The 'Pretty Woman' actor and former PEOPLE's Sexiest Man Alive (1999) bought the house, formerly owned by Paul Simon and Edie Brickell, in 2022 Richard Gere has for $10.75 million after revealing his plans to relocate to Spain. , 75, bought his house in the town of New Canaan in 2022 for $10.

8 million — $50,000 more than what he sold it for — from Paul Simon and Edie Brickell, according to local outlet the . The singer-songwriter couple had also sold at a significant loss, having paid $16.5 million for it 17 years earlier, per the outlet.

Gere lived in the home with , for two years and reportedly wanted to at one point. The 1938 house has six bedrooms, 11 bathrooms, a pool, multiple gardens and a three-bedroom guest cottage. The property encompasses 32 acres and features "period details" throughout, according to a previous listing with .

However, the actor recently opened up about his wishes to move abroad. Marechal Aurore/ABACA/Shutterstock Since they married in 2018, Gere and Silva have lived in the United States, but he shared in an April 2024 that he wanted to spend more time in his wife's native Spain, and allow her to be closer to her relatives. Alejandra Silva/Instagram "For Alejandra, it will be wonderful to be closer to her family, her lifelong friends and her culture," he said of Silva, 41, "She was very generous in giving me six years living in my world, so it is only fair that I give her at least another six living in hers," Related: Madrid will be a "great ad.