Tom Cruise’s ranch is selling in Telluride, CO, and we spotted a more affordable, stunning lodge just one mile away from the actor’s house. Both properties are marketed by LIV Sotheby’s International Realty.
Out of curiosity, we decided to exploit this market incidence and explore the differences (and the similarities) between the two, remarkable Telluride houses located within the same neighborhood. Aside from the Cruise celebrity name, can $4-million purchase the same level of comfort and well-being as $40 million? Let’s take a look.
Architecture: two designer lodges
Both estates boast a custom, lodge-style exterior design featuring rustic wood combined with natural stone and floor-to-ceiling glass.
Tom Cruise’s 10,000-square-foot, 7-bedroom house clad in bleached cedar timbers was completed in 1994. According to the Wall Street Journal, the actor spent several years designing and constructing the property.
The nearby $4-million estate has about 7,000 square feet of interior space that accommodates 6 bedrooms. The house was built by local architect Pete DeLuca, a name connected with some of the most impressive Colorado estates.
A mountain lifestyle: the best views in Telluride
Dramatic mountain vistas with snow capped peaks and forested rolling hills are certainly some of the most treasured facets of Colorado real estate. Both properties occupy elevated positions and boast the best views that Telluride has to offer. Plus, the houses sit at the end of driveways, featuring perfect end-of-the-road privacy.
Other details of the idyllic mountain lifestyle, such as wood-burning fireplaces, grand rooms with breathtaking panoramas, and spa-like bathrooms with (again) mountain views, are also present.
But Mr. Cruise’s property seems to be better equipped for the outdoors; it has a dirt bike and snowmobile tracks as well as a network of trails for hiking, snowshoeing, and exploring with all-terrain vehicles.
Now, let’s move on to the main characteristic that differentiates Mr. Cruise’s estate from others in the area.
Land: 139 Ha vs 2 Ha
So, not only the actor’s name is a drawing factor but also the property’s size. In fact, it is most likely the key factor that influences the price of the property. The estate includes 130 Ha of land–the largest plot in Telluride available for sale. In comparison, the second-largest plot on the local market has 15 Ha of land and is listed for $24 million.
The $4-million estate neighboring to Mr. Cruise’s house also features a beautiful piece of land surrounded by the San Juan National Forest; the size of the plot is 2 Ha.
Location: resort of choice for wealthy house hunters
You’ll be pleased to know that both $4 and $40 million will buy you one of the best locations in Colorado.
Both homes are situated near Telluride Ski Area, a golf club, and natural landmarks, including picturesque hiking trails through National Forest and the 14,023 foot (4.2 kilometers) Wilson Peak, one of the highest mountaintops in Colorado. The homes also are far enough away from the hustle and bustle of Telluride’s Mountain Village to ensure privacy.
Finally, it’s worth mentioning that Telluride is among the most promising real estate markets in the US; according to Knight Frank, it has become the mountain resort of choice for wealthy US residents seeking refuge from the pandemic. Perhaps the upsurge in real estate seekers during this time is a factor that prompted Mr. Cruise to put his property back on the market; the actor reportedly made an effort to sell it seven years ago with an asking price of $59 million.
As for the $4-million lodge neighboring the actor’s house, it could be an excellent investment, both from a financial and from a lifestyle point of view. The property’s price seems to be lower than the average of $1,000 per square foot in Telluride, reported by Knight Frank.