Telluride is Hot: Tom Cruise Selling His Spread for $59 Million, Home Sales Double Over 2013

Tom Cruise has listed his 298-acre Telluride spread featuring a 10,000-square-foot main house for sale in Telluride for $59 million. If that sounds like a lot, no worries: the Telluride real estate market is heating up. While Telluride home sales were $18 million in November of 2013, they were double that in 2014: $36.8 million alone in San Miguel County, which includes Telluride and Mountain Village.

The first 11 months of sales volume for 2-14 shows $476.1 million in Telluride sales dollar volume. which is a whopping  72 percent more than the $276.6 million sales volume in the first 11 months of 2013.

In fact, it’s the biggest year-over-year percentage gain since 1985, according to Telluride real estate broker George Harvey.

As you can see, Telluride sales dipped even more during the recession than they did in the mid 90’s. Pretty major stuff, which might have made Cruise feel Mission: Lucky:  the Mission Impossible star decided to test out the market. According to the Wall Street Journal, who first reported the story last October, he barely uses the mammoth home which has only four bedrooms and six bathrooms, plus a gym, a recreation room and library. Of course, the place was meant just for three people: Tom, Katie Holmes and their daughter, Suri, and his two older kiddos. Suri has a playroom and an under-stairs playhouse. There is a 1,600 square foot guest house with three bedrooms and three baths.

Something tells me those guest room bedrooms are much smaller than the four en suites in the main house. Still, perfect for company. The agent, Sotheby’s Bill Fandel, told the Wall Street Journal that Mr. Cruise spent several years designing and building the home of native Colorado stone and cedar.

Sad that Cruise is selling, as Cruise & Suri spotting would ramped up the fun a notch or two in Telluride. No word on whether the home contains the famous underground bunker Cruise was supposed to be building under it, to protect his family from “alien attacks,” as Curbed reminded us. (They ask, is that the recreation room?) There are more views of the house here from Oprah’s interview with Cruise — they are, after all, sort of neighbors: Oprah has a place in Mountain Village. The best photos are from Architectural Digest, but there are not many of them:

Still, you can see that the value in in the land, which is breathtaking and even had Oprah’s heart palpitating as she drove up to the home. Hence the $59 million: