bathrooms. The luxurious ranch is surrounded by scenic mountain views while being “custom-built for privacy.” Beyond the gated entry, the home's interior is equipped with a top-of-the-line chef’s kitchen, fitness center, recreation room, office suite, fireplaces, terraces, and outdoor space. The property also features a spectacular three-bedroom guest lodge. Decorative elements include bleached cedar timbers and native stone. While the lavish Colorado home is immersed in nature and forested trails, it is also a short distance to Telluride known for world-class skiing and golf.

For more on the latest in luxury real estate, visit dev.hauteresidence.com.

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Comedian Jerry Seinfeld and his wife, Jessica Seinfeld, have decided to part-ways with their Colorado estate, officially putting it on the market.

The couple purchased their home in 2007 for $7.55 million and have since doubled the asking price – listing the 27-acre home for $14.95 million. The home was also listed in 2011 but removed from the market when the couple decided they weren’t ready to sell it yet. Also listed is a four-bedroom guest house for $2.775 million, located on a 17-acre parcel.

The 12,300-square-foot estate is a modern farmhouse-style with 11 bedrooms, 11 full bathrooms, and two half baths. Filled with wood and stone finishes, the property was designed to resemble a series of connected Western ranch structures.

The living room features wall-to-floor ceiling windows with views of the Wilson Range mountains, as well as a grand stone fireplace. The main property also has an updated kitchen with wooden countertops, and top-of-the-line appliances. Adjacent from the kitchen are two dining areas, one nestled into a nook and the other considered a formal dining area between the living room and kitchen.

Other amenities within the home include a wood-paneled library with built-in bookshelves, a full gym, a yoga studio and a four-car garage. Outside are private trails and a nearby creek. The Telluride Ski Resort is also located 10 minutes away from the property.

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Photo Credit: Shutterstock

Tom Cruise has listed his massive and secluded Telluride, Colorado custom-designed home for $39.5 million. In 2014, the home was put up for $59 million, but it wasn’t officially listed under the pretense that Cruise wasn’t ready to give up the estate just yet.

Cruise had been making plans for an estate when he originally purchased the land back in 1992. Later on, he built a 10,000 square foot home which was completed in 1994 and added a guest home, totaling 11,512 square feet of living space between the two. The property holds 7 bedrooms and 9 bathrooms.

The sprawling 320-acre estate includes a long list of amenities such as a game room, a makeshift motor-cross track, an in-ground trampoline, a foosball table and piano, a fitness center, two fireplaces, an outdoor terrace, and a three-car garage. The home also has a mile-long drive to the main house from the gated entrance, which would cost about $4 million to make today.

The property is filled with rustic charm. The main house has high-beamed ceilings, cedar-paneled walls, and stone fireplaces. The kitchen itself is designed head-to-toe in cedar. It includes a large center island, custom cabinetry, and a wood-paneled oversize fridge.

Telluride real estate expert Anne-Britt Østlund of Mountain Rose Realty says on the property, "Cruise's home is located in a spot that is beyond National Park beauty, completely private, yet with the most sweeping views of the iconic Mount Wilson massif that you'll ever see."

Although the home is over 25 years old and has not been recently used, it has remained in a pristine state as Cruise ensured the estate was built at the highest level of construction. The home was built for privacy and offers unspoiled natural beauty. The natural surroundings allow for plentiful outdoor activities such as skiing, snowmobiling, golfing, horseback riding, hiking, and biking. With mountain vistas all around, the property includes extensive forested trails to explore the natural surroundings as well.

Eric Lavey and Dan Dockray from LIV Sotheby's International Realty hold the listing.

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3639 21st St, Boulder, CO 80304, listed by Catherine Burgess

Photo Credit: HBK PHotography

"Unlike other downturns, this pandemic is encouraging people to move. After being stuck inside for months, people are more acutely aware of the shortcomings of their homes than ever previously. Across every price band, people want spaciousness. This new pent-up demand is leading to higher levels of buying and selling than we've ever seen before. With interest rates remaining historically low, we anticipate that buyer demand will continue to outpace inventory well into 2021." - Catherine Burgess, Boulder, CO.

4 Hawkeye Place, Park City, UT 84060, listed by Dennis Hanlon

Photo Credit: Courtesy of Summit Sotheby's International Realty

"I don't think that we will see another summer like we just experienced for sales. Park City set records each month from June through October. I do feel that we will still see a strong exodus from cities to mountain resorts but it will be at a somewhat slower pace from 2020. Historically low interest rates and low inventory should keep buyers coming." - Dennis Hanlon, Park City, UT.

207 Wilson Peak Dr, Mountain Village, CO 81435, sold by Anne-Britt Østlund

Photo Credit: Mountain Rose Realty

"2020 was a banner year for real estate across the country, much to many people’s surprise. Will it continue? I think so. The pandemic made people reevaluate their lives. In quarantine, we were forced to take a close look at how we were living, where we were living and if that was how we had dreamed our lives would unfold.  In short, it made people wake up and take action. Focus has turned to family, health and the home. With inventory levels down an average of 25% and sales volume up approximately 96%, I expect to see the luxury market continue to gain strength into and through much of 2021 as the migration of wealth continues out of the big cities and to more unique and exclusive areas like Telluride, Colorado. A happy side effect of the pandemic, it has forced us all to make lifestyle changes, most for the better, and to re-align our priorities to focus on what really matters!" - Anne-Britt Østlund, Telluride, CO.

Read more expectations for 2021 from members of Haute Residence, including the areas of the Caribbean, South Florida, the west coast of Florida, Southern California and Northern California, the New York tri-state area, the Pacific Northwest, Texas, Costa Rica, and Canada.

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Sunset Ridge's sense of arrival can only be described as awe-inspiring - cliff-side, on a private peninsula with a breath taking mountainous panorama. The residence's bold, yet simplistic, linear architecture naturally draws a first time visitor to a glass, entryway door offering a first hint of the refinement of finishes and viewscape beyond. The owner along with the renowned Aspen architect, Bill Poss, have artfully designed a residence that not only frames the view, but seemingly integrates the mountains as an intrinsic element to the structure. Overlooking a pond reflecting the mountain peaks beyond and fed by a cascading stream running beneath the master suite bridge over waterfalls to the pond below, finishes and appointments were painstakingly and globally sourced by the design team.

Address: 296 Gray Head Lane, Telluride, CO 81435

Price: $24,950,000

For more information, please contact Steve Catsman at 970-729-0100 or steve@catsman.com

Steve Catsman is the exclusive agent representing the Telluride real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Steve Catsman 

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Lot 15C-1 is Gray Head's most secluded Parcel with Telluride's most unique vistas from the canyon, 150 ft. rock spires, undulating features that will accommodate the water features of your dreams, to the iconic Wilson Peak and Lizard Head. Of course, Gray Head also features ownership in Parcel 17 and access to the Wilderness Preserve all within 20 minutes from Dtwn where Valet Parking and Auberge/E52 amenities await.

Address: 297 GRAY HEAD Lane, 15C 1, Telluride, CO 81435

Price: $1,750,000

For more information, please contact Steve Catsman at 970-729-0100 or steve@catsman.com

Steve Catsman is the exclusive agent representing the Telluride real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Telluride Real Estate Corp Photo Credit: Telluride Real Estate Corp

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