The 'Pretty Woman' actor and former PEOPLE's Sexiest Man Alive (1999) bought the house, formerly owned by Paul Simon and Edie Brickell, in 2022Richard Gere has sold his Connecticut home for $10.75 million after revealing his plans to relocate to Spain.

Richard Gere sold his 32.8-acre Connecticut mansion for the sweetest reason possible: to move closer to his wife's family. In 2022, he purchased the home in New Canaan from Grammy-winning singer and songwriter Paul Simon and his wife,

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

Amid his move to Spain, the “Pretty Woman” star parted ways with his New Canaan spread — and it’s not the first time it sold for less than the purchase price.

As for why Gere and Silva are selling their Connecticut home, the former “Sexiest Man Alive” revealed plans to move to Spain earlier this year in an effort to be closer to Silva’s 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.

Richard Gere is leaving Connecticut. Two years after buying Paul Simon and Edie Brickell’s New Canaan, Connecticut, property, the “Pretty Woman” actor and his wife, Spanish publicist Alejandra Silva, sold the property in a seemingly off-market deal in early October for $10.75 million, property records show.

Pretty Woman” actor Richard Gere has sold his $11 million mansion in New Canaan, Connecticut, and plans to move to Europe. Gere, 75, bought the home for $10.8 million from singer-songwriters Paul Simon and Edie Brickell in 2022,

Richard Gere is leaving the United States. No, this isn't some Hollywood hunk's hokum over politics. The "Pretty Woman" star — who recently sold his Connecticut estate — is leaving the country to be closer to family.