Suri Cruise is hanging out in a $100,000 tree house

Jun 15, 2011 at 3:36 p.m. ET

Suri Cruise has a tree house fit for a princess -- and it cost $100,000. But will she wear her high heels in it?

suri cruiseSuri Cruise really is the celebrity kid who has everything because dad, Tom Cruise, and mom, Katie Holmes, bought little Suri a tree house with a whopper of a price tag.

You may have had a tree house your father put together with some boards and nails, but that won't suffice for this famous offspring. Cruise and Holmes picked up a McMansion tree house for Suri to play in amidst the tree tops. The cost? $100,000.

So what do you get for $100,000 when you're buying a tree house? Suri's tree castle has running water, shag carpeting and electricity.

By the sound of it, Suri is enjoying her fancy new digs. Tom and Katie even let her design it. A source says the place is also outfitted with security cameras and that nannies are there to attend to Suri's needs.

"It may sound funny, but Suri now has her dream home," the source says. "She hosts tea parties there on fine china and watches TV with friends."

Suri is already known for her fancy wardrobe. She's been spotted in high heels everywhere she goes with her jet-setting parents -- even the beach.

Reportedly, her shoe collection alone is worth $150,000 and includes footwear designed by Marc Jacobs and Christian Louboutin.

Is this five-year-old overindulged?