Richard Gere, the legendary actor beloved by fans worldwide for his remarkable career, is stepping into a new chapter in his life. The 75-year-old Hollywood star recently made headlines with the sale of his stunning Connecticut estate for just under $11 million, signaling a significant life change as he prepares for an exciting new journey overseas with his family.
A Shift in Lifestyle: Leaving New Canaan Behind
Gere’s Connecticut estate, located in New Canaan, was purchased in 2022 for $10.8 million, and while it was sold for a slightly lower price of $10.75 million, the actor’s financial loss is minimal compared to the substantial hit taken by the estate’s previous owners. The property, which once belonged to celebrated musicians Paul Simon and Edie Brickell, was originally bought by them for $16.5 million, making the sale of the estate a notable shift in the luxury real estate market.