"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.

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.

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.

Richard Gere sold the Connecticut home he owned for only two years at a loss, with plans to move out of the United States. Fans want to know more about the property and why he's leaving the country. When Did Richard Gere Sell His Connecticut Home?

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.

The 1938 house sits on 32 acres of land and features six bedrooms, 11 bathrooms, a pool, multiple gardens and a three-bedroom guest cottage.

Pretty Woman” actor Richard Gere has sold his $11 million mansion in New Canaan, Conn. and plans to move to Europe.

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.

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.

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,