Real Estate

Richard Gere bought Paul Simon’s money-losing estate

“Pretty Woman” actor Richard Gere has been unveiled because the thriller purchaser of Paul Simon’s 8,800-square-foot New Canaan, Connecticut, mansion. The 72-year-old was initially unnamed when he snagged the compound for $10.8 million final month. 

Mansion Global first reported that Gere was the previously unknown new proprietor of the 32-acre, 84-year-old property. 

Simon, 80, and his spouse, 56-year-old singer Edie Brickell, had been trying to dump the Georgian-style estate since 2019, once they first listed it for $13.9 million. That asking value subsequently dropped to $11.9 million earlier than relisting for $12 million early final year.

When Gere lastly took the place off the superstar couple’s fingers in July, it was for roughly $3 million lower than what they initially sought — and almost $6 million under the $16.5 million Simon and Brickell paid for the place in 2002. 

The dwelling had floundered on the market for 3 years.
The Grosby Group/Backgrid
Interior of the Connecticut home.
Gere paid $10.8 million for the compound.
The Grosby Group/Backgrid
Interior of the Connecicut home.
When Simon and Brickell bought the estate in 2002, they paid $16.5 million.
The Grosby Group/Backgrid
Interior of the Connecticut home's kitchen.
The property has each a fundamental and visitor home.
The Grosby Group/Backgrid
The home's pool.
The dwelling’s pool.
The Grosby Group/Backgrid
An aerial view of the Connecticut compound.
An aerial view of the Connecticut compound.
EagleView
An aerial shot of the home.
The fundamental home has six bedrooms.
EagleView
An aerial shot of the home.
The deal with “is just 45 miles from NYC,” in response to an previous itemizing.
EagleView
An aerial shot of the property.
An aerial shot of the property.
EagleView

The sprawling property struggled to promote regardless of loads of press and bragging rights. The Grammy Award-winning Simon “recorded many of his hit albums” in the primary home, Town & Country reported when it initially hit the market. The fundamental dwelling boasts six bedrooms, seven loos, three powder rooms and a number of fireplaces whereas a second home, the two,400-square-foot visitor dwelling, is garage-equipped 

​​“A separate three-bedroom cottage offers a quintessential escape to be as creative and self-indulgent or as engaging and social as you wish,” notes an previous itemizing, including, “This uniquely serene estate has been sensitively maintained to provide the ultimate in peace, privacy, luxury and tranquility and is just 45 miles from NYC.”

The deal with additionally encompasses a pond, a terraced pool, walled gardens and a courtyard. 

Representatives for Gere didn’t instantly return The Post’s request for remark.

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