Update: It's been well over a year since we first posted about Tom Cruise's spectacular Telluride home, which was on sale for $59 million; the original listing dates back to October 2014. But the property remains unsold at this writing — something that's not unusual for celebrity real estate these days.
Note that Michael Jordan's Chicago home has been on the market for four years, Robin Williams's Napa Valley digs took from 2012 until after his death to sell, and actress Mischa Barton had to wait almost six years before finally collecting for her Beverly Hills home.
Why? Each case is different, but factors include overspending by stars, who sink so much cash into "improving" properties that they have to ask for huge sums simply to break even. And there's also the issue of unrealistic pricing based on the not-always-accurate assumption that people will overpay to live in a luminary's onetime pad. Indeed, the Williams and Barton residences weren't purchased until prices were lowered in a big way — nearly 50 percent, in the case of the Williams joint.
Thus far, Cruise hasn't followed this formula. The Sotheby's International listing for his Telluride spread, which Cruise purchased in the 1990s, still asks for $59 million. But at least the property comes with lots of amenities.
Like a garbage disposal. And a helipad.
Get the lay of the land by checking out the following photos, supplemented with additional information from the listing for the little shack at 115 Francisco Way.
Details for 115 Francisco Way
Full Baths: Nine
Exterior: 298 Acres
Property Type: Single family home
Year Built: 1994
About 115 Francisco Way
Nestled deep within the rarest assemblage of rolling meadows and mature forest just 12 minutes from the historic resort town of Telluride, Colorado, this property offers the ultimate retreat for those seeking privacy, scenic beauty and serenity. Carefully planned over the course of several years, the home offers exceptional design and meticulous craftsmanship throughout. Intimate spaces frame views of the surrounding mountains while bleached cedar timbers, dove-tail joinery and native stone showcase the finest materials and uncompromising attention to detail assembled by the region's top builder. A warm and inviting main house and story-book guest house are situated upon a rise overlooking the region's towering 14,000-foot peaks. The property's vast acreage is threaded by a private trail system providing gated access into tens of thousands of acres of surrounding National Forest. Ease of access for private and commercial aircraft is less than 10 minutes from the property's front gate via the Telluride Regional airport, whose recent $53m in renovations further accommodate long-range private aircraft. Telluride is home to the world-renowned Telluride Film Festival and Telluride Ski Resort again recognized by Conde Nast readers as the #1 ski resort in North America.
Continue to see more photos of Tom Cruise's Telluride property, which can be yours for $59 million.
In-Law Suite On Apt
In-Home Fitness Center
Terrace / Outdoor Space
Underground Lawn Sprinkler
Parking: Three-Car Garage
Jogging / Biking Path
Spa / Pool