Richard Gere Gets $10.75 Million for His Bucolic Connecticut Estate

The “Pretty Woman” star paid Paul Simon and Edie Brickell around $25,000 more for the New Canaan property just two years ago.

Now that he’s announced a move to Spain to be closer to his publicist wife Alejandra Silva’s family in Madrid, Golden Globe-winning actor Richard Gere has unsurprisingly handed over the keys to the sprawling Connecticut estate he paid married musicians Paul Simon and Edie Brickell $10.8 million for a little more than two years ago, back in summer 2022.

“For me, going to Madrid is going to be a great adventure because I have never lived full-time outside the United States,” the Pretty Woman star said in a recent Vanity Fair España article. “For Alejandra, it will be wonderful to be closer to her family, her lifelong friends, and her culture. She was very generous in giving me six years living in my world, so I think it is only fair that I give her at least another six living in hers.”

As first reported by the New Canaan Advertiser, Gere and Silva have now offloaded their New Canaan residence to an LLC tied to James Hoffman of the general contracting and real estate development company SBP Homes, which picked up the nearly 32-acre spread in a clandestine deal in early October for $10.75 million.

Built in the late 1930s and designed by architect Harold Reeve Sleeper, the rambling estate features a five-bedroom, nine-bath English country-style main house and a three-bedroom, two-bath guest cottage that Simon previously used as a recording studio. Outdoor amenities include a swimming pool, terraced patios, gardens, woodland trails, a natural pond, and a waterfall.

Because the deal was done off-market, current photos are scarce.

But on-line listings from a few years ago show the primary dwelling has an entry foyer with a winding staircase topped by a chandelier. From there, a spacious fireside living room is lined with built-in shelving and the kitchen is outfitted with an eat-in island, stainless appliances, and an accompanying breakfast nook.

Other highlights include a wood-paneled study and an airy sunroom that doubles as an office space, plus an upstairs primary suite decked out with a wood-burning fireplace, a private balcony, and a cedar closet. There’s also an attached three-car garage on the premises.

Before Gere and Silva purchased the home at a substantially reduced price, Simon and Brickell resided there for almost two decades, paying $16.5 million for the place in 2002.

As for Gere, he reportedly had plans to convert part of the New Canaan property into a private, low-impact farm for growing mushrooms and providing honey, as well as raising goats.

The Buddhist actor, who sold a two-bedroom apartment in a historic building in Manhattan’s Gramercy Park in 2022 for $3.15 million, has owned several other notable homes with celebrity connections.

He transferred a waterfront compound in the Hamptons back in 2016 to Matt Lauer for a whopping $36.5 million, and in 2022 Ryan Murphy shelled out a bit more than $24 million for Gere’s 50-acre spread in New York’s rural Pound Ridge community.