Richard Gere sold his Connecticut estate for $10.75 million, taking a $50,000 loss as he plans a move to Spain with his family.

The "An Officer and a Gentleman" star sold the 32-acre New Canaan property, located at 82 Brookwood Lane, for $10.75 million last month, according to the town's property records. Gere still has his New York home home in Westchester County so it appears he will keep some presence in the United States.

The actor, who purchased the New Canaan property from Paul Simon in 2022, is leaving for the sunnier pastures of his wife’s homeland: “Madrid is going to be a great adventure”

Richard Gere sold his Connecticut home for $10.75 million as part of his plans to relocate to Madrid, Spain, a decision he shared in an interview with Vanity Fair Spain in April. Gere, who had lived in the property with his wife Alejandra Silva for two years,

"Pretty Woman" star Richard Gere has sold the Connecticut estate he purchased from musician Paul Simon for $10.75 million, just a few months after he voiced his desire to leave the U.S. and pursue a life in Spain.