Bought for $1.5m, selling for $40m: Richard Gere lists New York mega-mansion
A year after forking out $9.8 million for a new family home in upstate New York, Richard Gere is trying to unload his other upstate property he purchased back in 1986.
The actor, aged 72, listed his sprawling 19.4ha compound in Pound Ridge for a whopping $28 million (AU$39.3 million) in October.
Nearly 35 years ago, he had purchased the land for just $1.51 million, property records reveal.
Known for his leading roles in “Pretty Woman” and “American Gigolo,” Gere is hoping to start over in a seven-bedroom, nine-bathroom house after welcoming children in 2019 and 2020 with his wife, Alejandra Silva.
The main residence at the Pound Ridge compound — only an hour away from New York City — is made up of eight bedrooms and 11 bathrooms and spans over 1,080 sqm.
Made up of five structures in total, with stables and a pool, the estate comes with 4,300 acres of protected land.
Dubbed as a “magical country compound,” the property features a winding country lane that makes its way through the grounds. Outside is a private lake with a Sandy Beach, and a separate island to row out to, according to the listing.
Other features include aesthetic views of rolling hills (reserved for horseback riding), a hidden soccer field and several mature plantings that surround the compound.
After buying his new colonial home last year, he dropped another $700,000 on a vacant neighbouring block, which expanded the property to about 35 acres.
Images: Real estate.com