Richard Gere sells Connecticut home for $10.75M

This 31.8-acre Connecticut estate comes with a grand A-list history — and now it’s in the hands of some new owners.

Golden Globe-winning actor Richard Gere has just sold the New Canaan property he purchased two years ago from multi-Grammy-winning singer and songwriter Paul Simon, reports the New Canaan Advertiser. The deal appears to have taken place off-market — and while the identity of the new owner isn’t immediately clear, the sale came at a slight loss for the “Pretty Woman” star.

Property records show the spread traded hands for $10.75 million. In 2022, Gere and his wife, the Spanish publicist Alejandra Silva, spent $10.8 million for the compound.

This isn’t the only loss the property has seen.

When Gere and Silva purchased it, they got quite the deal. Simon and his wife, the singer Edie Brickell, had attempted to sell the Georgian-style estate since 2019, first listing it for $13.9 million. The asking price then fluctuated to $11.9 million and $12 million — all quite less than the $16.5 million they paid for it in 2002.

Despite the struggle to sell, Simon’s fans may take interest in the fact he recorded multiple albums inside the five-bedroom main house. (In all, the property includes that structure and a three-bedroom cottage.)

For his part, Gere sold the estate to move to his wife’s native Spain.

Perks, at least of the outdoor variety, include gardens, a pool and terraced patios. There’s also a pond with a waterfall, as well as trails.