SoulCycle’s Elizabeth Cutler Sells Telluride Mansion

It was a quick change of hands for the SoulCycle co-founder’s Telluride estate.

Elizabeth Cutler, who co-founded the indoor cycling brand in 2006, found a buyer for her home just under the asking price of $29.5 million, the Wall Street Journal reported. Cutler listed the property in July.

It’s one of a few homes in the area that have sold for more than $20 million, listing agent Brian O’Neill of Telluride Properties told the outlet. The unnamed buyer was attracted to the property, at 236 Pandora Lane, because of its finishes, views and land, buyer’s agent Dan Dockray of Liv Sotheby’s International Realty said.

The sale price was for more than just the home. Furnishings, a collection of e-bikes and an electric car were included.

“We found the most wonderful, dream buyer,” Cutler told the Journal, calling the incoming owner “a lovely woman who really understands the magic of the property.”

The sale price was quite a jump from when Cutler bought it for $4.2 million in 2013; she purchased an adjoining lot for $1.4 million at the same time.

Cutler renovated, turning the home into an escape from the outside world that is “like Xanax,” she told the outlet in July.

She built a bathhouse and “wellness sanctuary” with a lap pool, sauna and steam room on the property, plus yoga and meditation rooms and multiple patios.

In the main house, she added a mudroom, a game room, an office, a bunk room and two guest suites for a total of seven bedrooms in the mansion.

Telluride is a small market, where $5 million home sales are typical. Telluride, Durango and Crested Butte, Colorado, are trending toward buyer’s markets, ColoradoBiz reported. Dollar volume was down 28 percent through the first five months of this year.

— Chris Malone Méndez